Styrene Butadiene Rubber (SBR) Market Analysis By Product (E-SBR, S-SBR), By Application And Segment Forecasts, 2014 - 2025
The global styrene butadiene rubber (SBR) market is expected to reach USD 9.9 billion by 2025, according to a new report by Radiant insights, 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.
Download full research Report @ http://www.radiantinsights.com/research/styrene-butadiene-rubber-sbr-market
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
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/styrene-butadiene-rubber-sbr-market/request-sample
Table of Contents
Chapter 1. Methodology And Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Styrene Butadiene Rubber Market Variables, Trends & Scope
3.1. Market segmentation& scope
3.2. Penetration & growth prospect mapping
3.3. Styrene Butadiene Rubber Market Value Chain Analysis
3.4. Raw Materials Trend
3.4.1. Styrene
3.4.2. Butadiene
3.5. Technology Framework
3.6. Regulatory Framework
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.1.1. Global tire market growth
3.7.1.2. Natural rubber creating crossover opportunity for styrene butadiene rubber
Browse all Report of this category @ http://www.radiantinsights.com/catalog/chemicals
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
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.
Download full research Report @ http://www.radiantinsights.com/research/styrene-butadiene-rubber-sbr-market
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
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/styrene-butadiene-rubber-sbr-market/request-sample
Table of Contents
Chapter 1. Methodology And Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Styrene Butadiene Rubber Market Variables, Trends & Scope
3.1. Market segmentation& scope
3.2. Penetration & growth prospect mapping
3.3. Styrene Butadiene Rubber Market Value Chain Analysis
3.4. Raw Materials Trend
3.4.1. Styrene
3.4.2. Butadiene
3.5. Technology Framework
3.6. Regulatory Framework
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.1.1. Global tire market growth
3.7.1.2. Natural rubber creating crossover opportunity for styrene butadiene rubber
Browse all Report of this category @ http://www.radiantinsights.com/catalog/chemicals
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
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