1 Revenue Share of Top 10 and Top 5 Companies in Solution Styrene Butadiene Rubbers (SSBR) Market in 2022
In 2022, the revenue of the top 10 SSBR companies in the world accounted for 65.39% of the entire SSBR market, while other companies accounted for 34.61%. Among them, the revenue of the top 5 companies accounted for 42.92%, indicating that the market concentration is relatively high and the leading companies occupy a large market share.
Figure Global Top 10 and Top 5 Companies by Solution Styrene Butadiene Rubbers (SSBR) Revenue in 2022
2. Analysis of Asahi Kasei
Asahi Kasei’s SSBR sales volume showed an upward trend from 2018 to 2023, and is expected to reach 185.1 thousand tons in 2023, showing the company’s continued growth in sales volume.
Product prices peaked at $2162/ton in 2021, then declined in 2022 and are expected to rebound to $1955/ton in 2023.
The company’s revenue increased from $255.03 million in 2018 to an estimated $361.80 million in 2023, showing a steady growth trend.
Gross margin remained relatively stable between 2018 and 2023, peaking at 22.79% in 2021 and expected to decline slightly to 17.75% in 2023.
Table Asahi Kasei Solution Styrene Butadiene Rubbers (SSBR) Sales, Price, Revenue, Gross Margin (2018-2023)
|
Asahi Kasei |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Sales (K Tons) |
136.5 |
152.3 |
142.9 |
161.7 |
175.1 |
185.1 |
|
Price (USD/Ton) |
1869 |
1882 |
1881 |
2162 |
1994 |
1955 |
|
Revenue (M USD) |
255.03 |
286.59 |
268.84 |
349.44 |
349.16 |
361.80 |
|
Gross (M USD) |
42.49 |
49.61 |
41.29 |
79.64 |
62.24 |
64.23 |
|
Gross Margin |
16.66% |
17.31% |
15.36% |
22.79% |
17.83% |
17.75% |
3. Analysis of Synthos Group
Synthos Group’s SSBR sales volume increased from 131.1 thousand tons in 2018 to an estimated 165.0 thousand tons in 2023, showing the company’s continued growth in sales volume.
Prices peaked at $2372/ton in 2021 and are expected to decline to $2124/ton in 2023, reflecting the volatility of market prices.
Revenue increased from $280.93 million in 2018 to an estimated $350.35 million in 2023, showing a growing trend in revenue.
Gross margin fluctuated between 2018 and 2023, changing from 16.07% to 16.08%, indicating that the company has a certain degree of stability in controlling costs and maintaining profit margins.
Table Synthos Group Solution Styrene Butadiene Rubbers (SSBR) Sales, Price, Revenue, Gross Margin (2018-2023)
|
Synthos Group |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Sales (K Tons) |
131.1 |
136.7 |
124.7 |
146.0 |
156.8 |
165.0 |
|
Price (USD/Ton) |
2144 |
2110 |
2053 |
2372 |
2118 |
2124 |
|
Revenue (M USD) |
280.93 |
288.49 |
256.00 |
346.20 |
331.94 |
350.35 |
|
Gross (M USD) |
45.13 |
47.24 |
36.31 |
72.27 |
53.31 |
56.35 |
|
Gross Margin |
16.07% |
16.37% |
14.18% |
20.88% |
16.06% |
16.08% |
