Styrene Ethylene Butylene Styrene Market - Forecast(2024 - 2030)

Report Code: CMR 32968 Report Format: PDF + Excel

Styrene Ethylene Butylene Styrene Market Overview

Styrene Ethylene Butylene Styrene Market (SEBS) size is forecast to reach $6.1 billion by 2026, after growing at a CAGR of 4.3% during 2021-2026. Styrene Ethylene Butylene Styrene (SEBS) is a thermoplastic elastomer and similar to natural rubber, which is potentially flexible, has excellent heat, UV resistance properties, and is easy to process. SEBS uses polyolefin plastics such as polyethylene and polypropylene as building blocks, which are used in the footwear industry. Thus, globally SEBS-borne pressure-sensitive adhesives (PASs) are used in replacement of natural PASs in a variety of applications such as taps, labels, and others. Moreover, increasing demand for adhesives & sealants from end-use industries such as packaging, construction, and automotive, is also expected to have a positive impact on the demand for SEBS. According to the Associated General Contractors (AGC), construction projects worth US$ 1.3 trillion are built in North America every year. Although, according to the Federal Office for Building and Regional Planning, Germany will require about 350,000 new housing units per year by 2021. Hence, increasing construction activities are estimated to boost the demand for adhesives & sealants, which in turn, will also boost the styrene ethylene butylene styrene market growth.

Impact of Covid-19

Major industries like automotive, construction and others have got a hit because of COVID-19. Thus, the demand for adhesive & sealants also decreases, which hamper the market of SEBS. According to the Society of Indian Automobile Manufacturers (SIAM), the sales of passenger vehicles reduced by 2% in FY20-FY21. Additionally, according to Eurostat, in 2020 building construction decreased by 3.3% in Europe which, in turn, has affected the demand and production of styrene ethylene butylene styrene.

Report Coverage

The: “Styrene Ethylene Butylene Styrene Market Report – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Styrene Ethylene Butylene Styrene Industry.

By Form: Pellets, Powder

By End-Use Industry: Pharmaceutical (Biomedical Devices, Drug Delivery, Medical Implants, Others), Adhesive & Sealants, Electrical & Electronics (Electronic Gadgets, Wire and Cable, Others), Cosmetics & Personal Care, Agriculture Sector, Packaging Industry, Footwear & Sports (Shoe Shole, Handlebar Grips, Sports Mouthguard, Others), and Others

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

  • Asia Pacific dominated the market of styrene ethylene butylene styrene market owing to the increasing production of adhesives & sealants in Asian countries such as India, China, Japan, Malaysia, and others, which are leading to an increase in consumption of SEBS in the region.
  • According to the International Trade Centre (ITC), the glues and other adhesives prepared were valued to be $13.48 billion in 2018 in the Asia Pacific.
  • Styrene ethylene butylene styrene is used as the natural pressure-sensitive adhesive of the various purpose of rubber items such as shoe shole as well as in handlebar grips, toothbrushes, sports mouth guards, and others.
  • Additionally, polyolefin plastics don't need plasticizers for flexibility, thus used as a building block for SEBS.
  • However, increasing awareness regarding health and environmental regulation is limiting market growth. Because styrene ethylene butylene styrene causes several environmental problems and causes of cancer, irritate eyes, and others.

Figure: Asia Pacific Styrene Ethylene Butylene Styrene Market Revenue, 2021-2026 (US$ Billion)

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Styrene Ethylene Butylene Styrene Market Segment Analysis – By Form

Pellet held the largest share in the styrene ethylene butylene styrene market in 2020. SEBS in pellets form possess excellent resistance to oxidation, ozone, and general outdoor weathering. Thus, it is used in consumer goods, industrial and buildings & constructions applications. SEBS pellets contain no double bond which makes them particularly resistant to wear. It is sensitive to oxidation naturally. Therefore, it is ideal for toys, shoe shole, bottle caps, garden tools, knobs, and others along with temperatures around 150° C -230 ° C, which is estimated to contribute to the demand for SEBS demand in near future. 

