Report Overview

The growing need in the tire manufacturing sector and increasing utilization of hybrid products combining natural rubber and SBR are projected to propel the expansion of the United States Styrene Butadiene Rubber (SBR) Market during the forecast period between 2023 and 2029

United States Styrene Butadiene Rubber (SBR) Market - Industry Trends & Forecast Report, 2029

United States styrene butadiene rubber (SBR) market size was estimated at USD 1.41 billion in 2022. During the forecast period between 2023 and 2029, the size of United States styrene butadiene rubber (SBR) market is projected to grow at a CAGR of 6.45% reaching a value of USD 2.06 billion by 2029. Major growth drivers for the United States styrene butadiene rubber (SBR) market include an increasing interlinking of polymer chains brought on by oxidation. Unlike natural rubber, which tends to harden with time, SBR retains its softness due to this cross-linking, rendering it a favorable material for manufacturing tires. This distinctive property underscores SBR's prominence as a preferred option within the market. The demand for SBR is particularly significant in the tire industry due to these attributes. Also, as the population grows, leading to higher vehicle demand and subsequently increased tire production, the demand for SBR is expected to rise in the USA. Furthermore, its non-slip attributes make SBR suitable for producing footwear soles and heels, contributing notably to market expansion. It is projected that the USA's styrene butadiene rubber (SBR) market will likely reach a volume of 1500 thousand tons throughout the forecast period.

United States Styrene Butadiene Rubber (SBR) Market – Overview

Styrene butadiene rubber (SBR) is a synthetic rubber derived from the copolymerization of styrene and butadiene. The predominant method for its production is emulsion polymerization. SBR boasts exceptional mechanical attributes, including high heat resistance, strong tensile strength, resistance to cracking and tearing, and notable resilience. Consequently, it finds widespread application, notably in tire manufacturing. Often combined with natural rubber for enhanced resilience, SBR is employed in various industries such as tire production, conveyor belts, foam articles, adhesives, sealants, domestic mats, footwear soles, chewy candy, food container adhesives, car mats, brake pads, tubing, V-belts, floor coverings, military tank pads, and rubberized battery box cases, among others.

United States Styrene Butadiene Rubber (SBR) Market

Growth Drivers

Rising Demand from Tire Production Industry

United States styrene butadiene rubber (SBR) Market is experiencing substantial growth driven by an upsurge in demand from the tire production industry. As the automotive sector continues to flourish, the need for durable and high-performance tires escalates. SBR, renowned for its exceptional mechanical properties like heat resistance, tensile strength, and tear resistance, is a preferred choice for tire manufacturing. The increasing demand for high-quality tires with enhanced safety and longevity attributes has spurred the adoption of SBR. Moreover, the crosslinking of polymer chains achieved through oxidation makes SBR uniquely suitable for this application, providing durability and resilience. Consequently, the tire industry's increasing reliance on SBR-based products is a pivotal factor propelling the growth trajectory of the United States styrene butadiene rubber (SBR) Market.

Restraints

Fluctuations in Raw Material Prices

Fluctuations in the costs of essential inputs impact the overall production costs and profitability for manufacturers. This uncertainty can lead to challenges in forecasting, planning, and maintaining a stable supply chain. The United States styrene butadiene rubber (SBR) Market's susceptibility to these price variations underscores the need for strategies that mitigate the effects of raw material price fluctuations, ensuring sustainable growth and stability within the industry.

Impact of COVID-19 on United States Styrene Butadiene Rubber (SBR) Market

COVID-19 pandemic adversely affected the United States styrene butadiene rubber (SBR) market. It led to disruptions in supply chains, reduced manufacturing capacities, and shifts in consumer demand. Lockdown measures and reduced economic activity during the pandemic's peak resulted in decreased demand for automotive and industrial products, influencing SBR utilization. While the gradual recovery in economic activities led to a rebound in demand, challenges remained due to supply chain bottlenecks and labor shortages. The pandemic emphasized the need for resilient supply chains and adaptive production strategies to navigate uncertainties and ensure the United States SBR market's sustained growth amidst such unprecedented challenges.

United States Styrene Butadiene Rubber (SBR) Market

Segmental Coverage

United States Styrene Butadiene Rubber (SBR) Market – By Type

By type, the United states styrene butadiene rubber (SBR) market is split into Emulsion SBR and Solution SBR segments. The emulsion SBR segment held a higher share in the United States styrene butadiene rubber (SBR) market by type. Emulsion SBR offers numerous advantages, including high purity levels, consistent quality, and ease of production. Its versatile properties make it suitable for various applications, from tire manufacturing to industrial products. Emulsion SBR also exhibits better processability and compatibility with other materials. Moreover, its environment-friendly production process aligns with sustainability goals. These attributes collectively position emulsion SBR as a preferred choice, driving its dominance in the United States SBR market.

United States Styrene Butadiene Rubber (SBR) Market – By Application

Based on application, the United States styrene butadiene rubber (SBR) market is divided into Tires, Industrial, Footwear, Polymer Modification, and Adhesives segments. The tires segment held the highest share in the United States styrene butadiene rubber (SBR) market by application. SBR's unique blend of mechanical properties, such as durability, abrasion resistance, and high tensile strength, make it a preferred material for tire production. As the automotive sector continues to grow, the demand for high-quality, long-lasting tires has surged. SBR's ability to enhance tire performance and safety while meeting stringent industry standards has propelled its widespread adoption. This strong alignment between SBR's properties and tire manufacturing requirements underscores its dominant position in the United States SBR market within the tires application segment.

Competitive Landscape

Major players operating in the United States styrene butadiene rubber (SBR) market include Goodyear Tire and Rubber, LANXESS AG, Lion Elastomers, Bridgestone Corporation, Trinseo, Zeon Chemical, Dow Chemical, INEOS Styrolution, Chevron Phillips Chemical Company, and Sinopec. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In June 2022 - BASF boosted Li-ion battery production through the expansion of its Licity anode binders range. The upgraded second-generation styrene butadiene rubber (SBR) enables the incorporation of silicon contents surpassing 20%. Moreover, it enhances capacities, minimizes charging durations, and extends the count of charge/discharge cycles.

Scope of the Report

By Type

• Emulsion SBR (E-SBR)

• Solution SBR (S-SBR)

By Application

• Tires

• Industrial

• Footwear

• Polymer Modification

• Adhesives