Global Styrenic Block Copolymer Market Size, Share, Trends, Industry Growth by Product (SBS, SIS, SEBS, SEPS, Others), by Application (Adhesives & Sealants, Footwear, Paving & Roofing, Healthcare, Toys, Packaging, & Others), by Region, and Forecast to 2030

Report ID: RC11681 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: June 30th, 2023

The global styrenic block copolymer market size was valued at around USD 8 billion in 2022 and is anticipated to register a significant CAGR of > 5% during the forecast period from 2023 to 2030. The increasing demand for the product in various applications such as adhesives, sealants, paints, coatings, medical devices, etc, is a prominent factor driving the industry growth. Furthermore, the significant growth in the construction industry and the growing investment in road networks across the globe are further anticipated to boost the segment growth over the forecast period. Moreover, the significant demand for high-quality products in the medical sector and the FDA standards are projected to propel the market growth in the next upcoming years.

Market Snapshot:

Benchmark Year 2022
Market Size ~ USD 8 Billion in 2022
Market Growth (CAGR) > 5% (2023-2030)
Largest Market Share Asia Paacific
Analysis Period 2020-2030
Market Players LCY Group, KRATON Corp., Zeon Europe GmbH, Asahi Kasei Corp., and China Petrochemical Corp.

Market Drivers:

Versatile Applications: Styrenic block copolymers offer a wide range of applications across various industries. They are used in the production of adhesives, sealants, coatings, elastomers, and thermoplastic compounds. The versatility of SBCs, with their ability to provide a balance of elasticity, toughness, and processability, has led to increased adoption in industries such as automotive, construction, packaging, healthcare, and electronics.

Growing Demand in the Automotive Industry: The automotive industry is one of the major consumers of SBCs. They are used in automotive interior components, such as instrument panels, door panels, and seating, due to their excellent properties such as high elasticity, durability, and impact resistance. With the increasing demand for lightweight materials, improved aesthetics, and enhanced comfort in vehicles, the adoption of SBCs in the automotive industry has grown significantly.

Increasing Use in Consumer Goods and Packaging: SBCs are widely used in consumer goods and packaging applications. They provide soft-touch surfaces, impact resistance, and flexibility, making them ideal for products such as footwear, sports equipment, toys, and household appliances. In packaging, SBCs are used for flexible films, closures, and containers, offering features like easy sealing, transparency, and puncture resistance. The rising demand for consumer goods and innovative packaging solutions has driven the growth of the SBC market.

Rise in Demand for Medical and Healthcare Products: SBCs find extensive use in the medical and healthcare sector due to their biocompatibility, sterilizability, and softness. They are employed in medical device components, drug delivery systems, wound dressings, and surgical instruments. The growing aging population, increasing healthcare expenditure, and advancements in medical technology have contributed to the increased adoption of SBCs in medical applications.

Shift towards Sustainable and Eco-Friendly Materials: SBCs are known for their recyclability and compatibility with other polymers, promoting their usage in sustainable and eco-friendly applications. As environmental concerns grow, there is a shift towards materials that can be recycled or reused. SBCs offer excellent compatibility with other polymers, enabling their use in blends and composites, which enhances the sustainability of the final products.

Technological Advancements in SBC Manufacturing: Technological advancements in SBC manufacturing processes have improved the efficiency, consistency, and quality of SBC products. Innovations in polymerization techniques, including anionic polymerization, have enabled the production of SBCs with precise molecular structures, leading to improved performance characteristics. These advancements have expanded the range of applications and increased the market demand for SBCs.

Favorable Regulatory Environment: The regulatory environment plays a significant role in driving the SBC market. Regulatory standards and guidelines related to safety, performance, and environmental impact influence the adoption of SBCs in various industries. Compliance with regulations regarding consumer product safety, food contact materials, and healthcare standards is essential for the usage of SBCs, creating opportunities for market growth.