Styrene Ethylene Butylene Styrene Market Segment Analysis – By End-Use Industry

Adhesive & sealants held the largest share in the styrene ethylene butylene styrene (SEBS) market in 2020 and is growing at a CAGR of 4.2% during 2021-2026 owing to the increased demand from various end-use industries such as automotive, packaging, construction, electronic components, and others. SBES is used for the manufacturing of adhesive tapes, labels, and others components, which are used in the construction and packaging sector. Thus, the increasing growth of these industries is helping to boost the SEBS market growth in emerging and developing countries.  For instance, the construction industry in the United Kingdom is rapidly growing. The government of the U.K plans to deliver 1.5 million more homes by 2022. Additionally, according to the National Bureau of Statistics (NBS), real estate investment in China rose 7.0% in 2020. Apart from this, the packaging industry is also growing year by year. According to the Ministry of corporate affairs of India (MCAI), in FY 2018 the revenue generated by Swiggy and Zomato was US$63.89 million (INR 4.42 billion) and US$64.47 (INR 4.66 billion), respectively. Furthermore, the market size of organized packaged food reached US$112.75 million in FY 2020 from US$7.76 million in FY 2016. Hence, all such factors are estimated to grow the consumption of adhesives & sealants in end-use industries which, in turn, is expected to increase demand for styrene ethylene butylene styrene.

Styrene Ethylene Butylene Styrene Market Segment Analysis - By Geography

Asia Pacific dominated the global styrene ethylene butylene styrene market in 2020 with 32% due to growing construction activities and robust industries growth like footwear & sports, automotive, packaging, building & construction, and others in Asian Countries such as India, China, Japan, and others. Furthermore, according to the Federation of Indian Chambers of Commerce and Industry (FICCI), plastic consumption in India is growing about 12.8 million metric tons (MMT) annually against global consumption of 285 MMT per year, as of 2020. Additionally, according to the Ministry of Land, Infrastructure, Transport, and Tourism, the government of Japan invested towards the tourism sector from JPY25.6 billion (US$228.2 million) in 2017 to JPY29.4 billion (US$262.1 million) in 2018, which will attract 60.0 million tourists by 2030. Hence, with growing plastic consumption and investment in these countries, is expected to increase the market growth in region during the forecast period.

Styrene Ethylene Butylene Styrene Market Drivers

  • Increasing Demand from Adhesives & Sealants

SEBS is used to produce adhesives tapes such as pressure adhesive sensitive tapes, packaging tapes, industrial tapes, surgical tapes, cartridge adhesive, labels, and more. Adhesive & sealants are used in various application like sealants used as a thermal insulator, the adhesive used in drug delivery, medicine, as well as construction activities like floor tiles, joint cement, and others, thus increasing consumption of adhesives & sealants, is estimated to also boost the demand of SEBS. According to the Canadian Mortgage and Housing Corporation, expanded 14,000 housing units, over 65,900 housing units were repaired and over 23,800 community housing units have been protected in 2020. According to the Indian Institute of Packaging (IIP), the packaging industry is expected to reach from US$ 50.5 billion in 2019 to US$204.81 billion by 2025, growing at 26.7% annually. Thus, the governments of India and others countries are taking initiatives and huge investments in industries to boost the demand for adhesives & sealants in the country, which will also drive the styrene ethylene butylene styrene market growth.

