U.S. Styrenic Block Copolymer Market Size & Outlook
U.S. styrenic block copolymer market, 2018-2030 (US$M)
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U.S. styrenic block copolymer market highlights
- The U.S. styrenic block copolymer market generated a revenue of USD 1,914.4 million in 2023 and is expected to reach USD 2,937.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.3% 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 1,914.4 million |
| Market revenue in 2030 | USD 2,937.3 million |
| Growth rate | 6.3% (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, U.S. accounted for 22.3% 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 North America, U.S. styrenic block copolymer market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,937.3 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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U.S. 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 34.39% in 2023. Horizon Databook has segmented the U.S. 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 U.S. is characterized by a low-risk environment, a stable economy, and a robust financial sector. These factors have provided various opportunities for investors in recent years, which are likely to trigger infrastructure spending in the country. This, in turn, is projected to positively impact the demand for styrenic block copolymer (SBC) in the construction industry.
There is a growing demand for SBC-based sheets and films in roof flooring applications to limit leakage and prevent buildings from extremely high and low temperatures. They also offer a smooth texture to the ceiling and require less paint and cement for beautification.
Furthermore, the automotive industry has been witnessing high production over the past few years. Major players are entering into joint ventures and forming alliances to increase their production and market reach. For instance, in May 2022, Hyundai Motor Company and KIA Corporation jointly planned to launch a new production plant for electric vehicles in Georgia, U.S.
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Our clientele includes a mix of styrenic block copolymer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. styrenic block copolymer market , including forecasts for subscribers. This country databook contains high-level insights into U.S. styrenic block copolymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. styrenic block copolymer market size, by product, 2018-2030 (US$M)
U.S. Styrenic Block Copolymer Market Outlook Share, 2023 & 2030 (US$M)
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