Styrene Butadiene Rubber (SBR) Based Adhesive Market Report 2024

This Styrene Butadiene Rubber (SBR) Based Adhesive market 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.

The styrene butadiene rubber (SBR) based adhesive market size has grown strongly in recent years. It will grow from $4.8 billion in 2023 to $5.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historical period can be attributed to flexible packaging, an increase in consumer goods packaging, non-tire rubber products, a transition from solvent-based to water-based formulations, and the expansion of the fashion and footwear industry.

The styrene butadiene rubber (SBR) based adhesive market size is expected to see strong growth in the next few years. It will grow to $6.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth projected for the forecast period can be attributed to a rise in vehicle production, the expansion of electric vehicles (EVs), the growth of e-commerce, stricter environmental regulations, and increasing demand for eco-friendly and low-emission adhesives. Key trends during this period include advancements in surface engineering techniques, automated application processes, 3D printing, self-healing properties, and the development of hybrid adhesives.

The growth of the construction industry is projected to significantly boost the styrene butadiene rubber (SBR)-based adhesive market in the future. This industry is expanding for various reasons, including urbanization, government investments in infrastructure, trends toward sustainable and green building practices, and overall industrial development. SBR-based adhesives improve the durability and flexibility of construction materials, enhancing their resistance to environmental stressors. For example, a report from the Office for National Statistics, a UK-based statistical authority, noted that total new construction work increased by £18.16 billion ($22.7 billion) in 2022, driven by growth in both the private and public sectors, which saw increases of 16.8% and 13.1%, respectively. Thus, the growth of the construction industry is contributing to the rise of the SBR-based adhesive market.

Key players in the SBR-based adhesive market are prioritizing the development of high-performance materials, including selective hydrogenation, to improve the performance and sustainability of their adhesives. This approach aims to meet the increasing demand for environmentally friendly and high-performance bonding solutions across various applications. Selective hydrogenation is a chemical process that adds hydrogen to specific bonds in unsaturated compounds, enhancing their stability and performance while maintaining other functional groups or structures. For instance, in June 2024, Asahi Kasei Corporation, a Japanese chemical company, introduced functionalized hydrogenated styrene butadiene rubber (HSBR) and thermoplastic elastomer (TPE) solutions that minimize the need for fillers such as silica or carbon black. The functionalized HSBR combines excellent processability and compatibility with superior resistance to heat, aging, and chemicals. Its innovative properties also reduce dependence on harmful antioxidants such as 6PPD, thereby lessening environmental risks. Moreover, the increased hardness resulting from hydrogenation allows for lower filler usage, making it well-suited for applications in performance tires, belts, hoses, and other durable rubber products.

In March 2022, Synthomer Plc, a UK-based supplier of water-based polymers and emulsions, acquired the adhesive resin business from Eastman Chemical Company for $1 billion. This acquisition marks a strategic milestone for Synthomer as it seeks to diversify its operations and enhance its competitive position within the adhesives market. Eastman Chemical Company is a US-based specialty materials manufacturer that produces a variety of advanced materials and chemicals, including SBR adhesives.

Major companies operating in the styrene butadiene rubber (SBR) based adhesive market are ExxonMobil Chemical Company, BASF SE, 3M Company, Henkel AG & Co. KGaA, Sumitomo Chemical Co. Ltd., Asahi Kasei Corporation, Illinois Tool Works Inc., Sika AG, Avery Dennison Corporation, Versalis S.p.A., Trinseo LLC, Zeon Corporation, Kraton Corporation, Dynasol Group, Euclid Chemical Company, Lion Elastomers LLC, Anglo Adhesives & Services Limited, U.S. Adhesives Inc., Mapei S.p.A., Dunlop Adhesives (Thailand) Limited.

Asia-Pacific was the largest region in the styrene butadiene rubber (SBR) based adhesive market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the styrene butadiene rubber (SBR) based adhesive marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the styrene butadiene rubber (SBR) based adhesive marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Styrene butadiene rubber (SBR)-based adhesive refers to an adhesive that incorporates SBR, a synthetic rubber derived from styrene and butadiene, as its primary component to provide bonding capabilities. These adhesives are favored for their strength, abrasion resistance, and performance across various environmental conditions.

The main types of SBR-based adhesives are solution types and emulsion types. Solution types of SBR are produced through solution polymerization, where styrene and butadiene monomers are polymerized in a solvent with the aid of catalysts, resulting in SBR with a random copolymer structure. In contrast, emulsion-based SBR is utilized for its superior adhesion properties and flexibility. Applications of these adhesives include tapes, flooring adhesives, and more, serving end-use industries such as automotive, construction, industrial manufacturing, and packaging.

The styrene butadiene rubber (SBR) based adhesive market research report is one of a series of new reports that provides styrene butadiene rubber (SBR) based adhesive market statistics, including styrene butadiene rubber (SBR) based adhesive industry global market size, regional shares, competitors with an styrene butadiene rubber (SBR) based adhesive market share, detailed styrene butadiene rubber (SBR) based adhesive market segments, market trends and opportunities, and any further data you may need to thrive in the styrene butadiene rubber (SBR) based adhesive industry. This styrene butadiene rubber (SBR) based adhesive market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The styrene butadiene rubber (SBR) based adhesive market consists of sales of pressure-sensitive adhesives (PSA), contact adhesives, spray adhesives, water-based adhesives, and hot melt adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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