Styrenic Block Copolymers (SBCs) are a unique class of thermoplastic elastomer (TPE) materials that bridge the gap between rubber and plastic. They consist of hard styrene blocks providing strength and rigidity, and soft elastomeric blocks offering elasticity and flexibility.
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The primary driver is the rising demand from end-user sectors of SBC such as footwear, construction (asphalt modification), adhesives & sealants, and medical devices. This is fueled by factors like increasing disposable income, infrastructure development, and growing urbanization, particularly in developing economies. Thus, in order to meet the growing demand, in September 2022, Kraton Corp. has announced an expansion project for high flow hydrogenated styrenic block copolymer (HSBC) products at its joint venture manufacturing facility in Mailiao, Taiwan.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Styrenic Block Copolymer Market by Product
- Hydrogenated Styrenic Block Copolymers (HSBC)
- Styrene-Butadiene-Styrene (SBS)
- Styrene-Isoprene-Styrene (SIS)
Global Styrenic Block Copolymer Market by Application
- Asphalt Modification
- Footwear
- Polymer Modification
- Adhesives and Sealants
- Other Applications
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East & Africa
Company Profiles
- CHIMEI H
- China Petroleum & Chemical Corporation (Sinopec)
- Denka Company Ltd.
- Dynasol Group
- En Chuan Chemical Industries Co., Ltd.
- Fujian Gulei Petrochemical Co.
- INEOS Styrolution Group GmbH
- JSR Corp.
- Korea Kumho Petrochemical Co., Ltd.
- KRATON CORP.
- Kuraray Co., Ltd.
- LG Chem
- SIBUR
- TSRC
- Versalis S.p.A.
- Zhejiang Zhongli Synthetic Material Technology Co., Ltd.
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global SBC market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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