Styrene butadiene rubber (SBR) derivatives are of great use in automotive and industrial applications. It is estimated that the SBR market, from a moderate CAGR growth of 4.3%,will value at over US$8.2 billion by 2026.
Robust growth in the global automotive industry will bolster SBR sales centered around the production of automotive tyres – SBR emulsions and solutions will record the highest growth in tyre applications. However, is has been projected that the demand for SBR solutions will be higher than SBR emulsions, and so more than US$5.7 billions’ worth is expected to be sold in the global market and by end-2026, the overall SBR sales in automotive tyre applications should amount to some US$5.8 billion in revenue.
Meanwhile, on the environmental front, production of SBR is strictly regulated and companies must comply to set standards by environmental protection agencies worldwide, such as recycling and open dumping, thus, manufacturers are forced to review and constrain their production in the face of growing demands. Despite the restraint, companies such as Asahi Kasei, Lanxess, Polimeri Europa, Sinopec, and Lion Elastomers are expected to power the expansion of the global SBR market.
Future Market Insights (FMI), who provided the analysis for the forecast period of 2017-2026, reports that the booming automotive industry in APEJ will drive SBR sales in this region, as the APEJ market expands at a CAGR of 4.6%. Similarly, the SBR demand will remain high from parts of Europe, North America, the Middle East, and Africa.