The global styrenebutadiene 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.
Browse full report by Grand View
Research :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
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
global styrene butadiene rubber market on the basis of application and region:
SBR Application Outlook (Volume, Kilo Tons; Revenue,
USD Million; 2014 - 2025)
·
SBR
o Tires
o Footwear
o Polymer Modification
o Adhesive
o Others
·
E-SBR
o Tires
o Footwear
o Construction
o Polymer Modification
o Adhesive
o Others
·
S-SBR
o Tires
o Footwear
o Polymer Modification
o Adhesive
o Others
SBR Regional Outlook (Volume, Kilo Tons; Revenue,
USD Million; 2014 - 2025)
·
SBR
o North America
o Europe
o Asia Pacific
o Rest of the World
·
E-SBR
o North America
o Europe
o Asia Pacific
o Rest of the World
·
S-SBR
o North America
o Europe
o Asia Pacific
o Rest of the World
View press
release of this research report by Grand View Research: https://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.
