Global Styrene Butadiene Styrene (SBS) Market By Product (Non-Oil-Extended SBS, Oil- Extended SBS), Application (Footwear, Asphalt Modification, Polymer Modification, Adhesives, Medical Devices, Electric & Electronic Devices, TPE Compounding, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Styrene Butadiene Styrene (SBS) Market
Global styrene butadiene styrene (SBS) market is expected to rise to an estimated value of USD 6906.02 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Increasing usage of SBS block copolymer in adhesives & sealants and rising application of SBS are the factor for the growth of this market.

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Market Definition: Global Styrene Butadiene Styrene (SBS) Market
Styrene butadiene styrene (SBS) is a block copolymer composed of blocks that are expanded styrene and butadiene sequences connected by covalent bonds to each other. They are part of the f thermoplastic elastomers that have mechanical properties of rubbers and capabilities of thermoplasts. Non- oil extended SBS and oil- extended SBS are two products of the SB. They usually have great tensile strength, outstanding surface friction coefficient, and have good electric property. They are widely used in applications such as electric & electronic, asphalt modification, footwear, adhesives and others.

Market Drivers:
• Increasing demand of SBS from construction and automotive industry will drive the market growth
• Soft and elastic nature of SBS along with higher tack and adhesives quality will also enhance the growth of this market
• Rising usage of SBS in bitumen modification application acts as a market driver
• Growing demand for eco- friendly adhesives and sealants will accelerate the market growth

Segmentation: Global Styrene Butadiene Styrene (SBS) Market
By Product
o Non-Oil-Extended SBS
o Oil- Extended SBS
By Application
o Footwear
o Asphalt Modification
o Polymer Modification
o Adhesives
o Medical Devices
o Electric & Electronic Devices
o TPE Compounding, Others

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Key Developments in the Market:
• In February 2019, Ineos Styrolution announced the acquisition of Total's wholly owned Chinese PS business, which consists of two production sites in Ningbo and Foshan. This acquisition will help the company to expand their PS capacity by 400 kilotonnes per annum. The main aim of the acquisition is to strengthen their position in the market and will help them to provide better services to their customers
• In October 2017, Synthomer P.L.C announced that they have acquired BASF Pischelsdorf. This acquisition will help the company to enhance their SBR business and will also increase their production network for paper/packaging applications so they can expand their business in Europe

Competitive Analysis:

Global styrene butadiene styrene (SBS) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of styrene butadiene styrene (SBS) market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global styrene butadiene styrene (SBS) market are LCY GROUP, Kraton Coporation., Grupo Dynasol, LG Chem, Versalis, Sibur, KUMHO PETROCHEMICAL, Asahi Kasei Advance Corporation, TSRC, Chi Mei Corporation., China Petrochemical Corporation, China National Petroleum Corporation, Basstech International, India Thermoplastics Engineers, Milagro Rubber Co., Rogitex., Solventis, Chevron Phillips Chemical Company, LANXESS, among others

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