Japan Styrenic Block Copolymer Market Size & Outlook
Japan styrenic block copolymer market, 2018-2030 (US$M)
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Japan styrenic block copolymer market highlights
- The Japan styrenic block copolymer market generated a revenue of USD 626.9 million in 2023 and is expected to reach USD 981.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.6% 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 626.9 million |
| Market revenue in 2030 | USD 981.0 million |
| Growth rate | 6.6% (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, Japan accounted for 7.3% 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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Japan 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 36.98% in 2023. Horizon Databook has segmented the Japan 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.
Styrenic block copolymer (SBC) market in Japan is expected to grow over the forecast period owing to the increasing footwear manufacturing in the country, coupled with the strong demand for this copolymer for use in paving & roofing applications.
Styrenic block copolymers (SBCs) offer a high surface friction coefficient, have strong electrical performance, offer good low-temperature and processing performances, etc. These factors are anticipated to contribute to the demand for styrenic block copolymers (SBCs) over the forecast period.
Moreover, as the Government of Japan is supportive of innovations in the materials sector, it is expected to contribute to the growth of styrenic block copolymer (SBC) market in the country in the coming years. The rise in research and development funding for styrenic block copolymers (SBCs) is expected to lead to the growth of the market in Japan over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Japan styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan styrenic block copolymer market size, by product, 2018-2030 (US$M)
Japan Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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