Global Styrene Butadiene Rubber Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Styrene Butadiene Rubber Market Overview:

“The global Styrene Butadiene Rubber Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global styrene butadiene rubber market report has been segmented on the basis of product type, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Styrene butadiene rubber (SBR) is a synthetic rubber obtained by polymerization of styrene and butadiene. Styrene butadiene rubber has high abrasion and heat resistance as compared to natural rubber. The two forms of styrene butadiene rubber are solution based styrene butadiene rubber (S-SBR) and emulsion styrene butadiene rubber (E-SBR).

Increasing demand for styrene butadiene rubber from tire industry is a major factor driving growth of the global styrene butadiene rubber market. In addition, rising demand for styrene butadiene rubber from footwear, construction, and electronics industries is another factor propelling growth of the global market. Moreover, shortage of natural rubber is another factor expected to fuel growth of the global market to a certain extent over the forecast period.

Fluctuating raw material price is a major factor hampering growth of the global styrene butadiene rubber market.

The Asia Pacific styrene butadiene rubber market accounts for highest share in terms of revenue in the global styrene butadiene rubber market and is expected to maintain its dominance in over the forecast period. The Asia Pacific market is expected to witness highest growth in the global market over the forecast period.

This can be attributed to increasing demand of styrene butadiene rubber from automobile industry in countries in the region. The North America styrene butadiene rubber market is expected to witness significant growth and is expected to register a CAGR of X.X% in next 10 years, followed by Europe market. The market in Middle East & Africa is expected to witness considerable growth during the forecast period.

Global styrene butadiene rubber market segmentation:

Segmentation on the basis of product type:

• Emulsion
• Solution

Segmentation on the basis of application:

• Tire
• Footwear
• Polymer modification
• Adhesives
• Others (construction, coatings, and electronics)

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa