Jan 25, 2021   SOURCE: BusinessWire

Global Styrenic Block Copolymers Market Trajectory & Analytics to 2027: U.S. Market is Estimated at $2 Billion, China to Grow at 8% CAGR - Key Players are Dynasol, Kraton, LCY Chemical & SINOPEC - ResearchAndMarkets.com

The "Styrenic Block Copolymers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Styrenic Block Copolymers Market to Reach $10.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Styrenic Block Copolymers estimated at US$7.3 Billion in the year 2020, is projected to reach a revised size of US$10.4 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027.

Styrene-Butadiene-Styrene (SBS), one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$7.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Styrene-Isoprene-Styrene (SIS) segment is readjusted to a revised 4.2% CAGR for the next 7-year period.

The U. S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 8% CAGR

The Styrenic Block Copolymers market in the U. S. is estimated at US$2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Hydrogenated Styrenic Block Copolymers (HSBC) Segment to Record 6.2% CAGR

In the global Hydrogenated Styrenic Block Copolymers (HSBC) segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$773 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027, while Latin America will expand at a 7.4% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Dynasol Group
  • Kraton Corporation
  • LCY Chemical Corporation
  • SINOPEC Group

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Styrenic Block Copolymers Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

  • Market Facts & Figures
  • US Styrenic Block Copolymers Market Share (in %) by Company: 2019 & 2025
  • Market Analytics

CANADA

JAPAN

CHINA

EUROPE

  • Market Facts & Figures
  • European Styrenic Block Copolymers Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

  • Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/cnc8yi