Latin America Styrenic Block Copolymer Market Size & Outlook
Latin America styrenic block copolymer market, 2018-2030 (US$M)
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Latin America styrenic block copolymer market highlights
- The Latin America styrenic block copolymer market generated a revenue of USD 509.5 million in 2023.
- The market is expected to grow at a CAGR of 4.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 509.5 million |
| Market revenue in 2030 | USD 698.8 million |
| Growth rate | 4.6% (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, Latin America region accounted for 5.9% 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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Latin America 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 33.62% in 2023. Horizon Databook has segmented the Latin America 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.
Countries such as Brazil, Argentina, Chile, and Peru are among the key consumers of SBCs. The rise in disposable incomes and expansion in end-use manufacturing industries are expected to boost the demand for SBCs in the region.
Moreover, automotive companies, mainly in Brazil and Argentina, are using SBCs for impact modifiers, hoses, and seals, with an increasing focus on lightweight and performance. Moreover, government initiatives to boost domestic production and technological advancements are expected to contribute to market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America styrenic block copolymer market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America styrenic block copolymer market size, by country, 2018-2030 (US$M)
Latin America Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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