Press release
Solution Styrene Butadiene Rubber (S-SBR) Market Trends, Application sectors & Forecast 2017
Increasing application outlook in tire manufacturing owing to better processability, excellent wear & grip properties and high fuel efficiency should drive S-SBR demand.
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Global tire market was over 4 billion units in 2015 and is poised to surpass 6 billion units by 2024.
Rise in high quality tire demand along with favorable regulatory guidelines regarding tire labelling is likely to drive solution styrene butadiene rubber market size.
Shift in consumer preferences towards low CO2 emitting “Green Tires” should drive solution styrene butadiene rubber market size.
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Solution Styrene Butadiene Rubber Market size & forecast by product & application
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Growing solution styrene butadiene rubber application scope in polymer modification of cement and asphalt is likely to favor product demand. S-SBR polymer is incorporated in asphalt mixing process in asphalt mills in order to improve end product quality.
Positive indicator towards construction industry due to rapid industrialization and urbanization in China and India should fuel product demand over the forecasted timeframe.
North America, led by the U.S S-SBR market size, may grow significantly. Increasing synthetic rubber demand from automobile sector for tire manufacturing industry along with growing application scope in packaging, adhesives and construction industries may stimulate regional growth.
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Positive outlook towards footwear industry owing to availability of various international brand manufacturers should stimulate product demand in this region.
Global S-SBR market is moderately fragmented. Prominent players in this market are Asahi Kasie Corporation, Dow Chemical, Dynasol, Chi Mei Corporation, JSR, Lanxess. Sibur Holding JSC, Sumitomo Chemicals, Taiwan Synthetic Rubbers, China National Petroleum Market, Dynasol Elastomers and Styron.
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