Emulsion styrene butadiene rubber (E-SBR) is widely utilized in polymer modification of asphalt emulsions, which is used in the production of micro-surfacing fix formulation and hip seal. The stability in high temperature and flexibility in low-temperature exhibited by the polymers, which are modified using E-SBR is expected to drive the global emulsion styrene butadiene rubber market growth over the forecast period. The global emulsion styrene butadiene rubber market is estimated to reach US$ 8,380.3 million by the end of 2027, exhibiting a CAGR of 4.0%, in terms of value over the forecast period, owing to increasing demand for emulsion styrene butadiene rubber from various end-use industries such as automotive, construction, and others.
Emulsion styrene butadiene rubber is used on a large scale for manufacturing automotive tires and gaskets, among others. Moreover, growth in the automotive industry is expected to drive demand for tires, gasket, and others, which is in turn expected to boost growth of the E-SBR market. For instance, according to the International Organization of Motor Vehicle Manufacturers (OCIA), the total number of vehicles manufactured, globally in 2017 was 97,302,534 units, which is 2.45% more than the number of vehicles manufactured in 2016. Furthermore, according to the China Association of Automobile Manufacturers (CAAM) and Society of Indian Automobile Manufacturers (SIAM), in 2016, sales of cars in China stood at 28.03 million units and 3.00 million units in India. Moreover, the CAAM also stated that automobile sales in China grew by 5% to reach 29.4 million units in 2017. The increase in sales can be attributed to the favorable sales tax, which was cut from 10% to 5% in 2015. Therefore, rising units of vehicles produced every year is expected to drive demand for E-SBR automotive tires during the forecast period, thereby expected to drive the market growth over the forecast period.
Emulsion styrene butadiene rubber is produced by emulsion polymerization, initiated by free radicals. However, solution styrene butadiene rubber has narrower molecular weight distribution and higher molecular weight, compared to emulsion styrene butadiene rubber. Furthermore, solution styrene butadiene rubber offers benefits such as high tensile strength, high resilience, and high resistance to abrasion and fatigue. These properties and various applications of solution styrene butadiene rubber are the factors that are expected to hamper growth of the global emulsion styrene butadiene rubber market growth during the forecast period.
The global emulsion styrene butadiene rubber market was valued at US$ 6,458.3 million in 2018, and is expected to exhibit a CAGR of 4.0%, in terms of revenue over the forecast period (2019-2027).
Figure 1. Global Emulsion Styrene Butadiene Rubber Market Share (%), By Region, 2018
Source: Coherent Market Insights, 2018
Among regions, Asia Pacific accounted for the largest market share in 2018, owing to increasing applications of E-SBR in manufacturing and automotive industry. The increasing manufacturing activities is expected to boost demand for E-SBR in the region. For instance, according to the World Bank data, in 2016, in China, the manufacturing sector constituted 28.96% of the country’s GDP, which increased and reached 29.41% in 2018.
Figure 2. Global Emulsion Styrene Butadiene Rubber Market, Revenue Share (%), By Product Type, 2018
Source: Coherent Market Insights, 2018
Among product type, cold E-SBR segment accounted for the largest market share, in terms of revenue in the global emulsion styrene butadiene market. Cold E-SBRs can be manufactured at about 5°C by free-radical emulsion polymerization of styrene and butadiene. Various advantages offered by Cold E-SBR is expected to drive demand for E-SBR over the forecast period. For instance, cold E-SBR have better resistance to abrasion, and also provides better tread wear, as compared to hot E-SBR. Apart from these properties, cold E-SBR exhibits superior mechanical properties such as tensile strength compared to grades manufactured by hot emulsion polymerization.
Moreover, players operating in the global emulsion styrene butadiene rubber market are focused on adopting various growth strategies such as mergers & acquisitions, in order to strengthen their market presence. For instance, in April 2018, TSRC (Taiwan Synthetic Rubber Corp.,) increased its shareholding in Indian Synthetic Rubber Private Ltd. (ISRPL) to 50%. ISRPL is a joint venture of TSRC, Indian Oil Corporation, and Marubeni Corporation located in Haryana, India for manufacturing of E-SBR. TSRC aims to expand its presence in India and South Asia region.
