Styrene Butadiene Rubber Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

Published: Jan 2022

Pages: 120

SKU: IRTNTR45835

Snapshot

The styrene butadiene rubber market share is expected to increase by 1316.80 thousand units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.20%.

This styrene butadiene rubber market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers styrene butadiene rubber market segmentation by product (E-SBR and S-SBR), application (tire and others), and geography (APAC, Europe, North America, South America, and MEA). The styrene butadiene rubber market report also offers information on several market vendors, including Asahi Kasei Corp., Bridgestone Corp., Exxon Mobil Corp., JSR Corp., Kumho Petrochemical Co. Ltd., LG Chem Ltd., Saudi Arabian Oil Co., SIBUR Holding PJSC, Synthos SA, and Versalis Spa among others.

What will the Styrene Butadiene Rubber Market Size be During the Forecast Period?

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Styrene Butadiene Rubber Market: Key Drivers, Trends, and Challenges

The increasing demand from the automotive industry is notably driving the styrene butadiene rubber market growth, although factors such as fluctuating cost of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the styrene butadiene rubber industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Styrene Butadiene Rubber Market Driver

One of the key factors driving the global styrene butadiene rubber market growth is the increasing demand from the automotive industry. The automotive sector holds the maximum share of the SBR market in terms of consumption. SBR is used extensively in the industry for the production of tires, and the upsurge in the price of natural rubber has impelled tire manufacturers to widely replace the product with SBR as it exhibits strong durability and rolling resistance. The demand for SBR is expected to increase during the forecast period as well owing to its application in the manufacturing of gaskets, vibration isolators, tuned dampers, belts, bump stops, and spring aids. The rising number of automobiles across the globe and the increasing demand for SBR for numerous applications, including both tire and non-tire, would stimulate the growth of the global SBR market.

Key Styrene Butadiene Rubber Market Trend

Rising demand for bio-based feedstock is another key factor driving the global styrene butadiene rubber market growth. The development of renewable chemicals for the production of rubber is growing rapidly on the grounds of achieving sustainability. High prices and the indefinite supply of petroleum raw materials and natural rubber have stimulated the use of renewable feedstock for the production of synthetic rubber. Major players in the SBR market are focusing on producing synthetic rubber from bio-based raw materials. Sugar, glycerin, and other plant-based raw materials are evolving as economically viable materials to replace conventional feedstocks, including butadiene and isoprene. Industrial biotechnology companies, including Gevo, Amyris, and Genomatica, are focusing on producing bio-based rubber constituents made from sugar. The intermittent focus of the major market players to achieve cost-effectiveness and sustainability through the development of bio-based feedstock will positively impact the growth of the global synthetic rubber market during the forecast period.

Key Styrene Butadiene Rubber Market Challenge

One of the key challenges to the global styrene butadiene rubber market growth is the fluctuating cost of raw materials. The synthetic rubber market has witnessed volatility in the price of monomers in the last few years. The price of petrochemicals is dependent on the price of natural gas and crude oil. The supply-demand imbalances and the volatile political situation in the Middle East, the world's leading reservoir of oil, have led to an increase in the volatility in the price of crude oil in the overseas market, which has resulted in a significant increase in the price of the major petrochemicals. The price of crude oil is expected to rise over the forecast period, as the largest suppliers of crude oil, Russia and Saudi Arabia, are planning for a supply cut, which will negatively impact the growth of the market in focus during the forecast period.

This styrene butadiene rubber market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global styrene butadiene rubber market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the styrene butadiene rubber market during the forecast period.

Who are the Major Styrene Butadiene Rubber Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the styrene butadiene rubber market encompasses successful business strategies deployed by the key vendors. The styrene butadiene rubber market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Exxon Mobil Corp. - The company offers Exxon chlorobutyl 1066, natural rubber, SBR 1712 blend, and others as styrene butadiene rubber which is readily blended with other materials to improve processibility or take advantage of material properties from other types of rubber

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The styrene butadiene rubber market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Styrene Butadiene Rubber Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the styrene butadiene rubber market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global commodity chemicals market includes the following core components:

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Styrene Butadiene Rubber Market?

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51% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for styrene butadiene rubber in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The significant increase in investments of automobile manufacturers and the establishment of production plants by western manufacturers in emerging economies such as South Korea, Japan, China, and India will facilitate the styrene butadiene rubber market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 has hampered the growth of the regional SBR market. The manufacturing industry in the region has been highly affected by the restrictions imposed to control the spread of the pandemic, as the production units have been closed or the production process has been halted. This had a negative impact on the growth of the regional SBR market in 2020. However, with market growth is expected to witness a surge over the forecast period.

What are the Revenue-generating Product Segments in the Styrene Butadiene Rubber Market?

