The styrene butadiene rubber (SBR) based adhesive market size has exhibited strong growth recently, projected to increase from $4.8 billion in 2023 to $5.1 billion in 2024, with a compound annual growth rate (CAGR) of 6.3%. This growth during the historic period is largely driven by factors such as flexible packaging, the expansion of consumer goods packaging, non-tire rubber products, the transition from solvent-based to water-based formulations, and the growth of the fashion and footwear industry. Looking ahead, the SBR-based adhesive market size is anticipated to reach $6.52 billion by 2028, with a CAGR of 6.4%. This forecasted growth is attributed to rising vehicle production, the expansion of electric vehicles (EVs), the growth of e-commerce, stricter environmental laws, and increasing demand for eco-friendly and low-emission adhesives. Major trends expected during this period include advancements in surface engineering techniques, automated application processes, the rise of 3D printing, development of self-healing properties, and the emergence of hybrid adhesives.
The expansion of the construction industry is expected to drive the styrene butadiene rubber (SBR)-based adhesive market. This industry's growth results from urbanization, government investments, and trends towards sustainable building. SBR-based adhesives enhance durability and flexibility, improving resistance to environmental stress. For instance, in November 2023, the Office for National Statistics reported a £18,161 million ($22.70 billion) increase in construction work, reflecting growth in both private and public sectors. Thus, the expanding construction industry supports the SBR-based adhesive market.
Get A Free Sample Of The Styrene Butadiene Rubber (SBR) Based Adhesive Market ReportThe 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
By Geography:The regions covered in the styrene butadiene rubber (SBR) based adhesive marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
ExxonMobil Chemical Company, BASF SE, 3M Company, Henkel AG & Co. KGaA, Sumitomo Chemical Co. Ltd., Asahi Kasei Corporation, Illinois Tool Works Inc., Sika AG, Avery Dennison Corporation, Versalis S.p.A., Trinseo LLC, Zeon Corporation, Kraton Corporation, Dynasol Group, Euclid Chemical Company, Lion Elastomers LLC, Anglo Adhesives & Services Limited, U.S. Adhesives Inc., Mapei S.p.A., Dunlop Adhesives (Thailand) Limited
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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 2023 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.