Mexico Styrenic Block Copolymer Market Size & Outlook
Mexico styrenic block copolymer market, 2018-2030 (US$M)
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Mexico styrenic block copolymer market highlights
- The Mexico styrenic block copolymer market generated a revenue of USD 189.4 million in 2023 and is expected to reach USD 260.2 million by 2030.
- The Mexico 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.
Styrenic block copolymer market data book summary
| Market revenue in 2023 | USD 189.4 million |
| Market revenue in 2030 | USD 260.2 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 | 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, Mexico accounted for 2.2% 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 North America, U.S. styrenic block copolymer market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,937.3 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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Mexico 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 33.37% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico is expected to benefit from the rising construction spending and the growing inclination of consumers toward sustainable and lightweight building materials.
The expanding automotive sector on account of electric vehicles and a shift in consumer purchase behavior from considering cars as luxuries to now considering them necessities are also anticipated to have a positive impact on the styrenic block copolymer (SBC) market in the country.
In 2022, SBS was among the most consumed products in the country due to high demand from the automotive, electrical & electronics, and packaging industries. Mexico was one of the largest importers of plastics globally, sourcing plastic resins, raw plastics, and plastic products mainly from North America and Europe.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Mexico styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico styrenic block copolymer market size, by product, 2018-2030 (US$M)
Mexico Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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