GVR Report cover Solution Styrene Butadiene Rubber Market Size, Share & Trends Report

Solution Styrene Butadiene Rubber Market Size, Share & Trends Analysis Report By Application Size, Share & Trends Analysis Report, By Region, And Segment Forecasts, 2018 - 2025

  • Report ID: 978-1-68038-529-8
  • Number of Report Pages: 90
  • Format: PDF, Horizon Databook
  • Historical Range: 2014 - 2016
  • Forecast Period: 2017 - 2025 
  • Industry: Bulk Chemicals

Industry Insights

The global solution styrene butadiene rubber market size was estimated at USD 2.51 billion in 2016. The increasing utilization of S-SBR in tire and footwear applications is expected to drive demand over the forecast period.

The market is expected to witness significant growth on account of the growing demand in the tire manufacturing industry. S-SBR aids in reducing the rolling resistance of the vehicles; increase the fuel efficiency and improve the wet grip of tires on account of which manufacturers are substituting emulsion styrene butadiene rubber (E-SBR) with S-SBR.

China solution styrene butadiene rubber market by application, 2014 - 2025 (USD Million)

China solution styrene butadiene rubber market

Growing tires exports coupled with increased demand for high-performance tires from the importing countries is expected to be the key aspects driving the market growth in the country.

S-SBR is widely used on account of the tire labeling regulation introduced in the European Union. It is an essential component of tire treads and is a pre-requisite for obtaining improved tire grades. In addition, the functionalized S-SBR provides scope for superior integration of fillers in the polymer matrix providing the tire with 30% lower rolling resistance.

The volatile raw material prices are expected to be a major restraint for the solution styrene butadiene rubber market growth. In spite of the naphtha (one of the raw materials) prices remaining nearly constant, butadiene prices have been highly volatile as it is petrochemical, the prices of crude oil directly affect the butadiene prices.

Since solution styrene butadiene rubber is derived from petrochemicals, environmental impacts and sustainability have emerged as a key issue for the industry. The impact of air pollution caused by butadiene production is a major cause of concern. However, the use of bio-based butadiene, produced from plants and animal based fats/oils is expected to reduce the ecological hazards associated with the product.

Application Insights

Tires were the largest application segment, accounting for 81.0% of the global S-SBR market volume in 2016. Increasing use of S-SBR in the manufacturing of high-performance tires on account of improved performance and high fuel efficiency of the vehicle is expected to drive demand over the forecast period.

The combined share of footwear and polymer modification is expected to decrease to 11.0% by 2025. Growing demand for solution styrene butadiene rubber from the tire industry coupled with the high demand-supply gap is compelling the market players to opt for other raw material for manufacturing their goods. However, Adidas and Nike are using significant quantities of S-SBR in their high-performance shoes.

Growing demand for athletic shoes is expected to have a positive impact on S-SBR market growth as it is widely used for improved performance and grip. In addition, changing fashion trends coupled with the availability of products through e-commerce platforms is likely to propel demand for footwear which in turn is expected to drive demand for the market.

S-SBR is often used in the construction industry for the modification of asphalt and cement. The addition of solution styrene butadiene rubber in polymer modification process improves the quality of the end-product which in turn improves the quality of roads and pavements. As a result, the market is expected to grow significantly over the forecast period.

S-SBR is widely used in the adhesive industry for lamination, caulking, wall tiles, and paper coating. It is expected to witness average growth in the adhesives & sealants industry over the forecast period on account of the technological advancements coupled with growing application scope of solution styrene butadiene rubber.

The penetration of the product is growing significantly in the tire manufacturing industry, which is expected to have a counter impact on the use of solution styrene butadiene rubber in other application industries. However, the product is substituting styrene isoprene styrene (SIS) in the aforementioned application which is expected to aid demand over the forecast period.

Regional Insights

Asia Pacific was the largest market for solution styrene butadiene rubber, accounting for 39.3% of global volume in 2016. The dominance of the Asia Pacific is primarily driven by the increasing demand from the tire industry in countries like India, China, and Japan. As China is the largest manufacturer of tires, the demand for solution styrene butadiene rubber is high in the country.

The tire labeling regulation is expected to be a major driver for market growth in Europe. S-SBR offers high-performance tires improved wet grip, low rolling resistance, and increased fuel efficiency, which are stated in the tire labeling regulations. In addition, stringent regulation on the use of winter tires is expected to further increase the consumption of S-SBR in this region.

The manufacturing facilities of the major automotive manufacturers are located in Germany. It is an automotive hub in terms of production as well as consumption of all types of vehicles. High demand for cars in the country has led to the emergence of several tire manufacturers including Styron, and Herbert, which in turn has led to the increased demand for S-SBR in Germany.

It is mandatory for the tire manufacturers in the European Union to label their products regarding the tire grade, fuel consumption, wet grip, and noise classification. As automotive manufacturers are opting for high-performance tires with improved safety, the use of S-SBR has become inevitable, which is expected to drive the demand for the product in the UK.

Italy is one of the fastest growing markets for solution styrene butadiene rubber on account of the increasing demand for high-performance tires from the automotive manufacturers including Alfa Romeo, Ferrari, Fiat, Lamborghini, Lancia, and Maserati. In addition, high concern for safety coupled with improved characteristics of tires is expected to be the driving force for the product in Italy.

Solution Styrene Butadiene Rubber Market Share Insights

The major players in the market including Sinopec and China National Petroleum Corporation (CNPC) are vertically integrated, i.e., they manufacture raw materials such as styrene and butadiene and further polymerize them to produce synthetic rubber reducing the overall manufacturing cost of solution styrene butadiene rubber.

North America S-SBR company market share, 2016 (%)

North America S-SBR company market

The complexity of S-SBR manufacturing process renders it a conducive market only for large companies like Sinopec, Laxness, JSR, and Dynasol. However, large companies are constantly looking for opportunities for vertical integration, which provides them with improved control over the supply chain.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation                                                

Volume in Kilo Tons, revenue in USD Million and CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Rest of World

Country scope

Germany, Russia, UK, Italy, France, China

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global solution styrene butadiene rubber market on the basis of application, and region:

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Tire

    • Footwear

    • Polymer Modification

    • Adhesives & Sealants

    • Others

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • North America

    • Europe

      • France

      • Germany

      • Italy

      • Russia

      • UK

    • Asia Pacific

      • China

    • Rest of World

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