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Global Synthetic Rubber Market ----------------------------------------------------2014

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Executive Summary
Synthetic rubber is chemically manufactured elastomer which is produced by the polymerization of two or more petroleum-derived monomers. Synthetic rubber plants were built after 1945 and since then it has maintained the lead over natural rubber. Polybutadiene rubber (BR) and Styrene Butadiene Rubber (SBR) are the two most important types of synthetic rubber and Butadiene is the primary feedstock for its production. Industrial players of synthetic rubber operate in the marketplace on the basis of low manufacturing cost, quality, technology and most importantly price to stay ahead. The synthetic rubber industry produces a variety of products that are used by the fabrication industries. Most of the output of synthetic rubber industry is taken up by tire industries thus categorizing this industry as one of the predominant users of synthetic rubber. Apart from tires, synthetic rubber has applications in various segments like shoes soles, high-speed railway, aviation etc. The key factors driving the growth of the synthetic rubber industry include accelerating automotive industry, technological advancement and slump in raw material prices. Some of the noteworthy trends and developments in this industry are increasing demand for high performance material, declining prices, rigorous competition and improved supply. However, the expansion of global synthetic rubber industry is hindered by rising environmental concerns and depletion of fossil fuels. The report Global Synthetic Rubber Market provides an in-depth analysis of the production, consumption and capacity of global synthetic rubber market with focus on its segments including: Polybutadiene rubber and Styrene Butadiene Rubber. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The four major players in the industry, Lanxess, Good Year, Kumho Petrochemical Co. and Exxon Mobil Corp are being profiled. By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

Major use of synthetic rubber is in the manufacturing of tires for most of the vehicles. Other uses include shoe soles, rubber gloves, orthopedic braces, etcetera.
Global Synthetic Rubber Production (2007-2013) From .. million tons in year 2007, the production has grown to . million tons in year 2013, depicting growth of %. After representing a constant production volume of . million tons in 2011 and 2012, the production volume of synthetic rubber inclined by % to reach million tons at the end of 2013. The top six players accounted for about .% of the market in 2013. KKPC was the leading market participant with a market share of .% at the end of 2013. Goodyear represented modest .% share, followed by Lanxess and LG Chem with market share of .% and % respectively Moving in line with the production trend, the consumption of the synthetic rubber has also increased considerably during the last decade. The global synthetic rubber consumption has increased by % to million tons in 2013, from million tons in 2012.

Million Tons

BR Market Share by Production Capacity (2013)

Global Synthetic Rubber Consumption (2007-2013)

Kumho Petrochemical Lanxess Bridg/Firestn Others

Goodyear LG Chem Sahnding Yuhuang

Million Tons

Polybutadiene Rubber (BR) and Styrene Butadiene Rubber (SBR), which includes ESBR and SSBR, are the key synthetic rubbers as they are largely used for the manufacturing of automotive tires.
Chinas Synthetic Rubber Capacity (2008-2013) Chinas synthetic rubber capacity has expanded rapidly in recent years, with CAGR reaching % in 2008-2013. In 2013, Chinas synthetic rubber production capacity reached million tons, accounting for % of the global synthetic rubber capacity.

Million Tons

Bridg/Firestn, accounting for % of the total market, was leading in SSBR segment of Styrene Butadiene Rubber market in 2013. Bridg/Firestn is immediately followed by Michelin which held a market share of roughly %. Other key players of SSBR are Styron, PetroChina Dushanzi PC and Kumho Petrochemical. Asia-Pacific produced more than half of the worlds synthetic rubber accounting for . million tons in 2012, followed by the US with million tons. EMEA together produced . million tons of synthetic rubber during the mentioned period.

SSBR Market Share by Production Capacity (2013)

Synthetic Rubber Production by Region by Volume (2012)

Bridg/Firestn Styron Kumho Petrochemical Others

Michelin PetroChina Dushanzi PC Asahi Kasei Chem.

