Bulgaria, August 01,2019- The European styrene butadiene rubber (SBR) market was equal to 1.067 million tons in 2013. The largest country market within the region was Italy, which in 2013 accounted for a share of 14% of the total in volume terms. Until 2023, the European market is forecast to reach around 1.2 million tons, thus growing at a CAGR of about 0.7% per annum in the period 2018-2023. This is a slight slowdown, compared to the growth at a CAGR of around 1.3% per year, registered in 2013-2017.

The European production of styrene butadiene rubber (SBR) is likely to grow to around 1.4 million tons in the medium term. Upward dynamics of the overall installed production capacities in the region are also expected. However, their annual average utilization rates are projected to stay flat. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing moderately upwards dynamics in the medium term.

Due to the large amount of SBR, which goes for the manufacture of tires and tire products, SBR consumption is highly dependent on the automotive industry and tire sectors as a whole. One of the major trends on the SBR market is linked with the introduction of tire labeling standards in the automotive industry. The introduction of a tire label in the EU has prompted a series of research initiatives into advanced materials, which led to more advanced S-SBR technology. Another emerging trend on the SBR market is connected with sustainability and environmental concerns, which lead to development of bio-based products and in particular bio-rubber by using bio-butadiene (bio-BD).

Merger and acquisition activity has been robust in the chemical industry during the past few years. Although, the consolidation trend has been stable even in uncertain times, the number of global chemical merger and acquisition deals is decreasing. Particularly on the styrene butadiene rubber market, there has been interest in corporate restructurings. For instance, in the first half of 2018, Synthomer Plc, a specialty chemicals company, announced the successful 30 million EUR purchase of the BASF Austrian styrene butadiene rubber business and assets. The paper dispersions business produces styrene butadiene rubber used in the paper packaging industry.

The insights are from a recently published report about the European styrene butadiene rubber (SBR) market. As an overall, the report presents a strategic analysis of the styrene butadiene rubber (SBR) market in Europe and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.

The research report has been prepared using the unique Williams and Marshall Strategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.

The report includes information on the following companies:

• Ineos Styrolution;

• Synthos Kralupy;

• Total Petrochemicals;

• Basf;

• Ineos Styrenics;

• Trinseo;

• Versalis;

• Synthos Dwory;

• Repsol Quimica.