Increasing usage of styrene block copolymers in adhesives and sealants is likely to provide considerable opportunities to the industry participants. These copolymers possess properties of rubber and plastics. SBS block copolymers are used due to excellent compounding and adhesive properties. All styrene block copolymers classes exhibit diverse strengths and subsequently varied uses. SBS is soft and elastic nature with higher tack and adhesive qualities. Naturally, they find wide application scope in adhesives, sealants, and bitumen modification applications. The global adhesives & sealants market is expected to surpass USD 60 billion by 2023 with a significant CAGR of over 5%. Moreover, they are extensively used in construction and automotive industries. Such factors have driven the demand for styrene butadiene styrene in adhesives & sealants manufacturing.
Global styrene butadiene styrene market share, by application 2016, (%)

Source: MRFR Report
Regional Analysis
Asia Pacific is the largest and fastest growing region accounting for more than 50% share of the global market due to the most aggressive growth of application industry in the region. The region is projected to reach USD 2999.6 million by the end of 2023. Country wise, the growth in the styrene butadiene styrene industry over the long term is expected to remain strong in the BRIC countries- Brazil, Russia, India, and China. China accounted for the largest value and volume market share and is expected to dominate the regional market during the forecast period due to increasing consumption of SBS across application industries such as sole of footwear, bitumen modification, and adhesives & sealants industry. Additionally, the fragmentation of SBS among small Chinese players is attributed to the substantial value addition to the styrene butadiene styrene market in the country.
Segmentation
Based on the application, styrene butadiene styrene market is segmented into footwear, asphalt modification, polymer modification, adhesives & sealants, medical devices, electric & electronic devices, TPE compounding.
Geographically, styrene butadiene styrene market is segmented into the Middle East & Africa, Latin America, Asia Pacific, North America, and Europe.
Key Players
Some of the key players operating in the global styrene butadiene styrene market are Versalis S.p.A, TSRC Corporation, Sinopec, Petrochina, KRATON CORPORATION, BASF SE, Kumho Petrochemical Co., Ltd., Keyuan Petrochemicals, Dynasol Elastomeros, S.A.U, LCY Chemical Corp., and LG Chem Ltd.
Geographic Analysis
The report covers brief analysis of geographical region such as:
The report covers brief analysis of geographical region such as:
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o Italy
o Russia
o U.K
o Spain
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o G.C.C
o Iran
o Israel
o Egypt
o Rest of Middle East & Africa

Key Findings
Market Research Future concludes that the global styrene butadiene styrene market is likely to continue growing over the forecast period 2017-2023. The market growth is attributed to the increasing application segment, which includes footwear, asphalt modification, polymer modification, adhesives & sealants, medical devices, electric & electronic devices, and TPE compounding.
Eight application segments that we have covered cumulatively, constituted an overall market of USD 3531.7 million in 2016 and are expected to grow at a rate of 6.97% p.a. to reach USD 5621.6 million by the end of 2023. Footwear and asphalt modification are the largest segments, which are expected to grow at a CAGR of 7.10% and 7.08% per annum respectively.
Asia Pacific is one of the prominent consumers of SBS and poses various opportunities to the manufacturers. Asia Pacific accounted for 53.0% share of the global styrene butadiene styrene market in 2016.

Intended Audience

• Styrene butadiene styrene manufacturers
• Styrene butadiene styrene distributor
• Appliances Manufacturers
• Automotive Manufacturers
• Potential investors
• Styrene butadiene styrene suppliers
• Nationalized laboratory
DC –Description
• Styrene butadiene styrene
• Solid Coating
• Polyester Styrene butadiene styrene
• Epoxy-Polyester Hybrid Coating
• Acrylic Coating
• Spray drying process
• Thermostat Styrene butadiene styrene
• Thermoplastic Styrene butadiene styrene
• Automotive Coating
• Appliance Coating
• Dry Solid Coating

Table of Contents:

