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Styrene Butadiene Rubber (SBR) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22661
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Styrene Butadiene Rubber (SBR) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Styrene Butadiene Rubber (SBR) | Elastomer | USA | 1779 USD/MT |
| Styrene Butadiene Rubber (SBR) | Elastomer | Japan | 1529 USD/MT |
| Styrene Butadiene Rubber (SBR) | Elastomer | Germany | 1554 USD/MT |
The price of styrene butadiene rubber (SBR) in the USA for Q4 2023 reached 1779 USD/MT in December. Due to a lack of capacity at the nation's main ports, cargo shippers from the cargo region gave priority to secondary ports. In addition, higher feedstock prices were predicted, and low domestic inventory levels suggested more price increases in the next quarter. Because of a reasonable supply and demand, the market had a negative trend during the most recent quarter.
The price trend for SBR in Japan for the last quarter of 2023 reached 1529 USD/MT. All four of Daihatsu's domestic factories temporarily ceased operations. Daihatsu is the country's division of Toyota Motor Corp. The announcement of the suspension of car exports both domestically and internationally owing to the discovery of incorrect testing procedures was followed by an investigation into irregular safety certification tests by transport ministry officials.
The price trend for (SBR) in Germany for Q4 2023, reached 1554 USD/MT in December and saw the most notable price fluctuations. Price trends showed a continued downward movement due to weak demand and steady supply, resulting in significant weekly and quarterly price declines. Despite efforts to stabilize the market, including requests for tariff relief, the measures did not lead to substantial recovery, reflecting the broader European trend.
Styrene Butadiene Rubber (SBR) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Styrene Butadiene Rubber (SBR) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of styrene butadiene rubber (sbr) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of styrene butadiene rubber (sbr) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of styrene butadiene rubber (sbr) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing styrene butadiene rubber (sbr) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Styrene Butadiene Rubber (SBR) Market Analysis
The global styrene butadiene rubber (SBR) market size reached US$ 10.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 17.3 Billion, at a projected CAGR of 5.5% during 2023-2032.
- The growing adoption of SBR in the automobiles as a key component in tire manufacturing, along with the thriving automotive industry, is offering a favorable market outlook.
- According to IMARC Group’s report, the global textile market reached US$ 1,027.0 Billion in 2023 and it is expected to reach US$ 1,445.4 Billion by 2032. The SBR demand is further amplified by its utilization as a coating or additives in the textiles industry to impart water resistance, durability, and flexibility.
- SBR is also becoming increasingly popular in infrastructure development, including road construction and maintenance.
- The World Bank’s report of 2023 claims that around 50% of the population resides in urban areas, which is expected to increase by 1.5 times to 6 billion by 2045. Rapid urbanization and population growth is driving the demand for transportation, construction, and industrial goods, all of which rely heavily on SBR.
- SBR production has also witnessed a considerable rise due to the growing demand for performance polymers, which are utilized in multiple industries, such as automotive, construction, and consumer goods.
- Ongoing innovations in SBR production processes, including polymerization techniques and compound formulations, are leading to enhanced product quality, performance, and cost-effectiveness.
- The market is also expanding due to stringent environmental regulations regarding tire performing and fuel efficiency.
- Another factor driving SBR is the growing emphasis on sustainability and eco-friendly materials in manufacturing processes, leading to the development of SBR formulations with improved recyclability and reduced environmental impact.
- SBR key players are exploring new applications in niche markets beyond traditional sectors, which is propelling the growth of the market.
- The growing adoption of SBR in the production of shoe soles, heels, and other footwears components due to its affordability and durability is strengthening the market growth.
Styrene Butadiene Rubber (SBR) News
The report covers the latest developments, updates, and trends impacting the global styrene butadiene rubber (sbr) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in styrene butadiene rubber (sbr) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the styrene butadiene rubber (sbr) price trend.
Latest developments in the styrene butadiene rubber (SBR) industry:
- In 2023, Synthos, a leading global producer of synthetic rubber announced the signing of a Memorandum of Understanding (MOU) with Kumho Tire, for the joint development of sustainable tire raw materials.
- In 2023, China Petroleum & Chemical Corp. (Sinopec), a subsidiary of Hainan Baling Chemical New Material Co. Ltd., has commissioned the world ’s largest plant for production of styrene-butadiene copolymer (SBC) at its operations in Hainan, China, with the investment of $279.74 billion.
Product Description
SBR is a synthetic rubber, which is known for its excellent abrasion resistance, durability, and water resistance. It is manufactured through the polymerization of styrene and butadiene, the two organic compounds derived from petroleum. It is cost-effective as compared to natural rubber, making it an inexpensive choice for manufacturing various products. SBR can be recycled and reused in multiple applications, which contributes to substantial efforts and reduces environmental impacts.
In addition, SBR-modified asphalt is used in the construction and maintenance of the road due to its ability to improve the durability and resistance of asphalt pavements to cracking and rutting. It is also incorporated into roofing materials, such as membranes and coatings, on account of its waterproofing properties and ability to withstand exposure to sunlight and weathering. Additionally, it is utilized to produce sporting goods like mats, balls, and grips owing to its resilience and shock absorption.
Regional Coverage
The report provides a detailed analysis of the styrene butadiene rubber (sbr) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the styrene butadiene rubber (sbr) price trend.
Global Styrene Butadiene Rubber (SBR) Price
The report offers a holistic view of the global styrene butadiene rubber (SBR) pricing trends in the form of styrene butadiene rubber (SBR) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into styrene butadiene rubber (SBR) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into styrene butadiene rubber (SBR) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed styrene butadiene rubber (SBR) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Styrene Butadiene Rubber (SBR) Price
During the fourth quarter of 2023, the market for styrene butadiene rubber (SBR) in Europe experienced a challenging environment, characterized by weak demand and a moderate supply situation. Decreased manufacturing rates and a dismal demand forecast were visible as the quarter came to an end. Although the market conditions became unfavorable over the same period last year, SBR manufacturers and retailers managed to maintain stable prices. The overall price scale of SBR was significantly affected by declines in both upstream (crude oil) and midstream (styrene and butadiene) materials.
This analysis can be extended to include detailed styrene butadiene rubber (SBR) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Styrene Butadiene Rubber (SBR) Price
The market prices for styrene butadiene rubber (SBR) in North America are trending downward because of moderate demand and minor price changes caused by a variety of causes. In addition to this, a labor hit in the auto industry might affect car inventories, which would then affect the demand for SRBs. Accordingly, decreased raw material costs such as those of butadiene and styrene also led to lower overall manufacturing costs for SBRs.
Specific styrene butadiene rubber (sbr) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Styrene Butadiene Rubber (SBR) Price
The report explores the styrene butadiene rubber (SBR) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on styrene butadiene rubber (SBR) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Styrene Butadiene Rubber (SBR) Price
The market for styrene butadiene rubber (SBR) in the Asia Pacific region experienced restrained price trends in Q4 of 2023, along with average demand. In line with this, The expectation for demand for SBR was impacted by the passenger vehicle sector slump, which was caused by difficulties in maintaining the pace for sports utility vehicles. In addition to this, the stable prices of feedstock styrene and butadiene played an essential role in influencing the overall production costs and delivery costs of the commodity.
This styrene butadiene rubber (SBR) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Styrene Butadiene Rubber (SBR) Price
The analysis of styrene butadiene rubber (SBR) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Styrene Butadiene Rubber (SBR) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Styrene Butadiene Rubber (SBR) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of styrene butadiene rubber (sbr) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting styrene butadiene rubber (sbr) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The styrene butadiene rubber (sbr) price charts ensure our clients remain at the forefront of the industry.
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