Styrene Butadiene Rubber Market - Global Industry Analysis

Styrene Butadiene Rubber Market - by Product Type (Emulsion SBR (E-SBR), and Solution SBR (S-SBR)), by Application (Tires, Industrial Use, Footwear, Polymer Modification, Adhesives, and others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 31-Aug-2021 Category: Chemical & Materials Report Format : PDF Pages: 165 Report Code: ZMR-526 Status : Published

The styrene butadiene rubber market accounted for USD 9.6 Billion in 2020 and is expected to reach USD 13.5 Billion by 2028, growing at a CAGR of 4.4% from 2021 to 2028.

Description

Market Overview

The styrene butadiene rubber market accounted for USD 9.6 Billion in 2020 and is expected to reach USD 13.5 Billion by 2028, growing at a CAGR of 4.4% from 2021 to 2028.

Styrene Butadiene rubber is the cheap synthetic general purpose elastomer which is used as substitute for natural rubber. It is produced using polymerization techniques such as free radical polymerization or by solution polymerization. Emulsion SBR (ESBR) continues to lose ground to solution SBR (SSBR) which is better suited for high-performance tires. Nevertheless, emulsion SBR grades still account for more than 75% of the total world capacity as of 2018.

Global-Styrene-Butadiene-Rubber-Market-Overview

COVID-19 Impact Analysis

Since the outbreak of COVID-19 in December 2019, government bodies all over the world declared health emergency. This was affected the major manufacturing industries such as automotive, electrical appliances, consumer goods, and various others. Majority of the raw materials used in these industries require SBR for manufacturing. This was on a halt and hence directly affecting the Styrene Butadiene Rubber Marker. The outbreak of pandemic has affected the world economy and mostly majority of industries were forced to stop production by local authorities.

Growth Factors

The tire is the leading industry in the usage of styrene butadiene rubber. Recently, the countries have imposed the labeling regulations on the tire manufacturers, that is, the tires need to be labeled for effective fuel consumption, wet grip and resistance to rolling. The footwear industry is also growing rapidly which in turn is driving the styrene butadiene market. The styrene butadiene rubber provides better performance and abrasion resistance, thus contributing to the styrene butadiene rubber market to grow rapidly. The other segments that contribute to the market growth are adhesive, polymer modification, and insulation. The polymerization of butadiene with styrene in the ratio of 3:1 forms a synthetic rubber which is known as styrene butadiene rubber. The styrene-butadiene rubber is of two types, solution styrene butadiene rubber (S-SBR) and emulsion styrene butadiene rubber (E-SBR). In the former type, free radicals are used to initiate the process; the later uses the alkyl lithium compound. At the present situation, the emulsion styrene butadiene rubber is used more widely but in the coming years, the solution styrene butadiene rubber will capture the market owing to its better properties. In the past, the tire industry used emulsion styrene butadiene rubber for the production of tires and they were also able to switch between different grades of E-SBR without actually altering the process. But in the recent years, different countries started implementing the labeling regulation.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Application Segment Analysis Preview

The application segment is divided into six sub-segments such as tires, industrial use, footwear, polymer modification, adhesives, and others. Tires contribute of around 40% of global revenue for styrene butadiene rubber market. As majority of SBR is used in tires and other applications it has become a huge and important material for the automotive industry. However recent decline in the automotive industry due to higher fuel prices and COVID -19 impacts, the requirement for SBR has declined drastically on a global scale

Regional Analysis Preview

The styrene butadiene rubber market is led by the Asia Pacific region. The main factor that has made the styrene butadiene market grow is the tire industry. China is the leading country in the tire manufacturing industry. Owing to the reason that the region has low labor and operating cost, the tire manufacturers have shifted their facilities to the Asia Pacific region. The increased middle-class population and economic development in China and India have made a significant growth in the automobile industry which in turn increased the market growth of styrene butadiene rubber.

Countries such as Malaysia, Indonesia, and Thailand have also grown steadily in terms of disposable income, thus contributing to the market growth. Europe is the second largest consumer of the styrene-butadiene rubber. The countries such as Germany and Italy have the largest activities of automobile manufacturing, thus driving the demand of the market.

Global Styrene Butadiene Rubber Market Share

Key Market Players & Competitive Landscape

Major market players in Styrene Butadiene Rubber are Asahi Kasei Corporation, JSR Corporation, ARLANXEO, Lion Elastomers, Versalis SpA, Reliance Industries Limited, Zeon Corporation, LG Chem, Trinseo, KUMHO PETROCHEMICAL, Goodyear Rubber Company, and brief information about 10 companies will also be provided in the report. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

The styrene butadiene rubber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to styrene butadiene rubber market.

