EMULSION STYRENE BUTADIENE RUBBER MARKET ANALYSIS
Key Takeaways from Analyst
The global emulsion styrene butadiene rubber market is expected to remain positive over the forecast period. Growth in the automotive sector along with increasing demand for tires and industrial rubber goods will drive the demand for ESBR. In developing nations, higher vehicle production and sales are expected to boost the market growth. ESBR finds wide usage in automotive tires owing to its properties of good traction, great wear resistance and lower rolling resistance. This makes it a preferred choice in tire manufacturing.
Opportunities lie in the growing replacement market for tires in developing countries where vehicle fleet is aging rapidly. Rising use of ESBR in footwear and industrial rubber products also provides prospects The Asia Pacific region, led by China and India, will likely dominate the global ESBR industry over the next few years owing to increasing local vehicle manufacturing and sales in these markets.
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