Major players operating in the global emulsion styrene butadiene rubber market include Arlanxeo, China Petroleum & Chemical Corporation (SINOPEC), Indian Synthetic Rubber Ltd. (ISRL), JSR Corporation, Kumho Petrochemical Co., Ltd., LG Chem. Ltd., PetroChina Company Ltd., Reliance Industries Ltd., Sibur Petrochemical Company, Synthos, Taiwan Synthetic Rubber Corporation (TSRC), Trinseo, Versalis S.p.A. (Eni), and ZEON Corporation.
Emulsion styrene butadiene rubber (E-SBR) is one of the most widely used rubbers, globally. E-SBR, owing to its excellent balance of properties and cost performance, is widely used in various applications such as hoses, gaskets, seals, mechanical goods, adhesives & sealants, automotive tires, and others. Emulsion styrene butadiene rubber has random distribution of the monomers in the polymer chain with around 23.5% styrene content. The process ability and tensile strength of E-SBR can be improved by increasing the styrene content.
Market Dynamics
Emulsion styrene butadiene rubber is used on a large scale for manufacturing automotive tires and gaskets, adhesives & sealants, among others. Growth of automotive and construction industry globally is expected to boost demand of emulsion styrene butadiene rubber market. For instance, according to the American Automotive Policy Council’s data published in 2018, the automotive sector is the largest manufacturing sector in the U.S., responsible for 3% of the U.S. GDP. According to same source, the U.S. car production in 2017 was 11.3 million, whereas the Center for Automotive Research estimates that the U.S. auto sales to exceed 16.8 million vehicles/year by 2025.
Key players operating in the emulsion styrene butadiene rubber market are focusing on expanding their market presence, in order to cater to the increasing demand for E-SBR. For instance, in July 2018, Arlanxeo, a joint venture of Lanxess and Saudi Aramco, announced that it will modernize its production sites in Triunfo, Brazil in the next three years. This will further help the company in expanding its E-SBR production facility in Brazil, which is mainly used for manufacturing of cars and truck tires.
Key features of the study:
- This report provides in-depth analysis of the global emulsion styrene butadiene rubber market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global Emulsion Styrene Butadiene Rubber market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Arlanxeo, China Petroleum & Chemical Corporation (SINOPEC), Indian Synthetic Rubber Ltd. (ISRL), JSR Corporation, Kumho Petrochemical Co., Ltd., LG Chem. Ltd., PetroChina Company Ltd., Reliance Industries Ltd., Sibur Petrochemical Company, Synthos, Taiwan Synthetic Rubber Corporation (TSRC), Trinseo, Versalis S.p.A. (Eni), and ZEON Corporation.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
- The global emulsion styrene butadiene rubber market report caters to various stakeholders in this industry including investors, suppliers, emulsion styrene butadiene rubber manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the emulsion styrene butadiene rubber market
Detailed Segmentation:
- Global Emulsion Styrene Butadiene Rubber Market, By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- Global Emulsion Styrene Butadiene Rubber Market, By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Global Emulsion Styrene Butadiene Rubber Market, By Region:
- North America
- U.S.
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Canada
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Europe
- U.K.
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Germany
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- France
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Italy
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Spain
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Russia
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Rest of Europe
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Asia Pacific
- China
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- India
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Japan
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- ASEAN
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Australia
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- South Korea
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Rest of Asia Pacific
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Latin America
- Brazil
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Mexico
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Argentina
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Rest of Latin America
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Middle East
- GCC
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Israel
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Rest of Middle East
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Africa
- North Africa
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Central Africa
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- South Africa
- By Product Type:
- Cold E-SBR
- Hot Polymers
- High Styrene Masterbatch
- Others
- By Application:
- Automotive Tires
- Adhesives & Sealants
- Mechanical Goods
- Industrial Rubber Parts
- Hoses/Belts
- Gaskets
- Seals
- Others
- Company Profiles
- Arlanxeo*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- China Petroleum & Chemical Corporation (SINOPEC)
- Indian Synthetic Rubber Ltd. (ISRL)
- JSR Corporation
- Kumho Petrochemical Co., Ltd.
- LG Chem. Ltd.
- PetroChina Company Ltd.
- Reliance Industries Ltd.
- Sibur Petrochemical Company
- Synthos
- Taiwan Synthetic Rubber Corporation (TSRC)
- Trinseo
- Versalis S.p.A. (Eni)
- ZEON Corporation
“*” marked represents similar segmentation in other categories in the respective section.
