DALLAS—The global styrenics market, including styrene butadiene rubber and acrylonitrile butadiene styrene, will be worth $108.5 million 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 35,000,000 tons in 2013 to 44,000,000 tons in 2018, growing with a compound annual growth rate of 4.81 percent during the same period.
The paper indicates that tire labeling 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.