Styrene Butadiene Rubber Market is Expected to Reach $16,110 Billion by 2019, at a CAGR of 3.3% From 2014 to 2019
FORT WORTH, Texas, March 19, 2015 /PRNewswire/ --
The global styrene butadiene rubber market is significantly penetrating their end-use industries. They have different characteristics as per their manufacturing and application requirements in the end products. The Asia-Pacific region is expected to dominate this market with its growing demand for styrene butadiene rubber in different applications, especially in the tire, footwear, and construction industry. The Asia-Pacific and North American markets are estimated to display rising growth in the next five years with the allied industries expected to stabilize the overall business needs in respective regions.
Browse through the TOC of styrene butadiene rubber market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Investments, acquisitions, expansions, research & developments, and new product launch is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of styrene butadiene rubber to match the new demands that come from various end-user industries. Styrene butadiene rubber with a concentration of 80% is dominant among all the grades of the polymers available, in terms of consumption and revenue, reasoned by its optimal cost to property.
Asia-Pacific is the largest region, both in terms of volume and value, followed by North America and Europe. The key players in the global styrene butadiene rubber market are The Dow Chemical Co. (U.S.), Lanxess AG (U.S.), Synthos S.A. (Poland), Goodyear Tire & Rubber Co. (U.S.), Ashland Inc. (U.S.), Nova Chemicals (Canada), Trinseo S.A. (U.S.), Versalis S.p.A. (Italy), Formosa Chemicals & Fibre Corporation (Taiwan), Kumho Petrochemical Co. Ltd. (South Korea), and others.
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The demand for styrene butadiene rubber, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The current market value of the global styrene butadiene rubber market (2013) is about $13,245 million that is estimated to reach $16,110 million by 2019, to grow at a CAGR of 3.3%, from 2014 to 2019. High demand across the industries, such as tire, footwear, construction, polymer modification, adhesives, and other industries will increase the overall styrene butadiene rubber consumption.
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