Global Synthetic Rubber Market – Segmentation Analysis and Forecast by Technavio

November 26, 2017

LONDON–(BUSINESS WIRE)–#Plastics–According to the latest market study released by Technavio,
the global synthetic rubber market is expected to grow at a CAGR of more
than 5% during the predicted period.

This research report titled ‘Global
Synthetic Rubber Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

Synthetic rubber is finding increased acceptance and popularity mainly
because of the unstable supply of natural rubber and its high price. The
extensive application of synthetic rubber in the automotive industry,
especially for manufacturing tires, makes it even more popular. The
rising number of vehicles and the increasing applications in the
non-tire segment are increasing the demand for synthetic rubber. It is
highly used in the construction sector, footwear, plastics, and also for
medical applications.

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Technavio’s analysts categorize the global synthetic rubber market into
six product segments:

Styrene butadiene rubber (SBR)
Butadiene rubber (BR)
Styrene block copolymer (SBC)
Ethylene propylenediene rubber (EPDM)
Nitrile rubber (NBR)
Others

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The top three segments of the global synthetic rubber market are
discussed below:

Global synthetic rubber market by SBR

SBR is the main product segment of the global synthetic rubber market.
It held a market share of more than 30% in 2016. SBR has styrene and
butadiene in the proportion of 3:1 by weight. It delivers high heat
durability, enhanced abrasion resistance, and better processability.

According to Ajay Adhikari, a lead plastic,
polymers, and elastomers research analyst from Technavio, “The
major applications of E-SBR include houseware mats, shoe soles and
heels, food container sealants, tires, conveyor belts, adhesives and
caulks, brake and clutch pads, hoses, military tank pads, molded rubber
goods, extruded gaskets, rubber toys, cable insulation and jacketing,
pharmaceutical, and food packaging.”

Global synthetic rubber market by BR

Polybutadiene is one of the earlier types of synthetic
rubber to be invented. It exhibits properties that are very similar
to natural rubber. It is highly used for applications that require
exposure to low temperatures. The diene polymer is produced from a
monomer that contains two carbon-carbon double bonds, especially
butadiene.

“Most polybutadienes are produced by a solution process with the help
of either a transition metal complex or an alkyl metal such as
butyllithium, which acts as a catalyst. The reaction is generally
carried out in solvents such as hexane, cyclohexane, or benzene because
the reaction can be very exothermic and explosive, especially with alkyl
lithium catalysts,” says Ajay.

Global synthetic rubber market by SBC

SBC belongs to TPE class and has a wide range of applications. The main
products of SBC include styrene-butadiene-styrene (SBS),
styrene-isoprene-styrene (SIS), and hydrogenated SBC (HSBC). They are
made by the ionic copolymerization of either styrene and butadiene or of
styrene and 2-methyl-1,3-butadiene.

SBC has a tensile strength higher than SBR but possesses only low heat
resistance. SBS and SIS are less strong than chemically crosslinked
elastomers and, therefore, do not recover as effectively from
deformation as vulcanized diene elastomers. They are widely used in
applications such as adhesives, footwear, sealants, and coatings.

The top vendors highlighted by Technavio’s research analysts in this
report are:

Asahi Kasei Corporation
Bridgestone
ExxonMobil
LANXESS
MICHELIN

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