Styrene Butadiene Rubber (SBR) Market
Styrene Butadiene Rubber (SBR) Market Analysis, By Product Type (Emulsion Styrene Butadiene Rubber Market (E-SBR), Solution Styrene Butadiene Rubber Market (S-SBR), By Application (Tires, Footwear, Polymer Modification, Adhesives) - Global Forecast 2022 to 2032
Analysis of Styrene Butadiene Rubber (SBR) market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Styrene Butadiene Rubber (SBR) Market Outlook (2022 to 2032)
The global styrene butadiene rubber (SBR) market accounts for a value of US$ 9.8 billion currently, and the market is estimated to transcend to a valuation of US$ 16.38 billion by 2032. Demand for styrene butadiene rubber is projected to increase at a steady CAGR of 5.3% from 2022 to 2032.
| Report Attributes | Details |
|---|---|
| Styrene Butadiene Rubber (SBR) Market Size (2022) | US$ 9.8 Billion |
| Predicted Net Value (2032F) | US$ 16.38 Billion |
| Estimated Growth Rate (2022 to 2032) | 5.3% CAGR |
| Asia Pacific SBR Market Share (2032) | 30.1% |
| Key Companies Profiled | Asahi Kasei; ARLANXEO; Bridgestone; LANXESS; MICHELIN; China Petroleum & Chemical; JSR; Rockwood Lithium; AkzoNobel; Chemtura; Reliance Industries Limited; Zeon Corporation; LG Chem; Trinseo; KUMHO PETROCHEMICAL; Goodyear Rubber Company; Versalis S.p.A. |
Increasing styrene-butadiene rubber consumption in the tire manufacturing industry is expected to prominently favor SBR market growth over the coming years. The tire application segment currently accounts for a valuation of US$ 4.44 billion.
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Styrene Butadiene Rubber Consumption Analysis (2017 to 2021) in Comparison to Growth Forecast (2022 to 2032)
The use of rubber has seen a substantial increase across industry verticals over the past few years, and this trend is expected to be rife over the forecast period as well. Consumption of styrene butadiene rubber rose at a CAGR of 3.8% from 2017 to 2021, and the market ended up with a net worth of US$ 9.46 billion in 2021.
Increasing demand for rubber in the automotive industry, rising sales of footwear with rubber soles, rapid industrialization in emerging economies, and increasing demand for high-performance lightweight tires are major factors that are projected to drive styrene butadiene rubber demand throughout the forecast period.
Limited availability of natural rubber is expected to propel the demand for SBR polymers, styrene butadiene rubber latex, styrene butadiene rubber powder, carboxylated styrene butadiene rubber, and other SBR products over the coming years. Rising demand for styrene butadiene rubber in the industrial sector is also expected to crucially guide the market trajectory through 2032.
However, volatility in the pricing of raw materials used for manufacturing SBR, especially butadiene, is expected to have a constraining effect on styrene butadiene rubber market growth.
Other factors such as limited availability of natural rubber and stringent government regulations to conserve the environment are also expected to slow down demand for styrene butadiene rubber through 2032.
Overall, the global SBR market is anticipated to exhibit expansion at a CAGR of 5.3% over the forecast period of 2022 to 2032.
Which Market Factor Majorly Drives Demand for Styrene Butadiene Rubber?
“Rising Sales of Vehicles Driving SBR Consumption in Tire Manufacturing”
Vehicle sales have gone up substantially over the past few years across the world, and this has subsequently increased the demand for tires as well. Styrene butadiene rubber is an important raw material in tire manufacturing, and hence, is expected to see a rise in demand over the years to come.
Increasing demand for lightweight tires for use in electric vehicles is also predicted to favor market growth through 2032. Demand for styrene-butadiene rubber in tire manufacturing is anticipated to be a major driver of overall market growth over the decade.
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What is the Asia Pacific Styrene Butadiene Rubber Market Outlook?
“Asia Pacific Regional Market to Witness Fastest Growth”
The Asia Pacific styrene butadiene rubber market is projected to rise at a higher CAGR of 6.3% and end up at a market valuation of US$ 4.92 billion by the end of 2032.
Rapid industrialization and a flourishing automotive manufacturing sector in the region are expected to influentially drive the sales of styrene butadiene rubber through 2032.
