Styrenic Block Copolymer (SBC) Market Is Expected To Reach USD 8.26 Billion By 2020: Radiant Insights

Growth of major end use industries including construction/infrastructure and footwear, especially in high growth markets of China, India and Brazil is expected to be a key factor for SBC market development. Volatile raw material prices are expected to be a key challenge for market participants over the forecast period. Styrene-butadiene-styrene (SBS) emerged as the leading product segment and accounted for 76.2% of total market volume in 2013. SBS was followed by HSBC (Hydrogenated Styrenic Block Copolymers) which accounted for 13.2% of total market volume in 2013. HSBC is also expected to be the fastest growing product segment, at an estimated CAGR of 5.3% from 2014 to 2020.

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Further key findings from the study suggest:

  • The global market for SBC was 1,814.8 kilo tons in 2013 and is expected to reach 2,457.9 kilo tons by 2020, growing at a CAGR of 4.5% from 2014 to 2020.
  • Paving and roofing applications dominated SBC demand, accounting for 36.1% of total market volume in 2013.
  • Paving and roofing was followed by footwear which accounted for 24.6% of total market volume in the same year. However, advanced materials are expected to be the fastest growing application market for SBCs, at an estimated CAGR of 5% from 2014 to 2020.
  • Asia Pacific continued its dominance in the global SBC market and accounted for 45.6% of total market volume in 2013 to become the largest regional SBC consumer.
  • Asia Pacific along with being the largest market is also expected to be the fastest growing market for SBC at an estimated CAGR of 4.8% from 2014 to 2020.
  • The global SBC market is highly concentrated, as top four companies including Sinopec, Kraton, LCY Chemical and Dynasol accounted for over 60% of total market in 2013. Some of the other companies operating in the global SBC market include LG Chemicals, TSRC and Dushanzi among some other companies

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For the purpose of this study, Grand View Research has segmented the SBC market on the basis of application and region:     

Global Styrenic Block Copolymers Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • Styrene-Butadiene-Styrene (SBS)
  • Styrene-Isoprene-Styrene (SIS)
  • Hydrogenated Styrenic Block Copolymers (HSBC)      

Global Styrenic Block Copolymers Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • Paving and Roofing
  • Footwear
  • Advanced Materials (compounding, personal care & polymer systems)             Adhesives, Sealants and Coatings
  • Others     

Styrenic Block Copolymers Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

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