Global Styrene Butadiene Styrene (SBS) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Styrene Butadiene Styrene (SBS) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Styrene Butadiene Styrene (SBS) market size was valued at USD 4229.1 million in 2022 and is forecast to a readjusted size of USD 5152.5 million by 2029 with a CAGR of 2.9% during review period.

Styrene-butadiene-styrene, or SBS, is a hard rubber that's used for things like the soles of shoes, tire treads, and other places where durability is important. It's a type of copolymer called a block copolymer. Its backbone chain is made up of three segments. The first is a long chain of polystyrene, the middle is a long chain of polybutadiene, and the last segment is another long section of polystyrene.

Global 5 largest manufacturers of Styrene Butadiene Styrene (SBS) are LCY Chemical, Sinopec, Kraton, Dynasol and LG Chem, which make up over 55%. Among them, LCY Chemical is the leader with about 22% market share.

Asia-Pacific is the largest market, with a share over 55%, followed by Europe and Americas, both have a share about 40 percent. In terms of product type, Non-oil-extended SBS occupies the largest share of the total market, more than 65%. In terms of product application, Asphalt Modification occupies the largest share of the total market, about 35%.

The Global Info Research report includes an overview of the development of the Styrene Butadiene Styrene (SBS) industry chain, the market status of Footwear (Oil-extended SBS, Non-oil-extended SBS), Asphalt Modification (Oil-extended SBS, Non-oil-extended SBS), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Styrene Butadiene Styrene (SBS).

Regionally, the report analyzes the Styrene Butadiene Styrene (SBS) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Styrene Butadiene Styrene (SBS) market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Styrene Butadiene Styrene (SBS) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Styrene Butadiene Styrene (SBS) industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., Oil-extended SBS, Non-oil-extended SBS).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Styrene Butadiene Styrene (SBS) market.

Regional Analysis: The report involves examining the Styrene Butadiene Styrene (SBS) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Styrene Butadiene Styrene (SBS) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Styrene Butadiene Styrene (SBS):

Company Analysis: Report covers individual Styrene Butadiene Styrene (SBS) manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Styrene Butadiene Styrene (SBS) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Footwear, Asphalt Modification).

Technology Analysis: Report covers specific technologies relevant to Styrene Butadiene Styrene (SBS). It assesses the current state, advancements, and potential future developments in Styrene Butadiene Styrene (SBS) areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Styrene Butadiene Styrene (SBS) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Styrene Butadiene Styrene (SBS) market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Oil-extended SBS
Non-oil-extended SBS

Market segment by Application
Footwear
Asphalt Modification
Polymer Modification
Adhesives
Others

Major players covered
LCY Chemical
Kraton
Dynasol
LG Chem
Versalis
Sibur
KKPC
Asahi Kasei
TSRC
Chimei
Sinopec
CNPC
Ningbo Changhong Polymer Scientific & Technical

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Styrene Butadiene Styrene (SBS) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Styrene Butadiene Styrene (SBS), with price, sales, revenue and global market share of Styrene Butadiene Styrene (SBS) from 2018 to 2023.

Chapter 3, the Styrene Butadiene Styrene (SBS) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Styrene Butadiene Styrene (SBS) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Styrene Butadiene Styrene (SBS) market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Styrene Butadiene Styrene (SBS).

Chapter 14 and 15, to describe Styrene Butadiene Styrene (SBS) sales channel, distributors, customers, research findings and conclusion.