Emulsion Styrene Butadiene Elastomer Market trends research and projections for 2017- 2024

Global Emulsion Styrene Butadiene Elastomer Market may show significant gains over projected period owing to increase in application scope in tire, construction, footwear, polymer modification and adhesives industries. 

Strong application scope in tire due to ease of production and good physical strength should drive emulsion styrene butadiene elastomer market size. Most of the manufacturers mainly uses it for light truck, trucks and car tires production. Global tire consumption was valued at over 4 billion units in 2015 and may exceed over 6 billion units by 2024. Positive outlook towards automobile industry mainly in Brazil, India and China along with availability of various E – SBR grades should stimulate product demand.

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Growing E-SBR application scope in caulking compounds, sprayables and adhesives for paper packaging, cardboard sealing, carpet backing and pressure sensitive products manufacturing owing to excellent tack and bonding is likely to favor product demand. Global adhesives and sealants market share is poised to exceed USD 65 billion and registering gains at over 4% by 2024. Strong application scope in construction, automobile, and packaging industries should drive industry growth. Technological innovation with extensive usage of these products may drive product demand.

Emulsion styrene butadiene elastomer are synthetic replacements for natural rubbers. Its key properties include high elasticity, resistance to crack, abrasion, better ageing low cost and availability making them suitable for soles, insoles cutting boards and heals manufacturing in footwear industry. Global footwear industry may surpass USD 375 billion with gains at over 6%. Rise in durable and comfortable shoes demand along with increase in fashion trends should drive industry growth in footwear applications.

It is used in various other applications such as hard rubber goods, cove base, sponge, wire & cable, gasket mechanical goods, rolls, belts and floor tiles. Downstream application of emulsion styrene butadiene elastomers is found in sealants, chewing gums, conveyer belts and cable insulation. 

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Global automotive industry may surpass USD 3.5 billion with growth at over 4% by 2024. Strong application scope in automotive industry for sidewalls, tire treads, carcass, beam, retread, racing tires and mats should favor product demand. Increasing automotive production along with strong government spending should drive automotive industry thereby stimulating emulsion styrene butadiene elastomer market size.  Presence of major automotive industries in France and Germany should favor industry growth.

Europe, driven by Italy, UK, France and Germany emulsion styrene butadiene elastomer market size may register gains owing to favorable government regulations. Positive indicator in infrastructure spending along with rise in adhesives and construction sectors may stimulate regional growth. Growing footwear sales owing to rise in better shoe quality and various industrial manufacturers may boost regional demand. 

Asia Pacific, led by Japan, South Korea, India, and China emulsion styrene butadiene elastomer market size may show significant growth and has largest E-SBR consumption. Increasing automotive sector may influence tire market demand. Rising high performance tires along with new regulations regarding labelling mainly in China may favor regional industry.

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However, shift in consumer preference towards solution styrene butadiene elastomers owing to high efficiency and performance may drive industry growth. Rising bio based product demand along with increasing awareness towards green tire concept due to stringent regulations by EU commission may challenge industry profitability.

Global emulsion styrene butadiene elastomer market share is fragmented. Prominent players operating in this industry are Michelin, Lanxess, Sinopec, Goodyear Tire and Rubber company, CNPC and Zeon. Other players in this market are Dynasol Elastomers, Polimeri Europa, JSR, Asahi Keisi Chemicals, Styron Trinseo and Korea Kumho Petrochemicals Company. 

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