Emulsion Styrene Butadiene Rubber Market

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EMULSION STYRENE BUTADIENE RUBBER MARKET
ANALYSIS

• Emulsion Styrene Butadiene Rubber Market, by
  Product Type (Cold E-SBR, Hot Polymers, High
  Styrene Masterbatch, and Others), by Application
  (Automotive Tires, Adhesives Sealants,
  Mechanical Goods, Industrial Rubber Parts
  (Hoses/Belts, Gaskets, and Seals), and Others),
  and by Region (North America, Latin America, Asia
  Pacific, Europe, Middle East, and Africa) - Size,
  Share, Outlook, and Opportunity Analysis, 2020
  2027

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Emulsion styrene butadiene rubber (E-SBR) is
widely utilized in polymer modification of
asphalt emulsions, which is used in the
production of micro-surfacing fix formulation and
hip seal. The stability in high temperature and
flexibility in low-temperature exhibited by the
polymers, which are modified using E-SBR is
expected to drive the global emulsion styrene
butadiene rubber market growth over the forecast
period. The global emulsion styrene butadiene
rubber market is estimated to reach US 8,380.3
million by the end of 2027, exhibiting a CAGR of
4.0, in terms of value over the forecast period,
owing to increasing demand for emulsion styrene
butadiene rubber from various end-use industries
such as automotive, construction, and
others.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.

• 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.
• The global emulsion styrene butadiene rubber
  market was valued at US 6,458.3 million in 2018,
  and is expected to exhibit a CAGR of 4.0, in
  terms of revenue over the forecast
  period (2019-2027).

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Figure 1. Global Emulsion Styrene Butadiene
Rubber Market Share (), By Region, 2018
Source Coherent Market Insights, 2018 Among
regions, Asia Pacific accounted for the largest
market share in 2018, owing to increasing
applications of E-SBR in manufacturing and
automotive industry. The increasing manufacturing
activities is expected to boost demand for E-SBR
in the region. For instance, according to the
World Bank data, in 2016, in China, the
manufacturing sector constituted 28.96 of the
countrys GDP, which increased and reached 29.41
in 2018.
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 Figure 2. Global Emulsion Styrene Butadiene
Rubber Market, Revenue Share (), By Product
Type, 2018
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• Source Coherent Market Insights, 2018
• Among product type, cold E-SBR segment accounted
  for the largest market share, in terms of revenue
  in the global emulsion styrene butadiene market.
  Cold E-SBRs can be manufactured at about 5C by
  free-radical emulsion polymerization of styrene
  and butadiene. Various advantages offered by Cold
  E-SBR is expected to drive demand for E-SBR over
  the forecast period. For instance, cold E-SBR
  have better resistance to abrasion, and also
  provides better tread wear, as compared to hot
  E-SBR. Apart from these properties, cold E-SBR
  exhibits superior mechanical properties such as
  tensile strength compared to grades manufactured
  by hot emulsion polymerization.
• Moreover, players operating in the global
  emulsion styrene butadiene rubber market are
  focused on adopting various growth strategies
  such as mergers acquisitions, in order to
  strengthen their market presence. For instance,
  in April 2018, TSRC (Taiwan Synthetic Rubber
  Corp.,) increased its shareholding in Indian
  Synthetic Rubber Private Ltd. (ISRPL) to 50.
  ISRPL is a joint venture of TSRC, Indian Oil
  Corporation, and Marubeni Corporation located in
  Haryana, India for manufacturing of E-SBR.  TSRC
  aims to expand its presence in India and South
  Asia region.
• Major players operating in the global emulsion
  styrene butadiene rubber market 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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