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Styrene Butadiene Rubber (SBR) Market Size (2024 - 2029)

The styrene butadiene rubber market is projected to experience growth over the forecast period, driven by increased demand from various applications, particularly in the adhesives and sealants industry. Despite challenges such as raw material volatility and competition from sustainable alternatives, the market is expected to benefit from innovations in performance additives and infrastructure development projects. The Asia-Pacific region currently leads in market dominance and is anticipated to maintain this position.

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Market Size of Styrene Butadiene Rubber (SBR) Industry

Styrene Butadiene Rubber (SBR) Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 13.86 Billion
Market Size (2029) USD 16.15 Billion
CAGR (2024 - 2029) 3.86 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Styrene Butadiene Rubber (SBR) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Styrene Butadiene Rubber (SBR) Market Analysis

The Styrene Butadiene Rubber Market size is estimated at USD 13.86 billion in 2024, and is expected to reach USD 16.15 billion by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).

COVID-19 negatively impacted the styrene butadiene rubber market. Lockdown measures, factory closures, and restrictions on transportation hampered the movement of goods and affected the availability of SBR and its feedstock materials. As lockdowns were lifted, the increased demand for goods and services led to a rebounding demand for SBR used in various applications.

  • Increasing sales of natural rubber and SBR crossover products and the rise in demand for SBR from the adhesives and sealants industry are the significant drivers expected to drive the styrene butadiene rubber market.
  • On the flip side, fluctuation in the volatile raw materials and the substitution by sustainable materials are expected to hinder the growth of the market.
  • Innovation in performance additives and the increasing demand from infrastructure development projects are expected to provide opportunities to the styrene butadiene rubber market.
  • The Asia-Pacific region dominated the styrene butadiene market and is projected to retain its dominance over the forecast period.

Styrene Butadiene Rubber (SBR) Industry Segmentation

Styrene butadiene rubber (SBR) is a synthetic rubber copolymer derived from the polymerization of styrene and butadiene. It is one of the majorly widely used synthetic rubbers because of its excellent abrasion resistance, good aging properties, and high resilience. SBR offers a balance of properties, making it suitable for various applications across various industries.

The styrene butadiene rubber market is segmented by type, application, and geography. By type, the market is segmented into emulsion SBR and solution SBR. The market is segmented by application into tires, adhesives, footwear, and other applications (construction materials). By geography, the market is segmented into Asia-Pacific, North America, Europe, South America, and Middle East & Africa. The report also covers the market size and forecasts for the styrene butadiene rubber market in 27 countries across major regions. The market sizing and forecasts are made for each segment based on revenue (USD).

By Type
Emulsion SBR
Solution SBR
By Application
Tyres
Adhesives
Footwear
Other Applications (Construction Materials)
By Geography
Asia-Pacific
China
India
Japan
South Korea
Thailand
Malaysia
Vietnam
Indonesia
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
United Kingdom
France
Germany
Italy
Spain
Turkey
Russia
NORDIC
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Nigeria
Egypt
Qatar
United Arab Emirates
Rest of Middle East & Africa
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Styrene Butadiene Rubber (SBR) Market Size Summary

The styrene butadiene rubber (SBR) market is poised for growth, driven by increasing demand across various industries such as automotive, construction, and adhesives. SBR's unique properties, including good adhesion, durability, and flexibility, make it a preferred choice for a wide range of applications, from tires to adhesives. The market is expected to experience a steady expansion over the forecast period, despite challenges such as raw material volatility and competition from sustainable alternatives. The Asia-Pacific region, particularly China, plays a pivotal role in this market due to its robust industrial base, competitive manufacturing costs, and significant production capacity. The region's rapid urbanization and economic growth further bolster the demand for SBR-based products.

The market landscape is characterized by the presence of major players like Asahi Kasei Corporation, Arlanxeo, Lanxess, Versalis SpA, and LG Chem, who are actively involved in strategic collaborations and expansions to enhance their market position. Innovations in performance additives and the increasing demand from infrastructure projects present lucrative opportunities for market growth. The construction and packaging industries are significant consumers of SBR-based adhesives, with rising demand expected as these sectors continue to expand globally. Despite the challenges, the market's growth trajectory is supported by ongoing developments and investments in production capabilities, particularly in the Asia-Pacific region.

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Styrene Butadiene Rubber (SBR) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Usage of Natural Rubber and SBR Crossover Products

      2. 1.1.2 Increasing Demand from Adhesives and Sealants Industry

    2. 1.2 Restraints

      1. 1.2.1 Volatile Raw Material Prices

      2. 1.2.2 Substitution by Sustainable Materials

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Type

      1. 2.1.1 Emulsion SBR

      2. 2.1.2 Solution SBR

    2. 2.2 By Application

      1. 2.2.1 Tyres

      2. 2.2.2 Adhesives

      3. 2.2.3 Footwear

      4. 2.2.4 Other Applications (Construction Materials)

    3. 2.3 By Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Thailand

        6. 2.3.1.6 Malaysia

        7. 2.3.1.7 Vietnam

        8. 2.3.1.8 Indonesia

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 United Kingdom

        2. 2.3.3.2 France

        3. 2.3.3.3 Germany

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Turkey

        7. 2.3.3.7 Russia

        8. 2.3.3.8 NORDIC

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East & Africa

        1. 2.3.5.1 South Africa

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Nigeria

        4. 2.3.5.4 Egypt

        5. 2.3.5.5 Qatar

        6. 2.3.5.6 United Arab Emirates

        7. 2.3.5.7 Rest of Middle East & Africa

Styrene Butadiene Rubber (SBR) Market Size FAQs

The Styrene Butadiene Rubber Market size is expected to reach USD 13.86 billion in 2024 and grow at a CAGR of 3.86% to reach USD 16.15 billion by 2029.

In 2024, the Styrene Butadiene Rubber Market size is expected to reach USD 13.86 billion.

SBR Market Report Snapshots

Styrene Butadiene Rubber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)