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Styrene-Butadiene Rubber Market Research Report Information By Product Type (Emulsion SBR (E-SBR), Non-Oil Extended, Oil Extended, Solution SBR (S-SBR), Butyl Lithium, Phenyl Lithium, Type 4 and others), By Application Type (Stabilizers, The catalyst of chemical reactions, For the synthesis of different polymers, Adhesive, Tire Manufacturing, Footwear, and others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030


ID: MRFR/CnM/0544-HCR | 140 Pages | Author: Anshula Mandaokar| June 2024

Global Styrene-Butadiene Rubber Market Overview


Styrene-Butadiene Rubber Market Size was valued at USD 4.5 billion in 2022. The Styrene-Butadiene Rubber industry is projected to grow from USD 4.7205 Billion in 2023 to USD 6.2898 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.90% during the forecast period (2023 - 2030). The rising demand for high-performance tires from the automotive industry will probably boost the Tire fabricating industries' demand for higher-specification crude materials and high fuel efficiency in vehicles creating the need for low rolling resistance in tiresare the key market drivers enhancing the market growth.


Styrene-Butadiene Rubber Market Overview


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Styrene-Butadiene Rubber Market Trends




  • Increased adoptions from adhesives industry is driving the market growth




Styrene-butadiene rubber is primarily used in the manufacture of pressure-sensitive adhesives and also in the bonding of tufted carpets. Increasing demand for tapes, labels, graphics, etc., has driven the market CAGR during the forecast period. Rubber-based PSAs are replacing traditional PSAs in various applications, which have increased the consumption of styrene-butadiene rubber in the adhesive industry. In 2021, as the restrictions eased, the demand for adhesives started recovering and outgrew the pre-pandemic levels in 2022. Styrene-butadiene rubber is used in tires to improve their properties of the Tire. It helps in reducing rolling resistance and improves fuel economy. It also enhances the wet grip and braking performance of the Tire.


Additionally, it increases the Tire's life by protecting it from wear and tear. According to Top Tire Review, in 2021, the tire industry was valued at USD 130.54 billion. The top three companies, Michelin, Bridgestone, and Goodyear, accounted for approximately 50% of the overall styrene-butadiene rubber market revenue. Moreover, the demand for adhesive is expected to increase, with the increasing demand from the packaging industry, mainly in the Asia-Pacific region, owing to the development of the e-retail and e-commerce sectors. Increased adoption of structural tapes in green buildings has enhanced the performance of emerging building technologies. Adhesives for European flooring systems have a long tradition of indoor air sustainability. Styrene-butadiene rubber is the main polymer for manufacturing footwear outsoles because of its availability, low cost, and high filler tolerance. In 2021, 22.2 billion pairs of footwear were produced ly. Asia is responsible for over slightly less than 90 percent of footwear production.


Styrene-Butadiene Rubber Market Segment Insights


Styrene-Butadiene Rubber Product Type Insights


Based on product type, the  Styrene-Butadiene Rubber market segmentation includes Emulsion SBR (E-SBR), Non-Oil Extended, Oil Extended, Solution SBR (S-SBR), Butyl Lithium, Phenyl Lithium, Type 4, and others. Due to the low production cost, the Emulsion SBR (E-SBR) Segment dominated the market. However, the varied demands from consumers for high-performance tires are drifting the market towards solution SBR due to its low rolling resistance property. The primary raw materials for producing SBR involve styrene and butadiene. These raw materials are further used to produce footwear, glue, and other products. SBR consumes over 30% of butadiene. It is mostly needed to make synthetic rubber, which will likely increase butadiene use over the next few years. Crude oil prices are directly proportional to the prices of raw materials. The recent drop in the prices of crude oil has reduced the prices of butadiene and styrene.


September 2022: Naftna Industrija Srbije (NIS), a Serbian oil and gas company received permission from the executive of the European Union ‘European Commission’ to acquire HIP-Petrohemija LLC Pancevo (HIPP) for an undisclosed amount. As a result, NIS aims to build HIP Petrohemija through modernization of basic production capacities, development of new plants and improving energy and business efficiency. HIP-Petrohemija LLC Pancevo (HIPP) is a Serbian petrochemicals and synthetic rubber manufacturer.


August 2022: Bridgestone Corporation announced that it has approved plans to strengthen investments in natural rubber plantations it owns in Southeast Asia. Bridgestone will invest U.S.$26.7 million. These investments will be targeted at ensuring a sustainable of natural rubber, a material used in producing tires by 2030. These investments will be ensuring a sustainable supply of natural rubber, a material used in producing tires. At the same time, the Bridgestone group will bolster its initiatives to contribute to circular economies and carbon neutrality across the entire value chain through sustainable operation of natural plantations.


