North America Styrenic Block Copolymer Market Size & Outlook
North America styrenic block copolymer market, 2018-2030 (US$M)
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North America styrenic block copolymer market highlights
- The North America styrenic block copolymer market generated a revenue of USD 2,467.6 million in 2023.
- The market is expected to grow at a CAGR of 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,467.6 million |
| Market revenue in 2030 | USD 3,714.7 million |
| Growth rate | 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, North America region accounted for 28.8% 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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North 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 34.28% in 2023. Horizon Databook has segmented the North 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.
The styrenic block copolymer (SBC) market in North America is characterized by a strong and dynamic landscape, driven by diverse applications across several industries. The region witnesses significant demand for SBCs in automotive, construction, packaging, and healthcare applications.
The ability of SBCs to balance flexibility, strength, and adhesion, makes them ideal for use in the production of adhesives, sealants, and coatings. In the automotive industry, North American manufacturers utilize SBCs in weather-stripping, gaskets, and interior components due to their resistance to wear and tear and excellent performance under varying temperature conditions.
The U.S. is a major market in North America, characterized by factor such as technological advancements in SBC formulating methods and awareness for health and environmental impact of plastics. Regulatory policies framed by the EPA, FDA, and other agencies are likely to act as a restraint in the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America styrenic block copolymer market , including forecasts for subscribers. This continent databook contains high-level insights into North America styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America styrenic block copolymer market size, by country, 2018-2030 (US$M)
North America Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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