ERJ staff report (LMH)
Dallas, Texas – The global styrenics market, including styrene butadiene rubber (SBR) and acrylonitrile butadiene styrene (ABS), will be worth $108.5 billion by 2018, according to a report from Markets and Markets.
The study, called "Styrenics Market - Polystyrene (Expanded, GPPS), Acrylonitrile Butadiene Styrene, SBR, UPR - Global Trends & Forecasts to 2018", said consumption is expected to grow by from an estimated 35 000 kilotonnes in 2013 to 44 000 kt in 2018, growing with a CAGR (compound annual growth rate) of 4.81% during the same period.
The paper indicates that tire labelling regulations are expanding the markets for SBR. It forecasts revenue of the global styrenics market and its various sub markets in the main global regions: Asia-Pacific, Europe, North America and rest of world.
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News release from Markets & Markets