China is expected to lead the demand for styrene butadiene rubber latex in the region, followed by Japan and India, which are also expected to provide new opportunities for market players in the years to come.
Fact.MR, a market research and competitive intelligence provider, has also analyzed other regions in this new styrene butadiene rubber market survey, which has been discussed in full detail in the report.
Country-wise Insights
Why is the United States Such an Important SBR Market?
“Increasing Sales of Vehicles & Rising Use of SBR in Several Industry Verticals”
The United States is the most lucrative market in the region of North America and is regarded as one of the most significant markets on a global scale as well. Increasing popularity of electric vehicles is expected to drive the overall sales of vehicles in the U.S., and this will subsequently drive demand for tires, which will, in turn, propel the sales of styrene butadiene rubber and styrene butadiene rubber latex over the coming years.
Moreover, the presence of major industries and industry players in the nation will further provide rewarding business opportunities to styrene butadiene rubber suppliers in the United States.
At present, the U.S. styrene butadiene rubber market accounts for a major share of 91% in the North American region, and demand in the U.S. is projected to rise at a steady CAGR of 5.1% through 2032.
What Business Opportunities Will China Offer for Styrene Butadiene Rubber Manufacturers?
“Presence of Robust Manufacturing & Automotive Industries to Provide Beneficial Market Opportunities”
Styrene butadiene rubber suppliers are anticipated to witness highly rewarding opportunities in China owing to the presence of a flourishing automotive industry and supportive initiatives to boost manufacturing sector growth. Increasing investments from private investors as well as the government are also expected to create a lucrative backdrop for styrene butadiene rubber market growth in China over the coming years.
Increasing sales of vehicles in the nation and increasing industrialization are also expected to positively influence styrene butadiene rubber consumption through 2032.
Demand for styrene butadiene rubber is projected to expand at a CAGR of 6.7% throughout the forecast period and China is anticipated to account for a revenue total of US$ 2.29 billion by 2032.
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Category-wise Insights
How is the Emulsion Styrene Butadiene Rubber Market Expected to Perform Going Forward?
“Demand for Emulsion SBR to Overall SBR Market Growth”
At present, demand for emulsion SBR accounts for a market revenue of US$ 5.63 billion, and this segment is anticipated to hold a major market share of 59.4% in the global styrene butadiene rubber industry.
On the other hand, demand for solution SBR is projected to rise at a CAGR of 4.8% and end up at an estimated market worth of US$ 6.64 billion by the end of 2032.
Which SBR Application is Anticipated Drive High SBR Market Growth?
“SBR Usage in Tires Projected to Account for Major Revenue Share”
The styrene butadiene rubber market, based on application, is segmented into tires, footwear, polymer modification, adhesives, and other applications. The tires segment currently accounts for a dominant market share and is expected to maintain this stance throughout the forecast period.
Sales of vehicles have risen across the world and this trend is expected to be prevalent over the forecast period as well. As demand for vehicles increases so does the demand for tires which in turn drives styrene butadiene rubber shipments.
Styrene butadiene rubber is a crucial component in tire manufacturing and production and increasing demand for tires will further bolster the styrene butadiene rubber market potential over the coming years.
Demand for styrene butadiene rubber in tire manufacturing applications is projected to rise at a CAGR of 5.6% and account for a revenue of US$ 7.66 billion by 2032.
Competitive Landscape :
Styrene butadiene rubber manufacturers are focusing on creating sustainable butadiene to save their business from being hampered by stringent government mandates that curb the use of chemical manufactured butadiene across various regions.
SBR suppliers are focusing on achieving sustainability in their business models to better fit into the increasingly popular circular economy trends.
- In November 2021, Asahi Kasei, a Japanese multinational chemical firm, announced that it would start producing butadiene by sustainable means through the utilization of plastic waste and biomass. This sustainable butadiene was announced to be supplied to Shell Eastern Petroleum from Asahi Kasei’s plant in Singapore.
