Market Overview:

The Styrene Butadiene Rubber Market size was USD 23.10 billion in 2022. Covid-19's impacts have been unprecedented and staggering on a global scale, with the pandemic leading to negative demand shocks for the styrene butadiene rubber market across all domains and regions. Between 2021 and 2030, the market is projected to grow at a CAGR of 4.6%, from USD 22.9 Billion in 2021 to USD 28.90 Billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over according to a new report by Intellectual Market Insights Research.

Styrene Butadiene Rubber (SBR) is a synthetic rubber produced by copolymerizing styrene and butadiene. It is commonly used in the manufacture of tires, footwear, adhesives, and other products that require good abrasion resistance, high tensile strength, and good flexibility. The SBR market refers to the global demand, production, and trade of styrene butadiene rubber. The market scope includes the different grades of SBR, such as emulsion SBR, solution SBR, and others. It also covers various end-use industries, such as automotive, construction, footwear, and others, that utilize SBR for their manufacturing processes.

The SBR market is driven by factors such as increasing demand for high-performance tires and growth in the automotive industry. The market is also affected by raw material prices, environmental regulations, and technological advancements in the production of SBR.

The Styrene Butadiene Rubber market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the Styrene Butadiene Rubber market.

Scope of Styrene Butadiene Rubber Market Report:

A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Styrene Butadiene Rubber Market. On the basis of historic growth analysis and current scenario of Styrene Butadiene Rubber market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Styrene Butadiene Rubber market. This further helps users with their developmental strategy.

This report examines all the key factors influencing growth of global Styrene Butadiene Rubber market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Styrene Butadiene Rubber market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.

The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

Styrene Butadiene Rubber Market Drivers:

Increasing Demand for High-Performance Tires

The tire industry is the largest consumer of SBR, accounting for over 70% of the global SBR demand. SBR is a critical component in the production of high-performance tires due to its excellent wear resistance, high grip, and durability. The demand for high-performance tires has been increasing in recent years due to the growing demand for passenger and commercial vehicles worldwide, as well as increasing safety and performance standards. As a result, the SBR market is expected to grow significantly in the coming years.

Growth in the Construction Industry

 The construction industry is another major end-user of SBR. SBR is used in the production of various construction materials, including asphalt, roofing, flooring, and sealants. The construction industry has been growing steadily in recent years, primarily driven by increased construction activities in emerging economies and growing investments in infrastructure development. As a result, the demand for SBR in the construction industry is expected to increase in the coming years. Additionally, SBR's high tensile strength, abrasion resistance, and flexibility make it a popular choice in construction applications where durability and performance are crucial factors.

Styrene Butadiene RubberMarket Trends:

Trend in the Styrene Butadiene Rubber (SBR) market is the growing demand for solution SBR over emulsion SBR.

Solution SBR is a type of SBR that is produced through a solvent-based polymerization process, whereas emulsion SBR is produced through an emulsion polymerization process. Solution SBR offers better quality and greater control over the molecular weight distribution, resulting in improved mechanical and processing properties compared to emulsion SBR. Moreover, solution SBR has better compatibility with other materials, including other synthetic rubbers, resins, and fillers, which makes it more versatile for use in various applications such as tires, footwear, construction, and adhesives.

The increasing demand for high-performance rubber materials in various industries, including automotive, construction, and electronics, is driving the market for solution SBR. Additionally, the growth of the tire industry, particularly in emerging economies, is fueling the demand for high-quality rubbers like solution SBR. Overall, the shift towards solution SBR is expected to continue as manufacturers seek to improve the quality and performance of their products and meet the demands of various industries.

Styrene Butadiene Rubber Market Restraining Factors:

Restraint in the Styrene Butadiene Rubber (SBR) market is the increasing adoption of alternate materials and substitutes.

For instance, the growing demand for bio-based rubber materials and eco-friendly products is leading to the development and use of alternative materials such as natural rubber, ethylene propylene diene monomer (EPDM) rubber, and other synthetic rubbers. These materials offer similar or better properties than SBR and are considered more environmentally sustainable. Furthermore, the increasing availability of low-cost raw materials such as crude oil and natural gas has led to the development of new polymerization technologies and the production of lower-cost synthetic rubbers, which could pose a threat to the demand for SBR.

The rise of electric vehicles is also expected to impact the SBR market, as electric vehicles typically use smaller tires that require less rubber material, which could reduce the demand for SBR in the automotive industry. Overall, the adoption of alternate materials and substitutes is expected to pose a challenge to the growth of the SBR market in the coming years. Manufacturers in the SBR industry will need to continue to innovate and improve the performance of their products to remain competitive in the market.

Report Coverage:

The report will cover the qualitative and quantitative data on the global styrene butadiene rubber market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Styrene Butadiene Rubber Market Players Analysis:

• • Lanxess AG
  • Sinopec
  • Michelin
  • The Goodyear Tire & Rubber Company
  • JSR Corporation
  • Kumho Petrochemical Co., Ltd.
  • Versalis S.p.A.
  • LG Chem Ltd.
  • Synthos S.A.
  • Trinseo LLC
  • Asahi Kasei Corporation
  • ExxonMobil Chemical Company
  • Zeon Corporation
  • Sumitomo Chemical Co., Ltd.
  • Bridgestone Corporation

Key Industry Developments:

