Global "Solution
styrene butadiene rubber (S-SBR) Market" 2025 Industry research report covers the industry overview with
Marketplace Size, Share, Development, futuristic cost, earnings, demand and
distribution data. Its vast repository offers an analytical summary of the
marketplace that can help to the new and existing player to take a significant
decision.
In this report, we
thoroughly examine and analyse the Global market for Solution styrene
butadiene rubber (S-SBR) so that market participants can improve their
business strategy and ensure long-term success. This report provides players
with useful information and suggests result-based ideas to give them a
competitive advantage in the global Solution styrene butadiene rubber
(S-SBR) industry. It will show how other players compete in the global Solution
styrene butadiene rubber (S-SBR) Market and explain the strategies you use
to differentiate yourself from other participants.
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Industry Insights
In 2016, the global
solution styrene butadiene rubber (S-SBR) market size was valued at USD 2.51
billion. The demand for S-SBR in footwear and tire applications is increasing
owing to its high synthetic flexibility is expected to drive market growth.
The automotive companies
are developing vehicles with high performance and durability, resulting in
stringent tire performances specifications. The S-SBR is the only material for
the manufacture of high performance tires. The growth in the automotive
industry is expected to have a positive impact in S-SBR market.
The increasing awareness
regarding fuel saving coupled with technological advancements in tire rubbers
is anticipated to show low dissipation energy such as high traction during
braking, low abrasion, and low rolling resistance. S-SBR reduces the rolling
resistance of vehicles, increases the fuel efficiency and improves the wet grip
of tires is likely to replace emulsion styrene butadiene rubber (E-SBR) with
S-SBR.
The increasing exports of
tires together with the rising demand for high-performance tires from importing
countries is anticipated to drive the market growth of S-SBR market. The
utilization of S-SBR in tires is growing owing to the tire labelling regulation
of European Union regarding the improvement in tire grades.
The fluctuating prices of
raw material are most likely to hamper the S-SBR global market growth. In
addition, S-SBR is expected to have a negative impact on the environment owing
to its petrochemical origin. However, the utilization of bio-based butadiene is
anticipated to reduce the environmental hazards linked with S-SBR.
Application Insights
The tire industry accounted
for over 81% of the total revenue share in 2016. The rising demand for S-SBR in
high-performance tire manufacturing owing to its high fuel efficiency coupled
with improved performance is likely to fuel over the projected period.
In terms of volume, the
footwear industry was the second largest application. The application of the
product in athletic shoes is on the rise owing to its grip and improved
performance is likely to propel market demand. Furthermore, the availability of
products through e-commerce platforms together with the changing fashion trends
is expected to propel market demand.
The utilization of S-SBR in
polymer modification process results in improving the end-product quality; as a
result, it is utilized in the construction of roads and pavement. In addition,
the application of S-SBR in the construction industry is for the alteration of
cement and asphalt. These applications are likely to aid the market growth of S-SBR.
The share of polymer
modification & footwear is anticipated to decline over the forecast period
owing to the rising demand for the product in tire manufacturing together with
the high supply-demand gap.
The S-SBR has numerous
application in the adhesive industry such as caulking, lamination paper
coating, and wall tiles. The demand for the product in the adhesive industry is
likely to have a positive growth owing to rising application process of S-SBR
together with the rapid advent of technology.
The substantial growth in
demand for S-SBR in the tire industry is anticipated to have an adverse effect
on its demand in other applications. The substitution of styrene isoprene
styrene (SIS) in tires is likely to have a positive impact on the demand of S-SBR
over the projected period.
Regional Insights
Asia Pacific accounted for
over 39.3% of the global volume in 2016. The leadership of Asia Pacific is
majorly on account of the demand of S-SBR in developing economies including
China, India, and Japan. China is the largest market for tire manufacturing,
resulting in high demand for S-SBR in the economy.
Europe was the second
largest region based on volume in 2016. The tire labeling regulations of
European Union is likely to boost the demand of S-SBR in the European
economies. Furthermore, the stringent regulations regarding winter tires usage
are anticipated to aid the demand of S-SBR.
Germany is the automotive
hub for production and consumption of numerous vehicles. The high demand in the
economy has led to the emergence of various tire manufacturing companies such
as Herbert, and Styron, resulting in increasing demand for S-SBR in Germany.
The demand for S-SBR in
Italy is expected to witness the fastest growth as compared to its counterparts
owing to the rising utilization of high-performance tires in automotive
manufacturing companies including Fiat, Alfa Romeo, Lancia, Ferrari, Maserati,
and Lamborghini. Furthermore, the improved specifications of tires coupled with
safety awareness among consumers are most likely to aid the market growth of
the product.
Competitive Insights
The key players in the
market such as China National Petroleum Corporation (CNPC) and Sinopec are
vertically integrated including the manufacture of raw materials (styrene &
butadiene) and further polymerizing to produce synthetic rubber in order to
reduce the overall cost of S-SBR.
The complex manufacturing
process of S-SBR reduces the competition in the market. The companies dealing
with S-SBR include Dynasol, JSR, Sinopec, and Laxness. In addition, these
companies are investing in improving the supply chain by vertical integration.
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