Australia Styrenic Block Copolymer Market Size & Outlook
Australia styrenic block copolymer market, 2018-2030 (US$M)
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Australia styrenic block copolymer market highlights
- The Australia styrenic block copolymer market generated a revenue of USD 127.1 million in 2023 and is expected to reach USD 189.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.9% 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 127.1 million |
| Market revenue in 2030 | USD 189.3 million |
| Growth rate | 5.9% (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, Australia accounted for 1.5% 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 Asia Pacific, China styrenic block copolymer market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,403.4 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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Australia 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 35.17% in 2023. Horizon Databook has segmented the Australia 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.
The market for styrenic block copolymers (SBCs) in Australia is expected to experience substantial growth in the coming years. This is due to the increased purchasing power of consumers that leads to the surged demand for consumer goods such as shoes, sporting goods, and home appliances that use styrenic block copolymers (SBCs) owing to their durability and flexibility.
Moreover, Australia has a well-established styrenic block copolymer (SBC) manufacturing base, which ensures a reliable supply of this polymer to cater to the domestic demand for it across the country. Joss Elastomers & Chemicals and Aura Polymer Australia are among the key manufacturers of styrenic block copolymers (SBCs) in the country.
The Australian Research Council (ARC) Training Center leads advancements in manufacturing practices for adoption in the chemicals industry to commercialize and implement safe and highly sustainable technologies for producing new chemicals.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Australia styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia styrenic block copolymer market size, by product, 2018-2030 (US$M)
Australia Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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