Styrene Butadiene Rubber Market Increasing at A Phenomenal Pace to Reach USD 4.60 Billion by 2032

Some of key players in Styrene Butadiene Rubber market Sinopec, Lanxess, The Goodyear Tire & Rubber Company, Michelin, JSR Corporation, Eastman, SIBUR, LG Chemicals, Dynasol Elastomer, Korea Kumho Petrochemical Company, ARLANXEO, LCY Chemicals, Versalis, Asahi Kasei Chemical Corporation, Styron-Trinseo, and among others. 

These players are set to bolster the development of Styrene Butadiene Rubber market.

According to analysts at Zion Market Research, global Styrene Butadiene Rubber Market was valued at USD 2.68 Billion in 2023 and is projected to hit USD 4.60 Billion by 2032, with a compound annual growth rate (CAGR) of 6.2% during the forecast period 2024-2032.

This review is based on a report by Zion Market Research, titled “Styrene Butadiene Rubber Market by Application (SBR (Tires, Footwear, Polymer Modification, Adhesive, Others), E-SBR (Tires, Footwear, Construction, Polymer Modification, Adhesive, Others), S-SBR (Tires, Footwear, Polymer Modification, Adhesive, Others)): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Streamlining of business processes cost effectively To Spur Growth

Styrene butadiene rubber (SBR) is one of the cheaper synthetic general purpose elastomers that are used as alternative materials for natural rubber (NR). It can be produced by free-radical solution polymerization or by emulsion polymerization either warm at 30 to 60°C (hot rubber) or cold at temperatures near 0°C (cold rubber). Emulsion SBR (ESBR) continues to lose ground to solution SBR (SSBR) which is better suited for high-performance tires. Emulsion SBR grades still account for more than 75% of the total world capacity as of 2018. The addition of styrene lowers the price and contributes to the good wear and bonding properties. The addition of styrene also improves the strength, abrasion resistance, and blend properties of polybutadiene.

The fatigue resistance and low temperature properties of SBR are usually inferior to natural rubber, whereas its heat-aging properties and abrasion resistance are better. Like natural rubber, SBR is vulnerable to thermal and oxidative degradation due to the presence of double bonds in the polydiene backbone. SBR also has poor chemical resistance, that is, its solvent resistance and weathering properties are inferior to most other elastomers.

Presence of Big Players in The Region Support Asia Pacific Dominance

The styrene butadiene rubber market is led by the Asia Pacific region. The main factor that has made the styrene butadiene market grow is the tire industry. China is the leading country in the tire manufacturing industry. Owing to the reason that the region has low labor and operating cost, the tire manufacturers have shifted their facilities to the Asia Pacific region. The increased middle-class population and economic development in China and India have made a significant growth in the automobile industry which in turn increased the market growth of styrene butadiene rubber.

Countries such as Malaysia, Indonesia, and Thailand have also grown steadily in terms of disposable income, thus contributing to the market growth. Europe is the second largest consumer of the styrene-butadiene rubber. The countries such as Germany and Italy have the largest activities of automobile manufacturing, thus driving the demand of the market.

The Styrene Butadiene Rubber market is segmented as follows:

By Application

• SBR
  • Tires
  • Footwear
  • Polymer Modification
  • Adhesive
  • Others
• E-SBR
  • Tires
  • Footwear
  • Construction
  • Polymer Modification
  • Adhesive
  • Others
• S-SBR
  • Tires
  • Footwear
  • Polymer Modification
  • Adhesive
  • Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com