30 March 2014 00:52 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--US demand for styrene-butadiene-rubber (SBR) is expected to be solid this year on strength in the downstream sectors, market sources said on Saturday.
"The economy is doing well, and demand for construction and autos is good," an SBR producer said on the sidelines of the International Petrochemical Conference (IPC).
The US economy is expected to expand by 2.8% this year as consumer spending, business investment and the housing recovery accelerate, according to the Manufacturers Alliance for Productivity and Innovation (MAPI).
The manufacturing group is forecasting 1.13m housing starts this year, or a 13% expansion in the US housing sector.
Meanwhile, the National Association for Business Economics (NABE) is anticipating an increase of 2.6% in personal consumption, as well as 3.2% in sales of light cars and trucks in 2014.
The auto industry uses SBR in tyres, as well as belts, gaskets and hoses. Other uses include mechanical goods, adhesives, floor tiles and shoes.
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
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