The global market for SBR is expected to reach USD 23,144.3 billion by 2020, according to a new study by Grand View Research, Inc.

1. Grand View Research
Market Research & Consulting
Styrene Butadiene Rubber (SBR)
Market Analysis, Size, Share, Growth, Trends
and Segment Forecasts to 2020
The global market for SBR is expected to reach USD 23,144.3 billion by 2020,
according to a new study by Grand View Research, Inc. Increasing demand for SBR
in tire manufacturing is expected to support the growth of this market over
forecast period. The automobile industry has witnessed significant growth over
the past couple of years, resulting in increased demand for tires which in turn has
boosted the demand for synthetic rubbers such as SBR. Tire was the single largest
application segment for SBR market accounting for 73.5% of global consumption
in 2013. Footwear was a small application segment in 2013, however is expected
to witness significant growth over the forecast period on account of superior
performance offered by SBR in sport shoe soles. In addition, the increasing price
of natural rubber has created a crossover opportunity for synthetic rubbers such
as SBR.
The implementation of tire labeling regulation in countries of EU, Japan and
Korea, which is a prerequisite for manufacturing of high grade ‘Green Tires’, is
expected to augment S-SBR demand,. EU regulations have made it mandatory for
all manufacturers to label their tire for wet grip and rolling resistance. In order to
have high grade of tire, S-SBR along with Nd-PBR filler is a key requirement.
Certain SBR manufacturers such as Lanxess have converted their E-SBR plants to
S-SBR in order to meet the growing demand from the tire manufacturers.

2. Grand View Research
SBR market volume share, by application, 2013
View summary of "Styrene Butadiene Rubber (SBR) Market " @
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rubber-industry

3. Grand View Research
Further key findings from the study suggest:
 The global SBR market was 5,122.4 kilo tons in 2013 and is expected to
grow at a CAGR of 6.1% from 2014 to 2020.
 Asia Pacific was the largest consumer of SBR in 2013, accounting for over
46% of global demand. The growing automobile industry in China, India and
Japan is expected to boost the demand for tires which in turn is expected to
drive the SBR market over the forecast period. In addition, it is expected
that China and India would implement tire labeling regulations in line with
the EU regulations by 2015, which is expected to have a positive impact on
S-SBR sales in near future.
 Europe was the second largest consumer of SBR in 2013, with consumption
exceeding 1,000 kilo tons. EU labeling regulations which came into effect
from 2012 are expected to augment the demand for S-SBR over the
forecast period. Germany, Italy and France are expected to witness
increased tire production in the next couple of years in light of the new
regulations.
 The global market is fragmented, with top ten companies accounting for
less than 65% of the market in 2013. Major companies have been focusing
on integration in order to offset the effect of variable raw material prices.
Lanxess, Sinopec and CNPC are some of the company’s manufacturing E-
SBR and S-SBR.
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rubber-industry/request

4. Grand View Research
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed business
decisions, the company offers market intelligence studies ensuring relevant and
fact-based research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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