Thursday, 21 December 2017

Styrene Butadiene Rubber Market - Current Scenario and Forecast 2017-2021

MRC Announces the Publication of its Research Report – Global Styrene Butadiene Rubber Market 2017-2021
MRC recognizes the following companies as the key players in the global styrene butadiene rubber market: Asahi Kasei, Bridgestone, Exxon Mobil, LANXESS, and MICHELIN.
Other Prominent Vendors in the market are: China National Petroleum, China Petroleum & Chemical, GrupoDynasol, JSR, and The Goodyear Tire & Rubber.
Commenting on the report, an analyst from MRC’s team said: “One trend in the market is rising demand for bio-based feedstock. The use of bio-based feedstock in the production of synthetic rubber is one of the rising trends. The development of renewable chemicals for the production of rubber is growing rapidly on the grounds of achieving sustainability. High prices and indefinite supply of petroleum raw materials and natural rubber have stimulated the use of renewable feedstock for the production of synthetic rubber.”
According to the report, one driver in the market is increasing demand from the automotive industry. The automotive industry is one of the key end-user industries of SBR. The automotive sector holds the maximum share of the SBR market in terms of consumption. SBR is used extensively in the industry for the production of tires. An upsurge in the price of natural rubber has impelled tire manufacturers to widely replace the product with synthetic rubber, in which SBR is one of the least expensive products. Manufacturers depend more on synthetic rubber to enhance the quality of the products by increasing the tensile strength. Moreover, SBR exhibits strong durability and rolling resistance. It is primarily used for passenger car and motorcycle tires as it delivers good grip performances.
Further, the report states that one challenge in the market is fluctuating cost of raw materials. Constant fluctuations in the price of raw materials used in the production of SBR poses a major challenge to manufacturers of SBR. Naphtha and monomers, such as ethylene and propylene, the major raw materials production of SBR are manufactured from ethane and propane. The feedstocks, styrene and butadiene, are produced from crude oil sources. Styrene is produced by the dehydrogenation of ethylbenzene, a reaction product of ethylene and benzene, both of which are derivatives of petroleum. However, butadiene is entirely derived as a by-product of ethylene steam cracking of gas oil or naphtha feedstocks.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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