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Styrene Butadiene Rubber (SBR) Market Analysis

13 May.,2024

Styrene Butadiene Rubber (SBR) Market Analysis

Description

H1 2023: The significant players in the global Styrene Butadiene Rubber (SBR) market in H1 2023 were Korea Kumho Petrochemical, PetroChina Company Limited, and Synthos Group. However, Korea Kumho Petrochemical held the largest SBR production capacity in H1 2023. In May 2023, Sumitomo Chemical, a Japanese chemical producer declared about permanently stopping its production of Styrene Solution Butadiene Rubber (SSBR), which is a type of SBR, at their Singapore facility. The plant had the capacity to produce 40 thousand tonnes of synthetic rubber per annum. Geographically, Asia Pacific region was the leading consumer of SBR on a global scale. Styrene-butadiene rubber demand was rising from January to the end of February 2023 was strong in this region due to a high demand from the downstream industries like automotive and rubber in countries like India and China. South Korea was the largest exporter of SBR across the globe. However, in South Korea, the demand for SBR was low from January 2023 to April 2023. The feedstock costs of Styrene and butadiene continued to decline in the Asia-Pacific market, which had an effect on the entire production cost in the region. But, during these months, the export volume decreased, which affected the final price of SBR in South Korea. However, the SBR prices began to rise from the end of April 2023 in South Korea.

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The global Styrene Butadiene Rubber (SBR) market has reached approximately 5500 thousand tonnes in 2022 and is expected to grow at a CAGR of 4.07% during the forecast period until 2035. Styrene-butadiene rubber (SBR) is currently the most widely used elastomer among all the synthetic rubbers produced globally. Rising SBR demand for manufacturing tyres for Heavy Commercial Vehicles (HCVs), Light Commercial vehicle (LCVs), passenger cars, belting conveyors and molded goods would propel the demand for SBR in the forecast period.

Styrene Butadiene Rubber (SBR) is the most common synthetic rubber manufactured by copolymerizing butadiene (75%) and styrene (25%) with the support of free radical initiators. Currently, the emulsion polymerization process produces the majority of SBR in the globe. SBR displays properties like resistance to dilute acids and bases, crack-resistance, heat resistance, high durability, and adhesion to metal. It is primarily employed for manufacturing tires. Other niche applications include carpets, footwear, coatings, heels of women's footwear, adhesives, and vehicle parts. SBR is also blended with natural rubber for manufacturing pressure-sensitive adhesives (PSAs) used for masking tapes, labels, cloth tapes, and duct tapes.

Unlike natural rubber, SBR tends to harden with age instead of softening, due to the increased interlinking of polymer chains due to oxidation. These restraining factors of natural rubber have paved the way for increased SBR consumption for tire manufacturing since the past few years. The primary driver of the Styrene Butadiene Rubber (SBR) global market is the Tires Industry. SBR has various advantages such as high durability, resistance to cracking, high-temperature resistance, and wear resistance. Due to these reasons, SBR is employed for manufacturing tires. Footwear industry accounts for a much smaller share in the overall SBR market but stimulates the market growth due to rising demand for strong grip athletic shoes. The global Styrene Butadiene Rubber (SBR) market is anticipated to reach about 9200 thousand tonnes by 2035.

Based on demand, the Asia Pacific dominates the Styrene Butadiene Rubber (SBR) market with an incredible market share of greater than 45% of the global Styrene Butadiene Rubber (SBR) in 2022. Additionally, the region is the world's biggest user of SBR tires and adhesives. APAC is the leading producer of SBR. Furthermore, APAC has planned to expand the current SBR facilities and add huge plant capabilities to meet the growing demands of SBR in the forecast period. Currently, South Korea is leading as the producer of SBR.

Based on the end-user industry, the global Styrene Butadiene Rubber (SBR) market is segmented into Tires, Conveyor Belt, Shoe Sole, and Others. The Tires Industry is the largest consumer of the Styrene Butadiene Rubber (SBR) market due to its remarkable properties. In 2022, approximately 82% of global Styrene Butadiene Rubber (SBR) was consumed solely by this industry. Rising demand from other segments such as Conveyor Belt and Shoe Sole industry would most likely further bolster the demand for SBR in the forecast period.

