Thailand Styrenic Block Copolymer Market Size & Outlook
Thailand styrenic block copolymer market, 2018-2030 (US$M)
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Thailand styrenic block copolymer market highlights
- The Thailand styrenic block copolymer market generated a revenue of USD 137.7 million in 2023 and is expected to reach USD 191.8 million by 2030.
- The Thailand market is expected to grow at a CAGR of 4.8% 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 137.7 million |
| Market revenue in 2030 | USD 191.8 million |
| Growth rate | 4.8% (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, Thailand accounted for 1.6% 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 Asia Pacific, China styrenic block copolymer market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,403.4 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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Thailand 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 35% in 2023. Horizon Databook has segmented the Thailand 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.
Thailand is a major automotive manufacturing hub. Vehicle production in the country is expected to remain strong in the coming years as well. The rising usage of styrenic block copolymers (SBCs) in appliances, consumer goods, automotive, and sports equipment is creating opportunities for several manufacturers of these copolymers to expand their manufacturing base and enhance their product portfolios.
In February 2023, Kuraray Co., Ltd. announced that the construction of its new isoprene production plant in Thailand has been completed and it will soon begin operations in stages.
The new plant in the country is expected to support further growth of the isoprene business of the company by strengthening the global supply chain and meeting the surging demand for 3-methyl-1,5-pentanediol (MPD), SEPTON hydrogenated styrene block copolymers (HSBC), and heat-stable polyamide, GENESTAR (PA9T), developed using proprietary Kuraray technology.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Thailand styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand styrenic block copolymer market size, by product, 2018-2030 (US$M)
Thailand Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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