Styrene Ethylene Butylene Styrene (SEBS) Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 358.06 kilotons |
| Market Volume (2029) | 521.26 kilotons |
| CAGR (2024 - 2029) | 7.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
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*Disclaimer: Major Players sorted in no particular order |
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Styrene Ethylene Butylene Styrene (SEBS) Market Analysis
The Styrene-ethylene-butylene-styrene Market size is estimated at 358.06 kilotons in 2024, and is expected to reach 521.26 kilotons by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).
The COVID-19 pandemic impacted the market negatively as the pandemic severely affected international trade and hampered several industries, including manufacturing, building, and construction. However, the market has now been estimated to have reached pre-pandemic levels.
- The major factors driving the market studied are the rising demand from the adhesives and sealants industry and the rising demand for electrical components in the construction sector.
- On the flip side, environmental regulations on overproduction are expected to hinder the growth of the market.
- The rising demand for SEBS as a replacement for PVC in various end-user industries serves as an opportunity for the studied market.
- Asia-Pacific region is expected to dominate the market and is likely to witness the highest CAGR during the forecast period.
Styrene Ethylene Butylene Styrene (SEBS) Market Trends
This section covers the major market trends shaping the Styrene Ethylene Butylene Styrene Market according to our research experts:
Adhesive and Sealants Segment is Expected to Dominate the Market
- SEBS is majorly used in products, such as tapes, labels, and other construction-based adhesives, among others, in the adhesive and sealant industry.
- The water-solvent-borne property of SEBS is versatile, and it exhibits properties such as high cohesiveness and high peel strength. Due to this, SEBS-borne PSAs (pressure-sensitive adhesives) are replacing natural PSAs in a variety of applications, which has increased the consumption of SEBS in the adhesive and sealant industry.
- Advanced production techniques, like co-extrusion with a polyolefin backing related to adhesives and sealants, have further broadened the scope for SEBS.
- In December 2021, Bostik launched a new range of disposable hygiene adhesive products with bio-based renewable content. Bostik launched two new adhesive products with 50% and 75% renewable content in support of its responsible hygiene commitment. The new launches are expected to propel the market studied.
- Hence, based on the aforementioned aspects, the adhesives and sealants segment is expected to dominate the market.
The Asia-Pacific Region is Likely to Dominate the Market
- The Asia-Pacific region dominated the global market share. With growing construction activities in countries like India, China, Japan, and South Korea the demand for and production of adhesives and sealants, and electrical products have been increasing in the country, which is further leading to an increase in the consumption of SEBS in the region.
- China is also the world's leading PVC manufacturer and consumer. SEBS is creating its space in the plastic industry as a potential replacement for PVC in various applications. The country's sales of electric vehicles reached around 413,094 units in November 2021. In addition, the market share also increased to 19% including 15% of all-electric and 4% of plug-in hybrid cars.
- SEBS is used in the production of toys and can replace PVC in the production of doll heads. Thus, such a substitution of PVC is likely to drive the SEBS market in the coming years.
- The sports equipment market in China has witnessed growth owing to the Tokyo Olympic Games, in 2021. The sports equipment makers and industry practitioners expect the sector to fuel consumers' increasing appetite for sports activities and consumption. Moreover, it is expected that the sports industry reaches USD 773 billion by 2025.
- India is the second-largest footwear manufacturer in the world with nearly 90% of the manufactured footwear utilized in the country and the rest is exported.
- The footwear market was estimated to reach around USD 15.5 billion by 2022. In addition, the country holds a share of 10.7% of the global production and in terms of consumption, it holds a share of 11.7%.
- In Japan, according to Japan Electronics and Information Technology Industries Association (JEITA), as of December 2021, the global production by the Japanese electronics and IT industry, was estimated to register a growth of 8% year-on-year in 2021 to JPY 37,319.4 billion (USD 332764.7 million) and the industrial production is forecasted to JPY 38,015.2 billion (USD 338968.9 million) in 2022, with an estimated growth of 2% year-on-year.
- Due to all such factors, the market for Styrene-ethylene-butylene-styrene (SEBS) in the region is expected to have a steady growth during the forecast period.
Styrene Ethylene Butylene Styrene (SEBS) Industry Overview
The styrene-ethylene-butylene-styrene (SEBS) market is a consolidated market, where few players account for a significant portion of the market demand. Some of these major players (in no particular order) include Kraton Corporation, Kuraray Co. Ltd, China Petrochemical Corporation (Sinopec), TSRC Corporation, and Celanese, among others.
Styrene Ethylene Butylene Styrene (SEBS) Market Leaders
Kraton Corporation
Kuraray Co., Ltd.