Major players in the production of Global Styrene Butadiene Rubber (SBR) are Korea Kumho Petrochemical, PetroChina Company Limited, Synthos Group, Goodyear Tire and Rubber, Groupo Dynasol, Trinseo, JSR Corporation, TSRC Corporation, Sinopec Qilu petrochemicals, Bridgestone Corporation, LANXESS AG, Versalis, Lion Copolymer, and Shenhua Chemical Industrial.

Years considered for this report:

Historical Period: 2015- 2022

Base Year: 2022

Estimated Year: 2023

Forecast Period: 2024-2035

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Objective of the Study:

• To assess the demand-supply scenario of Styrene Butadiene Rubber (SBR) which covers production, demand and supply of Styrene Butadiene Rubber (SBR) market in the globe.

• To analyse and forecast the market size of Styrene Butadiene Rubber (SBR)

• To classify and forecast Global Styrene Butadiene Rubber (SBR) market based on end-use and regional distribution.

• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Styrene Butadiene Rubber (SBR) market in the globe.

To extract data for Global Styrene Butadiene Rubber (SBR) market, primary research surveys were conducted with Styrene Butadiene Rubber (SBR) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Styrene Butadiene Rubber (SBR) market over the coming years.

ChemAnalyst calculated Styrene Butadiene Rubber (SBR) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the consumption of Styrene Butadiene Rubber (SBR) by the end-user industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.

Key Target Audience:

• Styrene Butadiene Rubber (SBR) manufacturers and other stakeholders

• Organizations, forums and alliances related to Styrene Butadiene Rubber (SBR) distribution

• Government bodies such as regulating authorities and policy makers

• Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Styrene Butadiene Rubber (SBR) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Global Styrene Butadiene Rubber (SBR) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Attribute

Details

Market size Volume in 2022

5500 thousand tonnes

Market size Volume by 2035

9200 thousand tonnes

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Growth Rate

CAGR of 4.07% from 2023 to 2035

Base year for estimation

2023

Historic Data

2015 – 2022

Forecast period

2024 – 2035

Quantitative units

Demand in thousand tonnes and CAGR from 2023 to 2035

Report coverage

Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.

Segments covered

By End-Use: (Tires, Conveyor Belt, Shoe Sole, and Others)

By Sales Channel: (Direct Sale and Indirect Sale)

Regional scope

North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Explore purchase options

Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.

In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com

Styrene-Butadiene Rubber vs Styrene-Butadiene Latex

Often the terms Styrene-Butadiene Rubber (SB Rubber) and Styrene-Butadiene Latex (SB Latex) are used interchangeably. However, they are two different materials that are used in different ways on a variety of products.

How SB Rubber and SB Latex are alike is that they are both synthetic polymers and they are usually created by a process called emulsion polymerization. They also share the same two components - an organic compound named styrene and an industrial gas called butadiene. Styrene is produced when benzene and ethylene react with each other at room temperature. It’s a colorless oily liquid and it has a sweet odor. While butadiene is a byproduct of the hydrocarbon ethylene and it is a colorless gas that smells faintly like gasoline.

Another way that SB Rubber and SB Latex are the same is that they both share several benefits over natural rubber. For example, they are usually less expensive, they are more resistant to abrasions and they age better because they harden over time, whereas natural rubber softens. Another important trait is that there are no allergens in SB Rubber and SB Latex, but there are allergens in natural rubber. In fact, allergies to natural rubber have become a rather big health care problem. The people who are most likely to develop these allergies are people who regularly come into contact with natural rubber, like health care professionals who wear rubber gloves and patients who require a lot of surgery.

Those are some of the main ways that SB Rubber and SB Latex are similar, but, what makes them different?

Styrene-Butadiene Rubber

Styrene-Butadiene Rubber is most often made up of 25% styrene and 75% Butadiene, which is a higher butadiene content than Styrene-Butadiene Latex and this makes it more elastic-like.

