Styrenic Block Copolymer (SBC) Market Size By Product (Styrene-butadiene-styrene, Styrene-isoprene-styrene, Hydrogenated SBC), By Application (Paving & Roofing, Footwear, Advanced Materials, Adhesives, Sealants, Coatings), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023

Published Date: Jun 2016  |  Report ID: GMI483  |  Authors: Kunal Ahuja, Shreya Deb

Report Format: PDF   |   Pages: 105   |   Base Year: 2015

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Styrenic Block Copolymer (SBC) Market size was over 1.95 million tons in 2015. The industry expects gains at over 4.5% CAGR up to 2023.

Germany styrenic block copolymer market size, by product, 2012-2023 (KT)
Germany styrenic block copolymer market size, by product, 2012-2023 (KT)

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Global baby diapers market size is set to surpass USD 64 Billion by 2023 from USD 39 billion in 2014, with estimated gains at 6% up to 2023. Growing baby health concerns accompanied by increase in purchasing power are key stimulating factors to drive global styrenic block copolymer market size.

These are mainly used to manufacture waistbands, ears/side panels, tabs, leg elastics and landing zone in baby diapers. Improved comfort and fit of diapers owing to elastomeric materials led baby diapers manufacturers to adopt compounds including SBS, SIS, SEBS, SEPS and SEEPS may drive product demand. SBC compounds accounts for 40%-85% by weight of the overall baby diapers, the rest being accounted by thermoplastics.

Asia Pacific and Latin America are may grow significantly in terms of baby diaper consumption. Population growth accompanied by rise in disposable income should influence the regional styrenic block copolymer market growth.

Global footwear market size was estimated at over USD 190 billion in 2014and is forecast to be worth more than USD 211 billion by 2019. High resilience strength is among the key properties to favor growth in footwear industry.

Rising trends to replace polyvinyl chloride (PVC) due to health hazards associated with its usage should favor industry penetration in the medical sector. Medical bags, medical tubing, and syringes are the suitable products to manufacture from the material.

Approvals from FDA and U.S. Pharmacopoeia to use the material in medical industry owing to reduce dependency on PVC should propel SBC demand. Crystal clarity, design versatility, high resistance, excellent thermal stability, sterilizable by gamma irradiation, ethylene oxide gas, mutagenic or irritant potential are the key properties to favor styrenic block copolymer market size.

Key raw materials, crude oil and natural gas involved in SBC production. Fluctuating raw material prices owing to political unrest may affect styrenic block copolymer market price trend.

Styrenic Block Copolymer (SBC) Market Report Coverage
Report Coverage Details
Base Year: 2015 Market Size in 2015: 1.95 Million (USD)
Historical Data for: 2012 to 2015 Forecast Period: 2016 to 2023
Forecast Period 2016 to 2023 CAGR: 4.5% 2023 Value Projection: 10 Billion (USD)
Pages: 105 Tables, Charts & Figures: 125
Geographies covered (9): U.S., Germany, UK, France, Italy, China, India, Japan, Brazil
Segments covered: Product, Application and Region
Companies covered (19): BASF, Zeon Corporation, Chi Mei Corp., Kraton Performance Polymers, Sinopec, LCY Chemical Corp., Versalis, Styrolution, TSRC, Denki Kagaku Kogyo Kabushiki Kaisha (DENKA), Momentive Specialty Chemicals, Dynasol Elastomers, LG Chemicals, Chevron Phillips, Strategic initiative, En Chuan, Asahi Kasei, JSR Corporation, Kumho Petrochemicals, JX Nippon Oil & Energy Corporation
Growth Drivers:
  • Positive application scope in medical/healthcare sector
  • Rise in baby diapers demand Increasing application scope in footwear sector
Pitfalls & Challenges:
  • Volatile raw material prices

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Styrenic Block Copolymer (SBC) Market, By Product

SBS market size was dominant and generated more than USD 4.5 billion revenue in 2015. Rapid footwear and baby diaper industry expansion owing to increasing consumer affordability are expected factor to influence product demand.

In terms of volume, hydrogenated styrenic block copolymer market size is forecast to attain highest growth rate, with more than 5.5% up to2023. Rising trend to procure sustainable adhesives & sealants in construction industry is projected to foster hydrogenated styrenic block copolymer market growth.

Styrenic Block Copolymer (SBC) Market, By Application

Paving & roofing dominated the application segment and was valued at over USD 1.95 billion in 2015. Growth in construction industry expansion coupled with rising consumer preference for customized home interiors are the key trending factors to positively influence paving & roofing industry.

Footwear application is set to grow at more than 4% CAGR up to 2023. Material sustainability and durability are among the key factors to stimulate demand in footwear application. Change in buying behavior and trend to customize footwear for diverse purposes is another lucrative factor to drive demand.

Styrenic Block Copolymer (SBC) Market, By Region

APAC, led by China styrenic block copolymer market size, was dominant regional industry and was worth over USD 2.65 billion in 2015. Rapid industrialization coupled with manufacturing industry expansion owing to skilled labor availability are the key trending factors to fuel material demand. China is among the major footwear producing country followed by India; increasing SBC usage in footwear should positively affect the regional industry growth.

U.S. dominated the North America styrenic block copolymer market size and is forecast to grow at over4.2% CAGR up to 2023. FDA approvals to use SBC in manufacturing medical equipments are the key favorable factors to stimulate product demand.

Huge construction & building industry investment potential in Saudi Arabia and UAE to foster MEA styrenic block copolymer market growth. The region is projected to grow at more than 4.8% CAGR up to 2023.

Competitive Market Share

Global styrenic block copolymer market share is consolidated; Sinopec, Dynasol LCY Chemical, and Kraton were the leading company in 2015. Other market participants include BASF, Zeon Corporation, Chi Mei Corp, Versalis, Styrolution, TSRC, Denki Kagaku Kogyo Kabushiki Kaisha, Momentive Specialty Chemicals, LG Chemicals, Chevron Phillips, En Chuan, Asahi Kasei, JSR Corporation, Kumho Petrochemicals and JX Nippon Oil & Energy Corporation.

In recent years the industry has witnessed some significant changes as major resin suppliers have integrating their operations forward and stepping into the SBC compounding business.

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