Global Styrene Butadiene Rubber SBR Based Adhesive Market

Global Styrene Butadiene Rubber SBR Based Adhesive Market Size, Share, Growth Analysis, By Type(Solution Type(S-SBR), Emulsion Type(E-SBR)), By Application(Tapes, Flooring Adhesives) - Industry Forecast 2022-2028


Report ID: SQSG15E2022 | Region: Global | Published Date: August, 2022 | Pages: 165 | Tables: 62 | Figures: 66

Global Styrene Butadiene Rubber SBR Based Adhesive Market Insights

Global Styrene Butadiene Rubber SBR Based Adhesive Market size was valued at USD 33.52 billion in 2021, and it is expected to reach a value of USD 51.54 billion by 2028, at a CAGR of 6.34% over the forecast period (2022-2028).

The synthetic elastomer made from butadiene and styrene is called styrene-butadiene rubber. Its main application for it is a pressure-sensitive adhesive. It comes in a variety of forms, such as emulsion and solution forms. It is frequently employed in the production of pressure-sensitive tapes. Additionally, the advantages of the styrene-butadiene rubber-based adhesive include good thermo-aging, brute strength, adaptability, cooling properties, damage tolerance, and scratch resistance. Due to these characteristics, styrene-butadiene rubber-based adhesive is increasingly in demand for use in tapes and floor adhesive, among other applications.

The sbr based adhesive market will grow as a result of the increasing consumption of SBR-based adhesives in floor adhesive uses. Water, compounds, and general abrasion are not able to damage the styrene-butadiene rubber adhesive. Whether installing flooring inside or outside, it is actively difficult. Additionally, it is used to strengthen the bonding power of cement-based mortars. These characteristics of SBR adhesive boost their requirement in flooring uses, which contributes to the market's lucrative growth over the course of the projected period.

Market snapshot

Global Market Size

USD 33.52 billion

Largest Segment

Emulsion Type(E-SBR)

Fastest Growth

Emulsion Type(E-SBR)

Growth Rate

6.34% CAGR

Global Styrene Butadiene Rubber SBR Based Adhesive Market 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
Global Styrene Butadiene Rubber SBR Based Adhesive Market Size By Type 2022-2028 ($ Bn)
Global Styrene Butadiene Rubber SBR Based Adhesive Market Size By Type 2022-2028 (%)

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Global Styrene Butadiene Rubber SBR Based Adhesive Market Segmental Analysis

The global styrene butadiene rubber SBR based adhesive market segmentation is based on type, application, and region. Based on type the sbr based adhesive market is segmented into solution type(S-SBR) and emulsion type(E-SBR). Based on application the market is segmented into tapes, flooring adhesives and others. Based on region the global styrene butadiene rubber SBR based adhesive market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Analysis by Type

The emulsion process currently accounts for the majority of SBR adhesives production around the globe, with solution polymerization accounting for a smaller portion. However, it is expected that the market for S-SBR will rise dramatically during the projected timeframe owing to its high agility and enhanced use in excellent performance tire treads. Solution type styrene-butadiene rubber (S-SBR) is a bio-based synthetic rubber. Due to its high abrasion resistance, longevity, and good quality, S-SBR is widely used in high-performance athletic footwear. The majority of the firms produce high-quality shoes, and the availability of effective distribution networks, including retail stores and online shopping portals, may promote industry expansion and boost the size of the S-SBR market.

Global Styrene Butadiene Rubber SBR Based Adhesive Market By Type, 2021 (%)

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Global Styrene Butadiene Rubber SBR Based Adhesive Market Regional Insights

During the projected timeframe, the styrene-butadiene rubber-based adhesive market is expected to expand significantly in the Asia Pacific region. The increase is a result of the increased use of SBR adhesive in the usage of flooring adhesive. Since China's growth rate in previous years had been remarkable, the upcoming decade is also predicted to see an upsurge, making China a pioneer in the sales of Styrene Butadiene Rubber adhesives.

Due to the implementation of EU labeling regulations in the region, Europe is predicted to have the fastest-growing market between 2022 and 2028.

The rapid growth of SBR adhesive over organic adhesive in various applications is responsible for its growth in North America. This has even further boosted the market for styrene-butadiene rubber-based adhesive in this area. The North American region has a much more lucrative market, and as well as one of the most important markets worldwide, is the US.

The growth in the Middle East and Africa is due to an increase in the in-floor application of solution-based SBR adhesive.

Global Styrene Butadiene Rubber SBR Based Adhesive Market By Geography, 2022-2028
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Global Styrene Butadiene Rubber SBR Based Adhesive Market Dynamics

Driver

  • Over recent times, vehicle sales have expanded significantly over the planet, which has therefore raised the requirement for tires. Since styrene butadiene rubber adhesives are a crucial raw ingredient in the production of tires, demand for them is predicted to increase in the coming years.
  • By 2028, the sbr based adhesive market is estimated to grow as a result of the rising demand for lightweight tires for usage in electric vehicles. Over the next ten years, it is projected that demand for styrene-butadiene rubber will play a significant role in driving the growth of the entire industry.

Restraint

  • In addition to increasing demand for alternatives such as organic rubber-based adhesive and styrene block copolymer-based adhesives, the limited access to styrene-butadiene rubber adhesive reduces the product's acceptance. Consequently, it is projected that this will limit market expansion.

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Global Styrene Butadiene Rubber SBR Based Adhesive Market Competitive Landscape

Manufacturers of styrene butadiene rubber adhesives are concentrating on developing sustainable butadiene to protect their industry from being hindered by strict government regulations that limit the usage of chemically produced butadiene in certain places. Suppliers of SBR adhesives are concentrating on establishing high standards of business operations to better meet the trends toward the circular economy, which are becoming more and more popular. For instance, a global chemical company based in Japan named Asahi Kasei stated in November 2021 that it will begin making butadiene using biomass and plastic waste as renewable energy sources. It was reported that the factory of Asahi Kasei in Singapore would provide Shell Eastern Petroleum with this environmentally friendly butadiene.

