Spain Styrenic Block Copolymer Market Size & Outlook
Spain styrenic block copolymer market, 2018-2030 (US$M)
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Spain styrenic block copolymer market highlights
- The Spain styrenic block copolymer market generated a revenue of USD 196.9 million in 2023 and is expected to reach USD 271.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.7% 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 196.9 million |
| Market revenue in 2030 | USD 271.8 million |
| Growth rate | 4.7% (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, Spain accounted for 2.3% 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 Europe, Germany styrenic block copolymer market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 910.3 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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Spain 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 34.13% in 2023. Horizon Databook has segmented the Spain 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 rise in investments in the construction, transportation, housing, and industrial sectors has resulted in a surge in construction activities in Spain. This, in turn, is anticipated to contribute to the demand and production of SBCs in the country in the coming years.
As such, a number of manufacturers of these copolymers are enhancing their production in Spain. For instance, in April 2022, DYNASOL Group announced the expansion of its manufacturing capacity in Santander, Spain, by establishing a new line to make solution styrene-butadiene rubber (SSBR).
The expansion is anticipated to surge SSBR production in the country by 20 KTA (with the potential for 25 KTA). Dynasol SSBRs and SBCs can be utilized in several advanced applications such as plastic modification, adhesives, asphalt modification, and industrial products.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Spain styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain styrenic block copolymer market size, by product, 2018-2030 (US$M)
Spain Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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