Styrene Butadiene Rubber (SBR) Market Outlook - Supply and Demand Analysis 2025-2034

Styrene Butadiene Rubber (SBR) Market

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.

Global Supply/Demand Outlook

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 2025 and 2034 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.

Regional Market Analysis

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.

Key Market Players

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.

Key Questions Answered in the Report:

• What are the high-growth opportunities and markets for styrene butadiene rubber (SBR) by application and region?

• What are the types of styrene butadiene rubber (SBR) available by region?

• Which segments and regions are projected to grow at a faster pace and why in the styrene butadiene rubber (SBR) market?

• What is the nameplate capacity of styrene butadiene rubber (SBR) by region from 2018 to 2032?

• How does the plant capacity utilisation of styrene butadiene rubber (SBR) vary by region between 2018 and 2034?

• Who are the major players in the styrene butadiene rubber (SBR) market by capacity and region?

• What major plant shutdowns and expansions have occurred in the styrene butadiene rubber (SBR) market in the last year and the last quarter?

• What major plant shutdowns and expansions are planned in the styrene butadiene rubber (SBR) market over the next year and quarters?

• How did export and import dynamics of styrene butadiene rubber (SBR) vary by region in terms of value between 2018 and 2023?

• How did export and import dynamics of styrene butadiene rubber (SBR) vary by region in terms of volume between 2018 and 2023?

• What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of styrene butadiene rubber (SBR)?

• What are the environmental considerations and regulatory impacts affecting the styrene butadiene rubber (SBR) market?

• What technological innovations are having an impact on the production and application of styrene butadiene rubber (SBR)?

• What are the key trends and innovations in the styrene butadiene rubber (SBR) market?

• What are the challenges and opportunities faced by styrene butadiene rubber (SBR) manufacturers?

• What are the potential risks and barriers to entry for new players in the styrene butadiene rubber (SBR) market?

• What strategic investments and expansions have major players made in the styrene butadiene rubber (SBR) market?

• How are geopolitical factors and international trade policies affecting the global styrene butadiene rubber (SBR) market?

• What are the price trends for styrene butadiene rubber (SBR), and how are they expected to change?

• How does the supply chain of styrene butadiene rubber (SBR) operate, and what are its key components?