Middle East & Africa Styrenic Block Copolymer Market Size & Outlook
Middle East & Africa styrenic block copolymer market, 2018-2030 (US$M)
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MEA styrenic block copolymer market highlights
- The MEA styrenic block copolymer market generated a revenue of USD 483.9 million in 2023.
- The market is expected to grow at a CAGR of 3.5% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 483.9 million |
| Market revenue in 2030 | USD 617.2 million |
| Growth rate | 3.5% (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, MEA region accounted for 5.6% 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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Middle East & Africa 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 33.21% in 2023. Horizon Databook has segmented the Middle East & Africa 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 the Middle East & Africa is characterized by high consumption rates of these copolymers in Saudi Arabia and the UAE. These two countries accounted for a share of over 56% of the market in the Middle East & Africa in terms of volume in 2023.
Economic diversification activities in Gulf Cooperation Council (GCC) economies have been spurring the growth of the construction industry in the region in the form of new urban settlements, smart cities, utility infrastructures, and retail & commercial spaces.
The growth of this industry in the Middle East & Africa consequently contributes to the demand for SBCs for use in the development of hot-melt pressure sensitive adhesives, cables & wires, and asphalt modification.
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Our clientele includes a mix of styrenic block copolymer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa styrenic block copolymer market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA styrenic block copolymer market size, by country, 2018-2030 (US$M)
Middle East & Africa Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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