Saudi Arabia Styrenic Block Copolymer Market Size & Outlook
Saudi Arabia styrenic block copolymer market, 2018-2030 (US$M)
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Saudi Arabia styrenic block copolymer market highlights
- The Saudi Arabia styrenic block copolymer market generated a revenue of USD 159.7 million in 2023 and is expected to reach USD 212.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.1% 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 159.7 million |
| Market revenue in 2030 | USD 212.3 million |
| Growth rate | 4.1% (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, Saudi Arabia accounted for 1.9% 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 Middle East & Africa, Saudi Arabia styrenic block copolymer market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 212.3 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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Saudi Arabia 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% in 2023. Horizon Databook has segmented the Saudi Arabia 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 Saudi Arabia was at 84.82 kilotons in 2023. The growth of the market in this country can be attributed to the increasing usage of SBCs in cables & wires, adhesive formulations, hygienic products, manufacturing processes, medical packaging, and labeling applications.
These copolymers are also used in asphalt modification for road construction, roofing shingles, and waterproofing applications. The flourishing construction industry in Saudi Arabia that is supported by increasing public spending on housing, utility infrastructures, commercial & retail construction activities, and institutional & industrial infrastructure development projects is fueling the demand for SBCs in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia styrenic block copolymer market size, by product, 2018-2030 (US$M)
Saudi Arabia Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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