GLOBAL EMULSION STYRENE-BUTADIENE RUBBER MARKET FORECAST WITH A CAGR OF 4 PERCENT THROUGH 2027

GLOBAL EMULSION STYRENE-BUTADIENE RUBBER MARKET FORECAST WITH A CAGR OF 4 PERCENT THROUGH 2027 




The global emulsion styrene-butadiene rubber market was valued at US$ 6,458.3 Mn in 2018, and is expected to exhibit a CAGR of 4.0% over the forecast period (2019-2027), in terms of revenue according to Coherent Market Insights. The emulsion styrene-butadiene rubber market is expected to witness significant growth over the forecast period, owing to the growing construction industry. E-SBR is used in the production of adhesives & sealants, which are utilized in the construction industry. For instance, according to the Global Construction Perspectives and Oxford Economics, the global construction industry is expected to increase to US$ 15.5 trillion by the end of 2030, led by three countries including China, U.S., and India. Moreover, according to the same source, the construction market in India will grow almost twice as China by 2030. Among regions, Asia Pacific accounted for the largest market share, in terms of revenue, in the global emulsion styrene-butadiene rubber, in 2018. Moreover, Asia Pacific is expected to witness significant growth in the E-SBR market over the forecast period, owing to increasing applications of E-SBR in manufacturing and automotive industry. Significant growth in the automotive industry in emerging economies of the region such as China and India is expected to fuel demand for E-SBR in the region. For instance, according to the U.S. International Trade Organization (ITA) 2017, China was the world's largest vehicle market, reporting sales of over 28 million units in 2016, which is expected to reach 35 million units by 2025. Key companies operating in the global emulsion styrene-butadiene rubber include: Arlanxeo, China Petroleum & Chemical Corporation (SINOPEC), Indian Synthetic Rubber Ltd. (ISRL), JSR Corporation, Kumho Petrochemical Co., Ltd., LG Chem. Ltd., PetroChina Company Ltd., Reliance Industries Ltd., Sibur Petrochemical Company, Synthos, Taiwan Synthetic Rubber Corporation (TSRC), Trinseo, Versalis S.p.A. (Eni), and ZEON Corporation.

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