Styrene Butadiene Rubber (SBR) Based Adhesive Global Market Size, Growth Analysis And Forecast 2024-2033 | BASF SE, 3M Company, Trinseo LLC, Zeon Corporation, Kraton Corporation

" ""The Business Research Company recently released a comprehensive report on the Global Styrene Butadiene Rubber (SBR) Based Adhesive Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The styrene butadiene rubber (SBR) based adhesive market size has grown strongly in recent years. It will grow from $4.8 billion in 2023 to $5.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to flexible packaging, the growth of consumer goods packaging, non-tire rubber products, the shift from solvent-based to water-based formulations, and the expansion of the fashion and footwear industry.

The styrene butadiene rubber (SBR) based adhesive market size is expected to see strong growth in the next few years. It will grow to $6.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increased vehicle production, electric vehicle (EV) expansion, e-commerce expansion, environmental laws, and growing pressure for eco-friendly and low-emission adhesives. Major trends in the forecast period include surface engineering techniques, automated application processes, 3D printing, self-healing properties, and hybrid adhesives.

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Market Drivers and Trends:

The expansion of the construction industry is expected to propel the styrene butadiene rubber (SBR)-based adhesive market going forward. The construction industry is rising due to several reasons, including urbanization, government infrastructure investments, sustainable and green building trends, and industrial development. Styrene butadiene rubber (SBR)-based adhesives enhance the durability and flexibility of construction materials, improving resistance to environmental stress. For instance, in November 2023, according to the Office for National Statistics, a UK-based Statistics Authority office, total new construction work saw an increase of £18,161 million ($22.70 billion), fueled by growth in both the private and public sectors in 2022, which experienced rises of 16.8% and 13.1%, respectively. Therefore, the expansion of the construction industry is driving the growth of the styrene butadiene rubber (SBR)-based adhesive market.

Major companies operating in the styrene butadiene rubber (SBR)-based adhesive market are focusing on developing high-performance materials, such as selective hydrogenation, to enhance the performance and sustainability of their adhesives, aiming to meet the growing demand for environmentally friendly and high-performance bonding solutions in various applications. Selective hydrogenation is a chemical process that involves the addition of hydrogen to specific bonds in unsaturated compounds, improving their stability and performance while preserving other functional groups or structures in the molecule. For instance, in June 2024, Asahi Kasei Corporation, a Japan-based chemical company, launched functionalized hydrogenated styrene butadiene rubber (HSBR) and thermoplastic elastomer (TPE) solutions to reduce the need for fillers such as silica or carbon black. The functionalized hydrogenated solution styrene butadiene rubber (HSBR) features a cutting-edge material that combines excellent processability and compatibility with enhanced resistance to heat, aging, and chemicals. Its unique properties also reduce the reliance on harmful antioxidants such as 6PPD, mitigating environmental risks. Additionally, the increased hardness from hydrogenation allows for lower filler material usage, making it ideal for applications in performance tires, belts, hoses, and other durable rubber products.

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Major Key Players of the Market:

ExxonMobil Chemical Company, BASF SE, 3M Company, Henkel AG & Co. KGaA, Sumitomo Chemical Co. Ltd., Asahi Kasei Corporation, Illinois Tool Works Inc., Sika AG, Avery Dennison Corporation, Versalis S.p.A., Trinseo LLC, Zeon Corporation, Kraton Corporation, Dynasol Group, Euclid Chemical Company, Lion Elastomers LLC, Anglo Adhesives & Services Limited, U.S. Adhesives Inc., Mapei S.p.A., Dunlop Adhesives (Thailand) Limited

Styrene Butadiene Rubber (SBR) Based Adhesive Market 2024 Key Insights:

• The styrene butadiene rubber (SBR) based adhesive market size is expected to see strong growth in the next few years. It will grow to $6.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Construction Industry Propel Growth Of The Styrene Butadiene Rubber (SBR)-Based Adhesive Market
• Innovative Developments In Styrene Butadiene Rubber-Based Adhesives Enhance Performance And Sustainability
• Asia-Pacific was the largest region in the styrene butadiene rubber (SBR) based adhesive market in 2023

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