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Global Styrenic Block Copolymer Market: By Product: Styrene-Butadiene-Styrene (SBS), Styrene-Isoprene-Styrene (SIS), Hydrogenated SBC (HSBC); By Application: Asphalt Modification, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Styrenic Block Copolymer Market Outlook
The global styrenic block copolymer market attained a value of USD 8.1 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 4.60% to reach USD 10.6 billion by 2026.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region |
| Breakup by Product | Styrene-Butadiene-Styrene (SBS), Styrene-Isoprene-Styrene (SIS), Hydrogenated SBC (HSBC) |
| Breakup by Application | Asphalt Modification, Wires and Cables, Polymer Modification, Adhesives and Sealants, Footwear, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | China Petrochemical Corporation, Asahi Kasei Corporation, JSR Corporation, Ineos Styrolution Group GmbH, Eastman Chemical Company, Kumho Petrochemical, Others |
| 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 Industry Opportunities and Challenges
8 Global Styrenic Block Copolymer Market Analysis
8.1 Key Industry Highlights
8.2 Global Styrenic Block Copolymer Historical Market (2017-2021)
8.3 Global Styrenic Block Copolymer Market Forecast (2022-2027)
8.4 Global Styrenic Block Copolymer Market by Product
8.4.1 Styrene-Butadiene-Styrene (SBS)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Styrene-Isoprene-Styrene (SIS)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Hydrogenated SBC (HSBC)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Styrenic Block Copolymer Market by Application
8.5.1 Asphalt Modification
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Wires and Cables
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Polymer Modification
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Adhesives and Sealants
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Footwear
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Others
8.6 Global Styrenic Block Copolymer Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 China Petrochemical Corporation
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Asahi Kasei Corporation
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 JSR Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Ineos Styrolution Group GmbH
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Eastman Chemical Company
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Kumho Petrochemical
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Industry Events and Developments
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, 2016 and 2026
2. Global Styrenic Block Copolymer Historical Market: Breakup by Product (USD Billion), 2017-2021
3. Global Styrenic Block Copolymer Market Forecast: Breakup by Product (USD Billion), 2022-2027
4. Global Styrenic Block Copolymer Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Styrenic Block Copolymer Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Styrenic Block Copolymer Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Styrenic Block Copolymer Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. North America Historical Price Trends and Forecast 2017-2027
19. Europe Historical Price Trends and Forecast 2017-2027
20. Asia Pacific Historical Price Trends and Forecast 2017-2027
21. Latin America Historical Price Trends and Forecast 2017-2027
22. Middle East and Africa Historical Price Trends and Forecast 2017-2027
23. Global Styrenic Block Copolymer Market Structure
Key Questions Answered in the Report
In 2020, the global styrenic block copolymer market attained a value of nearly USD 8.1 billion.
The market is projected to grow at a CAGR of 4.60% between 2022 and 2027.
The key market drivers guiding the growth of the industry include rising consumer awareness, stricter restrictions about carbon emissions, thriving construction industry, ongoing investments in the residential and non-residential construction sectors, green building development, and growing demand from the footwear industry.
The key industry trends are the increasing demand for medical components and the increasing demand for styrenic block copolymers in different industries.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant classification of products available in the industry by product are styrene butadiene-styrene (SBS), styrene-isoprene-styrene (SIS), and hydrogenated SBC (HSBC).
The significant classification of products available in the industry by application are asphalt modification, wires and cables, polymer modification, adhesives and sealants, and footwear, among others.
The major players in the industry 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 8.1 billion in 2020, 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 2022-2027, 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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