USD 5.6 billion
Styrene Butadiene Styrene Market Size, Share, Growth Analysis, By Type (Non-Oil-extended SBS, Oil Extended SBS), By Application (Footwear, Medical Devices), By End User (Construction, Automotive), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25L2013 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
63
|Figures:
75
Styrene Butadiene Styrene Market Insights
Styrene Butadiene Styrene Market size was valued at USD 5.9 Billion in 2023 and is poised to grow from USD 6.24 Billion in 2024 to USD 9.84 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
The global styrene butadiene styrene (SBS) market has witnessed steady growth driven by its versatile applications in adhesives, footwear, and polymer modification.
SBS offers a balance of elasticity and strength, making it valuable in various industries.
The rising demand for eco-friendly and high-performance materials, coupled with advancements in SBS production technology, has further fueled market expansion.
Additionally, the construction and automotive sectors' growth has contributed to SBS demand.
However, supply chain disruptions and volatile raw material costs have posed challenges.
The market is expected to continue evolving as manufacturers focus on sustainable practices and innovative product development.
US Styrene Butadiene Styrene Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Construction
Fastest Growth
Construction
Growth Rate
5.8% CAGR
styrene butadiene styrene market by region
Country Share for North America (%)
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Styrene Butadiene Styrene Market Segmental Analysis
Global Styrene Butadiene Styrene Market is segmented by Type, Application, End user and region. Based on Type, the market is segmented into Non-Oil-extended SBS, Oil Extended SBS. Based on application, the market is segmented into Footwear, Asphalt Modification, Polymer Modification, Adhesives & Sealants, Medical Devices, Electric & Electronic Devices, TPE Compounding and Others. Based on end user, the market is segmented into Construction, Automotive, Consumer Goods. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Styrene Butadiene Styrene Market Analysis by Application
The largest application segment for SBS typically varies based on regional demands and economic factors. Historically, the adhesive and sealants segment has been one of the prominent applications of SBS due to the widespread use of adhesives and sealants across various industries like construction, packaging, and automotive. However, it's essential to check recent market reports to confirm the current largest application segment.
The fastest-growing application for SBS is likely to be in the asphalt modification segment. The demand for modified asphalt has been increasing globally as countries invest in infrastructure development, road construction, and roofing applications. Additionally, the rise of green building initiatives and sustainable construction practices has further driven the adoption of modified asphalt, which includes SBS-modified asphalt due to its enhanced properties.
Styrene Butadiene Styrene Market Analysis by End User
The construction industry has historically been one of the largest end-users of SBS due to its widespread use in roofing membranes and asphalt modification. The demand for durable and weather-resistant construction materials has driven significant consumption of SBS in this sector.
The automotive industry has shown potential as one of the fastest-growing segments for SBS. The increasing focus on vehicle safety, comfort, and durability has led to a rising demand for SBS-based components such as tire additives, gaskets, and interior materials.
styrene butadiene styrene market by end user
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Styrene Butadiene Styrene Market Regional Insights
The global SBS market has historically been driven by several key regions, each contributing significantly to its growth. North America, Europe, and Asia-Pacific have traditionally been the largest markets for SBS. In North America, the United States has been a major consumer of SBS due to its extensive use in various applications such as footwear, adhesives, and roofing materials. In Europe, countries like Germany, France, and the United Kingdom have been substantial consumers of SBS, particularly in the construction and automotive sectors. The Asia-Pacific region, led by countries like China, Japan, and South Korea, has also seen substantial growth in the SBS market, driven by rapid industrialization, urbanization, and a rising demand for consumer goods.
While North America, Europe, and Asia-Pacific have traditionally been the largest markets for SBS, there has been a notable shift in recent years. The fastest-growing regions for SBS consumption have included emerging economies in Asia, particularly China and India. These nations have experienced significant growth in construction, automotive manufacturing, and consumer goods industries, all of which are key applications for SBS. The Middle East and Latin America have also shown increasing demand for SBS due to infrastructural developments and expanding manufacturing sectors.
styrene butadiene styrene market by geography
- Largest
- Fastest
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Styrene Butadiene Styrene Market Dynamics
Styrene Butadiene Styrene Market Drivers
Increasing Demand from End User Industries
- The increasing demand for durable and cost-effective materials in industries such as automotive, construction, and packaging is propelling the growth of the global styrene-butadiene-styrene (SBS) market, as SBS offers excellent elasticity, impact resistance, and adhesion properties.
Styrene Butadiene Styrene Market Restraints
Environmental Concerns
- Environmental concerns and regulations surrounding the disposal and recycling of styrene-based products are restraining the global SBS market's expansion, as these materials can contribute to pollution and long-term ecological impact.
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Styrene Butadiene Styrene Market Competitive Landscape
The global styrene butadiene styrene (SBS) market features intense competition among key players, driving innovation and market expansion. Industry leaders like Kraton Corporation, LCY Chemical Corp., and Sinopec Group showcase robust R&D, diverse product portfolios, and strategic partnerships to maintain their competitive edge. Regional players also play a pivotal role, capitalizing on localized market trends. Market dynamics are shaped by evolving applications in footwear, adhesives, and asphalt modification. As environmental concerns grow, sustainable production practices and eco-friendly formulations are gaining prominence, adding a new dimension to the competitive landscape of the SBS market.
Styrene Butadiene Styrene Market Top Player’s Company Profiles
- Asahi Kasei Corporation
- China National Petroleum Corporation (CNPC)
- Dynasol Group
- Kraton Corporation
- Kumho Petrochemical Co., Ltd.
- LG Chem Ltd.
- Trinseo
- Taiwan Synthetic Rubber Corporation (TSRC)
- Arkema
- Dow Inc.
- BASF SE
- SIBUR International GmbH
- Versalis (Eni Group)
- Biesterfeld AG
- Avient Corporation
- En Chuan Chemical Industries Co., Ltd.
- Milagro Rubber Company, Inc.
- Elevate
Styrene Butadiene Styrene Market Recent Developments
- In March 2022, DL Chemical acquired Kraton Corporation for USD 2.5 billion. Kraton Corporation is a leading global sustainable producer of styrenic block copolymers and high-value bio-based products derived from pine wood pulping co-products.
Styrene Butadiene Styrene Key Market Trends
- In the global styrene butadiene styrene (SBS) market, notable developments include growing demand due to its versatile applications in adhesives, footwear, and polymer modification. Advances in SBS technology have led to improved product performance, such as enhanced flexibility and impact resistance. Sustainable production practices and bio-based SBS variants are gaining traction, driven by environmental concerns. Additionally, collaborations among key industry players for research and innovation are shaping the market's evolution. As the SBS market continues to expand, emphasis on eco-friendly alternatives and innovative applications is expected to define its future growth trajectory.
Styrene Butadiene Styrene Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global styrene butadiene styrene (SBS) market is poised for promising growth due to its versatile applications in industries like construction, automotive, and consumer goods. As demand for eco-friendly and high-performance materials rises, SBS, known for its durability, flexibility, and adhesion properties, is expected to witness increased adoption. Innovations in manufacturing techniques and a shift towards sustainable products will likely drive market expansion. However, challenges related to raw material availability and potential competition from alternative materials may impact the trajectory. Overall, the SBS market shows potential for sustained growth, driven by evolving industry demands and technological advancements.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.9 Billion |
| Market size value in 2032 | USD 9.84 Billion |
| Growth Rate | 5.8% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Styrene Butadiene Styrene Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Styrene Butadiene Styrene Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Styrene Butadiene Styrene Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Styrene Butadiene Styrene Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Styrene Butadiene Styrene Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Styrene Butadiene Styrene Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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