SBR market to witness upsurge of sales by 2026 – study

February 15, 2019
Styrene butadiene rubber

Styrene butadiene rubber (SBR) is expected to have a healthy compound annual growth rate (CAGR) of 4.3% by the end of 2026, according to report.

The Future Market Insights forecast that SBR will have a sales increase of US$ 8.2 billion as it expands across the globe. This is due to styrene butadiene rubber’s indispensable properties, which makes it as one of the greatest synthetic rubbers used in various industries.

According to the study, the use of SBR emulsions and solutions in the automotive industry for tyre application will have the highest growth. SBR’s effectiveness in affixing tyres to the wheel rims will be the main reason to boost the sales in the future.

The study also suggested that SBR solutions will have higher demands compared to styrene butadiene rubber emulsions. The rubber solutions industry is expected to have a US$5.7 billion worth of sales by end of 2026

Manufacturers such as Asahi Kasei, Lanxess, LG Chem, Polimeri Europa, Sinopec, and Lion Elastomers are expected to lead the global expansion of the SBR market through 2026, according to the study.

Asia-Pacific excluding Japan (APEJ) region will add to the brimming sales of SBR. Its SBR market is expected to increase 4.6% in CAGR. Europe, North America, and Middle East & Africa (MEA) will also contribute to the demand for SBR.

However, environmental concerns limit SBR from having higher sales. Dumping SBR in the environment becomes one of the world’s worst environmental problems. Environmental agencies around the world are obliging manufacturers to adhere to the regulation of limiting the production despite growing demands.

Nevertheless, growth in the global automotive industry continues to boost the sales of SBR  in 2026. The study added.

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(Last Updated: 16 May 2019)

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