Global Styrene Butadiene Rubber (SBR) Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

27 Oct, 2021

The styrene butadiene rubber market consists of sales of styrene butadiene rubber and related services. Styrene butadiene rubber is synthetic rubber derived from the co-polymers styrene and butadiene. These materials have good abrasion resistance and good aging stability when protected by additives.

Global Styrene Butadiene Rubber (SBR) Market Size And Drivers:

The global styrene butadiene rubber (SBR) market is expected to grow from $10.24 billion in 2020 to $12.9 billion in 2021 at a compound annual growth rate (CAGR) of 26%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.58 billion in 2025 at a CAGR of 6%. Increased use of styrene butadiene rubber in tire manufacturing contributed to the growth of the SBR market.

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Trends In The Global Styrene Butadiene Rubber (SBR) Market

Major companies in the styrene butadiene rubber industry are increasingly investing in artificial intelligence (AI) to enhance decisions making abilities and thus drive profits. The companies in this industry gather huge amounts of raw data relating to the working of plant and other infrastructure through a large number of sensors placed across the production site. Using big data analytics, the companies can detect sensible patterns which can allow them to quickly react to unwanted changes or potential defects, thus saving costs. AI allows the companies to take better operational decisions. Companies such as Zhongce Rubber Group and Yokohama Rubber have been increasingly investing in AI technology to have a centralized method of data management and support data integration across multiple applications.

Global Styrene Butadiene Rubber (SBR) Market Segments:
The global styrene butadiene rubber (SBR) market is further segmented –
By Product Type: Emulsion Type, Solution Type
By Application: Automotive Tire, Footwear, Polymer Modification, Adhesives, Others
By Distribution Channel: Direct/Institutional Sales, Retail Sales, Other Channel Sales
By Geography: The global styrene butadiene rubber (SBR) market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Styrene Butadiene Rubber (SBR) Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides styrene butadiene rubber (SBR) market overviews, analyzes and forecasts market size and growth for the global styrene butadiene rubber (SBR) market, styrene butadiene rubber (SBR) market share, styrene butadiene rubber (SBR) market players, styrene butadiene rubber (SBR) market segments and geographies, styrene butadiene rubber (SBR) market’s leading competitors’ revenues, profiles and market shares. The styrene butadiene rubber (SBR) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.