Styrene Butadiene Rubber Market Increase In The Use Of Synthetic Rubber In Tire Manufacturing

Styrene Butadiene Rubber Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Styrene Butadiene Rubber Market grew at a CAGR of 4.6% between 2017-2021 and is estimated to be US$ 12,746.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.0% and is expected to reach a valuation of US$ 20,763.4 Mn by 2032 end.

The market is driven by the increase in the use of synthetic rubber in tire manufacturing, which contributed to the growth of the SBR market. The rising uptake of synthetic rubber over natural rubber to manufacture automotive tires and other accessories is expected to moderate demand for natural rubber.

ChemView Consulting has analyzed that Styrene-butadiene rubber is a blend of styrene and butadiene monomers, which is used for manufacturing automobile tires. This play a key role in the growth of the SBR market, especially in recent years. With its unique properties, it has gained popularity in the automobile industry over many years and is still considered one of the best tire types available today.

The styrene-butadiene rubber market consists of sales of styrene-butadiene rubber and related services. Styrene-butadiene rubber is synthetic rubber derived from the co-polymers styrene and butadiene. These materials have good abrasion resistance, and good aging stability when protected by additives, and it’s widely used for different applications.

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Segments Covered in Report

By Type:

  • Emulsion SBR (E-SBR)
  • Solution SBR (S-SBR)
  • Ethylene-propylene-diene (EPDM)

By Application:

  • Tires
  • Footwear
  • Gaskets & Hoses
  • Adhesives & Sealants
  • Conveyor Belts
  • Electric

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Styrene Butadiene Rubber Market

  • Based on the type, Ethylene-propylene-diene had the highest revenue share with 55.0% of the market. It has a high content of diene monomers, which form the bulk of the rubber. EPDM is also protected from weathering and oxidation with additives, making it both bio-degradable as well as resistant to harsh environments.
  • Based on the application, Tire held the largest share by application in the styrene butadiene rubber market. The suitability of this compound to be used as a raw material has made it one of the most popular and widely used products across industries.
  • Based on Region, the North American market held a sizeable revenue share of 24.6%. The U.S. is considered to be one of the most lucrative markets for styrene-butadiene rubber in North America. As demand for automobile tires rises, so too does the demand for tires and latex. These products will fuel the overall demand for styrene butadiene rubber, which is anticipated to increase.

Competition Summary

Key companies covered in the market study are Asahi Kasei, China Petroleum & Chemical, JSR, Chemtura, LANXESS, KUMHO PETROCHEMICAL, Zeon Corporation, LG Chem, Trinseo, ARLANXEO, Bridgestone, Goodyear Rubber Company, Versalis S.p.A., Lion Elastomers, Polimeri Europa.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

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