Styrene-Butadiene-Styrene (SBS) Block Copolymer Market

Styrene-Butadiene-Styrene Block Copolymer Market: Overview

The expanding use of styrene-butadiene-styrene block copolymer in a variety of applications may bring considerable growth prospects for the styrene-butadiene-styrene block copolymer market during the forecast period of 2021-2031. The increasing use of styrene-butadiene-styrene block copolymer in the adhesive industry is also estimated to add value to the growth trajectory of the styrene-butadiene-styrene block copolymer market between 2021 and 2031. In addition, the expanding prevalence of the players in various countries will have a profound impact on the growth structure of the global styrene-butadiene-styrene block copolymer market.

Styrene-butadiene-styrene block copolymer can be referred to as a homopolymer created through a butadiene and styrene link. It is used extensively as a feasible alternative to conventional vulcanized rubber due to the high viscosity and elasticity. Thus, the benefits associated with styrene-butadiene-styrene block copolymers may bring exponential growth for the global market.

On the basis of type, the styrene-butadiene-styrene block copolymer market can be segmented into sealants and coatings, polymer modification, asphalt modification, and adhesives. Transportation, building and construction, and the packaging industry are some end-user industries associated with the styrene-butadiene-styrene block copolymer market.

The report by Transparency Market Research (TMR) on the styrene-butadiene-styrene block copolymer market reveals the current scenario across the competitive landscape. The latest trends and developments are also highlighted in the report. In addition, the regional insights and the industrial scenario is also included. The report also has information about the impact of the COVID-19 pandemic on the styrene-butadiene-styrene block copolymer market.

Styrene-Butadiene-Styrene Block Copolymer Market: Competitive Trends

The styrene-butadiene-styrene block copolymer market is consolidated. A few well-established players account for a larger growth-share. The competitive hemisphere of the styrene-butadiene-styrene block copolymer market comprises numerous domestic and international players. The players indulge in mergers, acquisitions, partnerships, and joint ventures. In addition, the players are also involved in research and development activities. Thus, these activities serve as vital growth boosters for the styrene-butadiene-styrene block copolymer market.

Some well-established players in the styrene-butadiene-styrene block copolymer market are Sinopec Corp., Firestone Polymers, LLC., China National Petroleum Corporation, and Versalis S.p.A.

Styrene-Butadiene-Styrene Block Copolymer Market: Key Trends

The expanding urbanization and the rising disposable income of many people around the world is leading to an increase in the construction activities around the world. This aspect may fuel the growth of the styrene-butadiene-styrene block copolymer market to a substantial extent. Furthermore, the rate of rural-to-urban migration is accelerating at a rapid pace. The creation of smart cities by various countries will boost the growth prospects of the styrene-butadiene-styrene block copolymer market extensively.

The COVID-19 pandemic has resulted in low growth rate for the styrene-butadiene-styrene block copolymer market. As the pandemic started wreaking havoc across the globe, strict lockdown restrictions were implemented and all the production facilities and manufacturing units were shut for a brief period. These restrictions proved to be a bane for the growth of the styrene-butadiene-styrene block copolymer market. The production and demand of styrene-butadiene-styrene block copolymer declined exponentially. However, with the lockdown restrictions easing up and the mass vaccination drives across various countries, the demand for styrene-butadiene-styrene block copolymer is estimated to increase and the growth rate is expected to be stabilized. Nevertheless, the players should make provisions for future situations like pandemics to stay afloat during such tough times.

Styrene-Butadiene-Styrene Block Copolymer Market: Regional Insights

The growing presence of key players in countries like India and China may designate Asia Pacific as the fastest growth-generating region for the styrene-butadiene-styrene block copolymer market between 2021 and 2031. North America and Europe are estimated to observe moderate growth as they are already mature markets.