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Emulsion Styrene Butadiene Elastomer Market to attain an impressive growth rate over 2019-2024

Author : Rahul Varpe | Published Date : 2019-03-22 

Global Emulsion Styrene Butadiene Elastomer Market may show significant gains over projected period owing to increase in application scope in tire, construction, footwear, polymer modification and adhesives industries. 

Strong application scope in tire due to ease of production and good physical strength should drive emulsion styrene butadiene elastomer market size. Most of the manufacturers mainly uses it for light truck, trucks and car tires production. Global tire consumption was valued at over 4 billion units in 2015 and may exceed over 6 billion units by 2024. Positive outlook towards automobile industry mainly in Brazil, India and China along with availability of various E – SBR grades should stimulate product demand.

Global automotive industry may surpass USD 3.5 billion with growth at over 4% by 2024. Strong application scope in automotive industry for sidewalls, tire treads, carcass, beam, retread, racing tires and mats should favor product demand. Increasing automotive production along with strong government spending should drive automotive industry thereby stimulating emulsion styrene butadiene elastomer market size.  Presence of major automotive industries in France and Germany should favor industry growth.

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It is used in various other applications such as hard rubber goods, cove base, sponge, wire & cable, gasket mechanical goods, rolls, belts and floor tiles. Downstream application of emulsion styrene butadiene elastomers is found in sealants, chewing gums, conveyer belts and cable insulation.

North America, led by the U.S. emulsion styrene butadiene elastomer market size may witness steady growth. Rise in tire manufacturers along with increasing R&D spending  should drive regional growth. Increasing E-SBR demand in adhesives and footwear industries may favor product demand in this region.

Europe, driven by Italy, UK, France and Germany emulsion styrene butadiene elastomer market size may register gains owing to favorable government regulations. Positive indicator in infrastructure spending along with rise in adhesives and construction sectors may stimulate regional growth. Growing footwear sales owing to rise in better shoe quality and various industrial manufacturers may boost regional demand.

Asia Pacific, led by Japan, South Korea, India, and China emulsion styrene butadiene elastomer market size may show significant growth and has largest E-SBR consumption. Increasing automotive sector may influence tire market demand. Rising high performance tires along with new regulations regarding labelling mainly in China may favor regional industry.
E-SBR is produced from emulsion copolymerization technique, which joins approximately 23.5% styrene and 76.5% butadiene molecules in copolymer chains. South Korea and China are the biggest butadiene consumers. Fluctuating raw material costs may restrain supply demand deficit and affect emulsion styrene butadiene elastomer market price trend.

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However, shift in consumer preference towards solution styrene butadiene elastomers owing to high efficiency and performance may drive industry growth. Rising bio based product demand along with increasing awareness towards green tire concept due to stringent regulations by EU commission may challenge industry profitability.
Global emulsion styrene butadiene elastomer market share is fragmented. Prominent players operating in this industry are Michelin, Lanxess, Sinopec, Goodyear Tire and Rubber company, CNPC and Zeon. Other players in this market are Dynasol Elastomers, Polimeri Europa, JSR, Asahi Keisi Chemicals, Styron Trinseo and Korea Kumho Petrochemicals Company.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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