The global market for SBR is expected to reach
USD 23,144.3 billion by 2020, according to a new study by Grand View Research,
Inc. Increasing demand for SBR in tire manufacturing is expected to support the
growth of this market over forecast period. The automobile industry has
witnessed significant growth over the past couple of years, resulting in
increased demand for tires which in turn has boosted the demand for synthetic
rubbers such as SBR. Tire was the single largest application segment for SBR
market accounting for 73.5% of global consumption in 2013. Footwear was a small
application segment in 2013, however is expected to witness significant growth
over the forecast period on account of superior performance offered by SBR in
sport shoe soles. In addition, the increasing price of natural rubber has
created a crossover opportunity for synthetic rubbers such as SBR.
The implementation of tire labeling regulation in
countries of EU, Japan and Korea, which is a prerequisite for manufacturing of
high grade ‘Green Tires’, is expected to augment S-SBR demand,. EU regulations
have made it mandatory for all manufacturers to label their tire for wet grip
and rolling resistance. In order to have high grade of tire, S-SBR along with
Nd-PBR filler is a key requirement. Certain SBR manufacturers such as Lanxess
have converted their E-SBR plants to S-SBR in order to meet the growing demand
from the tire manufacturers.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/styrene-butaidene-rubber-industry
Further key findings from the study suggest:- The global SBR market was 5,122.4 kilo tons in 2013 and is expected to grow at a CAGR of 6.1% from 2014 to 2020.
- Asia Pacific was the largest consumer of SBR in 2013, accounting for over 46% of global demand. The growing automobile industry in China, India and Japan is expected to boost the demand for tires which in turn is expected to drive the SBR market over the forecast period. In addition, it is expected that China and India would implement tire labeling regulations in line with the EU regulations by 2015, which is expected to have a positive impact on S-SBR sales in near future.
- Europe was the second largest consumer of SBR in 2013, with consumption exceeding 1,000 kilo tons. EU labeling regulations which came into effect from 2012 are expected to augment the demand for S-SBR over the forecast period. Germany, Italy and France are expected to witness increased tire production in the next couple of years in light of the new regulations.
- The global market is fragmented, with top ten companies accounting for less than 65% of the market in 2013. Major companies have been focusing on integration in order to offset the effect of variable raw material prices. Lanxess, Sinopec and CNPC are some of the company’s manufacturing E-SBR and S-SBR.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/bulk-chemicals
For the purpose of this study, Grand
View Research has segmented the global SBR market on the basis of application
and region:
E-SBR
and S-SBR Application Outlook (Volume, Kilo tons and Revenue, USD Million, 2012
- 2020)
• Tire
• Footwear
• Polymer Modification
• Adhesive
• Others
E-SBR
and S-SBR Regional Outlook (Volume, Kilo tons and Revenue, USD Million, 2012 -
2020)
• North America
• Europe
• Asia Pacific
• RoW
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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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