Canada Styrenic Block Copolymer Market Size & Outlook
Canada styrenic block copolymer market, 2018-2030 (US$M)
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Canada styrenic block copolymer market highlights
- The Canada styrenic block copolymer market generated a revenue of USD 363.8 million in 2023 and is expected to reach USD 517.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.2% 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 363.8 million |
| Market revenue in 2030 | USD 517.3 million |
| Growth rate | 5.2% (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, Canada accounted for 4.2% 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 North America, U.S. styrenic block copolymer market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,937.3 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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Canada 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 34.22% in 2023. Horizon Databook has segmented the Canada 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.
As of 2023, Canada was the fourth-largest producer of crude oil globally. Declining prices of crude oil coupled with the increasing demand for thermoformed plastics is paving the way for the growth of the styrenic block copolymer (SBC) market in the region.
These plastics are produced from various petrochemicals derived from crude oil. They provide strength and durability and are lightweight, hence SBCs are being widely consumed across Canada.
Many new plastic manufacturers are emerging in Canada’s remote locations due to a highly dispersed population. According to the International Energy Agency (IEA), the per capita consumption of SBC in the country was higher than the global average as of 2022. However, Tier II and Tier III cities have small population sizes leading to the need for one or two manufacturing facilities in each city.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Canada styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada styrenic block copolymer market size, by product, 2018-2030 (US$M)
Canada Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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