Million Tons

Butadiene is the most important feedstock to produce a wide variety of synthetic rubber and polymer resins. The demand of butadiene is chiefly driven by BR and SBR.
Global Butadiene Production (2007-2015E) The global production of butadiene increased by million ton to reach million tons in 2013 compared to million ton production in 2012 thereby representing an increase of %. The production is expected to expand to million tons by the end of 2015, up by %, compared to 2013. High demand and low operating cost has led the increase in production of butadiene. In ESBR segment of SBR, KKPC accounted for .% of the global capacity in 2013 thereby leading the market. ISP Elastomers, on the second position, represented % share. Other major players of this category include Goodyear, Qilu PC, Fushun PC and Lanxess. The global butadiene capacity of million tons was reported at the end of year 2013. This represented an incline of %, compared to million tons in the previous year. The capacity is further anticipated to grow by % to reach million tons by the end of 2015, compared to 2013. ESBR Market Share by Production Capacity (2013) Global Butadiene Capacity (2007-2015E)

Million Tons

Kumho Petrochemical Goodyear Fushun PC Others

ISP Elastomers Qilu PC Lanxess Elastomeros do Brasil

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The key factors driving growth of the global synthetic rubber industry include accelerating automotive industry, technological advancement and slump in the raw material prices.
Total Synthetic Rubber Capacity Addition (2008-2015E) Global Synthetic Rubber Consumption Forecast (2009-2017F)

000 Tons

An escalating trend has been observed in the global capacity addition of synthetic rubber since 2010. In 2013, tons of additional capacity has been recorded, representing an incline of %, compared to tons capacity addition in 2012. However, the capacity addition is projected to reduce by % in 2015, compared to 2013. In 2014 and 2015, the synthetic rubber industry is anticipated to add tons and tons of additional capacity respectively. The consumption of synthetic rubber is poised to grow at a compounded annual growth rate of % from million tons in 2014 to million tons in 2017. The future growth would mainly be driven by the strengthening fundamentals in the tire industry, oil demand and butadiene production. Among the synthetic rubber types, BR and SBR are the major ones, together constituting % of the Chinas Synthetic rubber capacity in 2013. Out of the total SBR capacity, ESBR accounted for % of Chinas SBR capacity and SSBR for %. BR claimed % of the total synthetic rubber capacity of China as the trend of high-performance flat and tubeless radial tires became inevitable. NBR, IIR and EPR represented %, and % share, respectively, of the total capacity in 2013.

Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa

Million Tons

Table of Contents
1.

1. Overview

List of Charts & Tables

List of Charts Production of Synthetic Rubber Supply Chain of Natural and Synthetic Rubber Global Synthetic Rubber Production (2007-2013) Global Synthetic Rubber Consumption (2007-2013) Global Quarterly Synthetic Rubber Production and Consumption (Q111Q313) Total Synthetic Rubber Capacity Addition (2008-2015E) Regional Percentage Share of Synthetic Rubber Production (2012) Synthetic Rubber Production by Region by Volume (2012) Regional Percentage Share of Synthetic Rubber Consumption (2012) Synthetic Rubber Consumption by Region by Volume (2012) Chinas Synthetic Rubber Capacity and Y-O-Y Growth (2008-2013) Chinas Synthetic Rubber Capacity by Product By Volume (2012-2013) Percentage Share of Synthetic Rubber Products in China (2013) Global BR Capacity (2007-2015E) Total Global BR Capacity Addition (2008-2015E) Global SBR Capacity (2007-2015E) Global SBR Share by Capacity (2013) Global ESBR Capacity (2007-2015E) Total Global ESBR Capacity Addition (2008-2015E) Global SSBR Capacity (2007-2015E) Total Global SSBR Capacity Addition (2008-2015E) Butadiene: Global Demand Breakdown (2012) Butadiene: Global Demand by Region (2012) Butadiene Global Capacity (2007-2015E) Butadiene Global Production (2007-2015E) Synthetic Rubber Price (Q111-Q413) Butadiene Prices (Q111-Q413) Brent Crude Oil Prices (Q111-Q413) Stock to Use Ratio (Q111-Q413) Growth in Tire Industry (2009-2016) BR Market Share by Production Capacity (2013) ESBR Market Share by Production Capacity (2013) SSBR Market Share by Production Capacity (2013)

