New report published by Global QYResearch which offers insights on the global Styrene Butadiene Styrene (SBS) market. The Styrene Butadiene Styrene (SBS) market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Styrene Butadiene Styrene (SBS) is expected to reflect a 1.5x increase in the revenue growth. In 2017 the global Styrene Butadiene Styrene (SBS) market was valued at US$ 3,710 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 5,740 Mn growing at a value CAGR of 5.6% throughout the period of forecast.
Global Styrene Butadiene Styrene (SBS) Market: Market Driver and Restraint
Applications of Styrene Butadiene Styrene (SBS) are anticipated to create new business segments in the market. Styrene Butadiene Styrene (SBS) is in use for a broad range of Footwear products such as paving and roofing industry, sports equipment & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Styrene Butadiene Styrene (SBS) application is developed towards a more active mode.
Manufacturers are exploring the potential of Styrene Butadiene Styrene (SBS) in Asphalt Modification. Application of Styrene Butadiene Styrene (SBS) in toys, furniture are gaining traction in the recent years. Recently, manufacturers have started using Styrene Butadiene Styrene (SBS) in the Polymer Modification area. Further, there are also potential uses in the areas of sports equipment.
Global Styrene Butadiene Styrene (SBS) Market: Key Takeaways
Global Styrene Butadiene Styrene (SBS) Market: Forecast by Form
This segment includes Non-oil-extended SBS, Oil-extended SBS, etc. In terms of volume, Non-oil-extended SBS segment is expected to remain dominant in the global Styrene Butadiene Styrene (SBS) market.
Global Styrene Butadiene Styrene (SBS) Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. China (Mainland) is the dominant market in the global Styrene Butadiene Styrene (SBS) market in terms of value. The China (Mainland) Styrene Butadiene Styrene (SBS) market was estimated to be valued at US$ 1660.49 Mn in 2017 and is expected to expand at a value CAGR of 6.2% over the forecast period. The USA market is expected to expand at a robust rate of 5.5% in terms of revenue over the forecast period due to the steadily increasing production capacity for paving and roofing industry products in this region.
Global Styrene Butadiene Styrene (SBS) Market: Key Players
LCY Chemical, Kraton, Dynasol, LG Chem, Versalis, Sibur, KKPC, Asahi Kasei, TSRC, Chimei, Sinopec, CNPC, Keyuan Petrochemicals, etc. are the key vendors included in this report.
The market concentration of Styrene Butadiene Styrene (SBS) is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 67.00% of sales. LCY Chemical Chemical is by far the leader, followed by Kraton and Dynasol. Key Vendors like LG Chem, Versalis, and Sibur, also play important part in regional market, so the market share in each region is quite different.
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