Argentina Styrenic Block Copolymer Market Size & Outlook
Argentina styrenic block copolymer market, 2018-2030 (US$M)
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Argentina styrenic block copolymer market highlights
- The Argentina styrenic block copolymer market generated a revenue of USD 119.2 million in 2023 and is expected to reach USD 162.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, styrene-butadiene-styrene (sbs) was the largest revenue generating product in 2023.
- Styrene-Butadiene-Styrene (SBS) is the most lucrative product segment registering the fastest growth during the forecast period.
Styrenic block copolymer market data book summary
| Market revenue in 2023 | USD 119.2 million |
| Market revenue in 2030 | USD 162.9 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Styrene-butadiene-styrene (sbs) |
| Fastest growing segment | Styrene-Butadiene-Styrene (SBS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Styrene-Butadiene-Styrene (SBS), Styrene-Isoprene-Styrene (SIS), Styrene-Ethylene-Butylene-Styrene (SEBS), Styrene-ethylene-propylene-styrene (SEPS) |
| Key market players worldwide | Zeon Corp, Asahi Kasei Corp, Sinopec Oilfield Service Corp Class H, INEOS, JSR Corp, Kumho Petrochemical, Denka Co Ltd, Kuraray Co Ltd, Dynasol Group, LG Chem, CHIMEI, Sibur, TSRC, LCY Group, Kraton Performance Polymers, Versalis |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.4% of the global styrenic block copolymer market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil styrenic block copolymer market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 283.9 million by 2030.
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Styrenic Block Copolymer Market Scope
Styrenic Block Copolymer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina styrenic block copolymer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to styrenic block copolymer market will help companies and investors design strategic landscapes.
Styrene-butadiene-styrene (sbs) was the largest segment with a revenue share of 32.97% in 2023. Horizon Databook has segmented the Argentina styrenic block copolymer market based on styrene-butadiene-styrene (sbs), styrene-isoprene-styrene (sis), styrene-ethylene-butylene-styrene (sebs), styrene-ethylene-propylene-styrene (seps) covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is among the leading economies of Central & South America. Growing inter-industry trading relationships of the country with China and India are anticipated to fuel the growth of manufacturing industries in the country. The styrenic block copolymer market has enormous growth potential in Argentina and the country displays high opportunities for investors in domestic production.
The country is characterized by the presence of an excellent industrial base, coupled with abundant availability of shale resources, including isoprene, styrene, and butadiene, which can be optimized for enhancing the current energy industry, thereby revitalizing the petrochemical industry in the country.
For instance, in October 2023, Goodyear Tire & Rubber Company and Visolis announced their collaboration to produce isoprene by recycling bio-based materials. The collaboration is expected to involve the use of Visolis’ technology to produce high-quality isoprene from lignocellulosic feedstocks, which are inedible biomass and agricultural materials.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Argentina styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina styrenic block copolymer market size, by product, 2018-2030 (US$M)
Argentina Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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