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Styrene-butadiene rubber is the synthetic elastomer, which is derived from butadiene and styrene. It is mainly found in pressure sensitive adhesive. It is available in different types including solution and emulsion types. It is widely used to manufacture pressure sensitive tapes. Furthermore, styrene-butadiene rubber based adhesive provides better heat-aging, physical strength, resilience, low temperature properties, abrasion resistance, and crack resistance. These properties surge the demand for styrene-butadiene rubber based adhesive in various application such as tapes and floor adhesive.
The rising demand for SBR based adhesive in the floor adhesive application will fuel market growth. The styrene-butadiene rubber adhesive is resistant to water, chemicals, and general abrasion. It is actively tough for the flooring installation whether it is indoors or outdoors. It is also used to improve the adhesion strength of cement-based mortars. These properties of SBR adhesive increase their demand in flooring applications, which further provides lucrative growth in the styrene butadiene rubber based adhesive market during the forecast timeline.
However, the lack of availability of styrene-butadiene rubber adhesive leads to a reduction in the adoption of the product and also raises the demand for substitute products such as a natural rubber-based adhesive and styrenic block copolymer based adhesives. Hence, this is anticipated to restrict the market growth.
Key Market Driver -
Rising demand for styrene-butadiene rubber based adhesive in the floor adhesive application to drive the market growth
Key Market Restraint -
Lack of availability of styrene-butadiene rubber based adhesive to restrict the market
Based on product type, the styrene-butadiene rubber based adhesive market is segmented into solution types and emulsion types. Based on application, the market is segmented into tapes, flooring adhesives, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The global & regional players operating in the Styrene-Butadiene Rubber (SBR) Based Adhesive market includes Lanxess, Sinopec, The Goodyear Tire & Rubber Company, Eastman, LG Chemicals, Korea Kumho Petrochemical Company, Versalis, Asahi Kasei Chemical Corporation, Zeon Corporation, and others.
The Asia Pacific is anticipated to witness significant growth in the styrene-butadiene rubber-based adhesive market during the forecast timeline. The growth is due to the rising use of SBR adhesive in the flooring adhesive application. The increasing adoption of SBR adhesive in tapes will fuel the market growth in Europe. The growth of SBR adhesive in North America is attributed to the rising its demand over natural-based adhesive in various applications. This further surge the styrene-butadiene rubber-based adhesive market in this region. In the Middle East & Africa, the growth is owing to the increasing use of solution-based SBR adhesive in-floor adhesive application.
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