SB Rubber’s development traces back to the discovery of synthetic rubber in Germany in the early 1900s. At the time, the demand for rubber was high because of the burgeoning auto industry. To meet the need for rubber, in 1906, the pharmaceutical and chemical company Bayer gave their scientists a task. If they developed a synthetic rubber that would cost less than 10 marks per kilogram, they would be given a prize of 20,000 gold marks, which is just over $125,000 USD today.

Finishing the project just under deadline in 1909 was Fritz Hofmann. However, his rubber still needed to be tweaked and in 1910, Bayer started selling the first synthetic rubber, which was a variation of Hofmann’s formula. Sales of the synthetic rubber really took off with World War I because rubber became harder to get, but the need for rubber increased to help fuel the war machines of Germany and its allies.

In the years that followed World War I, chemists were still working on improving synthetic rubber. One such chemist was Dr. Walter Bock, who worked at the German pharmaceutical company IG Farben, and he started experimenting with a process called emulsion polymerization. Bock found that when he used 25% styrene and 75% butadiene during the polymerization, the result was a tough and resilient synthetic rubber.

In 1929, a patent was filed for the first styrene-butadiene rubber, which was marketed under the name Buna S. The new copolymer was tougher and less rubbery than natural rubber, making it ideal for tires. That is still the most common use of SB Rubber; about half of all car tires use some form of SB Rubber.

However, SB Rubber is not just limited to tires. SB Rubber can be polymerized in different ways, which changes the consistency of the rubber. For example, when it is cold polymerized, the final product is used for filling in potholes and foam for mattresses.

Styrene-Butadiene Latex

Styrene-Butadiene Latex is the most common type of styrene-butadiene emulsion polymer and it’s also important to note that it’s not just different from Styrene-Butadiene Rubber, it’s also different from natural latex. Natural latex is a white sap that comes from hevea brasiliensis trees, which are more commonly called rubber trees. This sap can be refined and compounded, and this makes it readily processed and optimizes its physical properties. An example of a product that is made from natural rubber are white gloves that are used by medical professionals.

As for how SB Latex differs from SB Rubber, it has a greater crosslink density, and this gives it more toughness and strength compared to SB Rubber. This means that after it is stretched it will recover closer to its original shape.

Another notable difference between SB Rubber and SB Latex is that SB Latex products are much more diverse. SB Latex and the process conditions allow manufacturers to create dramatically different polymer compositions with dramatically different performance results. This allows producers of SB Latex such as Mallard Creek Polymers to customize products to meet a variety of requirements.

One of the main uses of SB Latex is that it is used for paper coating for products like magazines, flyers, catalogues and paperboard products like folding food cartons. SB Latex enhances the pigment’s binding power, it makes the paper smoother, stiffer, glossier, brighter, and it is more water resistant. It’s also much less expensive than alternative coatings.

Another major use of SB Latex is backcoating on textiles, including tufted carpets which are the most popular type of carpet in America; about 90 percent of carpets are tufted. The backcoating holds the tufts in place, which improves stability and reduces fraying at the edge. However, the main reason SB Latex is the most used polymer for backcoating is because it has high pigment binding capability and strength.

Those are only a few of the uses for SB Latex and new ways of using it in different fields is being found all the time. Just a few more examples to show the diversity for the uses of SB Latex is that it can be used for running tracks, specialty coatings, adhesives, and non-woven fabrics.

It’s also important to note that since SB Latex is difficult to handle, many manufacturers only have a limited product mix. However, one company that offers a diverse line of SB Latex mixes is Mallard Creek Polymers. If you think you have a product that needs SB Latex, feel free to browse Mallard Creek Polymer’s list of products. Or if you have an idea that will require SB Latex, but are unsure what product would be best suited to your needs, please do not hesitate to contact our team of experts by emailing us or phoning us at 1-877-240-0171.

If you want to learn more, please visit our website SBR Carpet Latex.

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