Growing Construction and Infrastructure Sector: The construction and infrastructure sector has witnessed substantial growth, driving the demand for SBCs. SBCs are used in applications such as sealants, coatings, flooring, roofing, and soundproofing materials. They offer properties such as weather resistance, durability, and adhesion, making them suitable for construction applications. The expanding construction and infrastructure activities globally have contributed to the growth of the SBC market.

Market Insights:

By product, the styrene-butadiene-styrene segment dominated the global styrenic block copolymer market in the benchmark year

The global styrenic block copolymer market is bifurcated into product, application, and geography. On the basis of product, the market is further segmented into SBS, SIS, SEBS, SEPS, and others. The styrene-butadiene-styrene segment dominated the global market in 2022 and is expected to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The widespread use of the product in high-performance applications such as adhesives & sealants, polymer modification, asphalt modification, etc, is a prominent factor driving the segment growth. Furthermore, the SBS is ideal for applications such as road pavement, plastic modification, adhesives, and footwear, which is anticipated to propel the segment growth over the forecast period.

By application, the adhesive & sealant segment is expected to dominate the global market by 2030

On the basis of application, the market is bifurcated into adhesives & sealants, footwear, paving & roofing, healthcare, and others. The adhesives & sealants segment dominated the global market in 2022 and is expected to hold the largest revenue share of over 20% market share by the end of the analysis period. The effective use of the SBC-based adhesive & sealants to attach lightweight materials such as polypropylene or polyethylene substrates to non-wovens, tissue, fabric, and paper is estimated to drive the segment growth. Furthermore, the growing demand for high-quality medical equipment is further anticipated to propel the segment growth over the forecast period.

Styrenic Block Copolymer Market Size & Growth

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The styrenic block copolymer comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The styrenic block copolymer market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Product:

  • Styrene-Butadiene-Styrene (SBS)
  • Styrene-Isoprene-Styrene (SIS)
  • Styrene-Ethylene-Butylene-Styrene (SEBS)
  • Styrene-Ethylene-Propylene-Styrene (SEPS)
  • Others

By Application:

  • Adhesives & Sealants
  • Footwear
  • Paving & Roofing
  • Polymer Modification & Compounding
  • Healthcare
  • Toys
  • Packaging
  • Wires & Cables
  • Paints & Coatings
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

By region, the Asia Pacific dominated the global market in the benchmark year

On the basis of region, the Asia Pacific dominated the global styrenic block copolymer market in 2022 and expected to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The widespread use of the product in various end-use industries such as paving & roofing, adhesives & sealants, footwear, and the healthcare sector is a prominent factor driving the market growth in the region. Furthermore, the increasing investment in the construction sector by the public, private, and government organizations is further anticipated to propel market growth in the Asia Pacific.

Geographically, the styrenic block copolymer market report comprises dedicated sections centering on the regional market revenue and trends. The styrenic block copolymer market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The styrenic block copolymer market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Styrenic block copolymer market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market players operating in the global styrenic block copolymer market are LCY Group, KRATON Corp., Zeon Europe GmbH, Asahi Kasei Corp., and China Petrochemical Corp. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring unique geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • LCY Group
  • KRATON Corp.
  • Zeon Europe GmbH
  • Asahi Kasei Corp.
  • China Petrochemical Corp.
  • INEOS Styrolution Group GmbH
  • JSR Corp.
  • Korea Kumho Petrochemical Co., Ltd.
  • TSRC
  • En Chuan Chemical Industries Co., Ltd.
  • Denka Company Ltd.

