This report describes and explains the styrene butadiene rubber (SBR) market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global styrene butadiene rubber (SBR) market reached a value of nearly $35,863.5 million in 2022, having grown at a compound annual growth rate (CAGR) of 2.4% since 2017. The market is expected to grow from $35,863.5 million in 2022 to $47,439.0 million in 2027 at a rate of 5.8%. The market is then expected to grow at a CAGR of 6.5% from 2027 and reach $64,886.7 million in 2032.
Growth in the historic period resulted from emerging markets growth, rapid industrialization, rise in demand for footwear with rubber soles, and rise in disposable income. Factors that negatively affected growth in the historic period were COVID-19 impact and volatile prices of raw materials.
Going forward, growing tire manufacturing sector, increasing automobile sales, increasing demand from the textile industry and rapid urbanization will drive the growth. Factors that could hinder the growth of the styrene butadiene rubber (SBR) market in the future include the impact of the Russia-Ukraine war and the rising interest rates.
The styrene butadiene rubber (SBR) market is segmented by product type into emulsion type and solution type. The emulsion type market was the largest segment of the styrene butadiene rubber (SBR) market segmented by product type, accounting for 55.6% of the total in 2022. Going forward, the solution type segment is expected to be the fastest growing segment in the styrene butadiene rubber (SBR) market segmented by product type, at a CAGR of 6.1% during 2022-2027.
The styrene butadiene rubber (SBR) market is segmented by application into tire, tread, footwear, polymer modification, adhesives, and other applications. The tire market was the largest segment of the styrene butadiene rubber (SBR) market segmented by application, accounting for 34.0% of the total in 2022. Going forward, the adhesives segment is expected to be the fastest growing segment in the styrene butadiene rubber (SBR) market segmented by application, at a CAGR of 6.8% during 2022-2027.
The styrene butadiene rubber (SBR) market is segmented by distribution channel into direct sale and indirect sale. The direct sale market was the largest segment of the styrene butadiene rubber (SBR) market segmented by distribution channel, accounting for 83.7% of the total in 2022. Going forward, the direct sale segment is expected to be the fastest growing segment in the styrene butadiene rubber (SBR) market segmented by distribution channel, at a CAGR of 5.9% during 2022-2027.
Asia-Pacific was the largest region in the styrene butadiene rubber (SBR) market, accounting for 69.1% of the total in 2022. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the styrene butadiene rubber (SBR) market will be Africa and the Middle East where growth will be at CAGRs of 10.2% and 6.9% respectively. These will be followed by Eastern Europe and Asia-Pacific where the markets are expected to grow at CAGRs of 6.6% and 6.0% respectively.
The global styrene butadiene rubber (SBR) market is concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 40.12% of the total market in 2021. China Petroleum & Chemical Corporation was the largest competitor with 9.13% share of the market, followed by Saudi Aramco with 8.23%, Asahi Kasei Corporation with 6.54%, LG Chem with 5.64%, Reliance Industries Limited with 4.37%, Sumitomo Chemical with 2.82%, Kumho Petrochemical Co Ltd with 1.38%, Versalis S.p.A. with 0.93%, Grupo Dynasol with 0.72%, and Zeon Corporation with 0.37%.
The top opportunities in the styrene butadiene rubber (SBR) market segmented by product type will arise in the emulsion type segment, which will gain $6,098.6 million of global annual sales by 2027. The top opportunities in the styrene butadiene rubber (SBR) market segmented by application will arise in the tire segment, which will gain $3,796.9 million of global annual sales by 2027. The top opportunities in the styrene butadiene rubber (SBR) market segmented by distribution channel will arise in the direct sale segment, which will gain $9,932.9 million of global annual sales by 2027. The styrene butadiene rubber (SBR) market size will gain the most in China at $4,979.0 million.
Market-trend-based strategies for the styrene butadiene rubber (SBR) market include use of artificial intelligence (AI), focus on sustainability, new plant expansions and collaborations and acquisitions.
Player-adopted strategies in the styrene butadiene rubber (SBR) market include focusing on expanding operational capabilities through setting up new production projects, strengthening business capabilities through strategic acquisitions, and enhancing operational capabilities through strategic collaborations and partnerships.
