Styrene Butadiene Rubber Market Size, Latest Trends, Regional Insights Dynamics By 2032

 The global styrene butadiene rubber market is anticipated to create an absolute dollar opportunity by exhibiting a healthy CAGR of 5.5% between 2022 and 2032. The market is expected to reach US$ 10,584.3 Million in 2022 and is anticipated to surpass US$ 18,079.6 Million by 2032.

As per the historic analysis of FMI, styrene-butadiene rubber sales grew at a CAGR of 5.2% between 2016 and 2021, owing to the use of rising applications including tires, footwear, and polyurethane adhesives among others. The rising demand for synthetic and processed rubber is predicted to improve the sales of styrene-butadiene.

End-use industries are rapidly inclining towards synthetic rubber over natural rubber in the automotive tire industry which is expected to bolster growth in the styrene butadiene rubber market. Over recent years, the use of synthetic rubbers such as styrene-butadiene has witnessed impressive growth due to technological advancements coupled with rising applications in the industrial and automotive sectors. Backed by these factors, Future Market Insights (FMI) expects styrene butadiene rubber sales to reach US$ 18,079.6 Mn in 2032.

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https://www.futuremarketinsights.com/reports/sample/rep-gb-5756

Key Companies Profiled

  • Asahi Kasei
  • LANXESS
  • MICHELIN
  • China Petroleum & Chemical
  • ARLANXEO
  • Zeon Corporation
  • LG Chem
  • Trinseo
  • KUMHO PETROCHEMICAL
  • Goodyear Rubber Company
  • Versalis S.p.A.
  • Chemtura
  • JSR
  • Bridgestone
  • Polimeri Europa
  • Lion Elastomers

Competitive Landscape

Leading manufacturers of styrene butadiene rubber primarily focus on developing sustainable butadiene to avoid being impeded by stringent government rules that restrict the use of chemically manufactured butadiene in various regions. To efficiently fit into the increasingly popular circular economy trends, SBR manufacturers are focusing on achieving sustainability in their business models.

Styrene Butadiene Rubber Market by Category

By Type:

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

By Application:

  • Tires
  • Footwear
  • Gaskets & Hoses
  • Adhesives & Sealants
  • Conveyor Belts
  • Electric

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