STYRENE-BUTADIENE-STYRENE (SBS) COPOLYMER BLOCK MARKET ANALYSIS

Styrene-Butadiene-Styrene (SBS) Copolymer Block MarketSize and Trends

Market Outlook

Global SBS (styrene-butadiene-styrene) copolymer block market size is estimated to be valued at US$ 8.12 billion by 2024, and is expected to exhibit a CAGR of 5.1% during the forecast period (2019-2027). Increasing application of SBS copolymer block in sealant and adhesive applications is expected to increase the demand for SBS copolymer block and subsequently boost the market growth. SBS copolymer block-based sealants and adhesives have shown superior performance, as they enhance product reliability and lifespan. Furthermore, increasing adoption of growth strategies such as mergers and acquisitions, partnership, and expansion by key players is expected to support the market growth in the near future. Moreover, increasing usage of waterproofing materials, increasing demand for automobile parts, and increasing demand for asphalt for road and pavement construction are expected to support the growth of the market in the near future. Furthermore, increasing demand for high-quality footwear is expected to propel the global SBS (styrene-butadiene-styrene) copolymer block market growth. The footwear companies are replacing polyvinyl chloride (PVC) with styrenic polymers, in order to observe toxicity regulations. This is expected to increase the demand for SBS copolymer block and eventually support growth of the market.

Rapidly expanding road infrastructure around the globe poses an excellent opportunity for SBS copolymer block manufactures to enhance their revenues.