Global Styrene Butadiene Rubber Market Regional Analysis

The styrene butadiene rubber market is segmented as follows:

By Type

  • Emulsion SBR (E-SBR)
  • Solution SBR (S-SBR)

By Application

  • Tires
  • Industrial Use
  • Footwear
  • Polymer Modification
  • Adhesives
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Styrene Butadiene Rubber Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Styrene Butadiene Rubber Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Emulsion SBR (E-SBR)
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Sulution SBR (S-SBR)
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Styrene Butadiene Rubber Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Tires
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Industrial
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Footwear
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Pulymer Modification
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Adhesives
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Styrene Butadiene Rubber Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Type, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Type, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Type, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Type, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Type, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Type, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Type, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Type, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7 Styrene Butadiene Rubber Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
    • 7.3. Market Restraints
    • 7.4. Market Opportunities
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Value Chain Analysis
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2020
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 Company Profiles
    • 9.1. Asahi Kasei Corporation
    • 9.2. JSR Corporation
    • 9.3. ARLANXEO
    • 9.4. Lion Elastomers
    • 9.5. Versalis SpA
    • 9.6. Reliance Industries Limited
    • 9.7. Zeon Corporation
    • 9.8. LG Chem
    • 9.9. Trinseo
    • 9.10. KUMHO PETROCHEMICAL
    • 9.11. Goodyear Rubber Company
  • Chapter No. 10 Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11 Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Styrene Butadiene Rubber Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 7. Global Styrene Butadiene Rubber Market for Emulsion SBR (E-SBR), Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Styrene Butadiene Rubber Market for Emulsion SBR (E-SBR), By Country, 2020 & 2028
FIG NO. 9. Global Styrene Butadiene Rubber Market for Solution SBR (S-SBR), Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Styrene Butadiene Rubber Market for Solution SBR (S-SBR), By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 12. Global Styrene Butadiene Rubber Market for Tires, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Styrene Butadiene Rubber Market for Tires, By Country, 2020 & 2028
FIG NO. 14. Global Styrene Butadiene Rubber Market for Industrial, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Styrene Butadiene Rubber Market for Industrial, By Country, 2020 & 2028
FIG NO. 16. Global Styrene Butadiene Rubber Market for Footwear, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Styrene Butadiene Rubber Market for Footwear, By Country, 2020 & 2028
FIG NO. 18. Global Styrene Butadiene Rubber Market for Polymer Modification, Revenue (USD Million) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Styrene Butadiene Rubber Market for Polymer Modification, By Country, 2020 & 2028
FIG NO. 20. Global Styrene Butadiene Rubber Market for Adhesives, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Styrene Butadiene Rubber Market for Adhesives, By Country, 2020 & 2028
FIG NO. 22. Global Styrene Butadiene Rubber Market Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America Styrene Butadiene Rubber Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 24. Porter’s Five Forces Analysis for Global Styrene Butadiene Rubber Market
FIG NO. 25. PEST Analysis for Global Styrene Butadiene Rubber Market
FIG NO. 26. Pricing Analysis for Global Styrene Butadiene Rubber Market
FIG NO. 27. Value Chain Analysis for Global Styrene Butadiene Rubber Market
FIG NO. 28. Company Share Analysis, 2020
FIG NO. 29. Radar Determinant Chart, 2020
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Asahi Kasei Corporation Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Asahi Kasei Corporation Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Product, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology
 


Table Of Tables

List Of Tables 

TABLE NO. 1. Global Styrene Butadiene Rubber Market: Snapshot
TABLE NO. 2. Quarterly Styrene Butadiene Rubber Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Styrene Butadiene Rubber Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Styrene Butadiene Rubber Market for Emulsion SBR (E-SBR), by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Styrene Butadiene Rubber Market for Solution SBR (S-SBR), by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Styrene Butadiene Rubber Market for Tires, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Styrene Butadiene Rubber Market for Industrial, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Styrene Butadiene Rubber Market for Footwear, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Styrene Butadiene Rubber Market for Polymer Modification, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Styrene Butadiene Rubber Market for Adhesives, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Styrene Butadiene Rubber Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 14. North America Styrene Butadiene Rubber Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 15. North America Styrene Butadiene Rubber Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 16. North America Styrene Butadiene Rubber Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 17. U.S. Styrene Butadiene Rubber Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 18. U.S. Styrene Butadiene Rubber Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 19. Canada Styrene Butadiene Rubber Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 20. Canada Styrene Butadiene Rubber Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 21. Mexico Styrene Butadiene Rubber Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 22. Mexico Styrene Butadiene Rubber Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 23. Drivers for the Styrene Butadiene Rubber Market: Impact Analysis
TABLE NO. 24. Restraints for the Styrene Butadiene Rubber Market: Impact Analysis

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FrequentlyAsked Questions

The styrene butadiene rubber market was valued at USD 9.6 Billion in 2020.

The styrene butadiene rubber market is expected to reach USD 13.5 Billion by 2028, growing at a CAGR of 4.4% between 2021 to 2028.

The tire is the leading industry in the usage of styrene butadiene rubber. Recently, the countries have imposed the labeling regulations on the tire manufacturers, that is, the tires need to be labeled for effective fuel consumption, wet grip and resistance to rolling.

The styrene butadiene rubber market is led by the Asia Pacific region. The main factor that has made the styrene butadiene market grow is the tire industry. China is the leading country in the tire manufacturing industry.

Some of key players in the styrene butadiene rubber market includes. Asahi Kasei Corporation, JSR Corporation, ARLANXEO, Lion Elastomers, Versalis SpA, Reliance Industries Limited, Zeon Corporation, LG Chem, Trinseo, KUMHO PETROCHEMICAL, Goodyear Rubber Company, and various others.

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