Asahi Kasei’s Synthetic Rubber Business Misses Plan on Lower SSBR and BR Demand

Asahi Kasei’s synthetic rubber business fell short of its plan in terms of volume for the fiscal year ending March 31, 2023. Demand for both solution-polymerized styrene-butadiene rubber (SSBR), mainly for tire applications, and butadiene rubber (BR), mainly for non-tire and resin modification applications, declined in the second half. “All regions performed worse than expected. The rise in raw material…