The 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.
Browse full research report on Styrene Butadiene Rubber
(SBR) Market: 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: http://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
- Tires
- Footwear
- Polymer
Modification
- Adhesive
- Others
- E-SBR
- Tires
- Footwear
- Construction
- Polymer
Modification
- Adhesive
- Others
- S-SBR
- Tires
- Footwear
- Polymer
Modification
- Adhesive
- Others
SBR 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
Access Press Release
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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