ERJ staff report (BC)
Dublin – Styrenics consumption is estimated to be poised at 35m tonnes in 2013 and will grow by 4.81 percent annually till 2018, concludes a new report from Research and Markets.
The increasing demand for styrenics in Asia-Pacific, especially in China, and growth in end-user applications such as the automotive and construction industries, are key factors driving the global market according to the report.
The automotive industry is the major consumer of styrene butadiene rubber (SBR), particularly in tire manufacturing. Polystyrene (PS) is the polymer with the largest consumption, followed by acrylonitrile butadiene styrene (ABS), expanded polystyrene (EPS) and unsaturated polyester resin (UPR).
Asia-Pacific is driving the market, says the report, contributing more than 50 percent of the global demand.
Tire labelling regulations being adopted by a range of jurisdictions have led to an increased SBR demand worldwide. Other drivers cited include growth in wind energy applications for UPR.
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Further details from Research and Market