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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 (2016-2026); 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 2021-2026 at a CAGR of 4.60% to reach USD 10.6 billion by 2026.

 

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.

 

Global Styrenic Block Copolymer Market

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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: Industry Definition and 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.

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.

 

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 2016-2020
Forecast Period 2021-2026
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, EMR’s 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2016-2020)
    8.3    Global Styrenic Block Copolymer Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Styrene-Isoprene-Styrene (SIS) 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Hydrogenated SBC (HSBC)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    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 (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Wires and Cables
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Polymer Modification
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Adhesives and Sealants
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Footwear
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
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 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), 2016-2020
3.    Global Styrenic Block Copolymer Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Styrenic Block Copolymer Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Styrenic Block Copolymer Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Styrenic Block Copolymer Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Styrenic Block Copolymer Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Styrenic Block Copolymer Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Styrenic Block Copolymer Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    North America Historical Price Trends and Forecast 2016-2026
19.    Europe Historical Price Trends and Forecast 2016-2026
20.    Asia Pacific Historical Price Trends and Forecast 2016-2026
21.    Latin America Historical Price Trends and Forecast 2016-2026
22.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
23.    Global Styrenic Block Copolymer Market Structure

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