The Styrene Butadiene Rubber Market size is estimated at USD 13.86 billion in 2024, and is expected to reach USD 16.15 billion by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).
COVID-19 negatively impacted the styrene butadiene rubber market. Lockdown measures, factory closures, and restrictions on transportation hampered the movement of goods and affected the availability of SBR and its feedstock materials. As lockdowns were lifted, the increased demand for goods and services led to a rebounding demand for SBR used in various applications.
The styrene butadiene rubber (SBR) market is consolidated among the top players. The key players include Asahi Kasei Corporation, Arlanxeo, Lanxess, Versalis SpA, and LG Chem, among others.
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