Styrene Butadiene Rubber (SBR) Market Outlook to 2025 – Industry Size, Company Share, Price Trends, & Geographical Analysis with Forecast
The global styrene butadiene rubber market is broadly classified on the basis of product type, market and geographies. Asia Pacific exhibited the largest consumption demand for SBR, with China dominating the consumption share of styrene butadiene rubber.
Dallas, United States – April 29, 2021 /MarketersMedia/ —
Research report on styrene butadiene rubber market is an extensive, professional analysis bringing research data which will be relevant for new entrants and recognized players. Global styrene butadiene rubber (SBR) market is expected to be valued at USD 7.9 billion by 2025. The demand for solution styrene butadiene rubber in tire and footwear applications is growing owing to its high synthetic flexibility and is anticipated to drive market growth.
The global styrene butadiene rubber market is bifurcated based on product and application. The product segment is further classified into solution SBR and emulsion SBR. Emulsion styrene butadiene rubber (SBR) market is the largest segment in the global SBR market owing to the low-cost of production. Furthermore, shift in demand from the end users for high-performance tires is growing the popularity of the S-SBR in the global market.
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The competitive landscape of global SBR market is highly fragmented owing to the presence of several local players. Companies including China National Petroleum Corporation, Kumho Petrochemical Co., Ltd, Asahi Kasei Corporation, Sumitomo Chemical Company, ZEON Corporation, Trinseo S.A., LANXESS Aktiengesellschaft, Bridgestone Corporation, JSR Corporation and The Goodyear Tire & Rubber Company amongst others.
Increasing demand for high-performance tires from the automotive industry is expected to propel the tire manufacturing sector’s demand for using higher specification raw materials. Also, requirement for high fuel-efficiency in automotive sector is building the demand for tires with low rolling resistance, which in turn is estimated to drive the growth for SBR in the tire industry. On the other hand, stringent regulations for the emission of toxic fumes at the time of production process of SBR is one of the major impeding factor for SBR manufacturers and is expected to restraint the growth of the global SBR market.
Increasing awareness for fuel efficient solution coupled with advancement in technology for production of tire rubbers is anticipated to demonstrate low dissipation energy such as low rolling resistance, low abrasion and high traction during braking. Solution based styrene butadiene rubber reduces the rolling resistance of automobiles thus, surges the fuel efficacy and improves the grip of tires and is expected to replace E-SBR with S-SBR.
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Countries such as India and China are relishing the low-cost labor advantage in the automotive industry, which accounts for the maximum consumption of SBR. Europe is also marking its growth in the global SBR market owing to strong automotive industry in the region. The consumption of S-SBR in automobile industry majorly in tires is increasing due to tire labelling regulation imposed by the European Union for the development in different tire grades.
Key segments of the global styrene butadiene rubber (SBR) market
Application Overview, 2014 – 2025 (Kilotons) (USD million)
Tire Manufacturing
Footwear
Polymer Modification
Adhesives
Others
Product Types Overview, 2014 – 2025 (Kilotons) (USD million)
Emulsion
Solution
Regional Overview, 2014 – 2025 (Kilotons) (USD million)
North America
U.S.
Rest of North America (Canada)
Europe
Spain
UK
Italy
France
Germany
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Japan
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Chile
Argentina
Rest of Latin America
Middle East & Africa
GCC
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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