Key Questions Answered by Styrenic Block Copolymer Market Report

  • Global styrenic block copolymer market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Styrenic block copolymer submarket forecasts from 2023-2030 covering the market by product, application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level styrenic block copolymer markets from 2023-2030
  • Competitive Landscape and market positioning of the top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Styrenic Block Copolymer Market Portraiture
2.2. Global Styrenic Block Copolymer Market, by Product, 2022 (USD Mn)
2.3. Global Styrenic Block Copolymer Market, by Application, 2022 (USD Mn)
2.4. Global Styrenic Block Copolymer Market, by Geography, 2022 (USD Mn)

 

3. Global Styrenic Block Copolymer Market Analysis


3.1. Styrenic Block Copolymer Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Styrenic Block Copolymer Market By Product, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Styrene-Butadiene-Styrene (SBS)
4.3. Styrene-Isoprene-Styrene (SIS)
4.4. Styrene-Ethylene-Butylene-Styrene (SEBS)
4.5. Styrene-Ethylene-Propylene-Styrene (SEPS)
4.6. Others

 

5. Global Styrenic Block Copolymer Market By Application, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Adhesives & Sealants
5.3. Footwear
5.4. Paving & Roofing
5.5. Polymer Modification & Compounding
5.6. Healthcare
5.7. Toys
5.8. Packaging
5.9. Wires & Cables
5.10. Paints & Coatings
5.11. Others

 

6. North America Styrenic Block Copolymer Market Analysis and Forecast, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. North America Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
6.3. North America Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
6.4. North America Styrenic Block Copolymer Market by Country, (2020-2030 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
6.4.1.2. U.S. Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
6.4.2.2. Canada Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)

 

7. Europe Styrenic Block Copolymer Market Analysis and Forecast, 2020 - 2030 (USD Mn)


7.1. Overview
7.2. Europe Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
7.3. Europe Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
7.4. Europe Styrenic Block Copolymer Market by Country, (2020-2030 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
7.4.1.2. Germany Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
7.4.2.2. U.K. Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
7.4.3. France
7.4.3.1. France Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
7.4.3.2. France Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
7.4.4. Spain
7.4.4.1. Spain Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
7.4.4.2. Spain Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
7.4.5. Italy
7.4.5.1. Italy Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
7.4.5.2. Italy Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
7.4.6. Rest of Europe
7.4.6.1. Rest of Europe Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
7.4.6.2. Rest of Europe Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)

 

8. Asia Pacific Styrenic Block Copolymer Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Asia Pacific Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
8.3. Asia Pacific Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
8.4. Asia Pacific Styrenic Block Copolymer Market by Country, (2020-2030 USD Mn)
8.4.1. China
8.4.1.1. China Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
8.4.1.2. China Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
8.4.2.2. Japan Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
8.4.3. India
8.4.3.1. India Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
8.4.3.2. India Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
8.4.4. Rest of Asia Pacific
8.4.4.1. Rest of Asia Pacific Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
8.4.4.2. Rest of Asia Pacific Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)

 

9. Latin America (LATAM) Styrenic Block Copolymer Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Latin America Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
9.3. Latin America Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
9.4. Latin America Styrenic Block Copolymer Market by Country, (2020-2030 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
9.4.1.2. Brazil Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
9.4.2. Mexico
9.4.2.1. Mexico Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
9.4.2.2. Mexico Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
9.4.3.2. Rest of Latin America Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)

 

10. Middle East and Africa Styrenic Block Copolymer Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. MEA Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
10.3. MEA Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
10.4. Middle East and Africa Styrenic Block Copolymer Market, by Country, (2020-2030 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
10.4.1.2. GCC Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
10.4.2.2. South Africa Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Styrenic Block Copolymer Market by Product, (2020-2030 USD Mn)
10.4.3.2. Rest of MEA Styrenic Block Copolymer Market by Application, (2020-2030 USD Mn)

 

11. Company Profiles


11.1. LCY Group
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. KRATON Corp.
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Zeon Europe GmbH
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Asahi Kasei Corp.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. China Petrochemical Corp.
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. INEOS Styrolution Group GmbH
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. JSR Corp.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Korea Kumho Petrochemical Co., Ltd.
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. TSRC
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. En Chuan Chemical Industries Co., Ltd.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
11.11. Denka Company Ltd.
11.11.1. Business Description
11.11.2. Financial Health and Budget Allocation
11.11.3. Product Positions/Portfolio
11.11.4. Recent Development
11.11.5. SWOT Analysis
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