Styrene Butadiene Rubber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers SBR Market Manufacturers & Analysis. The Market is Segmented by Type (Emulsion SBR and Solution SBR), Application (Tires, Adhesives, Footwear, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The Market Size and Forecasts are Provided in Terms of Revenue (USD) for all the Above Segments.

Styrene Butadiene Rubber (SBR) Market Size

Styrene Butadiene Rubber (SBR) Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 13.86 Billion
Market Size (2029) USD 16.15 Billion
CAGR (2024 - 2029) 3.86 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Styrene Butadiene Rubber (SBR) Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Styrene Butadiene Rubber (SBR) Market Analysis

The Styrene Butadiene Rubber Market size is estimated at USD 13.86 billion in 2024, and is expected to reach USD 16.15 billion by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).

COVID-19 negatively impacted the styrene butadiene rubber market. Lockdown measures, factory closures, and restrictions on transportation hampered the movement of goods and affected the availability of SBR and its feedstock materials. As lockdowns were lifted, the increased demand for goods and services led to a rebounding demand for SBR used in various applications.

  • Increasing sales of natural rubber and SBR crossover products and the rise in demand for SBR from the adhesives and sealants industry are the significant drivers expected to drive the styrene butadiene rubber market.
  • On the flip side, fluctuation in the volatile raw materials and the substitution by sustainable materials are expected to hinder the growth of the market.
  • Innovation in performance additives and the increasing demand from infrastructure development projects are expected to provide opportunities to the styrene butadiene rubber market.
  • The Asia-Pacific region dominated the styrene butadiene market and is projected to retain its dominance over the forecast period.

Styrene Butadiene Rubber (SBR) Market Trends

Adhesives Segment to Dominate the Market

  • SBR offers a balance of properties, including good adhesion, durability, and flexibility, making it suitable for formulating a wide range of adhesives for diverse applications. SBR-based adhesives can bond to various substrates, including metals, plastics, wood, paper, and textiles, making them versatile and applicable in many industries.
  • SBR-based adhesives offer excellent adhesion to various surfaces, providing strong and durable bonds in packaging, construction, automotive, footwear, and woodworking applications. SBR's ability to form cohesive and adhesive bonds contributes to its dominance in the adhesive segment.
  • Styrene butadiene rubber has been applied to improve the properties of tires. It helps reduce rolling resistance and increases fuel efficiency. It also improves tire wet grip and braking performance. In addition, it protects the tire from wear and tear to prolong its life.
  • According to the estimate released by the US Tire Manufacturers Association, about 6.3 million original equipment and 23.1 million replacement truck tires were shipped to the United States in 2022.
  • Furthermore, according to the Bureau of Labor Statistics estimate, the US producer price index for passenger car pneumatic tires was 180.2 index points at the end of 2022.
  • The construction and packaging industries are significant consumers of SBR-based adhesives for bonding carpets, tiles, laminates, tapes, labels, and packaging materials. The demand for SBR-based adhesives is projected to rise as these industries keep growing worldwide, strengthening the dominance of the adhesive segment in this market.
  • In 2022, the value of new building projects in current prices increased by 15.8% to a record high of GBP 132,989 million (USD 168,060.19 million) in Great Britain. This is due to increased private and public sector employment of GBP 14,093 million (USD 17809.54 million) and GBP 4,068 million (USD 5118.05), respectively.
  • This increase in demand for styrene butadiene rubber, which will help the market grow during the upcoming period, is a result of these factors.
Styrene Butadiene Rubber (SBR) Market: U.S. Original Equipment Truck Tire Shipments, 2019 - 2022

Asia-Pacific to Dominate the Market

  • Asia-Pacific is home to a wide range of industries that are significant consumers of SBR, including automotive, construction, footwear, textiles, and packaging. The region's rapid industrialization, urbanization, and economic growth drive demand for SBR-based products in various applications, such as tires, conveyor belts, adhesives, shoe soles, and asphalt modifiers.
  • Asia-Pacific, particularly China, is a central manufacturing hub for synthetic rubber production, including SBR. The region benefits from abundant feedstock availability, well-established petrochemical infrastructure, and competitive manufacturing costs, making it attractive for SBR production. China, in particular, accounts for a significant share of global SBR production capacity.
  • According to the estimate released by the China Automotive Association Manufacturers (CAAM), in China, about 23.56 million passenger cars and 3.3 million commercial vehicles were sold in 2022.
  • According to the estimate released by the Society of Indian Automobile Manufacturers, in 2022, India became the world's biggest producer of two wheels. This segment has also dominated the country's market. More than 15.8 million units of two-wheelers were sold domestically in South Asian countries during the financial year 2022.
  • Asia Pacific is a significant producer and consumer of footwear and textiles, extensively using SBR-based materials. SBR is commonly used in shoe soles, heels, and athletic footwear due to its durability, abrasion resistance, and flexibility. The region's growing population and increasing disposable incomes drive demand for SBR-based footwear and textiles.
  • India is the second largest footwear producer after China, with around 219 million pairs of footwear produced during FY 2022.
  • Thus, the abovementioned factors are expected to increase the demand for styrene butadiene rubber, majorly from the Asia-Pacific region.
Styrene Butadiene Rubber (SBR) Market - Styrene Butadiene Rubber (SBR) Market - Growth Rate by Region

Styrene Butadiene Rubber (SBR) Industry Overview

The styrene butadiene rubber (SBR) market is consolidated among the top players. The key players include Asahi Kasei Corporation, Arlanxeo, Lanxess, Versalis SpA, and LG Chem, among others.

