Global Styrenic Block Copolymer (SBC) Market was valued at USD 1.6 Billion in 2022 and is projected to reach USD 2.2 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
The Global Styrenic Block Copolymer (SBC) market has been expanding rapidly due to the growing demand across various end-use industries such as automotive, footwear, adhesives, and construction. The increasing adoption of SBCs in the manufacturing of automotive parts, particularly in lightweight components, has further driven market growth. Furthermore, the rising demand for SBC-based products in the footwear industry, especially in the production of soles and insoles, has contributed to the market's growth. SBCs are also widely used in the adhesives and sealants sector, as their unique properties such as flexibility and high adhesive strength offer significant benefits in diverse applications. As the need for innovative and high-performance materials increases, the market is expected to continue its upward trajectory, driven by technological advancements in SBC production and improved manufacturing processes.
The trends in the SBC market are largely influenced by the demand for sustainable and eco-friendly materials. With increasing emphasis on reducing the environmental impact of plastic products, manufacturers are focusing on developing bio-based SBCs as alternatives to traditional petroleum-based ones. This shift is expected to open up new opportunities, particularly in regions with stringent environmental regulations. Additionally, the growing trend of customization in product formulations is driving innovation in SBC products to meet specific performance requirements across different applications. The expansion of the construction industry in emerging economies and the continuous improvement in product properties are expected to present further growth opportunities for SBC manufacturers. As demand for lightweight, durable, and versatile materials continues to rise, the SBC market is poised for sustained growth, fueled by these evolving industry needs and trends.
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Kraton
Dynasol
Kuraray
Asahi Kasei
Kumho Petrochemical
LG Chem
TSRC
Chi Mei
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Styrenic Block Copolymer (SBC) Market
Styrene-Ethylene-Butylene-Styrene (SEBS)
Styrene-Butadiene-Styrene (SBS)
Styrene-Isoprene-Styrene (SIS)
Styrene-Acrylonitrile-Styrene (SAN)
Adhesives and Sealants
Automotive Components
Consumer Goods
Medical Devices
Packaging
Toys and Sporting Goods
Automotive
Healthcare
Construction
Electronics
Textiles
Packaging
Block Copolymer Pellets
Block Copolymer Sheets
Block Copolymer Films
Liquid Styrenic Block Copolymers
Thermal Stability
Elasticity and Flexibility
Processing Ease
Adhesion Properties
Impact Resistance
US (Global, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Styrenic Block Copolymer (SBC) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Styrenic Block Copolymer (SBC) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Styrenic Block Copolymer (SBC) Market, By Type
6. Gloabl Styrenic Block Copolymer (SBC) Market, By Application
7. Gloabl Styrenic Block Copolymer (SBC) Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Gloabl Styrenic Block Copolymer (SBC) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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