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Global Styrenic Block Copolymer Market Size, Share, Demand: By Product: Styrene-Butadiene-Styrene (SBS), Styrene-Isoprene-Styrene (SIS), Hydrogenated SBC (HSBC); By Application: Asphalt Modification, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Styrenic Block Copolymer Market Outlook
The global styrenic block copolymer market attained a value of USD 9.27 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.60% to reach USD 13.89 billion by 2032.
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Increasing Demand for Styrene-Butadiene-Styrene (SBS) to Augment the Global Styrenic Block Copolymer Industry
The industry for styrenic block copolymer is led by the styrene-butadiene-styrene (SBS) segment. The increased demand from the polymer, footwear, construction, and adhesives and sealants industries can be ascribed to this growth. Also, the demand for SBS in paving and roofing applications is being driven by the rising construction spending and infrastructure development activities, particularly in emerging economies, which is expected to further boost the market in the coming years.
The Asia Pacific to Provide Significant Growth Opportunities to the Global Styrenic Block Copolymer Industry
The Asia Pacific accounts for a significant share of the global styrenic block copolymer industry. The increased product demand can be attributed to the thriving construction industry in the region. The various government initiatives encouraging basic amenities, coupled with the growing demand for affordable housing are fuelling the market growth in emerging economies like India and China. The industry is predicted to grow due to an increase in demand for permanent housing in rural areas of developing economies. Furthermore, the market is expected to grow in the forecast period due to the government's and foreign companies' ongoing investments in the residential and non-residential construction sectors in order to provide long-term housing and commercial facilities.
Styrenic Block Copolymer: Market Segmentation
Styrenic block copolymers are high-performance thermoplastic elastomers that are specifically designed to increase product application and performance. They are normally thermally stable, crystal clear, and resistant, with little cytotoxic or mutagenic potential.
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By product, the industry is segmented into:
- Styrene-Butadiene-Styrene (SBS)
- Styrene-Isoprene-Styrene (SIS)
- Hydrogenated SBC (HSBC)
The market can be broadly categorised on the basis of application into:
- Asphalt Modification
- Wires and Cables
- Polymer Modification
- Adhesives and Sealants
- Footwear
- Others
The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing demand for Medical Equipment to Bolster the Growth of the Styrenic Block Copolymer Industry
The increasing demand for medical components such as tubing, bags, and IV drip chambers are supporting the growth of the styrenic block copolymer industry. Furthermore, the demand for medical components has increased as the number of positive coronavirus cases increase around the world, fuelling the market expansion. The styrenic block copolymers are known for their high transparency, flexibility, good mechanical strength, kink resistance, and excellent UV and chemical resistance. In addition, the demand for styrenic block copolymers in different industries is being driven by a growing need for an alternative of polyvinyl chloride (PVC) due to several risks connected with its use. Furthermore, the increased coefficient of friction of styrenic block copolymer shoe soles on wet and asphalt road surfaces is expected to stimulate the demand for the material. Moreover, the increasing investments in green building projects, supported by the rising consumer awareness and stricter restrictions about carbon emissions, is expected to fuel the demand for lightweight, environmentally friendly material like styrenic block copolymers. Over the forecast period, the development of new products with better properties and growth prospects in hot-melt adhesives is projected to favour the market growth.
Key Industry Players in the Global Styrenic Block Copolymer Market
The report presents a detailed analysis of the following key players in the styrenic block copolymer market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- China Petrochemical Corporation
- Asahi Kasei Corporation
- JSR Corporation
- Ineos Styrolution Group GmbH
- Eastman Chemical Company
- Kumho Petrochemical
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Styrenic Block Copolymer Market Analysis
8.1 Key Industry Highlights
8.2 Global Styrenic Block Copolymer Historical Market (2018-2023)
8.3 Global Styrenic Block Copolymer Market Forecast (2024-2032)
8.4 Global Styrenic Block Copolymer Market by Product
8.4.1 Styrene-Butadiene-Styrene (SBS)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Styrene-Isoprene-Styrene (SIS)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hydrogenated SBC (HSBC)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Styrenic Block Copolymer Market by Application
8.5.1 Asphalt Modification
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Wires and Cables
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Polymer Modification
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Adhesives and Sealants
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Footwear
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Styrenic Block Copolymer Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Styrenic Block Copolymer Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Styrenic Block Copolymer Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Styrenic Block Copolymer Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Styrenic Block Copolymer Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Styrenic Block Copolymer Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 China Petrochemical Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Asahi Kasei Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 JSR Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Ineos Styrolution Group GmbH
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Eastman Chemical Company
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Kumho Petrochemical
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Styrenic Block Copolymer Market: Key Industry Highlights, 2018 and 2032
2. Global Styrenic Block Copolymer Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Styrenic Block Copolymer Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Styrenic Block Copolymer Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Styrenic Block Copolymer Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Styrenic Block Copolymer Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Styrenic Block Copolymer Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Styrenic Block Copolymer Market Structure
Key Questions Answered in the Report
In 2023, the global styrenic block copolymer market attained a value of nearly USD 9.27 billion.
The market is projected to grow at a CAGR of 4.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 13.89 billion by 2032.
The major market drivers include rising consumer awareness, thriving construction market, ongoing investments in the residential and non-residential construction sectors, and the growing demand from the footwear market.
The key trends are the increasing demand for medical components, green building development, and stricter restrictions about carbon emissions.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant products available in the market are styrene butadiene-styrene (SBS), styrene-isoprene-styrene (SIS), and hydrogenated SBC (HSBC).
The various applications of styrenic block copolymer are asphalt modification, wires and cables, polymer modification, adhesives and sealants, and footwear, among others.
The key players in the global styrenic block copolymer market are China Petrochemical Corporation, Asahi Kasei Corporation, JSR Corporation, Ineos Styrolution Group GmbH, Eastman Chemical Company, and Kumho Petrochemical, among others.
Analyst Review
The global styrenic block copolymer market attained a value of USD 9.27 billion in 2023, driven by the increasing demand in medical applications. Aided by the growing demand from the footwear industry and increasing investments in green building development, is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.60%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the industry can be segmented into styrene butadiene-styrene (SBS), styrene-isoprene-styrene (SIS), and hydrogenated SBC (HSBC). Based on application, the industry can be segmented into asphalt modification, wires and cables, polymer modification, adhesives and sealants, and footwear, among others. The major regional markets for styrenic block copolymer are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include China Petrochemical Corporation, Asahi Kasei Corporation, JSR Corporation, Ineos Styrolution Group GmbH, Eastman Chemical Company, and Kumho Petrochemical, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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