Styrene-Butadiene Rubber Application Type Insights


Based on application type, the  Styrene-Butadiene Rubber market segmentation includes Stabilizers, The catalyst of chemical reactions, for the synthesis of different polymers, Adhesives, Tire Manufacturing, Footwear, and others. The Tire manufacturing category segment dominated the market—tire manufacturing on account of its inherent properties of abrasion resistance, which improves tire performance. Besides, introducing labeling regulations in various economies is anticipated to propel product utilization over the forecast period.


Figure1:  Styrene-Butadiene Rubber Market, by Application Type, 2022 & 2030 (USD billion)


Styrene-Butadiene Rubber Market, by Application Type


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Styrene-Butadiene Rubber Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American styrene-butadiene rubber market area will dominate this market. The tire application in this Region is driven by the demand from famous automotive manufacturers such as Ford, Cadillac, and General Motors will boost the market growth in this Region.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure2: STYRENE-BUTADIENE RUBBER MARKET SHARE BY REGION 2022 (%)STYRENE-BUTADIENE RUBBER MARKET SHARE BY REGION


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's styrene-butadiene rubber market accounts for the second-largest market share due to therising demand for high-performance tires from the automotive industry. Further, the German styrene-butadiene rubber market held the largest market share, and the UK styrene-butadiene rubber market was the fastest-growing market in the European Region.


The Asia-Pacific styrene-butadiene rubber market is expected to grow at the fastest CAGR from 2023 to 2030. This is due rising demand for high-performance tires from the automotive industry will probably boost the Tire fabricating industries' demand for higher-specification crude materials and high fuel efficiency in vehicles creating the need for low rolling resistance in tires. Moreover, China’s styrene-butadiene rubber market held the largest market share, and the Indian styrene-butadiene rubber market was the fastest-growing market in the Asia-Pacific region.


Styrene-Butadiene Rubber Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the styrene-butadiene rubber market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, styrene–butadiene rubber industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer’s uses in the styrene-butadiene rubber industry to benefit clients and increase the market sector. In recent years, the styrene-butadiene rubber industry has offered automobiles some of the most significant advantages. Major players in the styrene-butadiene rubber market, including Rockwood Lithium, AkzoNobel, Chemtura, Asahi Kasei, Bridgestone, LANXESS, MICHELIN, China Petroleum & Chemical, JSR, Reliance Industries Limited (India), Zeon Corporation (Japan), LG Chem (South Korea),Trinseo (US), KUMHO PETROCHEMICAL (South Korea), Goodyear Rubber Company (US) and others, are attempting to increase market demand by investing in research and development operations.


China Petroleum & Chemical Corp.'s Hainan Baling Chemical New Material Co., Ltd. initiated the manufacture of a styrene-butadiene copolymer (SBC) project in Hainan, China, in 2023. It can handle 170,000 tons of cargo annually. The largest SBC plants in the world are currently found in Sinopec. Rubber elasticity can be achieved at ambient temperature and high temperatures can be used to plasticize thermoplastic elastomer (TPE) copolymers. SBC is a subtype of thermoplastic polyethylene (TPE), and its products, such as SBS, SEBS, SIS, and SEPS, are extensively utilized in food packaging, automotives, consumer electronics, footwear, asphalt modification, resin modification, and adhesives.


ARLANXEO is a world-leading synthetic rubber company with sales of around EUR 3.0 billion in 2019, about 3,900 employees, and a presence at 12 production sites in 9 countries and seven innovation centers worldwide. Headquartered in The Hague, Netherlands, the company's core business is developing, manufacturing, and marketing synthetic high-performance rubber for use in the automotive and Tire industries, construction industries, and oil and gas industries. ARLANXEO was established in April 2016 as a joint venture of LANXESS - a world-leading specialty chemicals company based in Cologne, Germany - and Saudi Aramco - a major  energy and chemicals enterprise headquartered in Dhahran, Saudi Arabia. The two partners each held a 50% interest in the joint venture. Since December 31, 2018, ARLANXEO has been a wholly-owned subsidiary of Saudi Aramco, a leading producer of energy and chemicals.Arlanxeo inaugurated a new 65 kilotonne-per-annum (ktpa) polybutadiene (PBR) production line in southern Brazil. The new plant will help increase the flexibility of rubber production at the Triunfo facility.


