The Asia-Pacific Styrene Butadiene Rubber (SBR) Market is expected to grow significantly in the coming years owing to the growing automobile industry in the region.
The Asia-Pacific Styrene Butadiene rubber market is expected to reach a value of $7,945.1 million by 2019, estimated to grow at a CAGR of 4.5% from 2013 to 2019.
Browse through the TOC of Asia-Pacific Styrene Butadiene Rubber Market for an analysis of industry trends, segments and forecasts.
SBR is manufactured by the polymerization of butadiene with styrene in the ratio 3:1. There are two different processes of polymerization of styrene and butadiene to manufacture SBR. Depending on the element initiating the polymerization, SBR is commercially available as a solution (S-SBR) or as an emulsion (E-SBR).
The Asia-Pacific market is projected to reach a value of $7,945.1 million by 2019, at a CAGR of 4.5% from 2013 to 2019, as the Asia-Pacific region has a high rate of automobile growth and urbanization. The factors driving the SBR market in Asia-Pacific include the resistance of SBR to heat, aging, and abrasion; the growing automobile industry in the region; the growing footwear industry and its ever-changing trends; and the strong growth in the construction industry.
The application of the SBR market in Asia-Pacific includes tires, footwear, construction, adhesives and polymer modifications. China, Japan, India, Korea, and Taiwan are the key countries contributing to the growth of the SBR market in the Asia-Pacific region.
The key companies in this market are JSR Corporation (Tokyo), Shen Hua Chemical Industrial Company Limited (Beijing), Asahi Kasei Chemicals Corp. (Tokyo), and Jilin Petrochemicals Limited (Jilin), among various other companies in the region.
Global Styrene Butadiene Rubber (SBR) Market:
The global styrene butadiene rubber market along with its end products has witnessed linear growth in the past few years which is estimated to increase in the coming years. Styrene butadiene rubber is one of the basic organic chemical raw materials widely used in the tires, footwear, and construction industries. The quality, high efficiency, and environmental acceptability are some of the major features that create an upsurge in the demand for styrene butadiene rubber; the upcoming safety regulations & innovative techniques for its use will be the key influencing factors for the global styrene butadiene rubber market with an increased emphasis on different applications.
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