Styrene Butadiene Rubber (SBR) Market Growing Production and Revenue 2018 to 2025
PUNE, India, August 27, 2018 /PRNewswire-iReach/ -- Global Styrene Butadiene Rubber (SBR) Market Study 2018 to 2025
This market study describes the global SBR market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Poland, Czech Republic, Turkey, China, Japan, India, South Korea, Taiwan, Indonesia, Thailand, Malaysia, Singapore, Brazil, South Africa and Saudi Arabia.
The market is segmented mainly according to the applications, namely Tire and Tire Products, Mechanical Products, Footwear, Adhesives and others.
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Top Leading Companies are: Sibur, LANXESS, Sinopec, Bridgestone, Lion Elastomer, JSR Corporation, Other Manufacturers, Etc.
The report provides answers to the following key questions:
- How big is the Styrene Butadiene Rubber (SBR) market?
- How is the market evolving by demand, segment and region?
- What will the market size be in 2025 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Historical and future price trends for Styrene Butadiene Rubber (SBR).
This independent 150 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Styrene Butadiene Rubber (SBR) market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.
Furthermore, the report provides a detailed analysis of the global Styrene Butadiene Rubber (SBR) market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
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Styrene butadiene Rubber (SBR) is derived from Styrene and Butadiene Monomers through copolymerization and accounts for the largest segment in the synthetic rubber market. The world SBR market is expected to grow annually at less than 3% in the long-term forecast. SBR has better heat, weather and chemical resistance as compared to natural rubber. At present SBR is made by two available technologies, namely emulsion polymerisation (e-SBR) and solution polymerisation (s-SBR). Both technologies produce SBR with distinctive characteristics and properties. SBR serves end-use industries such as Tire, Mechanical Products, Footwear, Adhesives and others.
The solution grade SBR is expected to witness faster growth as compared to emulsion grade as the solution grade of SBR can easily meet the stringent specifications of tire and automotive industry. The demand for SBR was significantly affected by the global economic recession, where the demand from all the major end-user industry declined especially the tire & automotive sector, the largest outlet for SBR. The growth in the automotive industry and increase in trend of using electrical vehicles in the developing countries is lileky to push the demand growth of SBR in the mid-term forecast.
Electric vehicles have been a major area of development in the automotive industry since the last decade. EVs and HEV’s have been gaining importance and increasing their market share at a decent pace, with the high cost of batteries being the only key restraining factor. The key companies present in the automotive industry include Toyota, Tesla, BMW, Volkswagen, and Mercedes, Volvo, Ford, Mitsubishi, General Motors and Renault-Nissan, all of whom have been successful in developing and optimizing their own hybrid and electric models for improved performance and efficiency. China is the largest automotive market globally and is expected to increase the production of electric and hybrid vehicles. Volvo and Tesla Mottos recently announced to set up an electric vehicle manufacturing facility in China. India has set a goal to replace all gasoline vehicles by 2030. The Government is looking at providing incentives like lower taxes and interest rate on loans for consumers buying electric vehicles are opposed to that of conventional vehicles.
More electrical systems are being incorporated into each new generation of motor vehicle to ensure greater passenger comfort and safety. These include automatic window systems, electronic seat adjustment, climate control systems, navigation systems and in-car entertainment. Electrical systems make extensive use of. Growth in production of automobiles and initiatives taken by original equipment manufacturers to reduce weight of the vehicles will further drive the demand of POM in the long-term forecast.
Growing purchasing power in the developing economies is seen as a key driver of demand for synthetic rubbers like SBR. The economy in Asia-Pacific has been thriving on account of the advancements witnessed in the automobiles, mechanical products, footwear, adhesives and others.
The market growth for SBR is a result of demand from various end-user industrial sectors especially the tire and the automotive industry which in turn depends on various economic factors micro as well as macro-economic factors affecting those end-user industries. For instance, in 2008 -2009, the global economy faced a severe economic downturn which affected the Western Europe and USA more than the Asia-Pacific. The economic activities and demand for industrial goods and services slowed down. This resulted in a significant fall in the GDP of all major countries, exerting downward pressure on the global business cycle. The SBR industry has witnessed fluctuations in the last few years as it is used in highly cyclical applications such as tire & automotive manufacturing, Due to the recession of 2008, there was a drop in tire output, resulting in a decline in the demand for SBR.
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