Styrene Butadiene Rubber (SBR) Prices

Styrene Butadiene Rubber (SBR) Prices June 2024

The styrene butadiene rubber (SBR) prices in the United States for Q2 2024 reached 2140 USD/MT in June. The region faced consistent price growth fueled by strong demand from the tire and automotive industries. Increased feedstock costs for styrene and butadiene and strained supply chains due to geopolitical issues further drove the price surge, supported by seasonal production and sales trends.

The price trend for SBR in Japan for Q2 2024 settled at 1840 USD/MT in June. The market experienced significant price growth, driven by rising feedstock costs and stable naphtha prices, boosting production expenses. Increased procurement and inventory build-ups in expectations of higher demand, coupled with the automotive sector's recovery, reinforced the region's upward pricing momentum.

In Germany, the SBR prices for Q2 2024 reached 1845 USD/MT in June. The market experienced notable price increases, driven by escalating feedstock and production costs. The robust demand from automotive and tire manufacturing, combined with seasonal peaks in tire production and logistics disruptions, further fueled this upward trend, showcasing the market's resilience amidst economic challenges.

Styrene Butadiene Rubber (SBR) Prices December 2023

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.

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

Q2 2024:

During Q2 2024, the SBR market in Europe witnessed notable price fluctuations, mainly impacted by rising production costs and increasing feedstock prices for styrene and butadiene. Elevated shipping expenses and logistical issues, such as strikes at major ports, exacerbated supply constraints. Moreover, Germany exhibited the sharpest price changes, fueled by robust demand from the tire and automotive industries. Seasonal peaks in tire production further strengthened this upward pricing trend. The quarter ended with a consistently positive market outlook, underscoring the robustness of the SBR sector despite economic challenges and ongoing supply chain disruptions.

Q4 2023:

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.

North America Styrene Butadiene Rubber (SBR) Price

Q2 2024:

In North America, throughout the second quarter of 2024, the SBR market experienced a progressive price trend significantly impacted by amplified requirement from the tire and automotive sectors. This price elevation was intensified by elevated feedstock prices for butadiene and styrene, coupled with geopolitical drivers that complicated supply chains and magnified delivery expenses. Moreover, the supply-demand balance inclined towards tightness, escalating the price surge. The U.S. market experienced the most significant changes, with consistent price growth throughout the quarter. Furthermore, seasonal factors, such as heightened vehicle production and heightened summer usage, bolstered SBR demand, emphasizing the positive market trajectory.

Q4 2023:

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.

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.

Asia Pacific Styrene Butadiene Rubber (SBR) Price

Q2 2024:

In Q2 2024, the Asia Pacific SBR market experienced significant price growth driven by higher feedstock costs, notably styrene and butadiene, and stabilized naphtha prices, which drove production expenses upward. Disruptions in maritime cargo and rising shipping costs added to the overall financial strain. Moreover, the rebound of the tire and automotive sectors played a crucial role in fueling demand. Japan reported the most notable price surges in the region, reflecting strong purchasing activities and inventory build-ups. Despite economic challenges, the market maintained an optimistic sentiment supported by resilient demand, higher costs, and supply chain issues.

Q4 2023:

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.

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.

Styrene Butadiene Rubber (SBR) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Styrene Butadiene Rubber (SBR) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” 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.

Report Coverage

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.