Europe Styrenic Block Copolymer Market Size & Outlook
Europe styrenic block copolymer market, 2018-2030 (US$M)
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Europe styrenic block copolymer market highlights
- The Europe styrenic block copolymer market generated a revenue of USD 2,145.7 million in 2023.
- The 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,145.7 million |
| Market revenue in 2030 | USD 3,060.2 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 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, Europe region accounted for 25.0% 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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Europe 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 34.81% in 2023. Horizon Databook has segmented the Europe 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 growth of various end-use industries in Europe, including footwear, automotive, etc., as well as the rise in infrastructure developments, is anticipated to drive demand for SBCs in the region over the forecast period.
Countries such as France, Germany, Italy, Russia, and the UK are the major producers and consumers of these copolymers in Europe. A major segment in SBS market is polymer modification, which is a key application of SBS, is increasing in the region, it is anticipated to contribute to the demand for SBS in Europe in the coming years.
Moreover, the presence of advanced styrenic block copolymer manufacturing technologies in the region adopted by several manufacturers such as Avient Corporation and KRATON CORPORATION is expected to contribute to the growth of the market in Europe in the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe styrenic block copolymer market , including forecasts for subscribers. This continent databook contains high-level insights into Europe styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe styrenic block copolymer market size, by country, 2018-2030 (US$M)
Europe Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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