10 April 2013 17:28 [Source: ICIS news]
LONDON (ICIS)--Styrene butadiene rubber (SBR) demand in Europe could slow in 2013 because of declining tyre demand, a major SBR producer said on Wednesday.
"The EU [SBR] market will slow in 2013 as tyre producers will continue to reduce output," the producer, which wished to remain anonymous, added.
Several market players have forecast a 5-10% drop in tyre sales in 2013, which will have a direct impact on SBR sales. Tyre sales during the first quarter fell by up to 15% compared with the same period in 2012, sources said.
The tyre industry consumes about 70% of worldwide SBR output.
Demand in northern Europe has been relatively stable during the first quarter, but declined drastically in southern Europe because the effects of the current macroeconomic slowdown have been felt there more strongly.
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