Styrene Butadiene Rubber (SBR) Market Leaders

  1. Asahi Kasei Corporation

  2. Versalis S.p.A.


  4. LG Chem


*Disclaimer: Major Players sorted in no particular order

Styrene Butadiene Rubber Market - Market Concentration.jpg
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Styrene Butadiene Rubber (SBR) Market News

  • December 2023: Synthos signed a Memorandum of Understanding (MOU) with Kumho Tire - a leading South Korean tire manufacturer. This collaboration is intended to develop sustainable raw materials for tires.
  • April 2023: Hainan Baling Chemical New Material Co. Ltd, a subsidiary of China Petroleum & Chemical Corporation, started the production of production of its styrene-butadiene copolymer (SBC) in Hainan, China. This is intended to produce 170,000 tons of SBR annually. The company invested USD 279.74 million in this project.

Styrene-Butadiene Rubber (SBR) Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Usage of Natural Rubber and SBR Crossover Products

      2. 4.1.2 Increasing Demand from Adhesives and Sealants Industry

    2. 4.2 Restraints

      1. 4.2.1 Volatile Raw Material Prices

      2. 4.2.2 Substitution by Sustainable Materials

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 By Type

      1. 5.1.1 Emulsion SBR

      2. 5.1.2 Solution SBR

    2. 5.2 By Application

      1. 5.2.1 Tyres

      2. 5.2.2 Adhesives

      3. 5.2.3 Footwear

      4. 5.2.4 Other Applications (Construction Materials)

    3. 5.3 By Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Thailand

        6. Malaysia

        7. Vietnam

        8. Indonesia

        9. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. United Kingdom

        2. France

        3. Germany

        4. Italy

        5. Spain

        6. Turkey

        7. Russia

        8. NORDIC

        9. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Colombia

        4. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. South Africa

        2. Saudi Arabia

        3. Nigeria

        4. Egypt

        5. Qatar

        6. United Arab Emirates

        7. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ARLANXEO

      2. 6.4.2 Asahi Kasei Corporation

      3. 6.4.3 China Petrochemical Corporation

      4. 6.4.4 Dynasol Group

      5. 6.4.5 ENEOS Corporation

      6. 6.4.6 Kemipex


      8. 6.4.8 LANXESS

      9. 6.4.9 LG Chem

      10. 6.4.10 Sumitomo Chemical Asia Pte Ltd

      11. 6.4.11 Synthos

      12. 6.4.12 Trinseo

      13. 6.4.13 Versalis SpA

    5. *List Not Exhaustive

    1. 7.1 Innovation in Performance Additives

    2. 7.2 Increasing Demand from the Infrastructure Development Projects

**Subject to Availability
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Styrene Butadiene Rubber (SBR) Industry Segmentation

Styrene butadiene rubber (SBR) is a synthetic rubber copolymer derived from the polymerization of styrene and butadiene. It is one of the majorly widely used synthetic rubbers because of its excellent abrasion resistance, good aging properties, and high resilience. SBR offers a balance of properties, making it suitable for various applications across various industries.

The styrene butadiene rubber market is segmented by type, application, and geography. By type, the market is segmented into emulsion SBR and solution SBR. The market is segmented by application into tires, adhesives, footwear, and other applications (construction materials). By geography, the market is segmented into Asia-Pacific, North America, Europe, South America, and Middle East & Africa. The report also covers the market size and forecasts for the styrene butadiene rubber market in 27 countries across major regions. The market sizing and forecasts are made for each segment based on revenue (USD).

By Type
Emulsion SBR
Solution SBR
By Application
Other Applications (Construction Materials)
By Geography
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
United Arab Emirates
Rest of Middle East & Africa
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Styrene-Butadiene Rubber (SBR) Market Research FAQs

The Styrene Butadiene Rubber Market size is expected to reach USD 13.86 billion in 2024 and grow at a CAGR of 3.86% to reach USD 16.15 billion by 2029.

In 2024, the Styrene Butadiene Rubber Market size is expected to reach USD 13.86 billion.

Asahi Kasei Corporation, Versalis S.p.A., ARLANXEO, LG Chem and LANXESS are the major companies operating in the Styrene Butadiene Rubber Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Styrene Butadiene Rubber Market.

In 2023, the Styrene Butadiene Rubber Market size was estimated at USD 13.33 billion. The report covers the Styrene Butadiene Rubber Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Styrene Butadiene Rubber Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

SBR Industry Report

Statistics for the 2024 SBR market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. SBR analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Styrene Butadiene Rubber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)