Asahi Kasei Corporation is a multinational Japanese chemical company. Its main products are chemicals and materials science. It was founded in May 1931, using Nobeoka Ammonia Fiber Co., Ltd.'s paid-in capital, a Nobeoka, Miyazaki-based producer of ammonia, nitric acid, and other chemicals. Asahi Kasei Corporation began the sale of Tufdene S-SBR (solution-polymerized styrene-butadiene rubber), and Asadene BR (butadiene rubber) made using the mass-balance method at Asahi Kasei Synthetic Rubber Singapore Pte. Ltd. and the Synthetic Rubber Plant of Asahi Kasei's Kawasaki Works. The sale will be based on the ISCC PLUS2 certification for S-SBR and BR, acquired by Asahi Kasei's Synthetic Rubber Division in October 2022.


Key companies in the styrene-butadiene rubber products market include



  • Rockwood Lithium

  • AkzoNobel

  • Chemtura

  • Asahi Kasei

  • Bridgestone

  • LANXESS

  • MICHELIN

  • China Petroleum & Chemical

  • JSR

  • Reliance Industries Limited (India)

  • Zeon Corporation (Japan)

  • LG Chem (South Korea),

  • Trinseo (US)

  • KUMHO PETROCHEMICAL (South Korea)

  • Goodyear Rubber Company (US)


Styrene-Butadiene Rubber Industry Developments


February 2023: Arlanxeo inaugurated a new 65 kilotonne-per-annum (ktpa) polybutadiene (PBR) production line in southern Brazil. The new plant will help increase the flexibility of rubber production at the Triunfo facility.


June 2023: Lanxess announced the expansion of its SBR production capacity in Zhangjiagang, China. The expansion is expected to be completed in 2025 and will increase Lanxess's SBR production capacity in China by 50%.


July 2023: ExxonMobil announced the start-up of its new SBR production plant in Singapore. The plant has a capacity of 150,000 metric tons per year and is ExxonMobil's first SBR plant in Asia.


August 2023: JSR Corporation announced the acquisition of the SBR business of Denka Company. The acquisition will give JSR a significant market share in the global SBR market.

November 2022: Asahi Kasei Corporation began the sale of Tufdene S-SBR (solution-polymerized styrene-butadiene rubber) and Asadene BR (butadiene rubber) made using the mass-balance method at Asahi Kasei Synthetic Rubber Singapore Pte.Ltd. and the Synthetic Rubber Plant of Asahi Kasei's Kawasaki Works. The sale will be based on the ISCC PLUS2 certification for S-SBR and BR, acquired by Asahi Kasei's Synthetic Rubber Division in October 2022.


Styrene-Butadiene Rubber Market Segmentation


Styrene-Butadiene Rubber Product Type Outlook



  • Emulsion SBR (E-SBR)

  • Non-Oil Extended

  • Oil Extended

  • Solution SBR (S-SBR)

  • Butyl Lithium

  • Phenyl Lithium

  • Type 4 and others


Styrene-Butadiene Rubber Application Type Outlook



  • Stabilizers

  • The catalyst of chemical reactions

  • For the synthesis of different polymers

  • Adhesive

  • Tire Manufacturing

  • Footwear and others


Styrene-Butadiene Rubber Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size2022 USD 4.5 billion
Market Size 2023 USD 4.7205 billion
Market Size 2030 USD 6.2898 billion
Compound Annual Growth Rate (CAGR) 4.90%(2023-2030)
Base Year 2022
Market Forecast Period 2023-2030
Historical Data 2019- 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product Type, Application Type, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Rockwood Lithium,AkzoNobel,Chemtura,Asahi Kasei,Bridgestone,LANXESS,MICHELIN,China Petroleum & Chemical,JSR,Reliance Industries Limited (India), Zeon Corporation (Japan), LG Chem (South Korea),Trinseo (US), KUMHO PETROCHEMICAL (South Korea), Goodyear Rubber Company (US)
Key Market Opportunities The increasing need for lighter vehicles The fluctuations in crude oil prices.
Key Market Dynamics Increasing consciousness about safety Rising concerns for fuel efficiency


Frequently Asked Questions (FAQ) :

The styrene-butadiene rubber market size was valued at USD 4.5 Billion in 2022.

The styrene-butadiene rubber market is projected to grow at a CAGR of 4.90% during the forecast period, 2023-2030.

North America had the largest share of the Styrene-Butadiene Rubber (SBR) Market

The key players in the Styrene-Butadiene Rubber (SBR) Market are Rockwood Lithium, AkzoNobel, Chemtura, Asahi Kasei, Bridgestone, LANXESS, MICHELIN, China Petroleum & Chemical, JSR, Reliance Industries Limited (India).

The emulsion SBR (E-SBR) styrene-butadiene rubber category dominated the market in 2022.

Tire manufacturing had the largest share of the styrene-butadiene rubber market.

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