Industry Statistics
Industry Statistics
A kind of synthetic rubber elastomer, styrene butadiene rubber (SBR) is obtained from butadiene and styrene. It is extremely cost effective, durable and resistant to abrasion. It is extensively used in the automotive industry for manufacturing tires, seat belts, and other vehicle components. It is also utilised for insulating electrical wired and manufacturing shoe soles. The leading application of SBR is in the production of automotive tire, which holds around 80% of the market share.
The global styrene butadiene rubber (SBR) market stood at a volume of around of 4,750 KT in 2023. The market is estimated to grow at a CAGR of 4.30% between 2024 and 2032 to reach a volume of about 6,851.8 KT by 2032. The key factors propelling the SBR market are the increasing automotive production and the rising demand for synthetic rubbers in footwear manufacturing. The automotive industry is a major consumer of SBR and is anticipated to remain the largest market in the forecast period. This growth can be attributed to the increasing demand for passenger vehicles and the robust expansion of the EV market, boosting tire production.
The global capacity of SBR was about 6,500 KT in 2023. It is estimated to reach 8,500 KT by 2032. Asia Pacific holds the major share of SBR capacities representing around more than 50% of the global production capacity. North America and Europe follow closely behind. The plant capacity utilisation of SBR stood at 77% in 2023.
In terms of consumption, the Asia Pacific has emerged as the leading market, holding more than 50% market share. The increasing penetration of automobile companies, growing EV market especially in countries like China, and the low labour costs boosting footwear production in the region support the demand for SBR from key end use industries.
The top 4 manufacturers of SBR on a global scale are Kumho Petrochemical Co., Ltd., Synthos Group, Group Dynasol, and JSR Corporation. Among these, Kumho Petrochemical is the market leader and holds approximately 6% of the global SBR capacity. This Korea-based company is mainly involved in the production and distribution of synthetic rubber and operates its business through four units. Styrene-butadiene rubber (SBR), butadiene rubber (BR), and latex, among others are manufactured and sold through the company’s Synthetic Rubber business unit.
Other major manufacturers of SBR are BASF SE, Asahi Kasei Corporation, LG Chem Ltd., LyondellBasell Industries N.V., Lanxess AG, Versalis S.P.A, Michelin, Bridgestone Corporation, and Reliance Industries Ltd.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Key Assumptions
4 Global Styrene Butadiene Rubber (SBR) Market Analysis, In Volume (Thousand Tonnes)
4.1 Global Styrene Butadiene Rubber (SBR) Historical Market (2018-2023)
4.2 Global Styrene Butadiene Rubber (SBR) Market Forecast (2024-2032)
4.3 Global Styrene Butadiene Rubber (SBR) Market Supply Analysis, By Type
4.3.1 Emulsion SBR
4.3.1.1 Company Wise Name Plate Capacity (2018-2032)
4.3.2 Solution SBR
4.3.2.1 Company Wise Name Plate Capacity (2018-2032)
4.4 Global Styrene Butadiene Rubber (SBR) Market Production Analysis, By Type
4.4.1 Emulsion SBR
4.4.1.1 Production (2018-2032)
4.4.2 Solution SBR
4.4.2.1 Production (2018-2032)
4.5 Global Styrene Butadiene Rubber (SBR) Market Demand Analysis, By Type
4.5.1 Emulsion SBR
4.5.1.1 Demand Analysis and Forecast (2018-2032)
4.5.2 Solution SBR
4.5.2.1 Demand Analysis and Forecast (2018-2032)
4.6 Global Styrene Butadiene Rubber (SBR) Market Demand Analysis, by Application
4.6.1 Automotive Tires
4.6.1.1 Demand Analysis and Forecast (2018-2032)
4.6.2 Footwears
4.6.2.1 Demand Analysis and Forecast (2018-2032)
4.6.3 Gaskets and Hoses
4.6.3.1 Demand Analysis and Forecast (2018-2032)
4.6.4 Adhesives and Sealants
4.6.4.1 Demand Analysis and Forecast (2018-2032)
4.6.5 Conveyor Belts
4.6.5.1 Demand Analysis and Forecast (2018-2032)
4.6.6 Others
4.7 Global Styrene Butadiene Rubber (SBR) Market by Region
4.7.1 North America
4.7.1.1 Demand Analysis and Forecast (2018-2032)
4.7.1.2 Market by Type (2018-2032)
4.7.1.3 Market by Application (2018-2032)
4.7.2 Europe
4.7.2.1 Demand Analysis and Forecast (2018-2032)
4.7.2.2 Market by Type (2018-2032)
4.7.2.3 Market by Application (2018-2032)
4.7.3 Asia Pacific
4.7.3.1 Demand Analysis and Forecast (2018-2032)
4.7.3.2 Market by Type (2018-2032)
4.7.3.3 Market by Application (2018-2032)
4.7.4 Latin America
