The global styrenic block copolymer market size reached USD 8.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 12.1 Billion by 2033, exhibiting a growth rate (CAGR) of 3.73% during 2025-2033.
Report Attribute
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Key Statistics |
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Base Year
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2024 |
Forecast Years
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2025-2033 |
Historical Years
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2019-2024
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Market Size in 2024
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USD 8.6 Billion |
Market Forecast in 2033
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USD 12.1 Billion |
Market Growth Rate (2025-2033) | 3.73% |
Styrenic block copolymers (SBCs) which combine the properties of a thermoplastic resin and an elastomer, are a type of block copolymers having an elastomeric central arrangement and polystyrene based end-segments. The central blocks can be composed of rubbery polymers, including polyisoprene, polybutadiene and ethylene-butene copolymer, and offer viscoelastic properties. These polymers can be manufactured using different configurations, however, di-block, linear as well as multi-block are the most common configurations. At present, SBCs find extensive applications in polymer modification, paving & roofing, and hot-melt pressure-sensitive adhesive (PSA) products, such as tapes and labels.
The growth of the market can be accredited to the expanding applications of SBC in different sectors. For instance, it is used to enhance the performance and reduce the overall production cost of sealants, gasket materials, rubber bands, toy products and shoe soles. Moreover, it is adopted in formulating diaper adhesives and elastic films. It is also gaining traction as an impact modifier and toughener in plastics and adhesives. Besides this, SBS modified bitumen is widely utilized in road paving and roofing applications. The increasing number of construction activities, in confluence with the rising focus of several countries on upgrading existing infrastructure, is also contributing to the market growth. Additionally, as SBC offers flexibility, resilience, strength and durability, it is finding utilization in medical bags, flexible films and tubing for intravenous (IV) systems, peristaltic pump systems, home care equipment and other drug delivery systems. The rising demand for these medical supplies is anticipated to drive the market growth in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global styrenic block copolymer market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type and application.
Breakup by Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, BASF SE, Chi Mei Corporation, China Petroleum and Chemical Corporation, Denka Company Limited, En Chuan Chemical Industries Co., INEOS Styrolution Group GmbH, JSR Corporation, Kraton Corporation, Kumho Petrochemical Co. Ltd., Lee Chang Yung Chemical Industry Corp., TSRC Corporation, Versalis S.p.A. and Zeon Corporation.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Asahi Kasei Corporation, BASF SE, Chi Mei Corporation, China Petroleum and Chemical Corporation, Denka Company Limited, En Chuan Chemical Industries Co., INEOS Styrolution Group GmbH, JSR Corporation, Kraton Corporation, Kumho Petrochemical Co. Ltd., Lee Chang Yung Chemical Industry Corp., TSRC Corporation, Versalis S.p.A. and Zeon Corporation |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global styrenic block copolymer market was valued at USD 8.6 Billion in 2024.
We expect the global styrenic block copolymer market to exhibit a CAGR of 3.73% during 2025-2033.
The rising utilization of styrenic block copolymer in medical bags, flexible films, and tubing for Intravenous (IV) systems, peristaltic pump systems, home care equipment, etc., as it offers flexibility, resilience, strength, and durability, is primarily driving the global styrenic block copolymer market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for styrenic block copolymer.
Based on the type, the global styrenic block copolymer market has been segmented into Styrene-Butadiene-Styrene (SBS), Styrene-Isoprene-Styrene (SIS), Hydrogenated SBC (HSBC), and others. Among these, Styrene-Butadiene-Styrene (SBS) currently holds the majority of the total market share.
Based on the application, the global styrenic block copolymer market can be divided into asphalt modification, adhesives and sealants, polymer modification, medical devices, wires and cables, and others. Currently, asphalt modification exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global styrenic block copolymer market include Asahi Kasei Corporation, BASF SE, Chi Mei Corporation, China Petroleum and Chemical Corporation, Denka Company Limited, En Chuan Chemical Industries Co., INEOS Styrolution Group GmbH, JSR Corporation, Kraton Corporation, Kumho Petrochemical Co. Ltd., Lee Chang Yung Chemical Industry Corp., TSRC Corporation, Versalis S.p.A., and Zeon Corporation.