Germany Styrenic Block Copolymer Market Size & Outlook
Germany styrenic block copolymer market, 2018-2030 (US$M)
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Germany styrenic block copolymer market highlights
- The Germany styrenic block copolymer market generated a revenue of USD 595.9 million in 2023 and is expected to reach USD 910.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.2% 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 595.9 million |
| Market revenue in 2030 | USD 910.3 million |
| Growth rate | 6.2% (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, Germany accounted for 6.9% 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 Europe, Germany styrenic block copolymer market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 910.3 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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Germany 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 35.93% in 2023. Horizon Databook has segmented the Germany 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.
Germany has a well-established automotive industry owing to the high-quality and innovative engineering and precision manufacturing facilities in the country. According to the Germany Federal Motor Vehicle Office (KBA), the country experienced a rise of 19.1% in the sales of passenger cars in 2023.
SBCs are increasingly being used for developing automotive components owing to their lightweight, superior impact resistance, and high design flexibility. Moreover, the surging use of SBCs in paving & roofing applications, as well as in polymer modifiers, footwear, and adhesives & sealants is also contributing to the growth of the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Germany styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany styrenic block copolymer market size, by product, 2018-2030 (US$M)
Germany Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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