Brazil Styrenic Block Copolymer Market Size & Outlook
Brazil styrenic block copolymer market, 2018-2030 (US$M)
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Brazil styrenic block copolymer market highlights
- The Brazil styrenic block copolymer market generated a revenue of USD 200.1 million in 2023 and is expected to reach USD 283.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.1% 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 200.1 million |
| Market revenue in 2030 | USD 283.9 million |
| Growth rate | 5.1% (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, Brazil accounted for 2.3% 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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Brazil 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 34.48% in 2023. Horizon Databook has segmented the Brazil 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 increasing urbanization of Brazil's population is driving demand for footwear owing to the rise in urbanization, creating growth opportunities for styrenic block copolymers market. According to the Brazilian Footwear Industries Association, the country exported around 11.8 million pairs of footwear in 2023.
SBC, known for its versatility and durability, is a key component in footwear manufacturing. As the footwear industry expands, the demand for SBCs in Brazil is likely to increase, presenting growth opportunities for the SBC market in the country.
The growth in urban population and government investments in infrastructure projects, mainly in the residential sector, are likely to contribute to the growth in market demand in the country. SBCs are used in several construction and renovation applications, such as roofing, coatings, and membranes.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Brazil styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil styrenic block copolymer market size, by product, 2018-2030 (US$M)
Brazil Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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