ERJ staff report (BC)
Albany, New York - According to a new market report published by Transparency Market Research (TMR) "Styrene Butadiene Rubber (SBR) Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012-2018," global demand for SBR was 4,600 ktonne in 2011 and is expected to reach 6,750 ktonne in 2018, with a compound annual growth rate (CAGR) of 5.7% from 2012 to 2018.
In terms of revenue, TMR values the market at USD 11.3 billion in 2011, expecting it to reach USD 18.9bn in 2018; a CAGR of 7.1% from 2012 to 2018.
TMR attributes growth in the SBR market primarily to increasing demand from the tire manufacturing industry, which is the largest consumer of SBR.
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