4.7.4.1 Demand Analysis and Forecast (2018-2032)
4.7.4.2 Market by Type (2018-2032)
4.7.4.3 Market by Application (2018-2032)
4.7.5 Middle East and Africa
4.7.5.1 Demand Analysis and Forecast (2018-2032)
4.7.5.2 Market by Type (2018-2032)
4.7.5.3 Market by Application (2018-2032)
4.8 Global Styrene Butadiene Rubber (SBR) Supply Demand Gap, By Region
4.8.1 North America
4.8.1.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.2 Europe
4.8.2.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.3 Asia Pacific
4.8.3.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.4 Latin America
4.8.4.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.5 Middle East and Africa
4.8.5.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
5 North America Styrene Butadiene Rubber (SBR) Market Analysis
5.1 United States of America
5.1.1 Demand Analysis and Forecast (2018-2032)
5.1.2 Demand Supply Gap
5.2 Canada
5.2.1 Demand Analysis and Forecast (2018-2032)
5.2.2 Demand Supply Gap
6 Europe Styrene Butadiene Rubber (SBR) Market Analysis
6.1 Germany
6.1.1 Demand Analysis and Forecast (2018-2032)
6.1.2 Demand Supply Gap
6.2 UK
6.2.1 Demand Analysis and Forecast (2018-2032)
6.2.2 Demand Supply Gap
6.3 France
6.3.1 Demand Analysis and Forecast (2018-2032)
6.3.2 Demand Supply Gap
6.4 Italy
6.4.1 Demand Analysis and Forecast (2018-2032)
6.4.2 Demand Supply Gap
6.5 Spain
6.5.1 Demand Analysis and Forecast (2018-2032)
6.5.2 Demand Supply Gap
6.6 Others
7 Asia Pacific Styrene Butadiene Rubber (SBR) Market Analysis
7.1 China
7.1.1 Demand Analysis and Forecast (2018-2032)
7.1.2 Demand Supply Gap
7.2 Japan
7.2.1 Demand Analysis and Forecast (2018-2032)
7.2.2 Demand Supply Gap
7.3 India
7.3.1 Demand Analysis and Forecast (2018-2032)
7.3.2 Demand Supply Gap
7.4 South Korea
7.4.1 Demand Analysis and Forecast (2018-2032)
7.4.2 Demand Supply Gap
7.5 ASEAN
7.5.1 Demand Analysis and Forecast (2018-2032)
7.5.2 Demand Supply Gap
7.6 Australia
7.6.1 Demand Analysis and Forecast (2018-2032)
7.6.2 Demand Supply Gap
7.7 Others
8 Latin America Styrene Butadiene Rubber (SBR) Market Analysis
8.1 Brazil
8.1.1 Demand Analysis and Forecast (2018-2032)
8.1.2 Demand Supply Gap
8.2 Argentina
8.2.1 Demand Analysis and Forecast (2018-2032)
8.2.2 Demand Supply Gap
8.3 Mexico
8.3.1 Demand Analysis and Forecast (2018-2032)
8.3.2 Demand Supply Gap
8.4 Others
9 Middle East and Africa Styrene Butadiene Rubber (SBR) Market Analysis
9.1 Saudi Arabia
9.1.1 Demand Analysis and Forecast (2018-2032)
9.1.2 Demand Supply Gap
9.2 United Arab Emirates
9.2.1 Demand Analysis and Forecast (2018-2032)
9.2.2 Demand Supply Gap
9.3 Nigeria
9.3.1 Demand Analysis and Forecast (2018-2032)
9.3.2 Demand Supply Gap
9.4 South Africa
9.4.1 Demand Analysis and Forecast (2018-2032)
9.4.2 Demand Supply Gap
9.5 Others
10 Growth Opportunities and Strategic Analysis
10.1 Supply Chain Analysis and Its Component
10.2 Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in the Last One Year and the Last one Quarter
10.3 Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in Next One Year and the Next one
10.4 Impact Analysis in Price and Demand after Force Majeure Events, and Plant Closures
10.5 Environmental Considerations and Government Regulations
10.6 Technology Innovation and Its Impact on Production and Application
10.7 Challenges and Opportunities Faced by Existing Manufacturers
10.8 Potential Risks and Barriers to Entry for New Players
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Kumho Petrochemical Co., Ltd.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio and Major Grades
11.2.1.3 Capacity by Location
11.2.1.4 Expansion Plan
11.2.1.5 Major Consumers
11.2.1.6 Revenue from POI
11.2.1.7 Technological Innovation and Sustainability
11.2.2 Synthos Group
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio and Major Grades
11.2.2.3 Capacity by Location
11.2.2.4 Expansion Plan
11.2.2.5 Major Consumers
11.2.2.6 Revenue from POI
11.2.2.7 Technological Innovation and Sustainability
11.2.3 Group Dynasol
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio and Major Grades
11.2.3.3 Capacity by Location
11.2.3.4 Expansion Plan
11.2.3.5 Major Consumers
11.2.3.6 Revenue from POI
11.2.3.7 Technological Innovation and Sustainability
11.2.4 JSR Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio and Major Grades
11.2.4.3 Capacity by Location
11.2.4.4 Expansion Plan
11.2.4.5 Major Consumers
11.2.4.6 Revenue from POI
11.2.4.7 Technological Innovation and Sustainability
