Global Styrene Butadiene Rubber (SBR) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035

The Global Styrene Butadiene Rubber (Sbr) Market Has Reached Approximately 5100 Thousand Tonnes in 2021 and is Expected to Grow at a CAGR of 3.97% During the Forecast Period Until 2035

The global Styrene Butadiene Rubber (SBR) market has reached approximately 5100 thousand tonnes in 2021 and is expected to grow at a CAGR of 3.97% during the forecast period until 2035. Styrene-butadiene rubber (SBR) is currently the most widely used elastomer among all the synthetic rubbers produced globally. Rising SBR demand for manufacturing tyres for Heavy Commercial Vehicles (HCVs), Light Commercial vehicle (LCVs), passenger cars, belting conveyors and molded goods would propel the demand for SBR in the forecast period.

Styrene Butadiene Rubber (SBR) is the most common synthetic rubber manufactured by copolymerizing butadiene (75%) and styrene (25%) with the support of free radical initiators. Currently, the emulsion polymerization process produces the majority of SBR in the globe. SBR displays properties like resistance to dilute acids and bases, crack-resistance, heat resistance, high durability, and adhesion to metal. It is primarily employed for manufacturing tires. Other niche applications include carpets, footwear, coatings, heels of women's footwear, adhesives, and vehicle parts. SBR is also blended with natural rubber for manufacturing pressure-sensitive adhesives (PSAs) used for masking tapes, labels, cloth tapes, and duct tapes.

Unlike natural rubber, SBR tends to harden with age instead of softening, due to the increased interlinking of polymer chains due to oxidation. These restraining factors of natural rubber have paved the way for increased SBR consumption for tire manufacturing since the past few years. The primary driver of the Styrene Butadiene Rubber (SBR) global market is the Tires Industry. In 2021, approximately 84% of global Styrene Butadiene Rubber (SBR) was utilized by this industry. SBR has advantages such as high durability, resistance to cracking, high-temperature resistance, and wear resistance. Due to these reasons, SBR is employed for manufacturing tires. Footwear industry accounts for a much smaller share in the overall SBR market but stimulates the market growth due to rising demand for strong grip athletic shoes. The global Styrene Butadiene Rubber (SBR) market is anticipated to reach about 9000 thousand tonnes by 2035.

Based on type, the Styrene Butadiene Rubber (SBR) market is segregated into Emulsion Styrene Butadiene Rubber and Solution Styrene Butadiene Rubber. The Emulsion Styrene Butadiene Rubber has a higher demand than the other type. In 2021, Emulsion Styrene Butadiene Rubber estimated roughly 57% of the global SBR market.

Based on demand, the Asia Pacific dominates the Styrene Butadiene Rubber (SBR) market with an incredible market share of greater than 40% of the global Styrene Butadiene Rubber (SBR). Additionally, the region is the world's biggest user of SBR tires and adhesives. APAC is the leading producer of SBR and accounted about 38% of the global Styrene Butadiene Rubber (SBR) in 2021. Furthermore, APAC has planned to expand the current SBR facilities and add huge plant capabilities to meet the growing demands of SBR in the forecast period. Currently, South Korea is leading as the producer of SBR.

Based on the end-user industry, the global Styrene Butadiene Rubber (SBR) market is segmented into Tires, Conveyor Belt, Shoe Sole, and Others. The Tires Industry is the largest consumer of the Styrene Butadiene Rubber (SBR) market due to its remarkable properties. Rising demand from other segments such as Conveyor Belt and Shoe Sole industry would further help to bolster demand for SBR in the forecast period.

Major players in the production of Global Styrene Butadiene Rubber (SBR) are Korea Kumho Petrochemical, PetroChina Company Limited, Synthos Group, Goodyear Tire and Rubber, Groupo Dynasol, Trinseo, JSR Corporation, TSRC Corporation, Sinopec Qilu petrochemicals, Bridgestone Corporation, LANXESS AG, Versalis, Lion Copolymer, and Shenhua Chemical Industrial.

Years considered for this report:

• Historical Period: 2015- 2021
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2035

Objective of the Study:

• To assess the demand-supply scenario of Styrene Butadiene Rubber (SBR) which covers production, demand and supply of Styrene Butadiene Rubber (SBR) market in the globe.
• To analyse and forecast the market size of Styrene Butadiene Rubber (SBR)
• To classify and forecast Global Styrene Butadiene Rubber (SBR) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Styrene Butadiene Rubber (SBR) market in the globe.

To extract data for Global Styrene Butadiene Rubber (SBR) market, primary research surveys were conducted with Styrene Butadiene Rubber (SBR) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, the publisher was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the report analyzes various segments and projected a positive outlook for Global Styrene Butadiene Rubber (SBR) market over the coming years.

The publisher calculated Styrene Butadiene Rubber (SBR) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Styrene Butadiene Rubber (SBR). The publisher sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.

Key Target Audience:

• Styrene Butadiene Rubber (SBR) manufacturers and other stakeholders
• Organizations, forums and alliances related to Styrene Butadiene Rubber (SBR) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Styrene Butadiene Rubber (SBR) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Global Styrene Butadiene Rubber (SBR) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Type: Emulsion Styrene Butadiene Rubber and Solution Styrene Butadiene Rubber.
• Market, by End-use Tires, Conveyor Belt, Shoe Sole, and Others
• Market, by Sales Channel: Direct Sale and Indirect Sale
• Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.