Global Styrene Butadiene Rubber
(SBR) Market is expected to
reach USD 9.9 billion by 2025, according to a new report by Grand View
Research, Inc. Significant increase in the demand for OEM tires from the
automobile industry is likely to augment the utilization of SBR over the
forecast period. In addition, long vehicle life coupled with a shift in
consumer preference toward high-performance tires is likely to have a positive
impact on the growth over the next nine years.
In the recent times, the demand supply gap for natural
rubber (NR) has widened, making the prices of the commodity a matter of
concern. In 2016, the growth in supply of natural rubber was 1.1% while the
demand grew at a rate of about 6%. This deficit has been exerting a pressure on
the supplies and leading to a high volatility in the prices, which in turn has
been a major driver for the growth of the SBR industry.
Over the last five years, the average consumption of
synthetic rubber has been higher than NR by about 3,500 kilo tons per year. SBR
is the highest consumed synthetic rubber, accounting for over 45% of
consumption. Therefore, the restraints faced by the NR industry act as the
major drivers for the synthetic rubber market.
Full Research Report on Global Styrene Butadiene Rubber (SBR) Market Analysis:
http://www.grandviewresearch.com/industry-analysis/styrene-butaidene-rubber-industry
http://www.grandviewresearch.com/industry-analysis/styrene-butaidene-rubber-industry
Further key findings from the report suggest:
- The
tire application is expected to witness a CAGR of 1.7% from 2016 to 2025
owing to the rising demand from the automotive industry in emerging
economies including China, India, and Brazil
- The
global S-SBR market is expected to witness a CAGR of 8.8% from 2016 to
2025 as manufacturers are increasingly focusing on converting E-SBR plants
into S-SBR manufacturing facilities
- The
SBR market is driven by the rising demand from the Latin America and the
Middle East & Africa regions owing to the increasing production of
tires and the presence of numerous petrochemical companies across the
region
- In
October 2015, Kumho Petrochemical Company, under a joint venture with
Sunny Plastics Co., Ltd., set up its third ABS plant in China to establish
its foothold in the Chinese market
- In
June 2016, Versalis and LOTTE Chemical entered into a partnership to
expand their presence in the Asian synthetic rubber industry
View more reports of this category by Grand View
Research at: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research
has segmented the Global Styrene Butadiene Rubber (SBR) Market on the basis of
application and region:
Styrene Butadiene
Rubber (SBR) Market Application Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- SBR
- Tires
- Footwear
- Polymer
Modification
- Adhesive
- Others
- E-SBR
- Tires
- Footwear
- Construction
- Polymer
Modification
- Adhesive
- Others
- S-SBR
- Tires
- Footwear
- Polymer
Modification
- Adhesive
- Others
Styrene Butadiene
Rubber (SBR) Market Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- SBR
- North
America
- Europe
- Asia
Pacific
- Rest
of the World
- E-SBR
- North
America
- Europe
- Asia
Pacific
- Rest
of the World
- S-SBR
- North
America
- Europe
- Asia
Pacific
- Rest
of the World
View Press Release of this research report by Grand View
Research: http://www.grandviewresearch.com/press-release/global-styrene-butadiene-rubber-sbr-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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