Styrenic Block Copolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Styrenic Block Copolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global styrenic block copolymer market size reached US$ 7.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2022-2028.

Styrenic block copolymers (SBCs) which combine the properties of a thermoplastic resin and an elastomer, are a type of block copolymers having an elastomeric central arrangement and polystyrene based end-segments. The central blocks can be composed of rubbery polymers, including polyisoprene, polybutadiene and ethylene-butene copolymer, and offer viscoelastic properties. These polymers can be manufactured using different configurations, however, di-block, linear as well as multi-block are the most common configurations. At present, SBCs find extensive applications in polymer modification, paving & roofing, and hot-melt pressure-sensitive adhesive (PSA) products, such as tapes and labels.

The growth of the market can be accredited to the expanding applications of SBC in different sectors. For instance, it is used to enhance the performance and reduce the overall production cost of sealants, gasket materials, rubber bands, toy products and shoe soles. Moreover, it is adopted in formulating diaper adhesives and elastic films. It is also gaining traction as an impact modifier and toughener in plastics and adhesives. Besides this, SBS modified bitumen is widely utilized in road paving and roofing applications. The increasing number of construction activities, in confluence with the rising focus of several countries on upgrading existing infrastructure, is also contributing to the market growth. Additionally, as SBC offers flexibility, resilience, strength and durability, it is finding utilization in medical bags, flexible films and tubing for intravenous (IV) systems, peristaltic pump systems, home care equipment and other drug delivery systems. The rising demand for these medical supplies is anticipated to drive the market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global styrenic block copolymer market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and application.

Breakup by Type:

Styrene-Butadiene-Styrene (SBS)

Styrene-Isoprene-Styrene (SIS)

Hydrogenated SBC (HSBC)

Others



Breakup by Application:

Asphalt Modification

Adhesives and Sealants

Polymer Modification

Medical Devices

Wires and Cables

Others



Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa



Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, BASF SE, Chi Mei Corporation, China Petroleum and Chemical Corporation, Denka Company Limited, En Chuan Chemical Industries Co., INEOS Styrolution Group GmbH, JSR Corporation, Kraton Corporation, Kumho Petrochemical Co. Ltd., Lee Chang Yung Chemical Industry Corp., TSRC Corporation, Versalis S.p.A. and Zeon Corporation.

Key Questions Answered in This Report

1. How big is the global styrenic block copolymer market?

2. What is the expected growth rate of the global styrenic block copolymer market during 2023-2028?

3. What are the key factors driving the global styrenic block copolymer market?

4. What has been the impact of COVID-19 on the global styrenic block copolymer market?

5. What is the breakup of the global styrenic block copolymer market based on the type?

6. What is the breakup of the global styrenic block copolymer market based on the application?

7. What are the key regions in the global styrenic block copolymer market?

8. Who are the key players/companies in the global styrenic block copolymer market?