SBR demand in India stood at
269 thousand tonnes in 2018 and is projected to grow at a CAGR of 7.18% during
2019-2030 to reach 622 thousand tonnes by 2030. Increasing use of SBR in the
production of HCVs, LCVs, passenger cars, belting conveyors and molded goods
due to its durability and ability to reduce shrinkage and increase flexibility is
the key factor aiding demand for SBR. Compared to natural rubber, SBR has
better properties such as processability, heat-aging and abrasion resistance. Moreover,
increasing SBR use across various applications such as polymer modification,
rubber cutting boards, water proofing system, flooring, wire, cable insulation, binder
in lithium-ion battery electrodes and binder & sealant in building are
anticipated to drive the demand for SBR during 2019-2030.
Years Considered for this Report:
Historical Years: 2013 – 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020 – 2030
Objective of the Study:
·
The primary objective of the study was to evaluate and forecast SBR capacity, production, demand,
inventory, and demand – supply gap in India.
·
To categorize SBR demand based on type,
grade, end use, region and sales channel.
·
To study trade dynamics and company
share in India SBR market.
·
To identify major customers of SBR in India.
·
To evaluate and forecast SBR pricing by
grade in India.
·
To identify and profile major companies operating
in India SBR market.
·
To identify major news, deals and
expansion plans in India SBR market.
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Report Scope:
In this report, India SBR market has been segmented into
following categories:
Some of the major players operating in India SBR
market are Reliance Industries Limited, Indian Oil Corporation Limited, etc.
To extract data for India SBR
market, primary research surveys were conducted with SBR manufacturers,
suppliers, distributors, wholesalers and end users. While interviewing, the
respondents were also inquired about their competitors. Through this technique,
TechSci Research was able to include manufacturers that could not be identified
due to the limitations of secondary research. Moreover, TechSci Research
analyzed various end user segments and projected a positive outlook for India
SBR market over the coming years.
TechSci Research calculated SBR
demand in India by analyzing the historical data and demand forecast was
carried out considering styrene and crude oil prices. TechSci Research sourced these
values from industry experts and company representatives and externally validated
through analyzing historical
sales data of respective manufacturers to arrive at the overall market size.
Various secondary sources such as company websites, association reports, annual
reports, etc., were also studied by TechSci Research.
Key
Target Audience:
·
SBR manufacturers and other stakeholders
·
Organizations,
forums and alliances related to SBR distribution
·
Government bodies such as regulating
authorities and policy makers
·
Market research organizations and
consulting companies
The study is useful in
providing answers to several critical questions that are important for industry
stakeholders, such as SBR manufacturers, distributors and policy makers. The
report also provides useful insights about which market segments should be
targeted over the coming years to strategize investments and capitalize on
growth opportunities.
Available Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs.
In case you can’t find what, you are looking for
then please get in touch with our custom research team at sales@techsciresearch.com