South Africa Styrenic Block Copolymer Market Size & Outlook
South Africa styrenic block copolymer market, 2018-2030 (US$M)
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South Africa styrenic block copolymer market highlights
- The South Africa styrenic block copolymer market generated a revenue of USD 60.0 million in 2023 and is expected to reach USD 75.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.3% 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 60.0 million |
| Market revenue in 2030 | USD 75.4 million |
| Growth rate | 3.3% (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, South Africa accounted for 0.7% 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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South 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 33.33% in 2023. Horizon Databook has segmented the South 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 South Africa is projected to grow at a revenue CAGR of 7.6%. The surging demand for electrical & electronics components in the country owing to rising consumer spending and ongoing urbanization is expected to contribute to increased consumption of SBCs as they are used in cables & wires and insulation.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into South Africa styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa styrenic block copolymer market size, by product, 2018-2030 (US$M)
South Africa Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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