Market Overview:
The global styrenic block copolymer thermoplastic elastomer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for styrenic block copolymer thermoplastic elastomers from various end-use industries, such as coating, electronic product, automobile and others. In terms of volume, Asia Pacific is expected to lead the global market during the forecast period.
Product Definition:
Styrenic block copolymer thermoplastic elastomer is a synthetic rubber made from two types of monomers: styrene and butadiene. The rubber has both elastic and plastic properties, which makes it an ideal material for use in products such as hoses, belts, gaskets, and seals.
SBS:
SBS, also known as styrenic block copolymer thermoplastic elastomer is a kind of synthetic rubber. It has high resistance to oil and chemicals and exhibits good abrasion & tear resistance. SBS offers excellent performance under severe conditions such as extreme temperature & pressure, which makes it suitable for various industries including automotive, construction equipment industry etc.
SEBS:
Styrenic Block Copolymer (SBC) is a kind of synthetic rubber-like compound. It has styrene as its main component and it also contains other block copolymers such as butadiene, acrylonitrile, and acrylic acid. The product obtained is called Styrenic Block Copolymer (SBC).
Application Insights:
The automotive segment accounted for the largest volume share of 33.3% in 2017. The product is widely used in the automotive industry as a replacement for petroleum-based styrene block copolymers (SBC). It offers several advantages including low VOCs, better heat resistance and higher thermal stability which are likely to drive its demand from the automobile industry over the forecast period.
The coating segment is expected to witness significant growth over the forecast period owing to rising demand from various industries such as building & construction, consumer goods and industrial applications among others. Coatings are used on a wide range of products such as pipes, containers among others which provide protection against corrosion and other environmental factors like UV rays etc., Styrene-based coatings have been witnessing rapid growth due to their properties including chemical resistance along with flexibility and durability required in coatings applications worldwide.
Regional Analysis:
Asia Pacific styrenic block copolymer thermoplastic elastomer (TPE) market led the global industry and accounted for over 35% of the total revenue in 2016. The region is expected to continue its dominance over the forecast period owing to increasing automotive production in China, India, and Japan. In addition, rising demand from other end-use industries such as electronics and coatings is anticipated to drive growth during the forecast period.
The European market was valued at USD X million in 2016; however, it is projected to grow at a relatively sluggish rate over the next eight years due to stringent regulations regarding waste management coupled with environmental concerns regarding VOC emissions from synthetic polymers.
Growth Factors:
- Increasing demand for Styrenic Block Copolymer Thermoplastic Elastomer in automotive industry due to its properties such as high thermal resistance, low coefficient of friction and good abrasion resistance.
- Rising demand for Styrenic Block Copolymer Thermoplastic Elastomer from medical industry due to its biocompatibility and non-toxicity.
- Growing application of Styrenic Block Copolymer Thermoplastic Elastomer in construction industry for manufacturing seals, gaskets and hoses owing to its excellent weathering resistance properties.
- Increasing use of Styrenic Block Copolymer Thermoplastic Elastomer in electrical & electronics sector as insulation material because of its superior dielectric strength and thermal stability
Scope Of The Report
Report Attributes
Report Details
Report Title
Styrenic Block Copolymer Thermoplastic Elastomer Market Research Report
By Type
SBS, SEBS, SIS, Others
By Application
Coating, Electronic Product, Automobile, Others
By Companies
LCY Chemical Corp, Elastron, Kuraray, Asahi Kasei Corporation, BASF, Foster Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Styrenic Block Copolymer Thermoplastic Elastomer Market Report Segments:
The global Styrenic Block Copolymer Thermoplastic Elastomer market is segmented on the basis of:
Types
SBS, SEBS, SIS, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coating, Electronic Product, Automobile, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LCY Chemical Corp
- Elastron
- Kuraray
- Asahi Kasei Corporation
- BASF
- Foster Corporation
Highlights of The Styrenic Block Copolymer Thermoplastic Elastomer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- SBS
- SEBS
- SIS
- Others
- By Application:
- Coating
- Electronic Product
- Automobile
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Styrenic Block Copolymer Thermoplastic Elastomer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Styrenic block copolymer thermoplastic elastomer is a type of thermoplastic elastomer that is made up of styrene and other monomers. It has the ability to be molded into various shapes and can be used in a variety of applications, including automotive parts, medical devices, and sporting goods.
