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Global Styrene Butadiene Market to Expand with Growing Tire Manufacturing Activity

Press release Description

Albany, New York, October 23, 2015: Market Research Reports Search Engine (MRRSE) has added a new report to its repository. The report, titled “Styrene Butadiene Rubber (E-SBR And S-SBR) Market – Global Industry Analysis, Size, Share, Growth And Forecast 2012 – 2018”, gives an in-depth insight into the various elements of the market that are shaping it. The report offers an analysis of strengths, weaknesses, opportunities, and threats using the SWOT analysis method in an effort to provide its readers better clarity. The report also uses a Porter’s five forces analysis to determine the threat of new entrants, threat of substitute products or services, bargaining power of customers, bargaining power of suppliers, and intensity of competitive rivalry.

Styrene butadiene rubber (SBR), also known as styrene butadiene (SB), is a type of synthetic rubber made out of styrene and butadiene. There are about 200 types of synthetic rubbers, out of which styrene butadiene rubber is the most consumed. Other types of synthetic rubber that are used on a regular basis are acrylonitrile butadiene rubber (NBR), polybutadiene rubber (BR), and ethylene propylene diene monomer (EPDM).

The global styrene butadiene rubber market has been segmented on the basis of application and region. The application of styrene butadiene rubber is seen in making tires and footwear, construction, polymer modification, adhesives, and others. Regionally, the global styrene butadiene rubber market is divided into North America, Europe, Asia Pacific, and Rest of the World.

According to expert research analysts, the global styrene butadiene rubber market is expected to grow at a steady CAGR of 5.7% from 2012 to 2018. This growth rate will mainly be influenced by the tire making industry, which consumes styrene butadiene rubber in mammoth proportions. In addition to this, the growing automobile industry, especially in emerging economies, is also likely to make an indirect contribution to this market, as it demands tires in growing quantities. The tire labeling regulations in regions such as South Korea, Japan, and the European Union have also led to the growing demand for styrene butadiene rubber in the tire manufacturing industry. The only inhibitor on the global styrene butadiene prices is the volatility of butadiene prices.

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The reports gives an explanation of the competitive landscape of the global styrene butadiene rubber market by profiling some of the key players. The companies studied in this research report are China National Petroleum Corporation (CNPC), Lanxess, Dow Chemicals, Sinopec, Asahi Kasei, Synthos S.A., and Versalis. The chapter on company profiles includes an overview, list of their products and services, an insight into their investment plans, business and marketing strategies, and an outlook for the future. The report offers a microscopic view of every facet of the global styrene butadiene rubber market for the readers, policy makers, government officials, and market enthusiasts.

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