Styrene-Butadiene-Styrene Block Copolymer Market Size, Share & Industry Analysis, By Type (Thermoplastic elastomer, Polybutadiene rubber, Styrene Butadiene Rubber, Styrene-Butadiene-Styrene Rubber, Others), By End-User Industry (Automobile, Electronics, Medical, Construction, Industrial, Other) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI104919 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Styrene-Butadiene-Styrene copolymer block also abbreviated as SBS copolymer block is a type of homopolymer that is made by a styrene and butadiene link. It has same elasticity as rubber at normal temperature but melts like plastic at higher temperature. They are highly employed as synthetic replacement of rubber. They are produced by ionic copolymerization of styrene and butadiene. SBS block copolymer is highly tensile and are used to manufacture sealants, gaskets, hot-melt adhesives and others.

Increasing demand of SBS block copolymer for multiple end-use applications including performance enhancement, waterproofing, holt melt adhesives, shoe soles, bitumen products and others shall boost the market growth. Additionally, low price of this thermoplastic is expected to attract the consumers further driving the market growth.

However, SBS block copolymer is vulnerable towards thermal and oxidative degradation. This is expected to hinder the market growth.

Key Market Driver -

Growing demand from adhesive and waterproofing applications.

Key Market Restraint -

vulnerability towards thermal and oxidative degradation

Market Segmentation:

Based on type the market is segmented into thermoplastic elastomers, polybutadiene rubber, styrene butadiene rubber, styrene butadiene styrene rubber, and others. Based on end-user industry, market is segmented into automobile, electronics, medical, construction, industrial, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global Styrene-Butadiene-Styrene Block Copolymer market consists of global & regional players operating. Some of the key players in the market include Polimeri Europa, BASF, Eastman Chemical company, Sinopec Baling Company ShenZhen Yanshan, Kraton Performance Polymers, China National Petroleum, Dexco Polymers, and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Styrene-Butadiene-Styrene Block Copolymer Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to hold the prime share in market. Increasing consumption of SBS block copolymer from emerging nations like India and China. Shall drive the regional market. Increasing government initiatives for construction and chemical sector shall support market growth. North America is expected to hold significant share due to the large manufacturing base for polymers. Europe is expected to show significant growth due to the increasing infrastructural as well as industrial activities. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation

ATTRIBUTES	DETAILS
By Type	Thermoplastic elastomer Polybutadiene rubber Styrene Butadiene Rubber Styrene-Butadiene-Styrene Rubber Others
By End-User Industry	Automobile Electronics Medical Construction Industrial Other
By Geography	North America (U.S., and Canada) Europe (Germany, UK, France, Italy, and Rest of Europe) Asia Pacific (China, India, Japan, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Styrene-Butadiene-Styrene Block Copolymer Industry Developments

In January 2017, BASF announced the increase in price for styrene butadiene based polymers in North America. This step was necessitated by the cost increase in the production of these products.

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Styrene-Butadiene-Styrene Block Copolymer Market Report

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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