North America Styrene Butadiene Styrene (SBS) Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030.
The Styrene Butadiene Styrene (SBS) market in North America is witnessing strong growth, fueled by increasing demand across various industries. SBS is a versatile thermoplastic elastomer used extensively in applications such as adhesives, coatings, asphalt modification, and footwear. As one of the most prominent block copolymers, SBS offers superior strength, flexibility, and durability, making it an ideal material for both industrial and consumer goods.
The adhesive industry is one of the largest consumers of SBS. The material’s high elasticity and excellent bonding properties make it crucial for manufacturing pressure-sensitive adhesives used in labels, tapes, and packaging. Additionally, the automotive sector is increasingly adopting SBS-based products for their ability to improve performance in tires, seals, and gaskets. With the expansion of the automotive market and the growing emphasis on fuel-efficient vehicles, the demand for SBS is poised to rise.
The footwear industry is another major contributor to the SBS market. Its soft, flexible, and durable properties make it suitable for making soles that provide comfort and wear resistance. Moreover, SBS is widely used in modifying asphalt, particularly in paving applications, where it enhances the strength, durability, and resistance to aging of road surfaces.
As environmental regulations continue to tighten, industries are also turning to SBS for eco-friendly alternatives. SBS is seen as a greener option compared to other synthetic polymers, offering reduced environmental impact. This shift toward sustainability is further driving its adoption across a range of sectors, including construction and packaging.
The growing demand for innovative products and sustainable solutions will continue to drive the growth of the North American Styrene Butadiene Styrene (SBS) market in the coming years.
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LCY Chemical
Kraton
Dynasol
LG Chem
Versalis
Sibur
KKPC
Asahi Kasei
TSRC
Chimei
Sinopec
CNPC
Ningbo Changhong Polymer Scientific & Technical
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 North America Styrene Butadiene Styrene (SBS) Market
Footwear
Asphalt Modification
Polymer Modification
Adhesives
Others
Based on Types the Market is categorized into Below types that held the largest Styrene Butadiene Styrene (SBS) market share In 2023.
Oil-extended SBS
Non-oil-extended SBS
North America (United States, North America 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 North America Styrene Butadiene Styrene (SBS) 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. North America Styrene Butadiene Styrene (SBS) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Styrene Butadiene Styrene (SBS) Market, By Type
6. North America Styrene Butadiene Styrene (SBS) Market, By Application
7. North America Styrene Butadiene Styrene (SBS) Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Styrene Butadiene Styrene (SBS) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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