Top Players Company Profiles

  • LANXESS (Germany)
  • Sinopec (China)
  • The Goodyear Tire and Rubber Company (US)
  • Eastman (US)
  • LG Chemicals (South Korea)
  • Korea Kumho Petrochemical Company (South Korea)
  • Versalis (Italy)
  • Asahi Kasei Chemical Corporation (Japan)
  • Zeon Corporation (Japan)
  • Nynas (Sweden)
  • LORD (US)

Recent Development

  • In November 2021, Trinseo, a manufacturer of latex binders and engineered materials with headquarters in the US, has started looking into selling off its styrenics assets and plans to start a formal sales process in the first quarter of 2022. The firm's businesses in polystyrene and feedstocks will also be up for sale, along with its 50% stake in the joint venture Americas Styrenics. Chevron Phillips Chemical owns the residual stake in the joint venture.

Global Styrene Butadiene Rubber SBR Based Adhesive Key Market Trends

  • The production of pressure-sensitive adhesives and the gluing of tufted carpets both predominantly require SBR. Consumption of PSAs has been driven by the growing market for tapes, labels, graphics, etc.; this trend is expected to continue during the projected timeframe. The use of SBR in the adhesive industry has expanded as rubber-based PSAs take the place of conventional PSAs in many applications. Additionally, the growth of the e-retail and e-commerce sectors is predicted to raise demand for the adhesive along with rising demand from the packaging industry, particularly in the Asia-Pacific region.

Global Styrene Butadiene Rubber SBR Based Adhesive Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the bulk of SBR adhesives is currently produced globally using the emulsion technique, with solution polymerization producing a minor amount. The Asia Pacific region's styrene-butadiene rubber-based adhesive market is expected to grow significantly throughout the expected time period. SBR adhesive has quickly surpassed organic adhesive in a variety of applications, which is what is driving its expansion in North America.

Report Metric Details
Market size value in 2021 USD 33.52 billion
Market size value in 2028 USD 51.54 billion
Growth Rate 6.34%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Solution Type(S-SBR), Emulsion Type(E-SBR)
  • Application
    • Tapes, Flooring Adhesives, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • LANXESS (Germany)
  • Sinopec (China)
  • The Goodyear Tire and Rubber Company (US)
  • Eastman (US)
  • LG Chemicals (South Korea)
  • Korea Kumho Petrochemical Company (South Korea)
  • Versalis (Italy)
  • Asahi Kasei Chemical Corporation (Japan)
  • Zeon Corporation (Japan)
  • Nynas (Sweden)
  • LORD (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Styrene Butadiene Rubber SBR Based Adhesive Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Styrene Butadiene Rubber SBR Based Adhesive Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Styrene Butadiene Rubber SBR Based Adhesive Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Styrene Butadiene Rubber SBR Based Adhesive Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Styrene Butadiene Rubber SBR Based Adhesive Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Styrene Butadiene Rubber SBR Based Adhesive Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Styrene Butadiene Rubber SBR Based Adhesive Market size was valued at USD 33.52 billion in 2021, and it is expected to reach a value of USD 51.54 billion by 2028, at a CAGR of 6.34% over the forecast period (2022-2028).

Manufacturers of styrene butadiene rubber adhesives are concentrating on developing sustainable butadiene to protect their industry from being hindered by strict government regulations that limit the usage of chemically produced butadiene in certain places. Suppliers of SBR adhesives are concentrating on establishing high standards of business operations to better meet the trends toward the circular economy, which are becoming more and more popular. For instance, a global chemical company based in Japan named Asahi Kasei stated in November 2021 that it will begin making butadiene using biomass and plastic waste as renewable energy sources. It was reported that the factory of Asahi Kasei in Singapore would provide Shell Eastern Petroleum with this environmentally friendly butadiene. 'LANXESS (Germany)', 'Sinopec (China)', 'The Goodyear Tire and Rubber Company (US)', 'Eastman (US)', 'LG Chemicals (South Korea)', 'Korea Kumho Petrochemical Company (South Korea)', 'Versalis (Italy)', 'Asahi Kasei Chemical Corporation (Japan)', 'Zeon Corporation (Japan)', 'Nynas (Sweden)', 'LORD (US)'

Over recent times, vehicle sales have expanded significantly over the planet, which has therefore raised the requirement for tires. Since styrene butadiene rubber adhesives are a crucial raw ingredient in the production of tires, demand for them is predicted to increase in the coming years.

The production of pressure-sensitive adhesives and the gluing of tufted carpets both predominantly require SBR. Consumption of PSAs has been driven by the growing market for tapes, labels, graphics, etc.; this trend is expected to continue during the projected timeframe. The use of SBR in the adhesive industry has expanded as rubber-based PSAs take the place of conventional PSAs in many applications. Additionally, the growth of the e-retail and e-commerce sectors is predicted to raise demand for the adhesive along with rising demand from the packaging industry, particularly in the Asia-Pacific region.

During the projected timeframe, the styrene-butadiene rubber-based adhesive market is expected to expand significantly in the Asia Pacific region. The increase is a result of the increased use of SBR adhesive in the usage of flooring adhesive. Since China's growth rate in previous years had been remarkable, the upcoming decade is also predicted to see an upsurge, making China a pioneer in the sales of Styrene Butadiene Rubber adhesives.

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Global Styrene Butadiene Rubber SBR Based Adhesive Market

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