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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Styrenic Block Copolymer Regional Analysis
The Asia Pacific to Provide Significant Growth Opportunities to the Global Styrenic Block Copolymer Industry
The growth in the Asia Pacific region boosts the demand of styrenic block copolymer market. The increased product demand can be attributed to the thriving construction industry in the region. The various government initiatives encouraging basic amenities, coupled with the growing demand for affordable housing are fuelling the market growth in emerging economies like India and China.
The industry is predicted to grow due to an increase in demand for permanent housing in rural areas of developing economies. Furthermore, the market is expected to grow in the forecast period due to the government's and foreign companies' ongoing investments in the residential and non-residential construction sectors in order to provide long-term housing and commercial facilities.
Styrenic Block Copolymer Market Report Snapshots
Styrenic Block Copolymer Market Size
Styrenic Block Copolymer Market Growth
Styrenic Block Copolymer Market Trends
Styrenic Block Copolymer Companies
Styrenic Block Copolymer Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global styrenic block copolymer market attained a value of nearly USD 9.27 billion.
The market is projected to grow at a CAGR of 4.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 13.89 billion by 2032.
The major market drivers include rising consumer awareness, thriving construction market, ongoing investments in the residential and non-residential construction sectors, and the growing demand from the footwear market.
The key trends are the increasing demand for medical components, green building development, and stricter restrictions about carbon emissions.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant products available in the market are styrene butadiene-styrene (SBS), styrene-isoprene-styrene (SIS), and hydrogenated SBC (HSBC).
The various applications of styrenic block copolymer are asphalt modification, wires and cables, polymer modification, adhesives and sealants, and footwear, among others.
The key players in the global styrenic block copolymer market are China Petrochemical Corporation, Asahi Kasei Corporation, JSR Corporation, Ineos Styrolution Group GmbH, Eastman Chemical Company, and Kumho Petrochemical, among others.
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