Global Styrene Butadiene Styrene (SBS) Market, By Product Type (Non-Oil-Extended SBS, Oil-Extended SBS), Type (Thermoplastic Elastomers, Polybutadiene Rubber, Styrene-Butadiene Rubber, Styrene-Butadiene-Styrene Rubber, Others), Application (TPE Compounding, Electric and Electronic Devices, Medical Devices, Adhesives and Sealants, Polymer Modification, Asphalt Modification, Footwear Industry, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Styrene Butadiene Styrene (SBS) Market
Styrene butadiene styrene (SBS) market size is expected to grow at a compound annual growth rate of 5.00% for the forecast period of 2021 to 2028. Data Bridge Market Research report on styrene butadiene styrene (SBS) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Styrene butadiene styrene (SBS) is a type of a block copolymer composed of blocks which are expanded styrene and butadiene sequences connected by covalent bonds to each other. They are part of the thermoplastic elastomers having mechanical properties of rubbers and capabilities of thermoplasts.
The high growth of demand in the footwear industry is expected to influence the growth of the styrene butadiene styrene (SBS) market. In line with this, the increase in the modified bitumen demand in the construction industry and the rise in the use of the styrene-butadiene-styrene market in the footwear industry are also anticipated to act as key determinants favoring the growth of the styrene butadiene styrene (SBS) market over the forecast period of 2021 to 2028. Also the, rapid urbanization and rise in the demand of SBS from construction and automotive industry are also expected to positively impact the growth of the styrene butadiene styrene (SBS) market. The major factor accountable for the growth of the market is the high demand for eco- friendly adhesives and sealants.
However, the fluctuation in the price of raw material and the high manufacturing cost are likely to act as key restraints towards styrene butadiene styrene (SBS) market growth rate in the forecast period of 2021 to 2028, whereas the reduced manufacturing output due to coronavirus outbreak can challenge the growth of the styrene butadiene styrene (SBS) market in the above mentioned forecast period.
Furthermore, the high demand and the consumption of construction industry and footwear industry, increase in the investment of research and development and rapid advancement in technology are expected to offer a variety of growth opportunities for the styrene butadiene styrene (SBS) market in the above mentioned forecast period.
This styrene butadiene styrene (SBS) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on styrene butadiene styrene (SBS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Styrene Butadiene Styrene (SBS) Market Scope and Market Size
Styrene butadiene styrene (SBS) market is segmented on the basis of product type, type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the styrene butadiene styrene (SBS) market is segmented into non-oil-extended SBS and oil-extended SBS.
- Based on type, the styrene butadiene styrene (SBS) market is segmented into thermoplastic elastomers, polybutadiene rubber, styrene-butadiene rubber, styrene-butadiene-styrene rubber and others.
- The application segment for styrene butadiene styrene (SBS) market is segmented into TPE compounding, electric and electronic devices, medical devices, adhesives and sealants, polymer modification, asphalt modification, footwear industry and others.
Styrene Butadiene Styrene (SBS) Market Country Level Analysis
Styrene butadiene styrene (SBS) market is analyzed and market size, volume information is provided by country, product type, type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the styrene butadiene styrene (SBS) market because of the rise in the urbanization and strong presence of emerging countries such as India and China. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in the demand and the consumption of construction industry and footwear industry along with rise in the investment of research and development.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Styrene Butadiene Styrene (SBS) Market Share Analysis
Styrene butadiene styrene (SBS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to styrene butadiene styrene (SBS) market.
The major players covered in the styrene butadiene styrene (SBS) market report are LCY GROUP, KRATON COPORATION, LG Chem, Versalis S.p.A., SIBUR INTERNATIONAL, KUMHO PETROCHEMICAL, BASF SE, Asahi Kasei Advance Corporation, TSRC, CHIMEI, China Petrochemical Corporation, Dycon Chemicals, China National Petroleum Corporation, Milagro Rubber Co., Solventis, Chevron Phillips Chemical Company LLC, and LANXESS among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.