To take advantage of the opportunities, the analyst recommends the styrene butadiene rubber (SBR) companies to focus on sustainability, focus on new plant expansions, focus on use of artificial intelligence (AI), expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, and focus on fast-growing applications.
The global styrene butadiene rubber (SBR) market reached a value of nearly $35,863.5 million in 2022, having grown at a compound annual growth rate (CAGR) of 2.4% since 2017. The market is expected to grow from $35,863.5 million in 2022 to $47,439.0 million in 2027 at a rate of 5.8%. The market is then expected to grow at a CAGR of 6.5% from 2027 and reach $64,886.7 million in 2032.
Growth in the historic period resulted from emerging markets growth, rapid industrialization, rise in demand for footwear with rubber soles, and rise in disposable income. Factors that negatively affected growth in the historic period were COVID-19 impact and volatile prices of raw materials.
Going forward, growing tire manufacturing sector, increasing automobile sales, increasing demand from the textile industry and rapid urbanization will drive the growth. Factors that could hinder the growth of the styrene butadiene rubber (SBR) market in the future include the impact of the Russia-Ukraine war and the rising interest rates.
The styrene butadiene rubber (SBR) market is segmented by product type into emulsion type and solution type. The emulsion type market was the largest segment of the styrene butadiene rubber (SBR) market segmented by product type, accounting for 55.6% of the total in 2022. Going forward, the solution type segment is expected to be the fastest growing segment in the styrene butadiene rubber (SBR) market segmented by product type, at a CAGR of 6.1% during 2022-2027.
The styrene butadiene rubber (SBR) market is segmented by application into tire, tread, footwear, polymer modification, adhesives, and other applications. The tire market was the largest segment of the styrene butadiene rubber (SBR) market segmented by application, accounting for 34.0% of the total in 2022. Going forward, the adhesives segment is expected to be the fastest growing segment in the styrene butadiene rubber (SBR) market segmented by application, at a CAGR of 6.8% during 2022-2027.
The styrene butadiene rubber (SBR) market is segmented by distribution channel into direct sale and indirect sale. The direct sale market was the largest segment of the styrene butadiene rubber (SBR) market segmented by distribution channel, accounting for 83.7% of the total in 2022. Going forward, the direct sale segment is expected to be the fastest growing segment in the styrene butadiene rubber (SBR) market segmented by distribution channel, at a CAGR of 5.9% during 2022-2027.
Asia-Pacific was the largest region in the styrene butadiene rubber (SBR) market, accounting for 69.1% of the total in 2022. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the styrene butadiene rubber (SBR) market will be Africa and the Middle East where growth will be at CAGRs of 10.2% and 6.9% respectively. These will be followed by Eastern Europe and Asia-Pacific where the markets are expected to grow at CAGRs of 6.6% and 6.0% respectively.
The global styrene butadiene rubber (SBR) market is concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 40.12% of the total market in 2021. China Petroleum & Chemical Corporation was the largest competitor with 9.13% share of the market, followed by Saudi Aramco with 8.23%, Asahi Kasei Corporation with 6.54%, LG Chem with 5.64%, Reliance Industries Limited with 4.37%, Sumitomo Chemical with 2.82%, Kumho Petrochemical Co Ltd with 1.38%, Versalis S.p.A. with 0.93%, Grupo Dynasol with 0.72%, and Zeon Corporation with 0.37%.
The top opportunities in the styrene butadiene rubber (SBR) market segmented by product type will arise in the emulsion type segment, which will gain $6,098.6 million of global annual sales by 2027. The top opportunities in the styrene butadiene rubber (SBR) market segmented by application will arise in the tire segment, which will gain $3,796.9 million of global annual sales by 2027. The top opportunities in the styrene butadiene rubber (SBR) market segmented by distribution channel will arise in the direct sale segment, which will gain $9,932.9 million of global annual sales by 2027. The styrene butadiene rubber (SBR) market size will gain the most in China at $4,979.0 million.
Market-trend-based strategies for the styrene butadiene rubber (SBR) market include use of artificial intelligence (AI), focus on sustainability, new plant expansions and collaborations and acquisitions.