1 Report Prologue
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Demand in Footwear Industry
4.2.2 Growing Modified Bitumen Demand in Construction Industry
4.3 Restraint
4.3.1 Volatile Raw Material Prices
4.4 Opportunities
4.4.1 Widening application scope in adhesives & sealants
4.4.2 Thermoplastic elastomers for medical device
4.5 Trends
4.5.1 SBS application in tire treads
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 SBS Manufacturers
5.1.3 Distribution Channel
5.1.4 Application Industry
5.2 Porter’s Five Force Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Rivalry
5.2.3 Threat of Substitute
5.2.4 Bargaining Power of Supplier
5.2.5 Bargaining Power of Buyer
6 Global Styrene Butadiene Styrene Market, By Application
6.1 Introduction
6.2 Footwear
6.3 Asphalt Modification
6.4 Polymer Modification
6.5 Adhesives & Sealants
6.6 Medical Devices
6.7 Electric & Electronic Devices
6.8 TPE compounding
6.9 Others
7 Global Styrene Butadiene Styrene Market, By Region
7.1 Introduction
7.2 North America
7.2.1 PESTL Analysis
7.2.2 Introduction
7.2.3 U.S.
7.2.4 Canada
7.3 Europe
7.3.1 PESTL Analysis
7.3.2 Introduction
7.3.3 Germany
7.3.4 Russia
7.3.5 Italy
7.3.6 France
7.3.7 Spain
7.3.8 U.K.
7.3.9 Poland
7.3.10 Rest of Europe
7.4 Asia Pacific
7.4.1 PESTL Analysis
7.4.2 Introduction
7.4.3 China
7.4.4 Japan
7.4.5 India
7.4.6 Republic of Korea
7.4.7 Australia
7.4.8 Rest of Asia Pacific
7.5 Latin America
7.5.1 PESTL Analysis
7.5.2 Introduction
7.5.3 Brazil
7.5.4 Mexico
7.5.5 Argentina
7.5.6 Rest of Latin America
7.6 Middle East & Africa
7.6.1 PESTL Analysis
7.6.2 Introduction
7.6.3 G.C.C.
7.6.4 Turkey
7.6.5 North Africa
7.6.6 Israel
7.6.7 Rest of Middle East
8 Competitive Landscape
8.1 Introduction
8.2 Key Developments of Major Market Players
9 Company Profiles
9.1 Versalis S.p.A.
9.1.1 Company Overview
9.1.2 Financials
9.1.3 Products
9.1.4 Strategy
9.1.5 Key Developments
9.2 TSRC Corporation
9.2.1 Company Overview
9.2.2 Financials
9.2.3 Products
9.2.4 Strategy
9.2.5 Key Developments
9.3 Sinopec
9.3.1 Company Overview
9.3.2 Financials
9.3.3 Products
9.3.4 Strategy
9.3.5 Key Developments
9.4 Petrochina
9.4.1 Company Overview
9.4.2 Financials
9.4.3 Products
9.4.4 Strategy
9.4.5 Key Developments
9.5 KRATON CORPORATION
9.5.1 Company Overview
9.5.2 Financials
9.5.3 Products
9.5.4 Strategy
9.5.5 Key Developments
9.6 BASF SE
9.6.1 Company Overview
9.6.2 Financials
9.6.3 Products
9.6.4 Strategy
9.6.5 Key Developments
9.7 Kumho Petrochemical Co., Ltd.
9.7.1 Company Overview
9.7.2 Financials
9.7.3 Products
9.7.4 Strategy
9.7.5 Key Developments
9.8 Keyuan Petrochemicals
9.8.1 Company Overview
9.8.2 Financials
9.8.3 Products
9.8.4 Strategy
9.8.5 Key Developments
9.9 Dynasol Elastomeros, S.A.U
9.9.1 Company Overview
9.9.2 Financials
9.9.3 Products
9.9.4 Strategy
9.9.5 Key Developments
9.1 LCY Chemical Corp.
9.10.1 Company Overview
9.10.2 Financials
9.10.3 Products
9.10.4 Strategy
9.10.5 Key Developments
9.11 LG Chem Ltd.
9.11.1 Company Overview
9.11.2 Financials
9.11.3 Products
9.11.4 Strategy
9.11.5 Key Developments
10 Conclusion

The post Global Styrene Butadiene Styrene Market Research Report – Forecast to 2023 first appeared on CRI Report.