• China National Petroleum Corporation (CNPC): CNPC is one of the largest producers of SBR in the world. In October 2021, the company announced that it had successfully developed a new type of SBR that is more durable, has better mechanical properties, and is more environmentally friendly than traditional SBR.
• Lanxess: Lanxess is a German specialty chemicals company that produces a variety of chemicals, including SBR. In October 2021, the company announced that it had launched a new generation of SBR that offers improved wet grip, rolling resistance, and fuel efficiency for tire applications.
• Kumho Petrochemical: Kumho Petrochemical is a South Korean company that produces a range of petrochemical products, including SBR. In December 2021, the company announced that it had completed the expansion of its SBR production capacity by 20%, as previously planned.
• Michelin: Michelin is a leading tire manufacturer that uses SBR as a key component in its tire production. In February 2022, the company announced that it had developed a new tire technology called "Airless Vision," which eliminates the need for traditional tire inflation and uses a combination of sustainable materials, including SBR.
• Synthos: Synthos is a Polish chemical company that produces a range of chemicals, including SBR. In March 2022, the company announced that it had launched a new generation of SBR called "Butadiene Rubber SKS-30 AR," which offers improved abrasion resistance, processing properties, and environmental performance.

Styrene Butadiene Rubber Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2021-2028 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Styrene Butadiene Rubber Market Segmentation Analysis:

By Application

Automotive: The automotive industry is the largest application segment for SBR, accounting for a significant share of the market. SBR is used in tire production, where it provides good abrasion resistance, good traction, and reduced rolling resistance.

Construction: The construction industry is another major application segment for SBR, where it is used in the production of various construction materials such as sealants, coatings, and adhesives. SBR improves the durability, strength, and flexibility of these materials, making them ideal for use in construction applications.

Footwear: SBR is widely used in the footwear industry, where it is used to produce a variety of products such as shoe soles, heels, and outsoles. SBR provides good abrasion resistance, slip resistance, and flexibility, making it an ideal material for footwear production.

Adhesives: SBR is widely used in the production of adhesives, where it provides good bonding strength, flexibility, and water resistance. SBR is used in a variety of adhesive applications, including packaging, woodworking, and paper and textile lamination.

Others: SBR is also used in other applications such as wire and cable insulation, industrial hoses, and various other rubber products. SBR is used in these applications due to its excellent properties.

By Type

Emulsion SBR is the most commonly used type of SBR, accounting for the majority of the market share. This is due to its lower cost and easier production process compared to solution SBR.

Solution SBR is a more advanced type of SBR, with higher performance and greater durability compared to emulsion SBR. It is commonly used in high-performance tires and other applications that require superior property.

By Grade

The styrene butadiene rubber (SBR) market can also be segmented by grade into Standard SBR, PBR (polymerized butadiene rubber) blended SBR, High Styrene SBR, and Styrene-butadiene block copolymer (SBC).

Standard SBR: This is a general-purpose grade of SBR that is commonly used in the production of various rubber products, such as tires, footwear, and conveyor belts. It has a balanced combination of properties, including good abrasion resistance, high tensile strength, and low compression set.

PBR blended SBR: This is a blend of SBR and PBR, which is a synthetic rubber made from polymerized butadiene. The addition of PBR to SBR can improve its performance in certain applications, such as high-performance tires and mechanical rubber goods. PBR blended SBR offers improved heat build-up resistance, wet grip, and rolling resistance.

High Styrene SBR: This is a grade of SBR that contains a higher amount of styrene than standard SBR. The higher styrene content gives High Styrene SBR improved properties such as higher hardness, better abrasion resistance, and improved oil resistance. It is commonly used in the production of mechanical rubber goods and shoe soles.

Styrene-butadiene block copolymer (SBC): This is a specialty grade of SBR that is produced by block copolymerization of styrene and butadiene. It is characterized by a blocky structure and excellent mechanical properties, such as high tensile strength, low compression set, and good flexibility. SBC is commonly used in the production of adhesives, seals, and gaskets.

The report also helps in understanding Global Styrene Butadiene Rubber Market dynamics, structure by analyzing the market segments, and project the Global Styrene Butadiene Rubber Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Styrene Butadiene Rubber Market make the report investor’s guide.

Global Styrene Butadiene Rubber Market Regional Analysis:

North America accounted for the highest xx% market share in terms of revenue in the Styrene Butadiene Rubber market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Styrene Butadiene Rubber. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Styrene Butadiene Rubber companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Styrene Butadiene Rubber Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Regional Snapshot:

Asia Pacific: The Asia Pacific region is the largest consumer of SBR, driven by the growing demand for high-performance rubbers in various industries such as automotive, construction, and footwear. The region is also home to some of the largest tire manufacturers in the world, which further drives the demand for SBR. China, Japan, India, and South Korea are some of the key markets in the region.

North America: The North American SBR market is driven by the growth of the automotive and construction industries. The United States is the largest consumer of SBR in the region, followed by Canada and Mexico.

Europe: The European SBR market is driven by the growth of the automotive industry and the increasing use of SBR in adhesives and sealants. Germany, France, Italy, and the United Kingdom are some of the key markets in the region.

Middle East and Africa: The Middle East and Africa SBR market is driven by the growth of the construction and automotive industries in the region. The United Arab Emirates, Saudi Arabia, and South Africa are some of the key markets in the region.

South America: The South American SBR market is driven by the growth of the automotive industry in Brazil and Argentina. The region is also witnessing a growing demand for SBR in the construction industry.

Styrene Butadiene Rubber Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.

The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase:

To gain insightful analyses of the Styrene Butadiene Rubber market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the Styrene Butadiene Rubber market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the Styrene Butadiene Rubber market. Besides the standard structure reports, we also provide custom research according to specific requirements.

Research Scope of Styrene Butadiene Rubber Market:

• Historic year: 2018- 2021
• Base year: 2022
• Forecast: 2023 to 2031
• Representation of Market revenue in USD Billion

Styrene Butadiene Rubber Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: