Solution Styrene Butadiene Rubber Market Summary

The global solution styrene butadiene rubber (SSBR) market size was valued at USD 12.84 billion in 2023 and is projected to reach USD 17.76 billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030. The increasing use of SSBR in tires and various other rubber-based products is driving market growth, owing to its superior performance characteristics and versatility across multiple applications.

Manufacturers are gradually replacing emulsion styrene butadiene rubber (E-SBR) with solution styrene butadiene rubber (S-SBR) due to its ability to enhance fuel efficiency, provide better wet grip, and reduce rolling resistance in vehicles. These performance improvements contribute to the production of energy-efficient and environmentally friendly tires, aligning with the global shift toward sustainability in the automotive industry. Moreover, SSBR’s excellent resistance to deterioration, weathering, and environmental exposure makes it ideal for outdoor and automotive applications beyond tire production. It is also widely utilized in the manufacture of conveyor belts, industrial goods, cable insulation and sheathing, as well as footwear soles and heels, contributing to its strong demand in industrial and consumer markets.

The growing pace of urbanization has further fueled the demand for packaged goods and industrial materials, indirectly increasing the consumption of SSBR across several industries. The material’s flexibility and durability make it suitable for a wide range of uses, thereby expanding its application base in both developed and emerging economies.

Key Market Trends & Insights

  • North America dominated the solution styrene butadiene rubber market with a 46.7% share in 2023, primarily driven by a strong automotive manufacturing base and advancements in tire technology.
  • The Asia Pacific SSBR market is anticipated to witness significant growth over the coming years, supported by expanding automotive production, infrastructure development, and rising demand for high-performance tires in countries such as China, India, and Japan.
  • Based on material, the emulsion SBR segment dominated the market and accounted for the largest revenue share of 62.8% in 2023, owing to its widespread use in tires and general rubber applications.
  • In terms of application, the tire segment dominated the market and accounted for the largest revenue share in 2023, as SSBR is a key material used in manufacturing fuel-efficient and durable tires for passenger and commercial vehicles.
  • Based on application, the footwear segment is expected to grow at a significant CAGR of 4.3% over the forecast years, driven by the increasing demand for comfortable, flexible, and durable shoe soles in both casual and athletic footwear categories.

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Market Size & Forecast

  • 2023 Market Size: USD 12.84 Billion
  • 2030 Projected Market Size: USD 17.76 Billion
  • CAGR (2024-2030): 4.5%
  • North America: Largest market in 2023
  • Asia Pacific: Fastest growing market

Key Companies & Market Share Insights

Some of the key participants in the global solution styrene butadiene rubber market areAsahi Kasei Corporation, Versalis S.p.A, LG Chem, LANXESS, and others. Businesses place a strong emphasis on expanding the service area in order to grow market share and increase company revenue. 

  • Asahi Kasei Corporation focuses on developing fiber products, chemicals, and electronic materials using its core chemistry technology. The product portfolio of the company includes styrene, foam insulation panels, membrane filtration systems,polymers, ion-exchange membranes, and others.

Key Players

  • Versalis S.p.A
  • Asahi Kasei Corporation
  • ARLANXEO
  • LG Chem
  • LANXESS
  • BRP Manufacturing
  • Vardhman
  • ZEON CORPORATION
  • Saiko Rubber (M) Sdn Bhd.
  • Hallstar

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Conclusion

The global solution styrene butadiene rubber market is expected to experience steady growth due to increasing demand from the automotive, industrial, and footwear sectors. As manufacturers continue to prioritize high-performance, sustainable materials, SSBR is set to gain more prominence over traditional rubber types. Technological innovations, expanding tire production, and ongoing industrialization in emerging regions will further strengthen market growth. With its superior mechanical properties and environmental benefits, SSBR will play a vital role in advancing efficiency and sustainability across multiple industries worldwide.