Styrene Butadiene Rubber Market

Global Styrene Butadiene Rubber Market Analysis and Opportunity Assessment by Type, Application, and Region and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 8,016.5 Mn between 2022 and 2032.

Category: Chemicals & Materials


ID: CVC-00425


Format: PDF+Excel Dataset


Published Date: October 2022


Pages: 270

Styrene Butadiene Rubber Market Size Analysis

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.

Market Dynamic


The demand for rubber is increasing especially in emerging economies, and this trend is expected to continue creating opportunities for synthetic rubbers including SBR.

Tire manufacturers are focusing on developing green and high-performance tires, such as eco-friendly tires and biodegradable tires. Increasing initiatives by several manufacturers for the development of eco-friendly tires have also driven the demand for synthetic rubber in recent years.


Changes in crude oil prices have a direct impact on synthetic rubber prices. The global synthetic rubber market is also highly dependent on weather and climate conditions. Temperature variations, extreme weather conditions, rotation of crops and animal husbandry industries, as well as advancements in farming techniques are some examples of changes that affect rubber demand and supply globally.


Tyre Recycling Solutions (TRS) and Trinseo, a global materials solutions provider and manufacturer of synthetic rubber such as SBR, and other materials, signed an agreement to conduct research & development activities. They provide recycled technology for tires. Both companies will use each other’s technology expertise to aid tire manufacturers globally in developing sustainable tire formulations.

COVID-19 Impact

The COVID-19 pandemic impacted the global growth prospects of the synthetic rubber industry. When the production per capita declines and rubber prices continue to increase, manufacturers, who operate in a more competitive market than a year ago, take action such as reducing their production capabilities. Thus, this negatively impacted growth of the synthetic rubber industry.

Styrene Butadiene Rubber Market

Market 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)

Segment-Wise Analysis

Why are Ethylene-propylene-diene projected to ensure the most revenue during the forecast period?

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. The hardness of EPDM makes it an excellent insulator in cold climates with temperatures below freezing.

Why is the Tire Segment expected to expand the fastest during the forecast period?

In 2021, 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.

Additionally, its demand is projected to increase due to increasing vehicle sales coupled with increasing demand for lightweight tires for automobiles and SUVs worldwide.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In 2021, 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.
  • The Asia Pacific styrene butadiene rubber market will continue to dominate the global styrene butadiene rubber market during the forecast period, with a CAGR of 5.4%. Demand for tires, which is largely generated by Asian countries, has been surging and is expected to further fuel the growth of the Asia Pacific styrene butadiene rubber market.

Competition Analysis

With a focus on providing sustainable solutions, manufacturers of styrene butadiene rubber are developing technologies that are integrated into the circular economy. These initiatives help to avoid being impeded by governmental restrictions regarding chemically-manufactured butadiene.

Some of the key developments that have taken place in the Styrene Butadiene Rubber Market include:

  • In November 2021, Asahi Kasei, a multinational chemical firm based in Japan, recently declared it would start making butadiene from biomass and plastic waste sustainably. It was revealed that Shell Eastern Petroleum would receive sustainable butadiene from the Singapore plant of Asahi Kasei.
  • In March 2019, At the Tire Technology Expo in Hanover, Germany, Trinseo unveiled a new grade of multi-functionalized Solution Styrene Butadiene Rubber (S-SBR) and SPRINTANTM 918S. This enhances fuel economy.

A list of some of the key suppliers present in the market are:

  • Asahi Kasei
  • China Petroleum & Chemical
  • Zeon Corporation
  • LG Chem
  • Trinseo
  • Goodyear Rubber Company
  • Versalis S.p.A.
  • Chemtura
  • JSR
  • Bridgestone
  • Polimeri Europa
  • Lion Elastomers

Report Coverage and Highlights

  • 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.
Research Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Type, Application, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request
  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.0%.

Increasing R&D activities regarding tire manufacturing may boost the demand for styrene-butadiene rubbers due to the increasing interest in designing lightweight, high-performance, and maintenance-free as well as environmentally friendly tires.

Major global Styrene Butadiene Rubber Market players 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.

Numerous chemical elements included in synthetic rubber are harmful to human health. Therefore, shortly, the market growth of styrene-butadiene rubber may be hampered by rising demand for natural rubber due to biodegradability.

The North American region is expected to account for the largest market revenue share in the Global Styrene Butadiene Rubber market.

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