Global Solution Styrene Butadiene Rubber Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Solution Styrene Butadiene Rubber Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Solution Styrene Butadiene Rubber (SSBR) is a type of synthetic rubber that is commonly used in the manufacture of tires and various other rubber products. It is a copolymer of styrene and butadiene produced using solution polymerization techniques. SSBR offers a balance of desirable properties, making it a popular choice for tire manufacturers and other industries where high-performance rubber materials are required.

Market Overview:

The latest research study on the global Solution Styrene Butadiene Rubber market finds that the global Solution Styrene Butadiene Rubber market reached a value of USD 3516.11 million in 2023. It’s expected that the market will achieve USD 5215.91 million by 2029, exhibiting a CAGR of 6.79% during the forecast period.

With the introduction and implementation of international environmental regulations and tire labeling laws, SSBR will gradually become the focus of the development of styrene-butadiene rubber

With the rapid development of the world economy, the international tire market has put forward more stringent requirements in terms of green, environmental protection, safety, energy saving and other aspects, and has formulated a series of targeted laws and regulations, which has had an impact on tire rubber. The most important of these are the EU's Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and EC1222-2009 regulations (tire labeling law). REACH requires that the raw materials used in tires produced and sold in the region must be environmentally friendly. This involves rubber filling oil. The tire labeling law requires that tires produced and sold in this region must be marked with performance indicators such as the tire's rolling resistance level and wet skid resistance level, which puts forward two requirements for the rubber used in tire treads. On the one hand, it is fuel economy, and on the other hand, it is wet handling safety. Its purpose is to guide the automobile tire industry to develop towards safety and energy saving through the implementation of this regulation. Starting in 2014, all passenger tires, light truck tires and truck tires produced and sold in the EU must meet the relevant requirements of the REACH regulations and tire labeling laws. In order to meet the requirements of tire labeling laws, the tire industry has to replace traditional emulsion styrene-butadiene rubber (ESBR) with solution-polymerized styrene-butadiene rubber (SSBR) that has excellent performance in wet skid resistance, rolling resistance and wear resistance. Hence, this boosts the Solution Styrene Butadiene Rubbers (SSBR) market.

Region Overview:

In 2022, the share of the Solution Styrene Butadiene Rubber market in Europe stood at 31.21%.

Company Overview:

The major players operating in the Solution Styrene Butadiene Rubber market include Asahi Kasei, Synthos Group, Michelin, Lion Elastomers, ENEOS, etc. Among which, Asahi Kasei ranked top in terms of sales and revenue in 2023.

Asahi Kasei Corp (Asahi Kasei) is a manufacturer of chemical products. The product portfolio of the company includes acrylonitrile, styrene, diagnostic reagents, foam insulation panels, foundation systems, methyl methacrylate, polyethylene, polystyrene, polymers, functional additives, membrane filtration systems, ion-exchange membranes, medical devices and sensors. Asahi Kasei’s products find application in the fields of chemicals and fibers, electronics, healthcare and construction. It markets these products under Duranol, Sepacell, Polydurex, Ceolus, Aciplex and Hipore brands.

Segmentation Overview:

By type, Non-oil-filled segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Tires segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Solution Styrene Butadiene Rubber market covered in Chapter 3:

ZS Elastomers
Dynasol Group
Lion Elastomers
CNPC
Sinopec
Lanxess
SIBUR
Asahi Kasei
Kumho Petrochemical
CHIMEI
Goodyear
Synthos Group
Lotte Versalis Elastomers
LG Chem
ENEOS 
Michelin

In Chapter 4 and Chapter 14.2, on the basis of types, the Solution Styrene Butadiene Rubber market from 2019 to 2030 is primarily split into:

Oil-filled
Non-oil Filled

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Solution Styrene Butadiene Rubber market from 2019 to 2030 covers:

Tires
Footwear
Polymer Modification
Adhesives & Sealants
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)