Solution Styrene Butadiene Rubber (S-SBR) Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

Solution Styrene Butadiene Rubber (S-SBR) Market 

Solution Styrene Butadiene Rubber (S-SBR) Market size is poised to grow significantly over 2024-2032 owing to strong usage in footwear, tire polymer modification, and adhesives & sealants industries. Increasing application outlook in tire manufacturing owing to better processability, excellent wear & grip properties, and high fuel efficiency will drive the S-SBR demand. As per estimates, the global tire market is projected to surpass 6 billion units by 2024. Lately, there has been a consumer shift towards low CO₂ emitting “Green Tires”. The rise in demand for high-quality tires along with favorable regulatory guidelines regarding tire labelling will also drive the market growth.
 

Furthermore, solution styrene butadiene rubber is a bio-based synthetic rubber prominently used in high-performance sports footwear owing to high abrasion resistance, durability, and improved quality. The rising engagement of manufacturers in high-quality shoe production accompanied by the availability of efficient distribution networks, such as retail outlets and online shopping stores may also stimulate the product adoption. However, the fluctuating raw material costs due to volatile crude oil market prices leading to deficit supply may challenge the industry profitability, further slowing down the product uptake to some extent.
 

Solution Styrene Butadiene Rubber (S-SBR) Market Trends

The ongoing shift towards eco-conscious practices is boosting the demand for S-SBR as a key component in modern tire manufacturing. Eco-friendly tires, utilizing S-SBR, offer reduced rolling resistance, improved fuel efficiency, and enhanced mileage. With rising environmental concerns, consumers and regulators are pushing for sustainable solutions in the automotive industry. Green tire technologies, with focus on lower emissions and energy savings, have emerged as a preferred choice. Tire manufacturers worldwide are also increasingly incorporating S-SBR into their formulations to meet the end-user demands, further fueling the market growth. For instance, in May 2023, Kumho Petrochemical and Hankook Tire inked an agreement to collaborate on the development of eco-friendly tires made from eco-solution-polymerized styrene-butadiene rubber.
 

Solution Styrene Butadiene Rubber (S-SBR) Market Analysis  

In terms of application, the S-SBR market from the adhesives & sealant segment is projected to witness high demand from 2024-2032. The growth is driven by the extensive use for disposables, packaging, tapes & labels, lamination, paper coating, and building & construction due to excellent thermal stability, low-temperature performance, viscosity versatility, and wide tackifier compatibility. Furthermore, favorable regulatory guidelines by the U.S. FDA and BGW regarding approval for food contact applications along with the surge in cost-effective materials in pressure-sensitive activities are likely to boost the segment growth.
 

Given the regional landscape, the North America solution styrene butadiene rubber industry is anticipated to grow at a robust growth rate between 2024 and 2032. This is owing to the increasing demand for synthetic products in the automobile sector for tire manufacturing along with growing application scope in packaging, adhesives, and construction industries. A positive outlook towards the footwear industry owing to the availability of various international brand manufacturers will also boost the market expansion across the region.
 

Solution Styrene Butadiene Rubber (S-SBR) Market Share

Leading S-SBR manufacturers are engaged in capacity expansion and new manufacturing facility development initiatives to gain competitive edges. These firms are also focusing on partnership strategies to widen their product portfolio.

Prominent players in the solution styrene butadiene rubber industry are-

• Dynasol
• Sibur Holding JSC
• JSR
• Sumitomo Chemicals
• Asahi Kasie Corporation
• Taiwan Synthetic Rubbers
• Dow Chemical
• China National Petroleum Market
• Lanxess
• Dynasol Elastomers
• Styron
• Chi Mei Corporation
   

Solution Styrene Butadiene Rubber (S-SBR) Industry News

• In December 2023, OMV, an Austrian energy firm, and Synthos, a synthetic rubber maker signed an MOU under to collaborate on sustainability, with an emphasis on the supply of sustainable raw materials, such as butadiene to make S-SBR solutions.