What is the global market size of Styrene Butadiene Rubber SBR Based Adhesive Market?

Styrene Butadiene Rubber SBR Based Adhesive Market size was valued at USD 4.29 billion in 2021 and is poised to grow from USD 4.5 billion in 2022 to USD 6.28 billion by 2030, growing at a CAGR of 4.9% in the forecast period (2023-2030).

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 2024-2031

Report ID: SQSG15E2022 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 62 | Figures: 75

Global Styrene Butadiene Rubber SBR Based Adhesive Market News

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Styrene Butadiene Rubber SBR Based Adhesive Market size was valued at USD 4.29 billion in 2019 and is poised to grow from USD 4.5 billion in 2023 to USD 6.28 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

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. 'BASF SE', 'The Dow Chemical Company', 'Eastman', 'Henkel AG & Co. KGaA', '3M Company', 'Sika AG', 'H.B. Fuller Company', 'Arkema Group', 'Momentive Performance Materials Inc.', 'Ashland Global Holdings Inc.', 'Wacker Chemie AG', 'Exxon Mobil Corporation', 'Kraton Corporation', 'Trinseo LLC', 'Huntsman Corporation', 'Mapei S.p.A.', 'Lord Corporation', 'Illinois Tool Works Inc.', 'Avery Dennison Corporation', 'Jowat SE'

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 Size, Share, Growth Analysis, By Type(Solution Type(S-SBR), Emulsion Type(E-SBR)), By Application(Tapes, Flooring Adhesives) - Industry Forecast 2024-2031

Global Styrene Butadiene Rubber SBR Based Adhesive Market News

Global Styrene Butadiene Rubber SBR Based Adhesive Market Report Snapshots

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What is the global market size of Styrene Butadiene Rubber SBR Based Adhesive Market?

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