Key Segments Covered in Styrene Butadiene Rubber Industry Research
-
By Product Type :
- Emulsion Styrene Butadiene Rubber Market (E-SBR)
- Solution Styrene Butadiene Rubber Market (S-SBR)
-
By Application :
- Tires
- Footwear
- Polymer Modification
- Adhesives
- Other Applications
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Type
- 9.1. Emulsion SBR (E-SBR)
- 9.2. Solution SBR (S-SBR)
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 10.1. Tires
- 10.2. Footwear
- 10.3. Polymer Modification
- 10.4. Adhesives
- 10.5. Other Applications
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Asahi Kasei
- 21.2. ARLANXEO
- 21.3. Bridgestone
- 21.4. LANXESS
- 21.5. MICHELIN
- 21.6. China Petroleum & Chemical
- 21.7. JSR
- 21.8. Rockwood Lithium
- 21.9. AkzoNobel
- 21.10. Chemtura
- 21.11. Reliance Industries Limited
- 21.12. Zeon Corporation
- 21.13. LG Chem
- 21.14. Trinseo
- 21.15. KUMHO PETROCHEMICAL
- 21.16. Goodyear Rubber Company
- 21.17. Versalis S.p.A.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Applicati
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Product Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Product Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By Application, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Product Type, 2022 (E)
Figure 18: North America Market Value Share, By Application, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Product Type, 2022 (E)
Figure 26: Latin America Market Value Share, By Application, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Product Type, 2022 (E)
Figure 34: Europe Market Value Share, By Application, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Product Type, 2022 (E)
Figure 42: South Asia Market Value Share, By Application, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Product Type, 2022 (E)
Figure 50: East Asia Market Value Share, By Application, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Product Type, 2022 (E)
Figure 58: Oceania Market Value Share, By Application, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Product Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Product Type, 2022 (E)
Figure 75: U. S. Market Value Share, By Application, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Product Type, 2022 (E)
Figure 78: Canada Market Value Share, By Application, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Product Type, 2022 (E)
Figure 81: Mexico Market Value Share, By Application, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Product Type, 2022 (E)
Figure 84: Brazil Market Value Share, By Application, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Product Type, 2022 (E)
Figure 87: U. K. Market Value Share, By Application, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Product Type, 2022 (E)
Figure 90: Germany Market Value Share, By Application, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Product Type, 2022 (E)
Figure 93: France Market Value Share, By Application, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Product Type, 2022 (E)
Figure 96: Italy Market Value Share, By Application, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Product Type, 2022 (E)
Figure 99: Spain Market Value Share, By Application, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Product Type, 2022 (E)
Figure 102: Russia Market Value Share, By Application, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Product Type, 2022 (E)
Figure 105: China Market Value Share, By Application, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Product Type, 2022 (E)
Figure 108: Japan Market Value Share, By Application, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Product Type, 2022 (E)
Figure 111: South Korea Market Value Share, By Application, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Product Type, 2022 (E)
Figure 114: India Market Value Share, By Application, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Product Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By Application, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Product Type, 2022 (E)
Figure 120: Australia Market Value Share, By Application, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Product Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By Application, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Product Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Product Type, 2022 (E)
Figure 129: Turkey Market Value Share, By Application, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Product Type, 2022 (E)
Figure 132: South Africa Market Value Share, By Application, 2022 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the value of the global styrene butadiene rubber market?
Currently, the global styrene butadiene rubber (SBR) market stands at US$ 9.8 billion.
What valuation will the SBR market attain by 2032?
The styrene butadiene rubber market is slated to achieve a valuation of around US$ 16.38 billion by 2032.
What CAGR is the styrene butadiene rubber market predicted to experience from 2022 to 2032?
The market for styrene butadiene rubber is expected to expand at a CAGR of 5.3% from 2022 to 2032.
Which application will see high demand for styrene butadiene rubber?
SBR application in tire manufacturing is predicted to hold a major market share of 46.8% by the end of 2032.
What metrics are listed in this styrene butadiene rubber market research report for the APAC region?
The Asia Pacific SBR market is expected to evolve at a CAGR of 6.3% and reach US$ 4.92 billion by 2032.
Which top styrene butadiene rubber suppliers have been profiled in this research?
Key styrene butadiene rubber manufacturers are Asahi Kasei, ARLANXEO, Bridgestone, LANXESS, MICHELIN, China Petroleum & Chemical, JSR, Rockwood Lithium, AkzoNobel, Chemtura, Reliance Industries Limited, Zeon Corporation, LG Chem, and Trinseo.
Styrene Butadiene Rubber (SBR) Market