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Styrenic Block Copolymers Market Growth Analysis and Foresight to 2024

Increasing consumption of advanced materials in building & construction to meet structural requirements is a key factor propelling the use of polymer modified bitumen and high-performance plastics. Structural applications requiring lightweight and strength are composed of copolymers as reinforcing agents as opposed to traditional metals.

The Global Styrenic Block Copolymers (SBCs) Market is expected to reach USD 10.22 billion by 2024, according to a new report by Grand View Research, Inc.


Furthermore, regulations by several governments to promote sustainable construction practices as means to reduce building waste and energy utilization are likely to influence SBC consumption trends. Paving & roofing application accounted for nearly 30% of the global volume in 2015.

The shift in trend towards developing alternative routes for production using bio-based raw materials is expected to influence industry dynamics with manufacturers shifting towards greener products. They are recyclable and reusable, which has enabled the substitution of PVC’s, rubber, and other conventional material.

The global styrenic block copolymers market demand was over 1.95 million tons in 2015 and is expected to grow at a CAGR of 4.7% to reach up to 3.0 million tons. SBS was the highest consumed product with its key applications ranging from paving & roofing to adhesives & sealants. The product was globally valued at over USD 4.24 billion in 2015.

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Footwear, polymer modification, and adhesive applications collectively accounted for nearly 60% of the overall SBS volume in 2015. Increasing SBS demand in the modification of polymers such as ABS, high impact polystyrene, EVOH, polyolefins, and bulk molding compounds as a means to impart impact strength, durability, and flexibility to drive penetration in future.

Top Players of Styrenic Block Copolymers (SBCs) Market:

Key companies with global operations include Asahi Kasei, Chevron Philips, LG Chem, Dynasol Elastomers, Momentive Specialty Chemicals, Eastman, Kraton Performance Polymers, INEOS Styrolution, and BASF SE.

Market Segmentation of Styrenic Block Copolymers (SBCs) Market:

The Global Styrenic Block Copolymers (SBCs) Market on the basis Product, Application, and Region.

By Product:

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

By Application:

    Styrene-Butadiene Styrene (SBS)
        Paving & Roofing
            Polymer Modified Bitumen
        Footwear
        Polymer Modification
        Adhesives & Sealants
        Wires & Cables
    Styrene-Isoprene-Styrene (SIS)
        Paving & Roofing
            Polymer Modified Bitumen
        Polymer Modification
        Adhesives & Sealants
    Hydrogenated Styrenic Block Copolymer (HSBC)
        Adhesives & Sealants
        Polymer Modification
        Medical Devices

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