Global Styrene Butadiene Rubber (E-SBR and S-SBR) Market – Overview
In recent years, with the growing demand from the tire production industry, the demand for styrene butadiene rubber (E-SBR and S-SBR) market is on its peak. Improved sales of automobile in several key nations has further helped in the development of the global market.
Global Styrene Butadiene Rubber (E-SBR and S-SBR) Market – Notable Developments
The overall vendor landscape of the global styrene butadiene rubber (E-SBR and S-SBR) market is fragmented in nature with eight main companies accounting for a larger share. The companies in the global market concentrating on the nature of product and also on the raw materials that are on offer. The companies in the petrochemical sector, generally, are more capable of processing materials in large quantities. This has given them a considerable advantage over their natural rubber counterparts.
- In July 2018, Synthos SA announced that the company is planning to develop a new installation for the manufacturing of XPS with yearly production capacity of around 220,000 cubic meter.
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Global Styrene Butadiene Rubber (E-SBR and S-SBR) Market – Drivers and Restraints
There are several factors that are influencing the overall development of the global styrene butadiene rubber (E-SBR and S-SBR) market. One of the biggest driving factor for market growth has been the flourishing tire manufacturing industry. Rise in the sales of automobiles across has directly impacted the demand for tires and thus ultimately helped in development of the global styrene butadiene rubber (E-SBR and S-SBR) market. This type of rubber is the most commonly used form of rubber and accounts for nearly half of the consumption across the globe. In addition to this, flourishing footwear sector and the construction industry are some of the other key factors contributing to the overall growth of the global styrene butadiene rubber (E-SBR and S-SBR) market.
However, there are some factors that are impeding the growth of the global styrene butadiene rubber (E-SBR and S-SBR) market and may stop it from reaching its full potential. One of the key restraining factor for the market is the volatile prices of raw materials, particularly butadiene. These fluctuating prices pose a considerable threat to the production of styrene butadiene rubber (E-SBR and S-SBR). In addition to this, there are limited supplies of natural rubber which further complicates that situation for the growth of the global market.
However, this has created a considerable cross-over opportunity for the SBR market. It is expected that in the near future the demand is projected to shift towards S-SBR and E-SBR. The leading manufacturers in the global styrene butadiene rubber (E-SBR and S-SBR) market have already started expanding and installing S-SBR plants in order to gain competitive advantage over their rivals.
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Global Styrene Butadiene Rubber (E-SBR and S-SBR) Market – Geographical Outlook
The global market for styrene butadiene rubber (E-SBR and S-SBR) is divided into five main regional segments. These regions are North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these, currently the global market is being dominated by the regional segment of Asia Pacific. The market is then followed by the regions of Europe and North America. In the coming years of the forecast period, the regional segment of Asia Pacific is expected to remain dominant. The growth of the market is primarily attributed to the flourishing automobile industry in China and India which will keep the demand for tires high. Naturally, the regional market will experience a high demand and it is also the fastest developing market in coming years.
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