EMULSION STYRENE BUTADIENE RUBBER MARKET ANALYSIS

Market Challenges And Opportunities

Emulsion styrene butadiene rubber is produced by emulsion polymerization, initiated by free radicals. However, solution styrene butadiene rubber has narrower molecular weight distribution and higher molecular weight, compared to emulsion styrene butadiene rubber. Furthermore, solution styrene butadiene rubber offers benefits such as high tensile strength, high resilience, and high resistance to abrasion and fatigue. These properties and various applications of solution styrene butadiene rubber are the factors that are expected to hamper growth of the global emulsion styrene butadiene rubber market growth during the forecast period.

Emulsion styrene butadiene rubber is used on a large scale for manufacturing automotive tires and gaskets, among others. Moreover, growth in the automotive industry is expected to drive demand for tires, gasket, and others, which is in turn expected to boost growth of the E-SBR market. For instance, according to the International Organization of Motor Vehicle Manufacturers (OCIA), the total number of vehicles manufactured, globally in 2017 was 97,302,534 units, which is 2.45% more than the number of vehicles manufactured in 2016. Furthermore, according to the China Association of Automobile Manufacturers (CAAM) and Society of Indian Automobile Manufacturers (SIAM), in 2016, sales of cars in China stood at 28.03 million units and 3.00 million units in India. Moreover, the CAAM also stated that automobile sales in China grew by 5% to reach 29.4 million units in 2017. The increase in sales can be attributed to the favorable sales tax, which was cut from 10% to 5% in 2015. Therefore, rising units of vehicles produced every year is expected to drive demand for E-SBR automotive tires during the forecast period, thereby expected to drive the market growth over the forecast period.