Asia Pacific Styrenic Block Copolymer Market Size & Outlook
Asia Pacific styrenic block copolymer market, 2018-2030 (US$M)
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Asia Pacific styrenic block copolymer market highlights
- The Asia Pacific styrenic block copolymer market generated a revenue of USD 2,973.7 million in 2023.
- The market is expected to grow at a CAGR of 6.5% 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.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,973.7 million |
| Market revenue in 2030 | USD 4,632.1 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Styrene-butadiene-styrene (sbs) |
| Fastest growing segment | Styrene-Butadiene-Styrene (SBS) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 34.7% of the global styrenic block copolymer market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,632.1 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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Asia Pacific 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 36.08% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific dominated styrenic block copolymer (SBC) market in 2023 by accounting for a revenue share of 35.65% of the market. The growth of the market in this region can be attributed to the strong demand for styrenic block copolymers (SBCs) for use in paving & roofing applications, footwear, adhesives & sealants, and medical devices.
The growing construction industry in Asia Pacific influenced by the surge in demand for affordable housing, along with the launch of government schemes for providing basic amenities, is driving the growth of styrenic block copolymer (SBC) market in emerging economies of the region, including India, China, and Indonesia.
Styrenic block copolymers (SBCs) such as hydrogenated styrenic block copolymer (HSBC) are used for developing footwear soles, midsoles, etc. Increasing spending on footwear on online platforms and surging willingness of consumers to pay for high-quality footwear are expected to fuel the growth of the styrenic block copolymer (SBC) market in Asia Pacific in the coming years.
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Our clientele includes a mix of styrenic block copolymer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific styrenic block copolymer market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific styrenic block copolymer market size, by country, 2018-2030 (US$M)
Asia Pacific Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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