The global styrene butadiene rubber (SBR) market is expected to grow at a CAGR of 5.3% from 2022 to 2032. The growth of the market is driven by the increasing demand for SBR in various end-use industries, such as automotive, construction, and consumer goods.
SBR is a synthetic rubber that is produced by the polymerization of styrene and butadiene monomers. It is a versatile material that can be used in a wide range of applications. SBR is known for its good mechanical properties, such as tensile strength, tear strength, and abrasion resistance. It is also resistant to chemicals and weathering.
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The increasing demand for SBR in the automotive industry is one of the key drivers of the market. SBR is used in the production of tires, belts, and hoses. The growth of the automotive industry in developing countries, such as China and India, is expected to drive the demand for SBR in the coming years.
The construction industry is another major end-use market for SBR. SBR is used in the production of roofing membranes, gaskets, and sealants. The increasing demand for infrastructure development in developing countries is expected to boost the demand for SBR in the construction industry.
Key Companies Profiled
- Asahi Kasei
- ARLANXEO
- Bridgestone
- LANXESS
- MICHELIN
- China Petroleum & Chemical
- JSR
- Rockwood Lithium
- AkzoNobel
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Recent developments in Styrene Butadiene Rubber (SBR) Market
In 2022, Lanxess announced the expansion of its SBR production capacity in China. The expansion is expected to be completed in 2023 and will increase Lanxess’s SBR production capacity in China by 50%.
- In 2022, ExxonMobil announced the launch of a new SBR grade that is designed for use in high-performance tires. The new grade is expected to improve the performance of tires in terms of wear resistance, fuel efficiency, and wet traction.
- In 2022, JSR announced the development of a new SBR grade that is made from renewable materials. The new grade is expected to help JSR reduce its environmental impact.
