Styrene Butadiene Rubber Market Size, Share, Industry, Forecast and outlook (2024-2031)
The global styrene butadiene rubber (SBR) market plays a significant role in various industries, including automotive, construction, footwear and adhesives. The market's growth can be attributed to the rising demand and opportunities for tires, especially in emerging economies.
As per the International Rubber Study Group, global tire production reached a record high of around 3.2 billion units in 2020. The tire segment dominated the end-user with a major market share of over 28%. Similarly, Asia-Pacific stands out as the dominant player with over 30% of the market share.