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The styrene butadiene rubber market share growth by the E-SBR segment will be significant during the forecast period. The significant increase in the demand for footwear, adhesives, technical goods, tires, and treads will drive the growth of the E-SBR product type segment of the global SBR market. Moreover, the E-SBR is used in a wide variety of applications in several industries that contribute to economic development, and various applications such as light-colored mechanical goods, pharmaceutical and food contact articles, hoses, conveyor belts, microcellular articles, and sheeting that will further support the growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the styrene butadiene rubber market size and actionable market insights on post COVID-19 impact on each segment.

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Styrene Butadiene Rubber Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.20%
Market growth 2021-2025	1316.80 th units
Market structure	Fragmented
YoY growth (%)	2.69
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 51%
Key consumer countries	China, US, Japan, Germany, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Asahi Kasei Corp., Bridgestone Corp., Exxon Mobil Corp., JSR Corp., Kumho Petrochemical Co. Ltd., LG Chem Ltd., Saudi Arabian Oil Co., SIBUR Holding PJSC, Synthos SA, and Versalis Spa
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Styrene Butadiene Rubber Market Report?

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive styrene butadiene rubber market growth during the next five years
Precise estimation of the styrene butadiene rubber market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the styrene butadiene rubber industry across APAC, Europe, North America, South America, and MEA
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of styrene butadiene rubber market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

***1. Executive Summary

***2. Market Landscape

**2.1 Market ecosystem

*Exhibit 01: Parent market

**2.2: Market Characteristics

*Exhibit 02: Value chain analysis: Commodity chemicals

*2.2.1 Inputs

*2.2.2 Inbound logistics

*2.2.3 Operations

*2.2.4 Outbound logistics

*2.2.5 Marketing and sales

*2.2.6 Support activities

*2.2.7 Innovations

***3. Market Sizing

**3.1 Market definition

*Exhibit 03: Offerings of vendors included in the market definition

**3.2 Market segment analysis

*Exhibit 04: Market segments

**3.3 Market size 2020

**3.4 Market outlook: Forecast for 2020 - 2025

*3.4.1 Estimating growth rates for emerging and high-growth markets

*3.4.2 Estimating growth rates for mature markets

*Exhibit 05: Global - Market size and forecast 2020 - 2025 (thousand tons)

*Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)

***4. Five Forces Analysis

**4.1 Five Forces Summary

*Exhibit 07: Five forces analysis 2020 & 2025

**4.2 Bargaining power of buyers

**4.3 Bargaining power of suppliers

**4.4 Threat of new entrants

**4.5 Threat of substitutes

**4.6 Threat of rivalry

**4.7 Market condition

*Exhibit 08: Market condition - Five forces 2020

***5 Market Segmentation by Product

**5.1 Market segments

*The segments covered in this chapter are:

E-SBR
S-SBR

*Exhibit 09: Product - Market share 2020-2025 (%)

**5.2 Comparison by Product

*Exhibit 10: Comparison by Product

**5.3 E-SBR - Market size and forecast 2020-2025

*Exhibit 11: E-SBR - Market size and forecast 2020-2025 (thousand tons)

*Exhibit 12: E-SBR - Year-over-year growth 2020-2025 (%)

**5.4 S-SBR - Market size and forecast 2020-2025

*Exhibit 13: S-SBR - Market size and forecast 2020-2025 (thousand tons)

*Exhibit 14: S-SBR - Year-over-year growth 2020-2025 (%)

**5.5 Market opportunity by Product

*Exhibit 15: Market opportunity by Product

***6 Market Segmentation by Application

**6.1 Market segments

*The segments covered in this chapter are:

Tire
Others

*Exhibit 16: Application - Market share 2020-2025 (%)

**6.2 Comparison by Application

*Exhibit 17: Comparison by Application

**6.3 Tire - Market size and forecast 2020-2025

*Exhibit 18: Tire - Market size and forecast 2020-2025 (thousand tons)

*Exhibit 19: Tire - Year-over-year growth 2020-2025 (%)

**6.4 Others - Market size and forecast 2020-2025

*Exhibit 20: Others - Market size and forecast 2020-2025 (thousand tons)

*Exhibit 21: Others - Year-over-year growth 2020-2025 (%)

**6.5 Market opportunity by Application

*Exhibit 22: Market opportunity by Application

***7 Customer landscape

**7.1 Overview

*Exhibit 23: Customer landscape

***8 Geographic Landscape

**8.1 Geographic segmentation

*Exhibit 24: Market share by geography 2020-2025 (%)

**8.2 Geographic comparison

*Exhibit 25: Geographic comparison

**8.3 APAC - Market size and forecast 2020-2025

*Exhibit 26: APAC - Market size and forecast 2020-2025 (thousand tons)

*Exhibit 27: APAC - Year-over-year growth 2020-2025 (%)

**8.4 Europe - Market size and forecast 2020-2025

*Exhibit 28: Europe - Market size and forecast 2020-2025 (thousand tons)

*Exhibit 29: Europe - Year-over-year growth 2020-2025 (%)

**8.5 North America - Market size and forecast 2020-2025

*Exhibit 30: North America - Market size and forecast 2020-2025 (thousand tons)

*Exhibit 31: North America - Year-over-year growth 2020-2025 (%)

