Solution Styrene Butadiene Rubber (S-SBR) Market for Tire, Polymer Modification, Footwear & Others - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018

Albany, NY -- (SBWire) -- 04/06/2015 --Styrene butadiene rubber is a type of synthetic rubber which involves polymerization of butadiene along with styrene. The ratio in which both these substances are polymerized is 3:1. Styrene butadiene rubber is available in two types: as an emulsion (E-SBR) and as a solution (S-SBR). These two types depend on the type of element that is used for initiating the process of polymerization. While the solution form of styrene butadiene rubber uses the action of free radicals for initiating the polymerization process, the emulsion form makes use of alkyl lithium compound.

The global solution styrene butadiene rubber market in 2011 was valued at US$1135.2 million and by 2018, this market will report a market value worth US$2647.8 million. This market is anticipated to grow at a CAGR of 11.27% during the forecast period 2012-2018, thereby reaching a productive capacity of 1062 kilo tons by 2018, from 550 kilo tons in 2011. Factors such as an expanding global tire market, regulatory compliance, and a rapidly growing middle class population drive the global solution styrene butadiene rubber market.

Tire Manufacturing to Drive the Solution Styrene Butadiene Rubber Market in the Forthcoming Years

The global solution styrene butadiene rubber market is segmented on the basis of two main parameters which are application and geography. On the basis of application, the solution styrene butadiene rubber market is classified into adhesive and sealant, tire, polymer modification, footwear, and others.

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The segment for tire manufacturing mostly drives the overall solution styrene butadiene rubber market, since the tire industry is by far the largest consumer of solution styrene butadiene rubber. The surging demand for mobility can be attributed to factors such as the expanding global market for automobiles and rising disposable incomes. These factors have collectively given a significant boost to the overall automobiles market.

The ongoing trends in the solution styrene butadiene rubber market indicate that the demand for styrene butadiene rubber is way more than its supply, and this is one area that manufacturers need to work on. Earlier, E-SBR were the most extensively used form of styrene butadiene rubber in the tire market because of properties such as excellent physical strength and easy applicability of the same in the manufacturing process. This also enabled manufacturers to try out different grades of E-SBR without the need for changing the process.

Demand for S-SBR to Surpass the Demand for E-SBR Owing to Widespread Implementation of Tire Labeling Standards

Geographically, the global solution styrene butadiene rubber market is segmented into Asia Pacific, Europe, North America, and Rest of World. Due to the implementation of tire labeling regulations in regions such as Asia and the European Union, it is anticipated that the market for S-SBR will witness growth rate as compared to E-SBR market.

The production of tire treads requires S-SBR since it ensures excellent performance in terms of fuel economy, improved wet grip, and low degree of rolling resistance. This happens because of the structural variation that exists between E-SBR and S-SBR both in terms of MWD (Molecular Weight Distribution) and also their hysteresis properties. Such properties ensure improved wear resistance in the case of tires and also reduce the hysteresis losses.

More than 75% of the demand for S-SBR that is manufactured globally comes from the global tire market. The segments for polymer modification and footwear are one of the fastest growing segments in the overall solution styrene butadiene rubber market. In terms of production and consumption of S-SBR, Asia Pacific leads the global solution styrene butadiene rubber market.

Owing to capacity expansion and robust demand, Asia Pacific region will propel the solution styrene butadiene rubber market in the coming years. Few of the glaring restraints in this market include fluctuating prices of raw materials and heightened environmental concerns.

Some of the key market players in this market are SIBUR Holding JSC, TSRC, JSR Corporation, Sumitomo Chemicals, Tianjin Lugang Petroleum and Rubber, Asahi Kasei, and Versalis (Polimeri Europa).

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