Dublin, Feb. 24, 2025 (GLOBE NEWSWIRE) — The “Styrene-Butadiene-Styrene (SBS) Block Copolymer – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Styrene-Butadiene-Styrene (SBS) Block Copolymer was sized at 2.5 Million Tons in 2024 and is projected to reach 3.4 Million Tons by 2030, growing at a CAGR of 5.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Demand from key end-use markets will drive gains in SBS block copolymer market in the coming years. The market would benefit from anticipated growth in asphalt consumption in paving and roofing applications. Similarly, sustained high demand for adhesives, sealants and coatings, and widening role of polymer modification in plastics compounding would infuse agility into the SBS block copolymer market. At the same time, the market would also gain from high thrust on enhancing functional attributes of footwear with innovative materials such as SBS, and rising demand for high-quality household electronic appliances and medical equipment, where SBS as an ingredient in plastic enclosure of appliance, significantly improves the durability and strength of the product.
Growth dynamics in the automotive industry are expected to influence demand for SBS in polymer modification application. In addition, the growing demand for home appliances especially across all developing countries will provide growth opportunities for SBS market in the coming years. Other growth promoting factors for SBS include strong growth in demand from adhesives and sealants and footwear markets. Demand dynamics in footwear market will also impact growth in the SBS copolymer market. Some of the factors fueling footwear consumption include flourishing eCommerce, increasing awareness among consumers about the benefits to health from fitness and sports activities and growing income levels among others. Material innovations are also a major growth driving factor for the global footwear industry.
The growth in the Styrene-Butadiene-Styrene (SBS) block copolymer market is driven by several factors, including advancements in polymer technology, expanding end-use applications, and increasing consumer demand for high-performance materials. Innovations in SBS formulation and processing techniques have improved its performance characteristics, making it more suitable for a wider range of applications. The construction industry’s demand for improved paving and roofing materials has significantly boosted the use of SBS in modified asphalt products.
Additionally, the automotive industry’s push for lightweight and durable materials to enhance fuel efficiency and reduce emissions has further fueled the adoption of SBS. The growing awareness of SBS’s benefits in producing high-performance adhesives and sealants is also contributing to market expansion. As industries continue to seek materials that offer enhanced performance, versatility, and cost-effectiveness, the SBS market is poised for sustained growth.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Asahi Kasei Corp., BASF SE, Chevron Phillips Chemical Co. LLC, Chimei Corp., Dow Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Asphalt Modification Application segment, which is expected to reach 1.3 Million Tons by 2030 with a CAGR of a 5.8%. The Adhesives, Sealants & Coatings Application segment is also set to grow at 6.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, sized at 378.0 Thousand Tons in 2024, and China, forecasted to grow at an impressive 6.9% CAGR to reach 1.2 Million Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Segments:
- Application (Asphalt Modification, Adhesives, Sealants & Coatings, Polymer Modification, Other Applications)
- End-Use (Building & Construction, Transportation, Packaging, Other End-Uses)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 351 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value in 2024 | 2.5 Million Tons |
| Forecasted Market Value by 2030 | 3.4 Million Tons |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Global Economic Update
- Thermoplastic Elastomers Market: A Prelude
- Global Thermoplastic Elastomers Market Breakdown by Type (% Value) for 2024
- An Introduction to Styrene-Butadiene-Styrene (SBS) Block Copolymer
- Manufacturing Process and Chemistry
- Basics of SBS Polymerization
- SBS Microphase Separation
- Physical and Chemical Properties
- Applications of SBS Block Copolymer
- Regulatory Scenario
- Styrene-Butadiene-Styrene (SBS) Block Copolymer: The Most Important Type of SBC TPEs
- Global Market Outlook
- Developing Regions Continue to Spearhead Global Demand
- Competition
- Styrene-Butadiene-Styrene (SBS) Block Copolymer – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Recent Market Activity
MARKET TRENDS & DRIVERS
- SBS Block Copolymer Assumes Critical Importance in Asphalt/Bitumen Modification
- Global Asphalt Market in US$ Million for the Years 2021, 2023, 2025 and 2027
- Expanding Road Infrastructure Presents Growth Opportunities
- Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
- Global Cumulative Investments in Roadways Vs Actual Need for the Period 2016-2040 (In US$ Billion)
- Asphalt Modification in Road Paving
- Roofing Materials Demand Impacts SBS Block Copolymer Market
- Global Roofing Market by Geographic Region/Country (in US$ Million) for the Years 2022 and 2027
- Adhesives, Sealants & Coatings: Key End-Use Markets for SBS Block Copolymer
- Demand Trends in Adhesives, Sealants & Coatings Market to Impact Market Growth
- Adhesives
- Sealants
- Coatings
- Construction Industry Dynamics Impacts SBS Block Copolymer Industry Fortunes
- Global Construction Spending (in US$ Trillion) for the Years 2020-2028
- Rising Investments in Infrastructure Projects Strengthens Market Prospects
- Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
- Urbanization in Developing Countries to Drive Growth
- World Urban Population in Million: 1950-2050P
- Enhancing Functional Properties of Footwear with SBS Block Copolymer
- Global Footwear Sales in US$ Million by Region/Country for 2022 and 2026
- Impact of the Pandemic on Footwear Sales
- Growing Role of Styrenic Polymers in Medical Applications: Potential for SBS Block Copolymer Market
- Increasing Demand for SBS in Hot Melt Adhesives
- Sustained High Demand for Engineering Plastics Augurs Well for Market
- Global Engineering Plastics Market in US$ Billion for the Years 2022, 2024, 2026 and 2028
- Growing Demand for Oil Extended & Dry SBS Versions
- Potential Health Hazards Due to Exposure – A Major Challenge
FOCUS ON SELECT PLAYERS:Some of the 38 major companies featured in this report
- Asahi Kasei Corp.
- BASF SE
- Chevron Phillips Chemical Co. LLC
- Chimei Corp.
- Dow Inc.
- En Chuan Chemical Industries Co. Ltd.
- INEOS Group Holdings SA
- Kraton Corp.
- LANXESS AG
- LCY Chemical Corp.
- LG Chem Ltd.
- Milagro Rubber Co. Inc.
- Repsol SA
- Sinopec Shanghai Petrochemical Co. Ltd.
- Solventis Ltd.
- TSRC Corp.
- Versalis S.P.A
For more information about this report visit https://www.researchandmarkets.com/r/qawdb6
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- Styrene-Butadiene-Styrene (SBS) Block Copolymer Market
