Los Angeles, CA -- (SBWire) -- 05/06/2019 --Styrene-butadiene-styrene, or SBS, is a hard rubber that's used for things like the soles of shoes, tire treads, and other places where durability is important. It's a type of copolymer called a block copolymer. Its backbone chain is made up of three segments. The first is a long chain of polystyrene, the middle is a long chain of polybutadiene, and the last segment is another long section of polystyrene.
The industry is concentrated with its supplier can be classified as two types: petrochemical suppliers and thermoplastic elastomers suppliers. Petrochemical suppliers like Sinopec and Versalis provide major raw materials like styrene by itself, while elastomers suppliers has to sourcing raw material from the market. Petrochemical type suppliers usually have more advantage in manufacturing cost saving. Elastomers type suppliers have more advanced technology and close relationship with downstream users. Until 2015, China overall was the dominant producer and exporter of SBS, followed by Asia (Ex. China) and Europe.
Leading players in SBS industry are LCY Chemical, Kraton, Dynasol, LG Chem, Versalis, Sibur, KKPC, Asahi Kasei, TSRC, Chimei, Sinopec, etc. In 2015, the production volume of the top four producers accounted for 57.44% of the SBS market. The SBS market is forecast to record steady growth as a result of global expansion in the compounding and adhesive applications, as well as enhanced penetration of modified asphalts into roadway and roofing construction.
The global SBS market was 3580 million US$ in 2018 and is expected to 4680 million US$ by the end of 2025, growing at a CAGR of 3.4% between 2019 and 2025. This report studies the SBS market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of SBS in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
LCY Chemical
Kraton
Dynasol
LG Chem
Versalis
Sibur
KKPC
Asahi Kasei
TSRC
Chimei
Sinopec
CNPC
Keyuan Petrochemicals
Jusage
By the product type, the market is primarily split into
Liner SBS
Radical SBS
By the end users/application, this report covers the following segments
Footwear
Asphalt Modification
Polymer Modification
Adhesives
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SBS Market Is Expected to Reach 4680 Million USD by the End of 2025
SBS Marketis a detailed report, which presents a combination of industry knowledge and research expertise based on regions too. This report delivers the market trends along with the market size for every individual sector.