The market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The price for each of the materials mentioned in the report has been considered, and customized product pricing has not been included.
Albany, NY -- (SBWIRE) -- 02/15/2016 -- The growth in the S-SBR market is primarily driven by the increasing demand from the tire manufacturing industry, which is the largest consumer of S-SBR. The growing automobile market has been a major factor contributing to the growth of S-SBR. In addition, tire labeling regulations in countries such as Japan, Korea and the European Union have created huge demand for solution S-SBR.
Growing disposable income has resulted in increased need for mobility that has been a major driver for the growth of the automobile market. However, the volatility in raw material prices, especially butadiene prices, has been a major inhibitor for the market.
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The demand for S-SBR from the tire industry was 424.16 kilo tons in 2011 and is expected to witness double-digit growth rate over the next five years. In terms of revenue, the market was valued at USD 1,135.2 million in 2011 and is expected to reach USD 2,647.8 million in 2018.
Estimates suggest that S-SBR would grow at twice the pace as compared to E-SBR owing to the tire labeling regulations across various regions such as the European Union (EU) and Asia (Japan, South Korea). S-SBR is used for manufacturing tire treads and offers superior performance in terms of low rolling resistance, better-wet grip and superior fuel economy. This is achieved due to the structural difference between S-SBR and E-SBR in terms of their hysteresis behavior and molecular weight distribution (MWD). These properties result in lower hysteresis losses and better wear resistance for tires.
Over 75% of S-SBR produced globally is consumed by the tire industry. Tire is the largest application segment for S-SBR and is a major driver for the market. Apart from tires, footwear and polymer modification are two of the fastest growing application segments of the S-SBR market. The Asia Pacific region is the largest producer and consumer of S-SBR and is expected to drive the market in the future due to its robust demand and capacity expansion.
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