Global Styrene Butadiene Rubber (SBR) Market Highlights Over 2022 - 2031

The global styrene butadiene rubber (SBR) market is estimated to garner around USD 11 billion in revenue by 2031 by growing at a CAGR of nearly 4% over the forecast period, i.e., 2022 –  2031. The growth of the market can be attributed to the increasing usage of SBR in industries, such as automotive, construction, electrical, footwear, adhesives and sealants, and others. For instance, in the U.S. over 1 million new housing units are planned every year for construction.

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Additionally, the growing demand for high-performance tires in the automotive industry is also fueling market growth. Further, the increasing use of low rolling-resistance tires to reduce fuel consumption, and decrease CO2 emissions is also expected to increase SBR application.

The COVID-19 pandemic had a negative impact on the styrene butadiene rubber (SBR) market on the back of the closing of almost all industries around the world due to the lockdown imposed by the governments. As a result, demand for SBR declined which adversely affected the market.

However, the declining number of synthetic rubber manufacturers due to stringent laws, and volatility in the prices of raw materials are the key factors restraining the growth of the market.

The market is segmented by type into emulsion SBR, and solution SBR, out of which, the solution SBR segment is anticipated to hold the major share over the forecast period. The growth can be attributed to the extensive use of solution SBR in the footwear and tire industries. For instance, in 2020, over 20 billion pairs of footwear were produced worldwide.

Global Styrene Butadiene Rubber (SBR) Market Regional Synopsis

Regionally, the global styrene butadiene rubber (SBR) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness significant growth over the forecast period on the back of its huge consumption of tires and adhesives across the globe. Further, the growing footwear industry is also driving the market growth. For instance, Asia accounts for over 80% of global footwear production. Additionally, China and India are among the major manufacturers of the automotive industry worldwide which is also a major factor predicted to boost the demand for styrene butadiene rubber (SBR) in the upcoming years. 

North America region is expected to hold the major share over the forecast period on the back of the increasing demand for tires. Further, the rising population in Canada is also expected to boost consumption in the region.

Market Segmentation

Our in-depth analysis of the global styrene butadiene rubber (SBR) market includes the following segments:

By Type

• Emulsion SBR

• Solution SBR

By Application

• Tires

• Industrial

• Polymer Modification

• Adhesives and Sealants

• Footwear

• Construction

• Others

Growth Drivers and Challenges Impacting the Growth of the Global Styrene Butadiene Rubber (SBR) Market

Growth Drivers

• Increasing use of SBR in industries, such as automotive, construction, electrical, footwear, adhesives and sealants, and others

• Growing demand for high-performance tires

Challenges

• Declining number of synthetic rubber manufacturers due to stringent laws

• Volatility in prices of raw materials

Key Companies Dominating the Global Styrene Butadiene Rubber (SBR) Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global styrene butadiene rubber (SBR) market that are included in our report are ARLANXEO, Asahi Kasei Corporation, The Goodyear Tire & Rubber Company, TSRC, Dynasol Group, Trinseo, Synthos, CHIMEI, JSR Corporation, Sumitomo Chemical Co., Ltd., SIBUR INTERNATIONAL, and others.

Latest Developments in the Global Styrene Butadiene Rubber (SBR) Market:

• January 2021: India planned to impose an anti-subsidy duty on imports of a particular kind of butadiene rubber from South Korea.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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