Global Styrene Butadiene Rubber (SBR) Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope
Styrene-butadiene rubber is a synthetic rubber derived from the co-polymers styrene and butadiene. These materials have good abrasion resistance and good age stability when protected by additives.

Sizing and Forecast
The styrene butadiene rubber (sbr) market size has grown strongly in recent years. It will grow from $37.87 billion in 2023 to $40.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%.  The  growth in the historic period can be attributed to cost-effectiveness, durability and resilience, automotive industry demand, availability and consistency, versatility in applications, replacement for natural rubber.

The styrene butadiene rubber (sbr) market size is expected to see strong growth in the next few years. It will grow to $50.61 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.  The growth in the forecast period can be attributed to green and sustainable initiatives, innovation in product development, expansion of automotive sector, infrastructure development, rising demand for high-performance tires. Major trends in the forecast period include technological advancements, sustainable practices and green initiatives, price volatility of raw materials, research and development for enhanced performance, shift towards high-styrene sbr.

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Segmentation & Regional Insights
The styrene butadiene rubber (sbr) market covered in this report is segmented –
1) By Product Type: Emulsion Type, Solution Type
2) By Application: Automotive Tire, Footwear, Polymer Modification, Adhesives, Other Applications
3) By Distribution Channel: Direct/Institutional Sales, Retail Sales, Other Distribution Channels

Asia-Pacific was the largest region in the styrene butadiene rubber (SBR) market in 2023. Western Europe was the second-largest region in the styrene butadiene rubber (SBR) market report. The regions covered in the styrene butadiene rubber (sbr) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Increased use of styrene butadiene rubber (SBR) market in tire manufacturing has contributed to the growth of the SBR market. Styrene-butadiene rubber is one of the key elements in tire manufacturing. Styrene and butadiene monomers are a blend of styrene and butadiene monomers that have natural rubber-like properties. Along with that, they have unique characteristics such as abrasion resistance, perfect impact strength, good resilience, and high tensile strength, which permit them to be suitable for high-end tire manufacturing. Growing sales of automobiles in recent years have led to increased use of SBR by the automobile industry. For instance, in August 2023, according to TireGrades, a US-based website that provides information about automotive tires, each year 300 million tires are sold in US. This has led to an increased demand for SBR from the end-use industry, thus driving the styrene butadiene rubber (SBR) market .

Key Industry Players
Major companies operating in the styrene butadiene rubber (sbr) market report are China National Petroleum Corporation, China Petroleum & Chemical Corp., JSR Corporation, Zeon Corp., British Petroleum plc, Chevron Corporation, Reliance Industries Limited, BASF SE, China Shenhua Energy Company Limited, LyondellBasell Industries Holdings B.V., LG Chemical ltd., Compagnie Générale des Établissements Michelin SCA, Bridgestone Corporation, Sumitomo Chemical Co. Ltd, The Goodyear Tire & Rubber Company, Asahi Kasei Corp., Eastman Chemical Company, Lanxess AG, Kumho Petrochemical Co. Ltd., Versalis S.P.A, Trinseo S.A., Kraton Corporation, LCY Chemicals Corp., Synthos S.A, TSRC Corporation, Manali Petrochemicals Limited, Lion Elastomers LLC, SKC Chemie Pvt. Ltd, Dynasol Group., SIBUR Holding PJSC, Michelin Malaysia Sdn Bhd

The styrene butadiene rubber (sbr) market report table of contents includes:
1. Executive Summary
2. Styrene Butadiene Rubber (SBR) Market Characteristics
3. Styrene Butadiene Rubber (SBR) Market Trends And Strategies
4. Styrene Butadiene Rubber (SBR) Market - Macro Economic Scenario
5. Global Styrene Butadiene Rubber (SBR) Market Size and Growth
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32. Global Styrene Butadiene Rubber (SBR) Market Competitive Benchmarking
33. Global Styrene Butadiene Rubber (SBR) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Styrene Butadiene Rubber (SBR) Market
35. Styrene Butadiene Rubber (SBR) Market Future Outlook and Potential Analysis
36. Appendix