**8.6 South America - Market size and forecast 2020-2025

*Exhibit 32: South America - Market size and forecast 2020-2025 (thousand tons)

*Exhibit 33: South America - Year-over-year growth 2020-2025 (%)

**8.7 MEA - Market size and forecast 2020-2025

*Exhibit 34: MEA - Market size and forecast 2020-2025 (thousand tons)

*Exhibit 35: MEA - Year-over-year growth 2020-2025 (%)

**8.8 Key leading countries

*Exhibit 36: Key leading countries

**8.9 Market opportunity by geography

*Exhibit 37: Market opportunity by geography (thousand tons)

***9 Drivers, Challenges, and Trends

**9.1 Market drivers

*9.1.1 Increasing demand from the automotive industry

*9.1.2 Mounting demand for S-SBR

*9.1.3 Rising demand from the emerging economies

**9.2 Market challenges

*9.2.1 Fluctuating cost of raw materials

*9.2.2 Recovery of the natural rubber market

*9.2.3 Regulations imposed on the emission of toxic fumes

*Exhibit 38: Impact of drivers and challenges

**9.3 Market trends

*9.3.1 Rising demand for bio-based feedstock

*9.3.2 Rising acceptance of green tires

*9.3.3 Rapid industrialization in emerging economies

***10. Vendor Landscape

**10.1 Competitive scenario

**10.2 Vendor landscape

*Exhibit 39: Vendor Landscape

**10.3 Landscape disruption

*Exhibit 40: Landscape disruption

**10.4 Industry risks

*Exhibit 41: Industry risks

***11. Vendor Analysis

**11.1 Vendors covered

*Exhibit 42: Vendors covered

**11.2 Market positioning of vendors

*Exhibit 43: Market positioning of vendors

**11.3 Asahi Kasei Corp

*Exhibit 44: Asahi Kasei Corp. - Overview

*Exhibit 45: Asahi Kasei Corp. - Business segments

*Exhibit 46: Asahi Kasei Corp. - Key offerings

*Exhibit 47: Asahi Kasei Corp. - Segment focus

**11.4 Bridgestone Corp.

*Exhibit 48: Bridgestone Corp. - Overview

*Exhibit 49: Bridgestone Corp. - Business segments

*Exhibit 50: Bridgestone Corp. - Key offerings

*Exhibit 51: Bridgestone Corp. - Segment focus

**11.5 Exxon Mobil Corp.

*Exhibit 52: Exxon Mobil Corp. - Overview

*Exhibit 53: Exxon Mobil Corp. - Business segments

*Exhibit 54: Exxon Mobil Corp. - Key offerings

*Exhibit 55: Exxon Mobil Corp. - Segment focus

*11.6 JSR Corp.

*Exhibit 56: JSR Corp. - Overview

*Exhibit 57: JSR Corp. - Business segments

*Exhibit 58: JSR Corp. - Key offerings

*Exhibit 59: JSR Corp. - Segment focus

**11.7 Kumho Petrochemical Co. Ltd.

*Exhibit 60: Kumho Petrochemical Co. Ltd. - Overview

*Exhibit 61: Kumho Petrochemical Co. Ltd. - Product and service

*Exhibit 62: Kumho Petrochemical Co. Ltd. - Key offerings

**11.8 LG Chem Ltd.

*Exhibit 63: LG Chem Ltd. - Overview

*Exhibit 64: LG Chem Ltd. - Business segments

*Exhibit 65: LG Chem Ltd. - Key offerings

*Exhibit 66: LG Chem Ltd. - Segment focus

**11.9 Saudi Arabian Oil Co

*Exhibit 67: Saudi Arabian Oil Co. - Overview

*Exhibit 68: Saudi Arabian Oil Co. - Product and service

*Exhibit 69: Saudi Arabian Oil Co. - Key offerings

**11.10 SIBUR Holding PJSC

*Exhibit 70: SIBUR Holding PJSC - Overview

*Exhibit 71: SIBUR Holding PJSC - Business segments

*Exhibit 72: SIBUR Holding PJSC - Key offerings

*Exhibit 73: SIBUR Holding PJSC - Segment focus

**11.11 Synthos SA

*Exhibit 74: Synthos SA - Overview

*Exhibit 75: Synthos SA - Product and service

*Exhibit 76: Synthos SA - Key offerings

**11.12 Versalis Spa

*Exhibit 77: Versalis Spa - Overview

*Exhibit 78: Versalis Spa - Product and service

*Exhibit 79: Versalis Spa - Key offerings

***12. Appendix

**12.1 Scope of the report

*12.1.1 ????Market definition

*12.1.2 ????Objectives

*12.1.3 ????Notes and caveats

**12.2 Currency conversion rates for US$

*Exhibit 80: ?Currency conversion rates for US$?

**12.3 Research Methodology

*Exhibit 81: ?Research Methodology

*Exhibit 82: ??Validation techniques employed for market sizing?

*Exhibit 83: ??Information sources

**12.4 List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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