Solution Styrene Butadiene Rubber (S-SBR) Market size may grow significantly over forecast timeframe owing to strong application scope in footwear, tires polymer modification and adhesives & sealants industries.
Increasing application outlook in tire manufacturing owing to better processability, excellent wear & grip properties and high fuel efficiency should drive S-SBR demand. Global tire market was over 4 billion units in 2015 and is poised to surpass 6 billion units by 2024. Rise in high quality tire demand along with favorable regulatory guidelines regarding tire labelling is likely to drive solution styrene butadiene rubber market size. Shift in consumer preferences towards low CO2 emitting “Green Tires” should drive solution styrene butadiene rubber market size
Global footwear industry market may exceed USD 375 billion with gains at overs 4% by 2024. Solution styrene butadiene rubber is a bio based synthetic rubber. S-SBR is prominently used in high performance sports footwear owing to high abrasion resistance, durability, and high quality. Most of the manufacturers are engaged in high quality shoes manufacturing accompanied with availability of efficient distribution network such as retail outlets and online shopping stores may drive industry growth thereby stimulating S-SBR market size.
Growing solution styrene butadiene rubber application scope in polymer modification of cement and asphalt is likely to favor product demand. S-SBR polymer is incorporated in asphalt mixing process in asphalt mills in order to improve end product quality. Positive indicator towards construction industry due to rapid industrialization and urbanization in China and India should fuel product demand over the forecasted timeframe.
S-SBR finds application in adhesives & sealant industry. Global adhesives and sealants market size may grow significantly at over 5.5%. It is extensively used for disposables, packaging, tapes & labels, lamination, paper coating and building & construction due to excellent thermal stability, low temperature performance, viscosity versatility and wide tackifier compatibility. Favorable regulatory guidelines by FDA and BGW regarding approval for food contact application along with increase in cost effective materials in pressure sensitive adhesives demand is likely to drive S-SBR market size.
Trinseo offers polymerized solution styrene butadiene rubber, under brand name SPRINTAN Rubber for high performance tires applications due to their low rolling, abrasion resistance, and wet grip. S-SBR are widely used in industrial high quality rubber goods manufacturing. This company is engaged in technological innovations which helps in manufacturing best rating tires, according to tire labeling.
North America, led by the U.S S-SBR market size, may grow significantly. Increasing synthetic rubber demand from automobile sector for tire manufacturing industry along with growing application scope in packaging, adhesives and construction industries may stimulate regional growth. Positive outlook towards footwear industry owing to availability of various international brand manufacturers should stimulate product demand in this region.
Europe S-SBR market size, driven by France, UK, Italy and Germany, may witness significant growth. Supporting government regulations regarding tire labelling along with additional guidelines mainly in regarding winter tire use in vehicles is likely to boost winter tire sales thereby driving industry growth. Increasing export opportunities in Asia Pacific region for European products owing to high quality compliance and labelling regulation is likely to boost product demand in this region.
Asia Pacific, led by India, Japan, South Korea and China S-SBR market size, may witness highest gains over the forecast timeframe. Rise in construction spending along with growth in automobiles sales should boost regional growth. China is one of the largest tire manufacturing country owing to low operating and labor cost thereby stimulating product demand in this region.
Fluctuating raw material costs due to volatile crude oil market price may deficit supply thereby challenging industry profitability and affecting S-SBR market price trend. However, many manufacturers are engaged in capacity expansion and new manufacturing facility development may drive solution styrene butadiene rubber market.
Global S-SBR market is moderately fragmented. Prominent players in this market are Asahi Kasie Corporation, Dow Chemical, Dynasol, Chi Mei Corporation, JSR, Lanxess. Sibur Holding JSC, Sumitomo Chemicals, Taiwan Synthetic Rubbers, China National Petroleum Market, Dynasol Elastomers and Styron.