ACCORDING to a new market report published by Transparency Market Research, “Styrene Butadiene Rubber Market – Global Industry Analysis, Size, Share, Growth and Forecast, 2012 – 2018,” the global Styrene Butadiene Rubber (SBR) demand was 4,600 kilo tonnes in 2011 and is expected to reach 6,754.8 kilo tonnes in 2018, growing at a CAGR of 5.7% from 2012 to 2018.
By revenue, the market was valued at US$11.3 billion in 2011 and is expected to reach US$18.9 billion in 2018, growing at a CAGR of 7.1% from 2012 to 2018.
SBR, the most commonly used synthetic rubber, which accounts for over 45% of the global consumption. Tyre manufacturing is the single largest application segment for SBR and consumes over 75% of the SBR produced globally.
The growth in the SBR market is primarily driven by the increasing demand from the tyre manufacturing industry, which is the largest consumer of SBR. But volatility in the raw material prices are deterrent for the market to advance.
Apart from analyses on revenues and market drivers and restraints, the study provides a comprehensive view of the SBR market by segmenting the market based on its applications. Each of these segments is analysed by studying the current and future market scenarios, estimated for the forecast period. The demand has been forecast for North America, Europe, Asia Pacific and Rest of World.
The report also provides the consumption of SBR in various applications for China, India, Brazil, Japan, Germany and the US.
Asia's First E-Magazine for the Rubber Industry