SBR rubber market to reach $ 23 billion globally by 2020

According to Grand View Research consultancy, market butadience global styrene rubber (SBR) will reach $ 23 billion by 2030.
Research and consulting firm based in the United States market, said, growing demand for SBR rubber in tire manufacturing operations are expected to support growth in the forecast period.

Tires is the largest field use SBR rubber, accounting for 73.5% SBR rubber consumption in 2013 global footwear production accounted for a small proportion, but is expected to grow significantly through the use of more and more in sports shoe production. Moreover, the price of natural rubber has increased enabling synthetic rubber such as SBR.

The application of the provisions on the labeling of tires in the EU, Japan and South Korea - a prerequisite for the production of "green tires" high quality - is predicted to stimulate S-SBR rubber.

EU regulations require all manufacturers to label tires tires for grip and water resistant surface. According to Grand View Research, the SBR rubber manufacturers, such as Lanxess AG production has shifted from E-SBR rubber to S-SBR rubber to meet the increasing demand of the tire manufacturers.

SBR rubber market globally reached 5.1224 million tons in 2013 and expected to grow at an annual growth rate of 6.1% dual / year from 2014 to 2020.

2013, Asia-Pacific is the largest market for SBR rubber, accounting for over 46% of global demand. Auto industry is growing in China, India and Japan are predicted to help increase demand for tires, and thereby promote SBR rubber market in the forecast period. In addition, Grand View Research also predicts China and India will adopt regulations for tire labeling regulations in accordance with the EU in 2015, the move is anticipated to have a positive impact on higher sales S-SBR latex in the future.

Europe is the largest market for 2 SBR rubber in 2013, with consumption of over 10 million tonnes. EU labeling rules, in effect since 2012, is expected to increase the demand for S-SBR rubber in the forecast period. Prediction tire production in Germany, Italy and France will increase in the coming years under the new regulations.

The world market is relatively uneven with 10 leading companies accounted for 65% market share in 2013, big companies are now focused on working together to offset the impact of fluctuations in raw material prices . Lanxess, Sinopec and CNPC are a few companies that specialize in manufacturing rubber E-SBR and S-SBR.