China Styrenic Block Copolymer Market Size & Outlook
China styrenic block copolymer market, 2018-2030 (US$M)
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China styrenic block copolymer market highlights
- The China styrenic block copolymer market generated a revenue of USD 842.1 million in 2023 and is expected to reach USD 1,403.4 million by 2030.
- The China market is expected to grow at a CAGR of 7.6% 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 842.1 million |
| Market revenue in 2030 | USD 1,403.4 million |
| Growth rate | 7.6% (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, China accounted for 9.8% 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
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China 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 36.28% in 2023. Horizon Databook has segmented the China 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.
China dominates styrenic block copolymer (SBC) market in Asia Pacific owing to the growing demand for prefabricated buildings in the country. The flourishing automotive, construction, footwear, and medical device industries in China surge the demand for styrenic block copolymers (SBCs) in the country as they provide flexibility, durability, and impact resistance to the products being developed by these industries.
Moreover, the growing requirement for styrenic block copolymers (SBCs) and the increasing production of these copolymers by local manufacturers are expected to contribute to the growth of the market in China in the coming years.
In April 2023, Sinopec Hainan Baling Chemical New Material Co., Ltd. announced the launch of its latest project aimed at producing styrene-butadiene copolymer (SBC) in Hainan Island, China. This plant is expected to produce 120,000 tons of SBS products and 50,000 tons of styrene-ethylene-butylene-styrene (SEBS) products each year, that is, a total of 170,000 tons of annual production.
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Horizon Databook provides a detailed overview of country-level data and insights on the China styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into China styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China styrenic block copolymer market size, by product, 2018-2030 (US$M)
China Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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