Styrene Butadiene Rubber (SBR) Market Analysis, Emerging Trends, Top Players, Key Drivers, And Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Styrene Butadiene Rubber (SBR) Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

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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Key Market 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

Market Drivers:

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 .

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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

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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