India Styrenic Block Copolymer Market Size & Outlook
India styrenic block copolymer market, 2018-2030 (US$M)
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India styrenic block copolymer market highlights
- The India styrenic block copolymer market generated a revenue of USD 273.2 million in 2023 and is expected to reach USD 438.0 million by 2030.
- The India market is expected to grow at a CAGR of 7% 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 273.2 million |
| Market revenue in 2030 | USD 438.0 million |
| Growth rate | 7% (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, India accounted for 3.2% 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 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
| Name | Profile | # Employees | HQ | Website |
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India 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 35.4% in 2023. Horizon Databook has segmented the India 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 rise in construction activities and the surge in investments in road and road infrastructure development projects across India are expected to drive the demand for SBS, as they are used in asphalt modification.
Moreover, in April 2023, the government of the country launched the Gati Shakti program to bring all the major mobility infrastructure projects of various ministries and state governments under one roof. These projects include Bharatmala (roads and highways), Sagarmala (number of ports), inland waterways, dry/land ports, and Ude Desh ka Aam Nagrik (UDAN).
The Government of India also plans to develop several regional airports across the country to make air travel accessible to the common man. Additionally, the ongoing advancements in the healthcare sector in the country are expected to create demand for specialized medical devices, thereby contributing to the growth of styrenic block copolymer (SBC) market in the country during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the India styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into India styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India styrenic block copolymer market size, by product, 2018-2030 (US$M)
India Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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