  •  Increasing Demand as Alternative to Polyvinyl Chloride

Styrene ethylene butylene styrene (SEBS) is used as an alternative to polyvinyl chloride (PVC) to manufacture toys. SEBS is similar to natural rubber and is less dangerous compared to their alternatives like PVC. The polyolefins plastics used as the central building block for SBES and has favorable properties, such as improved impact resistance, flow, rigidity, low temperature, thermal stability, and durability. Hence, Food and Dru Administration approvals for implementing SEBS, which create an opportunity for growth in the global market. It has greater structural retention, dimensional integrity, and chemical compatibility than others. In addition, SEBS gadgets granules are increasing in the manufacture of medical devices, tubes, and bags, as it is biocompatible and comparatively eco friendly than PVC, also recyclable. Thus, the replacement of PVC with SEBS is estimated to influence market growth near future.

Styrene Ethylene Butylene Styrene Market Challenges

  • Increasing Awareness Regarding Health and Environmental Regulation

Styrene is used to manufacture polymers, which are used in the production of plastics such as styrene-ethylene butylene styrene, unsaturated polyesters, and others. Thus, during exposure styrene can irritate skin and eyes with liquid or vapor. Also, it is harmful to breathing. Hence, increasing regulation on styrene will decrease the production of plastic polymers. The Environmental Protection Agency (EPA) is about to pass the Toxic Substances Control Act (TSCA) by 2022 for styrene to risk evaluation. Styrene is a hazardous substitute for air pollutants under Toxics Release Inventory (TRI) act. Hence, increasing regulation regarding health and the environment may reduce the demand for styrene, which also reduces the production of styrene ethylene butylene styrene.

Styrene Ethylene Butylene Styrene Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Styrene Ethylene Butylene Styrene Market. Major players in the Styrene Ethylene Butylene Styrene Market are:

  • LCY Chemical
  • Kraton Polymers
  • Ningbo Keyuan Petrochemicals
  • Dynasol Elastomers
  • Dycon Chemicals
  • Sinopec
  • Asahi Kasei
  • ENI Versalis
  • TSRC Corporation
  • Kuraray, and among others.

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1. Styrene Ethylene Butylene Styrene Market- Market Overview
    1.1 Definitions and Scope 
2. Styrene Ethylene Butylene Styrene Market - Executive Summary
    2.1 Key Trends by Form
    2.2 Key Trends by End Use Industry
    2.3 Key Trends by Geography
3. Styrene Ethylene Butylene Styrene Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Styrene Ethylene Butylene Styrene Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Styrene Ethylene Butylene Styrene Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Styrene Ethylene Butylene Styrene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Styrene Ethylene Butylene Styrene Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Styrene Ethylene Butylene Styrene Market – By Form (Market Size -$Billion)
    8.1 Pellets
    8.2 Powder
9. Styrene Ethylene Butylene Styrene Market – By End-Use Industry (Market Size -$Billion)
    9.1 Pharmaceutical
        9.1.1 Biomedical Devices
        9.1.2 Drug Delivery
        9.1.3 Medical Implants
        9.1.4 Others
    9.2 Adhesive & Sealants
    9.3 Electrical & Electronics
        9.3.1 Electronic Gadgets
        9.3.2 Wire and Cable
        9.3.3 Others
    9.4 Cosmetics & Personal Care
    9.5 Agriculture Sector
    9.6 Packaging Industry
    9.7 Footwear & Sports
        9.7.1 Shoe Shole
        9.7.2 Handlebar Grips
        9.7.3 Sports Mouthguard
        9.7.4 Others
    9.8 Others
10. Styrene Ethylene Butylene Styrene Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zeeland
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
   Saudi Arabia
   Rest of the Middle East
        10.5.2 Africa
   South Africa
   Rest of Africa
11. Styrene Ethylene Butylene Styrene Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Styrene Ethylene Butylene Styrene Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share at Global Level - Major companies
    12.2 Market Share by Key Region - Major companies
    12.3 Market Share by Key Country - Major companies
    12.4 Market Share by Key Application - Major companies
    12.5 Market Share by Key Product Type/Product category - Major companies
    12.6 Company Benchmarking Matrix - Major companies
13. Styrene Ethylene Butylene Styrene Market – Key Company List by Country Premium Premium
14. Styrene Ethylene Butylene Styrene Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"