11.2.5 Asahi Kasei Corporation
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio and Major Grades
11.2.5.3 Capacity by Location
11.2.5.4 Expansion Plan
11.2.5.5 Major Consumers
11.2.5.6 Revenue from POI
11.2.5.7 Technological Innovation and Sustainability
11.2.6 LG Chem Ltd.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio and Major Grades
11.2.6.3 Capacity by Location
11.2.6.4 Expansion Plan
11.2.6.5 Major Consumers
11.2.6.6 Revenue from POI
11.2.6.7 Technological Innovation and Sustainability
11.2.7 LyondellBasell Industries N.V.
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio and Major Grades
11.2.7.3 Capacity by Location
11.2.7.4 Expansion Plan
11.2.7.5 Major Consumers
11.2.7.6 Revenue from POI
11.2.7.7 Technological Innovation and Sustainability
11.2.8 Lanxess AG
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio and Major Grades
11.2.8.3 Capacity by Location
11.2.8.4 Expansion Plan
11.2.8.5 Major Consumers
11.2.8.6 Revenue from POI
11.2.8.7 Technological Innovation and Sustainability
11.2.9 Versalis S.P.A
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio and Major Grades
11.2.9.3 Capacity by Location
11.2.9.4 Expansion Plan
11.2.9.5 Major Consumers
11.2.9.6 Revenue from POI
11.2.9.7 Technological Innovation and Sustainability
11.2.10 Michelin
11.2.10.1 Company Overview
11.2.10.2 Product Portfolio and Major Grades
11.2.10.3 Capacity by Location
11.2.10.4 Expansion Plan
11.2.10.5 Major Consumers
11.2.10.6 Revenue from POI
11.2.10.7 Technological Innovation and Sustainability
11.2.11 Bridgestone Corporation
11.2.11.1 Company Overview
11.2.11.2 Product Portfolio and Major Grades
11.2.11.3 Capacity by Location
11.2.11.4 Expansion Plan
11.2.11.5 Major Consumers
11.2.11.6 Revenue from POI
11.2.11.7 Technological Innovation and Sustainability
11.2.12 Reliance Industries Ltd.
11.2.12.1 Company Overview
11.2.12.2 Product Portfolio and Major Grades
11.2.12.3 Capacity by Location
11.2.12.4 Expansion Plan
11.2.12.5 Major Consumers
11.2.12.6 Revenue from POI
11.2.12.7 Technological Innovation and Sustainability
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Styrene Butadiene Rubber (SBR) Market: Key Industry Highlights, 2018 and 2032
2. Global Styrene Butadiene Rubber (SBR) Market Supply Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
3. Global Styrene Butadiene Rubber (SBR) Market Production Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
4. Global Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
5. Global Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
6. Global Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Region (Thousand Tonnes), 2018-2032
7. Global Styrene Butadiene Rubber (SBR) Market Supply Demand Gap: Breakup by Region (Thousand Tonnes), 2018-2032
8. North America Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
9. North America Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
10. North America Styrene Butadiene Rubber (SBR) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
11. North America Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
12. Europe Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
13. Europe Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
14. Europe Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
15. Europe Styrene Butadiene Rubber (SBR) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
16. Asia Pacific Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
17. Asia Pacific Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
18. Asia Pacific Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
19. Asia Pacific Styrene Butadiene Rubber (SBR) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
20. Latin America Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
21. Latin America Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
22. Latin America Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
23. Latin America Styrene Butadiene Rubber (SBR) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
24. Middle East and Africa Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
25. Middle East and Africa Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
26. Middle East and Africa Styrene Butadiene Rubber (SBR) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
27. Middle East and Africa Styrene Butadiene Rubber (SBR) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
28. Global Styrene Butadiene Rubber (SBR) Market Structure
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