Styrene Butadiene Styrene Market_PPT
                     Styrene Butadiene Styrene MARKET 
2020
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Styrene Butadiene Styrene MARKET 2020
Styrene Butadiene Styrene Market 2020: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Global Styrene Butadiene Styrene Market Is Estimated to Be Valued at USD 6,000 Million by 2025 and Record a CAGR of over 6% 
during the Forecast Period.
The global styrene butadiene styrene market is expected to witness a surging growth in the coming assessment period owing to its 
widespread usage in diverse end-use industries such as footwear, construction, automotive, adhesive & sealants, and medical. The 
growth in the global market is mainly attributed to the growing usage of SBS in the footwear industry to manufacture soles and the 
escalating growth of the footwear industry. The increasing demand for SBS-based modified bitumen in the construction industry 
owing to superior cohesive and waterproofing characteristics of SBS further boosts the global demand. However, fluctuations in 
raw material prices of one of its raw material based on petroleum products is likely to hamper the growth of the market. Moreover, 
the new areas of application for SBS in adhesives & sealants, medical devices, and tire treads are likely to create lucrative 
opportunities for the global market in the coming future.
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Styrene Butadiene Styrene MARKET 2020
Market Segmentation:
 According to MRFR analysis, the global Styrene Butadiene Styrene market has been segmented based on application, and region.
Based on application, the global market has been segmented into footwear, asphalt modification, polymer modification, adhesives 
& sealants, medical devices, electric & electronic devices, TPE compounding, and others. Among these, the footwear segment 
accounts for the largest share of around 30% in the global market and is expected to witness the fastest growth with a CAGR of 
over 6.5%. This growth is attributed to the exponential growth of the end-use industries such as footwear, medical devices, and 
construction. The footwear segment is expected to reach a value of USD 1,800 million by the end of 2025. Asphalt modification 
holds the second-largest market share of around 23% and is expected to witness a significant growth with a CAGR of around 6% 
during the forecast period.
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Styrene Butadiene Styrene MARKET 2020
Regional Analysis
Geographically, the global styrene butadiene styrene market has been segmented into Asia-Pacific, Europe, North America, and the 
rest of the world. As per MRFR analysis, Asia-Pacific was the dominant regional market, accounting for the largest market share of 
over 50% in 2018 and is expected to register a CAGR of around 6.5% during the forecast period. North America accounted for the 
second-largest share of the global Styrene Butadiene Styrene market holding a share of around 25% in 2018. The Europe region is 
expected to witness moderate growth, at a CAGR of 5.5% over the forecast period. Latin America and the Middle East & Africa 
market is also likely to witness significant growth with a CAGR of around 6% during the forecast period, 2019–2025.
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Styrene Butadiene Styrene MARKET 2020
Application & Major Players in this Research:
Styrene Butadiene Styrene Market Prominent Players:
Market Research Future (MRFR) recognizes the following companies as the Key Players in the global Styrene Butadiene Styrene 
market: Versalis S.p.A. (Italy), TSRC Corporation (Taiwan), Sinopec (China), PetroChina (China), Kraton Corporation (US), BASF SE 
(Germany), Kumho Petrochemical (South Korea), Keyuan Petrochemicals (China), Dynasol Elastomeros (Europe), LCY Chemical 
(Taiwan), and LG Chem (South Korea).
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