As per a report by ChemAnalyst titled “Global Styrene Butadiene Rubber (SBR) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035,” it is projected that the Styrene Butadiene Rubber (SBR) market will reach 9,200 thousand tonnes by the year 2035, exhibiting a compound annual growth rate (CAGR) of 4.07% over the same period. This growth is primarily attributed to the increasing demand for Styrene Butadiene Rubber (SBR) from various sectors such as the tire industry, conveyor belt manufacturing, shoe sole production, and other end-use industries.
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SBR, the most widely utilized synthetic rubber globally, is created through the copolymerization of butadiene (75%) and styrene (25%) in the presence of free radical initiators. It possesses superior stability and mechanical properties compared to conventional rubber. Notably, SBR becomes harder rather than losing its structure upon oxidation, owing to enhanced polymer chain interlinking. Its applications encompass tire manufacturing, gear couplings, automotive components, industrial rubber products, footwear soles and heels, and adhesive usage in latex form.
The global expansion of the Styrene Butadiene Rubber (SBR) market is primarily driven by its exceptional attributes, including high durability, resistance to cracking, high-temperature tolerance, and wear resistance. These characteristics position SBR as a favored choice in tire production. The tire industry represents a significant portion of the SBR market, accounting for approximately 84% of the global market share in 2021. This dominance is expected to continue into the forecast period, mainly due to the escalating demand for tires, fueled by rapid urbanization and increased requirements for commercial vehicles, such as trucks and personal cars.
The Styrene Butadiene Rubber (SBR) market is categorized based on type, end-use, sales channel, and region. In terms of type, it is divided into Emulsion Styrene Butadiene Rubber and Solution Styrene Butadiene Rubber. Concerning end-use, it finds applications in tires, conveyor belts, shoe soles, and other sectors. The tire industry is the primary driver of the global SBR market due to the toughness and abrasion resistance offered by Styrene Butadiene Rubber, which is particularly essential for Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVs), and passenger cars. Increased demand from sectors such as conveyor belts and shoe soles is expected to further boost SBR demand in the forecasted period.
In terms of demand, the Asia Pacific region stands as the leading consumer of Styrene Butadiene Rubber (SBR) among all other regions, commanding a market share of approximately 40% in 2021. Moreover, in the production aspect, Asia Pacific is also at the forefront, particularly with South Korea being the leading nation in SBR production.
The key players operating in the Styrene Butadiene Rubber (SBR) market, as highlighted in the report “Global Styrene Butadiene Rubber (SBR) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035,” include Korea Kumho Petrochemical, PetroChina Company Limited, Synthos Group, Goodyear Tire and Rubber, Groupo Dynasol, Trinseo, JSR Corporation, TSRC Corporation, Sinopec Qilu Petrochemicals, Bridgestone Corporation, LANXESS AG, Versalis, Lion Copolymer, and Shenhua Chemical Industrial.
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https://www.chemanalyst.com/industry-report/styrene-butadiene-rubber-sbr-market-279
The continuously growing demand for Styrene Butadiene Rubber (SBR) as a vital raw material in vehicle tire manufacturing is expected to propel the global SBR market through the forecasted period until 2035. Its remarkable properties, including durability, crack resistance, high-temperature tolerance, and wear resistance, position it as a viable alternative to traditional rubber, further driving its market presence in tire and other product manufacturing. Mr. Karan Chechi, Research Director at TechSci Research, a research-based management consulting firm associated with ChemAnalyst worldwide, expressed this viewpoint.
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