Player-adopted strategies in the styrene butadiene rubber (SBR) market include focusing on expanding operational capabilities through setting up new production projects, strengthening business capabilities through strategic acquisitions, and enhancing operational capabilities through strategic collaborations and partnerships.
To take advantage of the opportunities, the analyst recommends the styrene butadiene rubber (SBR) companies to focus on sustainability, focus on new plant expansions, focus on use of artificial intelligence (AI), expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, and focus on fast-growing applications.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure
6. Introduction And Market Characteristics
7. Major Market Trends
8. Global Market Size and Growth
9. Global Styrene Butadiene Rubber (SBR) Market Segmentation
10. Styrene Butadiene Rubber (SBR) Market, Regional and Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
Executive Summary
Styrene Butadiene Rubber (SBR) Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global styrene butadiene rubber (SBR) market as it emerges from the COVID 19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 14 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest growing market for styrene butadiene rubber (SBR)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The styrene butadiene rubber (SBR) market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider styrene butadiene rubber (SBR) market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions, and explanations about the styrene butadiene rubber (SBR) market.
- Key Trends - Highlights the major trends shaping the global styrene butadiene rubber (SBR) market. This section also highlights likely future developments in the market.
- Global Market Size and Growth - Global historic (2017-2022) and forecast (2022 - 2027, 2032F) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - Historic (2017-2022) and forecast (2022 - 2027, 2032F) market values and growth and market share comparison by region.
- Market Segmentation - Contains the market values (2017-2032) (2022 - 2027, 2032F) and analysis for each segment by product type, by application and by distribution channel in the market.
- Regional Market Size and Growth - Regional market size (2022), historic (2017-2022) and forecast (2022 - 2027, 2032F) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - Includes recommendations for styrene butadiene rubber (SBR) providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Product Type: Emulsion Type; Solution Type2) By Application: Tire; Tread; Footwear; Polymer Modification; Adhesives; Other Applications
3) By Distribution Channel: Direct Sale; Indirect Sale
Companies Mentioned: China Petroleum & Chemical Corporation; Saudi Aramco; Asahi Kasei Corporation; LG Chem; Reliance Industries Limited
Countries: Australia; China; India; Indonesia; Japan; South Korea; USA; Mexico; Brazil; Argentina; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; styrene butadiene rubber (SBR) indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- China Petroleum & Chemical Corporation
- Saudi Aramco
- Asahi Kasei Corporation
- LG Chem
- Reliance Industries Limited
- Sumitomo Chemical
- Kumho Petrochemical Co Ltd
- Versalis S.p.A.
- Grupo Dynasol
- Zeon Corporation
- Avneesha Polymers. LLP
- Apcotex
- PT. Sentra Sintetikajaya
- Toyo Tire Corporation
- Redox
- Henan GP Chemicals Co.Ltd
- Tianjin Sanzhi Petrochemical Co., Ltd
- Shanghai Zhiyue Chemical Co., Ltd
- Sinopec Qilu Company
- Shenhua Chemical Industrial Co Ltd
- TRP Polymer Solutions Ltd
- NSB Polymers GmbH
- Lanxess AG
- Bridgestone
- Trinseo
- Synthos
- Voronezhsintezkauchuk
- Intertex World Resources Inc
- Parker Hannifin de México
- Evenflo
- U.S. Rubber Supply Co
- Quick Cut Gasket & Rubber Corp
- Soucy Baron Inc
- Arlanxeo Brasil S.A.
- Nitriflex S. A
- Industries De Calcados Kissol Ltda
- Kraton Polymers Do Brasil
- Sociedade Michelin Part Ind.Com.L
- Right Click Trading Fze
- Oliver Ultra Rubber Trading LLC
- Shama Interntioanal Fzc
- Mamuda Industries Nigeria Limited
- Okomu Oil Palm Plc
- Indorama Eleme Petrochemicals Limited
- Omnik Limited
- Araromi Rubber Estates Ltd
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 330 |
| Published | October 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 35.9 Billion |
| Forecasted Market Value ( USD | $ 64.9 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 46 |
