Styrene Butadiene Rubber (SBR) Market Outlook (2022-2032)
The global styrene butadiene rubber (SBR) market accounts for a value of US$ 9.8 billion currently, and the market is estimated to transcend to a valuation of US$ 16.38 billion by 2032. Demand for styrene butadiene rubber is projected to increase at a steady CAGR of 5.3% from 2022 to 2032.
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Key Segments Covered in Styrene Butadiene Rubber Industry Research
SBR Market by Product Type :
- Emulsion Styrene Butadiene Rubber Market (E-SBR)
- Solution Styrene Butadiene Rubber Market (S-SBR)
SBR Market by Application :
- Polymer Modification
- Other Applications
SBR Market by Region :
- North America
- Latin America
Competitive Landscape :
Styrene butadiene rubber manufacturers are focusing on creating sustainable butadiene to save their business from being hampered by stringent government mandates that curb the use of chemical manufactured butadiene across various regions.
SBR suppliers are focusing on achieving sustainability in their business models to better fit into the increasingly popular circular economy trends.
- In November 2021, Asahi Kasei, a Japanese multinational chemical firm, announced that it would start producing butadiene by sustainable means through the utilization of plastic waste and biomass. This sustainable butadiene was announced to be supplied to Shell Eastern Petroleum from Asahi Kasei’s plant in Singapore.