Some of the major companies in the styrenic block copolymer thermoplastic elastomer market are LCY Chemical Corp, Elastron, Kuraray, Asahi Kasei Corporation, BASF, Foster Corporation.
The styrenic block copolymer thermoplastic elastomer market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Styrenic Block Copolymer Thermoplastic Elastomer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Styrenic Block Copolymer Thermoplastic Elastomer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Styrenic Block Copolymer Thermoplastic Elastomer Market - Supply Chain
4.5. Global Styrenic Block Copolymer Thermoplastic Elastomer Market Forecast
4.5.1. Styrenic Block Copolymer Thermoplastic Elastomer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Styrenic Block Copolymer Thermoplastic Elastomer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Styrenic Block Copolymer Thermoplastic Elastomer Market Absolute $ Opportunity
5. Global Styrenic Block Copolymer Thermoplastic Elastomer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Type
5.3.1. SBS
5.3.2. SEBS
5.3.3. SIS
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Styrenic Block Copolymer Thermoplastic Elastomer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Application
6.3.1. Coating
6.3.2. Electronic Product
6.3.3. Automobile
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Styrenic Block Copolymer Thermoplastic Elastomer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Styrenic Block Copolymer Thermoplastic Elastomer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Styrenic Block Copolymer Thermoplastic Elastomer Demand Share Forecast, 2019-2026
9. North America Styrenic Block Copolymer Thermoplastic Elastomer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Application
9.4.1. Coating
9.4.2. Electronic Product
9.4.3. Automobile
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Type
9.7.1. SBS
9.7.2. SEBS
9.7.3. SIS
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Styrenic Block Copolymer Thermoplastic Elastomer Demand Share Forecast, 2019-2026
10. Latin America Styrenic Block Copolymer Thermoplastic Elastomer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Application
10.4.1. Coating
10.4.2. Electronic Product
10.4.3. Automobile
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Type
10.7.1. SBS
10.7.2. SEBS
10.7.3. SIS
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Styrenic Block Copolymer Thermoplastic Elastomer Demand Share Forecast, 2019-2026
11. Europe Styrenic Block Copolymer Thermoplastic Elastomer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Application
11.4.1. Coating
11.4.2. Electronic Product
11.4.3. Automobile
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Styenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Type
11.7.1. SBS
11.7.2. SEBS
11.7.3. SIS
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Styrenic Block Copolymer Thermoplastic Elastomer Demand Share, 2019-2026
12. Asia Pacific Styrenic Block Copolymer Thermoplastic Elastomer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Application
12.4.1. Coating
12.4.2. Electronic Product
12.4.3. Automobile
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Type
12.7.1. SBS
12.7.2. SEBS
12.7.3. SIS
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Styrenic Block Copolymer Thermoplastic Elastomer Demand Share, 2019-2026
13. Middle East & Africa Styrenic Block Copolymer Thermoplastic Elastomer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Application
13.4.1. Coating
13.4.2. Electronic Product
13.4.3. Automobile
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Styrenic Block Copolymer Thermoplastic Elastomer Market Size and Volume Forecast by Type
13.7.1. SBS
13.7.2. SEBS
13.7.3. SIS
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Styrenic Block Copolymer Thermoplastic Elastomer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Styrenic Block Copolymer Thermoplastic Elastomer Market: Market Share Analysis
14.2. Styrenic Block Copolymer Thermoplastic Elastomer Distributors and Customers
14.3. Styrenic Block Copolymer Thermoplastic Elastomer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LCY Chemical Corp
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Elastron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kuraray
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Asahi Kasei Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BASF
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Foster Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
