Asia Pacific Styrenic Block Copolymer Market Size study, by Product, by Application and Country Forecasts 2022-2032

Description

List of Tables

Asia Pacific Styrenic Block Copolymer Market is valued approximately USD 1.95 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.27% over the forecast period 2024-2032. Styrenic Block Copolymers (SBCs) are thermoplastic elastomers composed of styrene and rubber blocks. They combine the properties of plastics and elastomers, offering flexibility, resilience, and ease of processing. SBCs are widely used in applications such as adhesives, sealants, coatings, medical devices, automotive parts, and packaging materials due to their excellent mechanical properties, clarity, and versatility. Their ability to be molded and shaped while maintaining strength and elasticity makes them valuable in various industries. Significantly, SBCs are increasingly sought after for high-performance applications across Asia Pacific industries such as automotive, construction, and electronics, where there's a growing demand for improved mechanical properties, thermal stability, chemical resistance, and advanced functionalities. Manufacturers in the region are consequently investing in research and development endeavors to devise innovative formulations tailored to these specific requirements, thereby fostering the expansion of the Asia Pacific Styrenic Block Copolymer Market.

The market expansion is fueled by strong demand across various sectors, including paving & roofing, footwear, adhesives & sealants, and medical devices. Additionally, rapid growth in the construction industry, driven by the increasing need for affordable housing and government initiatives supporting basic amenities, is driving market growth in emerging economies such as India, China, and Indonesia. Continuous advancements in polymer technology are resulting in the development of SBC grades with improved properties, expanding their application range. Rising disposable income and consumer awareness are boosting demand for SBC-based products such as footwear and personal care items. Furthermore, rapid industrialization and urbanization in emerging markets, particularly in the Asia-Pacific region, are contributing to increased SBC demand, particularly in the automotive and packaging sectors. However, alternative materials such as thermoplastic polyurethane and thermoplastic polyolefin elastomers are posing competitive challenges to SBCs across various applications during forecast year 2024-2032.

The key Countries considered for the Asia Pacific Styrenic Block Copolymer market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China leads the Asia-Pacific region's market due to the escalating demand for prefabricated buildings in the country. The thriving automotive, construction, footwear, and medical device sectors in China drive the demand for styrenic block copolymers (SBCs), valued for their flexibility, durability, and impact resistance. Additionally, the expanding footwear manufacturing sector and the copolymer's robust demand for paving & roofing applications contribute significantly to market growth in the region. The market in India, on the other hand, is expected to develop at the fastest rate over the forecast period.

Major market player included in this report are:

LCY Group Co, Ltd.
Zeon Corporation
Asahi Kasei Corporation
China Petroleum & Chemical Corporation (Sinopec)
JSR Corporation
Korea Kumho Petrochemical Co., Ltd.
TSRC Corporation
En Chuan Chemical Industries Co., Ltd.
Denka Company Limited
Kuraray Co., Ltd.

The detailed segments and sub-segment of the market are explained below:

By Product

Hydrogenated Styrenic Block Copolymers (HSBC)
Styrene-butadiene-styrene (SBS)
Styrene-isoprene-styrene (SIS)

By Application

Hydrogenated Styrenic Block Copolymers (HSBC)
Styrene-butadiene-styrene (SBS)
Styrene-isoprene-styrene (SIS)

By Region:

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Asia Pacific Styrenic Block Copolymer Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Asia Pacific Styrenic Block Copolymer Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Product
- 2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Asia Pacific Styrenic Block Copolymer Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Asia Pacific Styrenic Block Copolymer Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Asia Pacific Styrenic Block Copolymer Market Size & Forecasts by Product 2022-2032

5.1. Hydrogenated Styrenic Block Copolymers (HSBC)
5.2. Styrene-butadiene-styrene (SBS)
5.3. Styrene-isoprene-styrene (SIS)

Chapter 6. Asia Pacific Styrenic Block Copolymer Market Size & Forecasts by Application 2022-2032

6.1. Hydrogenated Styrenic Block Copolymers (HSBC)
6.2. Styrene-butadiene-styrene (SBS)
6.3. Styrene-isoprene-styrene (SIS)

Chapter 7. Asia Pacific Styrenic Block Copolymer Market Size & Forecasts by Country 2022-2032

