Styrene Butadiene Rubber (SBR) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Product Type, Application, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030

Format: Online | Last Updated: Nov 2020

[Online Quarterly Update]Global Styrene Butadiene Rubber (SBR) market has witnessed remarkable growth in the past and is estimated to grow moderately at a CAGR of 4.5% during the forecast period. Styrene-butadiene rubber (SBR) is currently the most widely used elastomer among all the synthetic rubbers produced globally. Rising SBR demand for manufacturing tyres for Heavy Commercial Vehicles (HCVs), Light Commercial vehicle (LCVs), passenger cars, belting conveyors and molded goods would propel the demand for SBR in the forecast period.
More than 70% of the SBR produced globally is used in the production of tires for automobiles. With tightened fuel efficiency requirements for automobiles worldwide, there has been growing demand for energy-saving tires not only for passenger cars, but also for large vehicles such as trucks and buses. SBR possesses desirable properties such as better durability, crack resistance, heat-aging and abrasion resistance. Moreover, unlike natural rubber (NR), SBR tends to harden with age instead of softening, due to the increased interlinking of polymer chains due to oxidation. These restraining factors of natural rubber have paved the way for increased SBR consumption for tire manufacturing since the past few years. SBR is also blended with natural rubber for manufacturing pressure-sensitive adhesives (PSAs) used for masking tapes, labels, cloth tapes, and duct tapes. Due to their ease of application, PSA’s are used to bond a wide variety of materials such as papers, plastics, metals, wood and glass used in the building and construction sector. Consumption of rubber adhesives in structural tapes for green buildings has further supported the emerging building technologies. Footwear industry accounts for a much smaller share in the overall SBR market but stimulates the market growth due to rising demand for strong grip athletic shoes and changing fashion trends with rapidly expanding e-commerce. 
Based on the product type, the global SBR market has been categorized into emulsion SBR (ESBR) and solution SBR (SSBR).  Majority (more than 60%) of SBR in the world is being currently produced by the emulsion process, while a lesser percentage by the solution polymerization process. However, it is anticipated that due to their high flexibility and increased usage in high performance tire treads, demand for SSBR would grow tremendously in the forecast period. Moreover, due to SSBR’s well optimization into “green tires” that can match the vision of sustainable mobility and stringent environmental norms, Emulsion SBR would lose grounds to solution SBR (SSBR) in the coming years.
Regionally, Asia Pacific leads the way depicting the largest capacity growth in the upcoming years. The region is also the largest consumer for SBR tires and adhesives across the globe. Anticipating the upcoming market potential, the region is expected to add massive plant capacities and has devised expansion plans of the existing SBR facilities. 
Outbreak of COVID-19 rendered an unabated downfall in the global automobile industry as manufacturers reported unprecedented slump in their sales volumes. Hit by lackluster buying due to virus woes, global vehicle sales are expected to plummet by 22% this year. This unexpected downturn took a toll on the global tire manufacturers who remained shut for nearly a quarter due to nationwide lockdown imposed over economies to curb the spread of coronavirus. Despite reopening of economies, several tire manufacturers continued operating at curtailed rates to grapple with the economic slowdown. American multinational tire company, Goodyear has already announced suspension of all manufacturing sites in the Americas and Europe. Indian based Apollo Tires is scaling back production at its Enschede plant in the Netherlands, halted the car tire production and ramping up production of agriculture tires. These factors weighed over the global SBR market outlook for almost the entire first half of the year. However, players anticipate that SBR sentiments are likely to pick up in the upcoming months as economies are gradually reopening amid tightened supply and rising feedstock costs. Rising demand from other segments such as adhesives and shoe industry would further help to bolster demand for SBR in the forecast period.
Years Considered for this Report:
Historical Years: 2015 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
Objective of the Study: 
•The primary objective of the study was to evaluate and forecast Styrene Butadiene Rubber capacity, production, demand, inventory, and demand–supply gap globally. 
•To categorize Styrene Butadiene Rubber demand based on type, application, region and distribution channel. 
•To identify major customers of Styrene Butadiene Rubber globally.
•To evaluate and forecast Styrene Butadiene Rubber pricing globally.
•To identify and profile major companies operating globally Styrene Butadiene Rubber market.
•To identify major news, deals and expansion plans globally Styrene Butadiene Rubber market.
Some of the major players operating global SBR market are Asahi Kasei Corporation, ARLANXEO, Versalis S.p.A., China national Petroleum Corporation (CNPC), LG Chem., Kumho Petrochemical, LANXESS, JSR Corporation, Sinopec, Trinseo, Sibur and others. Increasing investments and merger and acquisitions across the SBR sector would further augment the growth of the market in the foreseeable future.  
Styrene Butadiene Rubber prices are highly susceptible to the fluctuations and variation in feedstock Styrene and Butadiene which are crude oil derivatives. Amid falling Butadiene and deteriorating margins due to lackluster demand from the automotive sector, SBR prices remained under pressure in the first half of 2020. Price for Non-oil grade SBR turned flat in Q2FY20, hovering between USD 880-900/tonne CFR SE Asia down by 4 per cent than its prices in Q1FY20.
To extract data for Global Styrene Butadiene Rubber market, primary research surveys were conducted with Styrene Butadiene Rubber manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Styrene Butadiene Rubber market over the coming years. 
ChemAnalyst calculated Styrene Butadiene Rubber demand globally by analyzing the historical data and demand forecast which was carried out considering imported styrene prices, a monomer used for production of Styrene Butadiene Rubber. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
Key Target Audience
•Styrene Butadiene Rubber manufacturers and other stakeholders
•Organizations, forums and alliances related to Styrene Butadiene Rubber distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Styrene Butadiene Rubber manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope: 
In this report, the Global Styrene Butadiene Rubber market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Product Type
Emulsion, Solution
Market, by Application
Tire Manufacturing, Adhesives, Footwear, Polymer Modification, and Others
Market, by Distribution Channel
Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region
North America, APAC, Europe, MEA, South America
Market, by Region
North America
United States, Mexico, Canada
China, India, Japan, South Korea, Singapore, Indonesia, Thailand
Germany, Russia, France, United Kingdom, Spain, Italy
Saudi Arabia, UAE, South Africa
South America
Brazil, Argentina, Chile
Competitive Landscape
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis give a comprehensive and meaningful insights on the respective product market.
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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