How Is The Global Styrene Butadiene Rubber (SBR) Based Adhesive Market Defined?
Styrene butadiene rubber (SBR)-based adhesive refers to an adhesive that uses SBR, a synthetic rubber made from styrene and butadiene, as its main component to provide bonding properties. These products are chosen for their ability to withstand stress, resist abrasion, and perform in various environmental conditions.
Styrene Butadiene Rubber (SBR) Based Adhesive Global Market Report 2024 provides data on the global styrene butadiene rubber (sbr) based adhesive market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The styrene butadiene rubber (sbr) based adhesive market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Styrene Butadiene Rubber (SBR) Based Adhesive Market Size Expected To Change, And What Are The Growth Rate Projections?
The styrene butadiene rubber (SBR) based adhesive market has grown strongly, from $4.8 billion in 2023 to $5.1 billion in 2024, a 6.3% compound annual growth rate (CAGR). This growth is driven by the demand for flexible packaging, the expansion of consumer goods packaging, the shift to water-based formulations, and the growth of the fashion and footwear industries. The market is expected to reach $6.52 billion by 2028, fueled by increased vehicle production, the rise of electric vehicles, e-commerce expansion, environmental regulations, and demand for low-emission adhesives. Key trends include surface engineering, automated application processes, 3D printing, self-healing properties, and hybrid adhesives.
Which Drivers Are Accelerating Growth In The Styrene Butadiene Rubber (SBR) Based Adhesive Market?
The growth of the construction industry is anticipated to drive the expansion of the styrene-butadiene rubber (SBR)-based adhesive market. Factors such as urbanization, government investments in infrastructure, sustainable building trends, and industrial development are contributing to this growth. SBR-based adhesives improve the durability and flexibility of construction materials, enhancing their resistance to environmental stress. For instance, according to the Office for National Statistics in November 2023, total new construction work in the UK increased by £18,161 million ($22.70 billion) in 2022, with private and public sector growth rates of 16.8% and 13.1%, respectively. Consequently, the expanding construction industry is propelling the SBR-based adhesive market forward.
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What Are The Core Segments Of The Global Styrene Butadiene Rubber (SBR) Based Adhesive Market?
The styrene butadiene rubber (SBR) based adhesive market covered in this report is segmented –
1) By Type: Solution Types, Emulsion Types
2) By Application: Tapes, Flooring Adhesives, Other Applications
3) By End-Use Industry: Automotive, Construction, Industrial Manufacturing, Packaging, Other End Use Industries
Which Emerging Trends Are Reshaping The Styrene Butadiene Rubber (SBR) Based Adhesive Market Size?
Companies in the SBR-based adhesive market are adopting selective hydrogenation to improve the sustainability and performance of adhesives. This process enhances the stability of materials while reducing environmental risks. For example, in June 2024, Asahi Kasei Corporation, a Japan-based chemical company, launched hydrogenated styrene butadiene rubber (HSBR) solutions. These materials reduce reliance on fillers like silica and harmful antioxidants, offering enhanced durability and compatibility for applications such as performance tires and hoses.
What Is The Largest Region In The Styrene Butadiene Rubber (SBR) Based Adhesive Market?
Asia-Pacific was the largest region in the styrene butadiene rubber (SBR) based adhesive market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the styrene butadiene rubber (SBR) based adhesive marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