7.1. China Styrenic Block Copolymer Market
- 7.1.1. Product breakdown size & forecasts, 2022-2032
- 7.1.2. Application breakdown size & forecasts, 2022-2032
7.2. India Styrenic Block Copolymer Market
7.3. Japan Styrenic Block Copolymer Market
7.4. Australia Styrenic Block Copolymer Market
7.5. South Korea Styrenic Block Copolymer Market
7.6. Rest of Asia Pacific Styrenic Block Copolymer Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. LCY Group Co, Ltd.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Zeon Corporation
- 8.3.3. Asahi Kasei Corporation
- 8.3.4. China Petroleum & Chemical Corporation (Sinopec)
- 8.3.5. JSR Corporation
- 8.3.6. Korea Kumho Petrochemical Co., Ltd.
- 8.3.7. TSRC Corporation
- 8.3.8. En Chuan Chemical Industries Co., Ltd.
- 8.3.9. Denka Company Limited
- 8.3.10. Kuraray Co., Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Asia Pacific Styrenic Block Copolymer market, report scope
TABLE 2. Asia Pacific Styrenic Block Copolymer market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Asia Pacific Styrenic Block Copolymer market estimates & forecasts by Product 2022-2032 (USD Billion)
TABLE 4. Asia Pacific Styrenic Block Copolymer market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Asia Pacific Styrenic Block Copolymer market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Asia Pacific Styrenic Block Copolymer market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Asia Pacific Styrenic Block Copolymer market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Asia Pacific Styrenic Block Copolymer market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Asia Pacific Styrenic Block Copolymer market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Asia Pacific Styrenic Block Copolymer market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Asia Pacific Styrenic Block Copolymer market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Asia Pacific Styrenic Block Copolymer market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Asia Pacific Styrenic Block Copolymer market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Asia Pacific Styrenic Block Copolymer market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. China Styrenic Block Copolymer market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. China Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. China Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. India Styrenic Block Copolymer market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. India Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. India Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Japan Styrenic Block Copolymer market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. Japan Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. Japan Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Australia Styrenic Block Copolymer market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Australia Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Australia Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. South Korea Styrenic Block Copolymer market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. South Korea Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. South Korea Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30.
TABLE 31. RoAPAC Styrenic Block Copolymer market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 32. RoAPAC Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. RoAPAC Styrenic Block Copolymer market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. List of secondary sources, used in the study of Asia Pacific Styrenic Block Copolymer Market.
TABLE 35. List of primary sources, used in the study of Asia Pacific Styrenic Block Copolymer Market.
TABLE 36. Years considered for the study.
TABLE 37. Exchange rates considered.

LIST OF FIGURES

FIG 1. Asia Pacific Styrenic Block Copolymer market, research methodology
FIG 2. Asia Pacific Styrenic Block Copolymer market, market estimation techniques
FIG 3. Asia Pacific market size estimates & forecast methods.
FIG 4. Asia Pacific Styrenic Block Copolymer market, key trends 2023
FIG 5. Asia Pacific Styrenic Block Copolymer market, growth prospects 2022-2032
FIG 6. Asia Pacific Styrenic Block Copolymer market, porters 5 force model
FIG 7. Asia Pacific Styrenic Block Copolymer market, pestel analysis
FIG 8. Asia Pacific Styrenic Block Copolymer market, value chain analysis
FIG 9. Asia Pacific Styrenic Block Copolymer market by segment, 2022 & 2032 (USD Billion)
FIG 10. Asia Pacific Styrenic Block Copolymer market by segment, 2022 & 2032 (USD Billion)
FIG 11. Asia Pacific Styrenic Block Copolymer market by segment, 2022 & 2032 (USD Billion)
FIG 12. Asia Pacific Styrenic Block Copolymer market by segment, 2022 & 2032 (USD Billion)
FIG 13. Asia Pacific Styrenic Block Copolymer market by segment, 2022 & 2032 (USD Billion)
FIG 14. Asia Pacific Styrenic Block Copolymer market, Country snapshot 2022 & 2032
FIG 15. Asia pacific Styrenic Block Copolymer market 2022 & 2032 (USD Billion)
FIG 16. Asia Pacific Styrenic Block Copolymer market, company market share analysis (2023)