H1 2023: The prominent producers of Styrene Butadiene Rubber (SBR) in the US in H1 2023 were Goodyear Tire and Rubber and Lion Elastomers. Due to altering dynamics of supply and demand in the USA, the SBR market showed mixed picture in H1 2023. In the first three months of 2023, USA SBR market had a bearish trend with prices continuously declining till March 2023. Due to falling feedstock styrene and butadiene prices and weak demand for SBR by the downstream automotive industry, the SBR market performance remained hazy. Suppliers were getting fewer queries in the US and the import prices remained on the lower side. The pressure on the supply chain was low in the US. Additionally, the US bank crisis hindered the demand-to-supply chain ratio in March which led to poor buying activity of SBR and led to the low prices of SBR in the US. However, April 2023 onwards, the market sentiments for styrene-butadiene rubber in the US switched to positive. Due to the high feedstock costs and fairly high demand for SBR by the downstream industries, the price of SBR inclined in the US and maintained a positive edge till June 2023. The rise in production and sale of automotives in the US resulted in higher consumption rate of SBR in the US and thus led to high prices of SBR. Furthermore, the increase in freight charges of SBR resulted in expensive imports from South Korea to the US and an increase in the SBR prices in the US market.
The USA Styrene Butadiene Rubber (SBR) market has projected a growth in the historical period of 2015-2022 and reached approximately 950 thousand tonnes in 2022 and is expected to further grow at a healthy CAGR of 5.14% during the forecast period until 2032. Due to the increased interlinking of polymer chains brought on by oxidation, SBR, unlike natural rubber which tends to harden rather than soften with time; thus, making it a suitable material for manufacturing tyres.
Styrene Butadiene Rubber (SBR) is a synthetic rubber which is created by copolymerizing butadiene and styrene. Emulsion polymerization technique is the most commonly employed process for its production. SBR has excellent mechanical properties such as heat resistance, high tensile strength, crack & tear resistance, and high resilience. Due to these reasons, it is widely used for manufacturing tyres, and often mixed with natural rubber to improvise its resilience. Tyres, conveyor belts, foam articles, adhesives and sealant, domestic ware mats, sink board trays, shoe soles and heels, chewy candy, food container adhesives, car mats, brake and clutch pads, tubing, V-belts, floor coverings, army tank pads, and rubberized battery box cases are just a few of the numerous applications for SBR.
Styrene Butadiene Rubber (SBR) demand in USA is majorly accounted by tyre industry. SBR is a popular abrasion-resistant substitute for natural rubber that is primarily utilized in the production of automobile tyres. With crack-resistance and thermal resistance, SBR is a perfect choice for manufacturing tyres. Owing to growth in population results in higher demand of vehicles and thus tyres, which is anticipated to swell the demand of SBR in USA. Furthermore, due to its non-slip nature, SBR is suitable for manufacturing footwear soles and heels, which contributes finely to the market growth. The USA Styrene Butadiene Rubber (SBR) market will most likely reach 1550 thousand tonnes by 2032.
Based on demand by region, the USA Styrene Butadiene Rubber (SBR) market is divided into West, Midwest, Northeast, Southwest, and Southeast. Among these regions, Southeast region is dominating the USA market. In 2022, this region accounted for a consumption of nearly 32% of the USA Styrene Butadiene Rubber (SBR) market. This demand is mainly backed up by the application of SBR in various industries such as automotive, polymer, shoe soles, adhesives, and more. Moreover, Texas is the leading producer of SBR in USA.
Based on type, the global Styrene Butadiene Rubber (SBR) market is divided into Emulsion Styrene Butadiene Rubber and Solution Styrene Butadiene Rubber. The Emulsion Styrene Butadiene Rubber is dominating the market and finds application in various industries including adhesives, automobiles, and others.
Based on the end-use industry, USA Styrene Butadiene Rubber (SBR) market is segmented into Tyres, Conveyor Belt, Shoe Sole, and Others. Among these, Tyre industry is the dominating the SBR market. In 2022, this sector accounted for roughly 80% of the demand and is anticipated to maintain its dominance over the forecast period. Growing demand of high-quality tyres for usage in electric vehicles, hybrid vehicles, and conventional vehicles is anticipated to increase the demand of SBR in the forthcoming years.
Major players in the production of USA Styrene Butadiene Rubber (SBR) are Goodyear Tire and Rubber, LANXESS AG, Lion Elastomers, Bridgestone Corporation, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2032
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Objective of the Study:
• To assess the demand-supply scenario of Styrene Butadiene Rubber (SBR) which covers production, demand and supply of Styrene Butadiene Rubber (SBR) market in the USA.
• To analyse and forecast the market size of Styrene Butadiene Rubber (SBR)
• To classify and forecast USA Styrene Butadiene Rubber (SBR) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Styrene Butadiene Rubber (SBR) market in the USA.
To extract data for USA Styrene Butadiene Rubber (SBR) market, primary research surveys were conducted with Styrene Butadiene Rubber (SBR) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for USA Styrene Butadiene Rubber (SBR) market over the coming years.
ChemAnalyst calculated Styrene Butadiene Rubber (SBR) demand in USA by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Styrene Butadiene Rubber (SBR) across the USA. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Styrene Butadiene Rubber (SBR) manufacturers and other stakeholders
• Organizations, forums and alliances related to Styrene Butadiene Rubber (SBR) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Styrene Butadiene Rubber (SBR) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, USA Styrene Butadiene Rubber (SBR) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
950 thousand tonnes
Market size Volume by 2032
1550 thousand tonnes
Growth Rate
CAGR of 5.17% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape,
Segments covered
By End-Use: (Tyres, Conveyor Belt, Shoe Sole, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
West, Midwest, Northeast, Southwest, and Southeast
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What is the expected USA market size of Styrene Butadiene Rubber (SBR) in terms of volume for 2032?
Ans:
The USA market size of Styrene Butadiene Rubber (SBR) is anticipated to project an expansion and reach approximately 1550 thousand tonnes by 2032, with an expected CAGR of 5.17%
Q2.
Which end-use industry is dominating the USA Styrene Butadiene Rubber (SBR) market?
Ans:
The Tyres industry is dominating the Styrene Butadiene Rubber (SBR) market with a market share of 83% in 2022.
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