Asia Pacific to Lead Styrene Butadiene Rubber (SBR) Market Growth at 6.3% CAGR through 2032: Fact.MR Research

Increasing Sales Of Vehicles, Rising Use Of Rubber In Various Industry Verticals, And Rapid Industrialization Are Set To Drive Demand For Styrene Butadiene Rubber Across The Forecast Period

Rockville, Maryland, UNITED STATES

United States, Rockville, MD, June 07, 2022 (GLOBE NEWSWIRE) -- The styrene butadiene rubber market study projects the market to top a valuation of US$ 16 billion by 2032, up from the current market worth of US$ 9.8 billion. Consumption of styrene butadiene rubber is predicted to increase at a CAGR of 5.3% from 2022 to 2032, as this new research by Fact.MR, a market research and competitive intelligence provider, suggests.

Rising sales of vehicles and expansion of the automotive industry on a global scale are expected to prominently drive demand for styrene butadiene rubber throughout the forecast period. Styrene-butadiene rubber is extensively used in the manufacturing of tires, and this is expected drive its sales as demand for tires increases. Increasing use of styrene butadiene rubber in various other applications such as footwear manufacturing, polymer modification, adhesives, etc., is also expected to drive marker expansion.

However, the volatile nature of the pricing of raw materials used to produce styrene butadiene rubber and strict government norms to regulate the use of rubber to reduce its harmful impact on the environment are expected to hinder SBR market growth potential to some extent.

Key styrene butadiene rubber manufacturers are deploying various strategies to bolster their business potential. For instance, some styrene butadiene rubber suppliers are diversifying their businesses to focus on specific ventures.

  • In November 2021, Trinseo, a material manufacturing company based in the United States, announced that it would start a formal sales process of its styrenics businesses in 2022.

For more insights into the Market, Get A Sample of this Report!

Key Takeaways from Market Study

  • Currently, the styrene butadiene rubber market accounts for US$ 9.8 billion.
  • The styrene butadiene rubber market is predicted to rise at a CAGR of 5.3% and reach approximate valuation of US$ 16.38 billion by 2032
  • Volatility in raw material pricing and stringent government mandates for environment conservation are expected to restrain consumption of styrene butadiene rubber to some extent.
  • The APAC styrene butadiene rubber market is estimated to expand at a CAGR of 6.3% and account for US$ 4.92 billion by the end of 2032.
  • Application of styrene butadiene rubber in tires is anticipated to reach US$ 7.66 billion by 2032.

“Increasing industrialization and flouring automotive industry in Asia Pacific region will provide highly beneficial opportunities for market players through 2032,” says a Fact.MR analyst

For Comprehensive Insights Ask An Analyst Here
Winning Strategy

Styrene butadiene rubber manufacturers are focusing on achieving sustainability in their business models to comply with increasingly strict government norms regarding the use of rubber across various applications.

Styrene-butadiene rubber suppliers are expected to increase their focus on manufacturing emulsion SBR and solution SBR owing to the finite availability of natural rubber.

Key Segments Covered in Styrene Butadiene Rubber Industry Research

SBR Market by Product Type :

  • Emulsion Styrene Butadiene Rubber Market (E-SBR)
  • Solution Styrene Butadiene Rubber Market (S-SBR)

SBR Market by Application :

  • Tires
  • Footwear
  • Polymer Modification
  • Adhesives
  • Other Applications

SBR Market by Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Get Customization on this Report for Specific Research Solutions

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global styrene butadiene rubber market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of product type (emulsion SBR, solution SBR) and application (tires, footwear, polymer modification, adhesives, other applications), across five major regions (North America, Latin America, Europe, APAC, and MEA).

About the Chemicals and Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analyzed the chemicals and materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

Explore More Chemical and Materials Industry Reports:

Polyisobutene Market Outlook - The global sales of Polyisobutene in 2021 was held at US$ 2.2 Billion. With 7.5%, the projected market growth during 2022-2032 is expected to be slightly higher than the historical growth. The global polyisobutene market is expected to reach US$ 4.8 Billion by 2032. 

Europe High Temperature Coatings Market Outlook - Consumption of high temperature coatings across Europe is estimated to reach a value of US$ 2.15 billion by the end of 2032, up from US$ 1.46 billion at present, expanding at a CAGR of 3.9% during the forecast years of 2022-2032.

Hyaluronic Acid Market Outlook (2022-2032) - Sales of hyaluronic acid are predicted to increase at a CAGR of 7.9% from 2022 to 2032, At present, the global hyaluronic acid market stands at a valuation of US$ 11.31 billion and is estimated to rake in revenue worth US$ 24.11 billion by the end of 2032.

Europe Ductile Iron Pipes Market - The ductile iron pipes market in Europe has reached a valuation of US$ 1.16 billion in 2022. Projections are that ductile iron pipe sales across the region will increase at a CAGR of 3.4% to push the market to US$ 1.63 billion by the end of 2032.

Europe Alkyl Polyglucoside Market Outlook (2022-2032) - During the projected period, the Europe alkyl polyglucoside market is predicted to grow at a CAGR of 5% across the 2022-2032 period of assessment.
High Temperature Plastics (HTP) Market - The global high temperature plastics (HTP) market is poised to increase at a CAGR of 5.8% and reach a market size of US$ 28.51 billion by 2032, up from a market valuation of US$ 15.56 billion at the end of 2021.

Europe Plastic Protective Packaging Market Outlook (2022-2032) - Growth in the Europe Plastic Protective Packaging market is attributed to rapid growth in the different manufacturing industries worldwide, propelling the market growth during the assessment years.

Europe Nanocrystalline Soft Magnetic Materials Market - The Europe nanocrystalline soft magnetic materials market is expected to grow at a value of 15.13% by garnering a market revenue of US$ 450 Million from US$ 110 Million 2032.

U.S. Ductile Iron Pipes Market - The United States ductile iron pipes market is valued at US$ 1.21 billion and is estimated to climb to US$ 1.88 billion by the end of 2032, expanding at a CAGR of 4.4% during the forecast years of 2022-2032. 

Electronic Thermal Management Materials (ETMM) Market - The global electronic thermal management materials (ETMM) market stands at a net worth of US$ 2.22 billion in 2022 and is estimated to attain a net value of US$ 4.96 billion by the end of 2032.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.


Mahendra Singh

US Sales Office:

11140 Rockville Pike

Suite 400

Rockville, MD 20852


Tel: +1 (628) 251-1583