1.1 Natural Rubber v/s Synthetic Rubber 1.2 Uses of Synthetic Rubber 1.3 Synthetic Rubber Production 1.4 Types of Synthetic Rubber 1.5 Supply Chain Management
2. Synthetic Rubber - Market Size 2.1 Global Market -Production Growth -Consumption Growth -Capacity Addition 2.2 Regional Analysis -Regional Production by Volume -Regional Consumption by Volume 2.2.1 China -Capacity Growth -Capacity by Product 2.3 Segment Analysis 2.3.1 Polybutadiene Rubber -Capacity Growth -Capacity Addition 2.3.2 Styrene Butadiene Rubber -SBR Capacity Growth -ESBR Capacity Growth -ESBR Capacity Addition -SSBR Capacity Growth -SSBR Capacity Addition 2.4 Butadiene -Capacity Growth -Production Growth -Demand by End Market -Demand by Region

3. Market Dynamics 3.1 Key Trends Lanxess Revenue Share by Business Segment (2012) Lanxesss Revenue and Net Income (2008-2012) Goodyear Revenue Share by Business Operating Segment (2013) Goodyears Net Sales and Net Income (2009-2013) KKPC Revenue Share by Business Segment (2013) KKPCs Revenue and Net Income (2009-2013) ExxonMobil Net Income Share by Business Segment (2013) ExxonMobils Revenue and Net Income (2009-2013) Global Synthetic Rubber Consumption (2009-2017F)

3.1.1 Decline in Price 3.1.2 Natural vs Synthetic Rubber Stock to Use Ratio 3.1.3 Technological Advancements 3.1.4 Growth of Tire Industry
3.2 Issues & Challenges 3.2.1 Overcapacity 3.2.2 Decreased Availability of Synthetic Rubber 3.2.3 Rising Environmental Concerns 4. Competitive Landscape 4.1 Financial Comparsion 4.2 Competition in Synthetic Rubber Segments 4.2.1 Polybutadiene Rubber (BR) -Top BR Producers -BR Market Share 4.2.2 Styrene Butadiene Rubber -Top ESBR Producers -ESBR Market Share -Top SSBR Producers -SSBR Market Share 4.3 Competition in Regional Markets 4.3.1 China 5. Company Profiles 5.1 Lanxess 5.1.1 Business Overview 5.1.2 Financial Overview 5.1.3 Business Strategies -Expansion in Emerging Markets -Growth through Acquisitions

5.2 Good Year 5.2.1 Business Overview 5.2.2 Financial Overview 5.2.3 Business Strategies -Expansion through Innovation -Increasing Efficiency of Operations 5.3 KKPC (Kumho Petrochemical Co.) 5.3.1 Business Description 5.3.2 Financial Description 5.3.3 Business Strategies -Focus on Business Development -Expansion through Increased Productivity 5.4 Exxon Mobil Corp 5.4.1 Business Overview 5.4.2 Financial Overview 5.4.3 Business Strategies -Strategic Investments -Ceaseless R&D 6. Market Outlook 6.1 Market Forecast 6.2 Forecast Methodology 6.2.1 Dependent and Independent Variables 6.2.2 Correlation Analysis 6.2.3 Regression Analysis List of Tables Properties of Different Synthetic Rubber Types Financial Comparison of Key Players (2012) Top BR Producer Globally (2013) Top ESBR Producer Globally (2013) Top SSBR Producer Globally (2013) Global Synthetic Rubber Capacity Expansion (2010-2017) Worlds Top-10 Tire Makers Capacity Change in China (2012-2015) Dependent & Independent Variables (20092013) Correlation Matrix Model Summary Coefficient of Determination Regression Coefficients Output

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