Styrene Butadiene Rubber (SBR) Based Adhesive Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies

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The styrene butadiene rubber (sbr) based adhesive global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Styrene Butadiene Rubber (SBR) Based Adhesive Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The styrene butadiene rubber (SBR) based adhesive market size has grown strongly in recent years. It will grow from $4.8 billion in 2023 to $5.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to flexible packaging, the growth of consumer goods packaging, non-tire rubber products, the shift from solvent-based to water-based formulations, and the expansion of the fashion and footwear industry.

The styrene butadiene rubber (SBR) based adhesive market size is expected to see strong growth in the next few years. It will grow to $6.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increased vehicle production, electric vehicle (EV) expansion, e-commerce expansion, environmental laws, and growing pressure for eco-friendly and low-emission adhesives. Major trends in the forecast period include surface engineering techniques, automated application processes, 3D printing, self-healing properties, and hybrid adhesives.

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Scope Of Styrene Butadiene Rubber (SBR) Based Adhesive Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Styrene Butadiene Rubber (SBR) Based Adhesive Market Overview

Market Drivers –
The expansion of the construction industry is expected to propel the styrene butadiene rubber (SBR)-based adhesive market going forward. The construction industry is rising due to several reasons, including urbanization, government infrastructure investments, sustainable and green building trends, and industrial development. Styrene butadiene rubber (SBR)-based adhesives enhance the durability and flexibility of construction materials, improving resistance to environmental stress. For instance, in November 2023, according to the Office for National Statistics, a UK-based Statistics Authority office, total new construction work saw an increase of £18,161 million ($22.70 billion), fueled by growth in both the private and public sectors in 2022, which experienced rises of 16.8% and 13.1%, respectively. Therefore, the expansion of the construction industry is driving the growth of the styrene butadiene rubber (SBR)-based adhesive market.

Market Trends –
Major companies operating in the styrene butadiene rubber (SBR)-based adhesive market are focusing on developing high-performance materials, such as selective hydrogenation, to enhance the performance and sustainability of their adhesives, aiming to meet the growing demand for environmentally friendly and high-performance bonding solutions in various applications. Selective hydrogenation is a chemical process that involves the addition of hydrogen to specific bonds in unsaturated compounds, improving their stability and performance while preserving other functional groups or structures in the molecule. For instance, in June 2024, Asahi Kasei Corporation, a Japan-based chemical company, launched functionalized hydrogenated styrene butadiene rubber (HSBR) and thermoplastic elastomer (TPE) solutions to reduce the need for fillers such as silica or carbon black. The functionalized hydrogenated solution styrene butadiene rubber (HSBR) features a cutting-edge material that combines excellent processability and compatibility with enhanced resistance to heat, aging, and chemicals. Its unique properties also reduce the reliance on harmful antioxidants such as 6PPD, mitigating environmental risks. Additionally, the increased hardness from hydrogenation allows for lower filler material usage, making it ideal for applications in performance tires, belts, hoses, and other durable rubber products.

The styrene butadiene rubber (SBR) based adhesive market covered in this report is segmented –

1) By Type: Solution Types, Emulsion Types
2) By Application: Tapes, Flooring Adhesives, Other Applications
3) By End-Use Industry: Automotive, Construction, Industrial Manufacturing, Packaging, Other End Use Industries

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Regional Insights –
Asia-Pacific was the largest region in the styrene butadiene rubber (SBR) based adhesive market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the styrene butadiene rubber (SBR) based adhesive marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies operating in the styrene butadiene rubber (SBR) based adhesive marker are ExxonMobil Chemical Company, BASF SE, 3M Company, Henkel AG & Co. KGaA, Sumitomo Chemical Co. Ltd., Asahi Kasei Corporation, Illinois Tool Works Inc., Sika AG, Avery Dennison Corporation, Versalis S.p.A., Trinseo LLC, Zeon Corporation, Kraton Corporation, Dynasol Group, Euclid Chemical Company, Lion Elastomers LLC, Anglo Adhesives & Services Limited, U.S. Adhesives Inc., Mapei S.p.A., Dunlop Adhesives (Thailand) Limited

Table of Contents
1. Executive Summary
2. Styrene Butadiene Rubber (SBR) Based Adhesive Market Report Structure
3. Styrene Butadiene Rubber (SBR) Based Adhesive Market Trends And Strategies
4. Styrene Butadiene Rubber (SBR) Based Adhesive Market – Macro Economic Scenario
5. Styrene Butadiene Rubber (SBR) Based Adhesive Market Size And Growth
…..
27. Styrene Butadiene Rubber (SBR) Based Adhesive Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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