TSRC Corporation
Celanese
China Petrochemical Corporation (Sinopec Corp.)
*Disclaimer: Major Players sorted in no particular order
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Styrene Ethylene Butylene Styrene (SEBS) Market News
- In August 2022, Kraton announced the expansion of the production capacity of styrene block copolymers at a manufacturing facility in Mailiao, Taiwan. This strategic move will increase the capacity of the current facility by 30% for the styrene-ethylene-butylene-styrene product range.
- In Feb 2021, Sinopec group launched Sinopec Baling Petrochemical's 50,000-ton SEBS project which will expand the company's production capacity up to 100,000 tons.
- In January 2021, Sinopec and LyondellBasell partnered to manufacture polypropylene oxide and styrene monomer in Zhenhai Ningbo, China. The styrene production capacity will be 600 KTA.
Styrene Ethylene Butylene Styrene (SEBS) Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Demand from the Adhesive and Sealant Industry
4.1.2 Growing Demand for Electrical Components in the Construction Sector
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Environmental Regulations Over Production
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Form
5.1.1 Pellets
5.1.2 Powder
5.2 End-user Industry
5.2.1 Footwear
5.2.2 Adhesives and Sealants
5.2.3 Plastics
5.2.4 Roads and Railways
5.2.5 Automotive
5.2.6 Sporting and Toys
5.2.7 Electrical and Electronics
5.2.8 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Asahi Kasei Corporation
6.4.2 Celanese Corporation
6.4.3 China Petrochemical Corporation (Sinopec Corp.)
6.4.4 Dynasol Group
6.4.5 General Industrial Polymers
6.4.6 JSR Corporation
6.4.7 Kraton Polymers
6.4.8 Kuraray Co. Ltd
6.4.9 LCY GROUP
6.4.10 Ravago Group
6.4.11 RTP Company
6.4.12 Trinseo
6.4.13 TSRC
6.4.14 Versalis SpA (Eni SpA)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Demand Due to Use as Replacement for PVC in Various Applications
Styrene Ethylene Butylene Styrene (SEBS) Industry Segmentation
Styrene-ethylene-butylene-styrene, also known as SEBS, is an important thermoplastic soft elastomer (TPE) that behaves like rubber without undergoing vulcanization. The market segmentation includes form, application, and geography. By form, the market segmentation includes pellets and powder. By end-user industry, the market is segmented into footwear, adhesives, and sealants, plastic, automotive, sporting and toys, electrical and electronics, and other applications. The report also covers the market size and forecasts for the Styrene Ethylene Butylene Styrene (SEBS) market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).
| Form | |
| Pellets | |
| Powder |
| End-user Industry | |
| Footwear | |
| Adhesives and Sealants | |
| Plastics | |
| Roads and Railways | |
| Automotive | |
| Sporting and Toys | |
| Electrical and Electronics | |
| Other End-user Industries |
| Geography | |||||||
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Styrene Ethylene Butylene Styrene (SEBS) Market Research FAQs
How big is the Styrene-ethylene-butylene-styrene (SEBS) Market?
The Styrene-ethylene-butylene-styrene (SEBS) Market size is expected to reach 358.06 kilotons in 2024 and grow at a CAGR of 7.80% to reach 521.26 kilotons by 2029.
What is the current Styrene-ethylene-butylene-styrene (SEBS) Market size?
In 2024, the Styrene-ethylene-butylene-styrene (SEBS) Market size is expected to reach 358.06 kilotons.
Who are the key players in Styrene-ethylene-butylene-styrene (SEBS) Market?
Kraton Corporation, Kuraray Co., Ltd., TSRC Corporation, Celanese and China Petrochemical Corporation (Sinopec Corp.) are the major companies operating in the Styrene-ethylene-butylene-styrene (SEBS) Market.
Which is the fastest growing region in Styrene-ethylene-butylene-styrene (SEBS) Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Styrene-ethylene-butylene-styrene (SEBS) Market?
In 2024, the Asia Pacific accounts for the largest market share in Styrene-ethylene-butylene-styrene (SEBS) Market.
What years does this Styrene-ethylene-butylene-styrene (SEBS) Market cover, and what was the market size in 2023?
In 2023, the Styrene-ethylene-butylene-styrene (SEBS) Market size was estimated at 332.15 kilotons. The report covers the Styrene-ethylene-butylene-styrene (SEBS) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Styrene-ethylene-butylene-styrene (SEBS) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Styrene Ethylene Butylene Styrene Industry Report
Statistics for the 2024 Styrene Ethylene Butylene Styrene market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Styrene Ethylene Butylene Styrene analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
