Market Size of Styrene Butadiene Rubber (SBR) Industry
| 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
*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.
