Indonesia Styrene-butadiene rubbers (SBR) Market (2024-2030) Outlook | Revenue, Share, Forecast, Analysis, Trends, Companies, Growth, Industry, Size & Value

Indonesia Styrene-butadiene rubbers (SBR) Market Synopsis

Styrene-butadiene rubber (SBR) is a synthetic rubber copolymer composed of styrene and butadiene. It has good abrasion resistance, excellent processability and low cost, which makes it one of the most widely used general purpose rubbers in Indonesia. SBR is primarily used as an ingredient in tires, conveyor belts, shoe soles and other elastomeric components for automotive applications.

Market Trends

The Indonesia Styrene-Butadiene Rubber (SBR) market is projected to grow at a CAGR of 4% during the forecast period 2020?2025. The growth can be attributed to increasing demand from the tire industry due to the rising number of vehicles sales in Indonesia coupled with increasing government spending on infrastructure development projects such as road construction and expansion plans across various cities in Indonesia. Furthermore, growing urbanization activities have spurred higher demand for consumer goods such as automobiles that require SBR based products thereby driving up market demand for this commodity further. Additionally, expanding industrial base including chemical industries are expected to create opportunities for producers operating within the region over the next five years.

Market Drivers

Some key drivers influencing growth rate of Indonesia Styrene-Butadiene Rubber (SBR) Market include increase in global automobile production & sales along with growing investments by leading manufacturers towards R&D activities concerning new product launches aimed at catering varied application requirements from customers worldwide; growing focus towards sustainability initiatives resulting into increased use of natural rubber based components instead conventional petroleum derived rubbers; favourable regulations governing usage standards & certification procedures implemented by various regulatory bodies across different countries worldwide; surging availability of bio-based alternatives owing to technological advancements coupled with escalating environmental concerns surrounding petrochemical derivatives among end users across several industry verticals etc.

COVID-19 Impact on the Market

The COVID-19 pandemic has had wide ranging impacts on markets around world including Indonesia Styren Butadienen rubber sector too! Reduced production capacities due disruptions caused by lockdowns imposed globally resulted into major supply side pressures leading into sharp decline witnessed across prices offered by both domestic as well international suppliers resulting into reduced profitability margins among their counterparts operating out there! Moreover lessening activity levels observed widespread throughout all commercial sectors combined together led into major reductions seen pertaining old order levels subsequently causing short term profits dips amongst companies dealing within this domain.

Challenges of the Market

Fluctuations in the prices of raw materials such as butadiene and styrene have a direct impact on SBR production costs. This has led to an increase in the overall cost of manufacturing SBR, adversely impacting the profitability of manufacturers. The presence of stringent regulations pertaining to emissions is likely to hinder the market growth over the forecast period. In some applications, synthetic rubbers are believed to be superior than SBR rubber due their better properties including strength, durability and resistance towards abrasion and heat which may lead to a decrease in demand for SBR products from certain end-use industries such as automotive industry over other countries where they are more competitively priced compared to synthetic rubbers, thus creating barriers for vendors operating in Indonesia Styrene-butadiene rubber (SBR) Market.

Industry Key Players

Sinopec Corporation (China), Lanxess AG (Germany), Petrochina Company Limited (China), KUMHO PETROCHEMICAL CO., LTD.(South Korea), LG Chem Ltd(South Korea).

Key Highlights of the Report:

• Indonesia Styrene-butadiene rubbers (SBR) Market Outlook
• Market Size of Indonesia Styrene-butadiene rubbers (SBR) Market, 2020
• Forecast of Indonesia Styrene-butadiene rubbers (SBR) Market, 2027
• Historical Data and Forecast of Indonesia Styrene-butadiene rubbers (SBR) Revenues & Volume for the Period 2023 - 2027
• Indonesia Styrene-butadiene rubbers (SBR) Market Trend Evolution
• Indonesia Styrene-butadiene rubbers (SBR) Market Drivers and Challenges
• Indonesia Styrene-butadiene rubbers (SBR) Price Trends
• Indonesia Styrene-butadiene rubbers (SBR) Porter's Five Forces
• Indonesia Styrene-butadiene rubbers (SBR) Industry Life Cycle
• Historical Data and Forecast of Indonesia Styrene-butadiene rubbers (SBR) Market Revenues & Volume By Product for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Styrene-butadiene rubbers (SBR) Market Revenues & Volume By Emulsion SBR for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Styrene-butadiene rubbers (SBR) Market Revenues & Volume By Solution SBR for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Styrene-butadiene rubbers (SBR) Market Revenues & Volume By End-user for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Styrene-butadiene rubbers (SBR) Market Revenues & Volume By Automotive for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Styrene-butadiene rubbers (SBR) Market Revenues & Volume By Polymer Modification for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Styrene-butadiene rubbers (SBR) Market Revenues & Volume By Adhesives for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Styrene-butadiene rubbers (SBR) Market Revenues & Volume By Footwear for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Styrene-butadiene rubbers (SBR) Market Revenues & Volume By Others for the Period 2023 - 2027
• Indonesia Styrene-butadiene rubbers (SBR) Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By End-user
• Indonesia Styrene-butadiene rubbers (SBR) Top Companies Market Share
• Indonesia Styrene-butadiene rubbers (SBR) Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Styrene-butadiene rubbers (SBR) Company Profiles
• Indonesia Styrene-butadiene rubbers (SBR) Key Strategic Recommendations