Styrene Ethylene Butylene Styrene (SEBS) Market - Segmented by Form, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)


NOV 2018

Styrene Ethylene Butylene Styrene (SEBS) Market - Segmented by Form, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The Global Styrene Ethylene Butylene Styrene (SEBS) Market is expected to register an estimated CAGR of 3.91% over the forecast period 2018-2023. The major factors driving the growth of the market is rising demand from the adhesive & sealant industry. Growing use of SEBS in products, such as, tapes, labels, and other construction-based adhesives has facilitated the market growth in the particular industry. On the flipside, factors, stringent government regulation and volatility in crude oil prices, are expected to hinder the market growth.

Rising Demand from Automobile Industry

The usage of styrene ethylene butylene styrene (SEBS) in automobile industry has increased rapidly in the past few years. The rise in usage is mainly due to its manufacturing flexibility, durability, ease of processing and low cost of production. SEBS has high temperature, chemical and weather resistance, which are majorly required for sealing applications in automotive industry. In addition, it also has high abrasion, wear, scratch resistance and provides superior protection from ageing caused due to UV, and ozone as compared to conventional polymeric materials such as thermoset rubber and ethylene propylene diene monomer rubber. This in turn has increased the consumption of SEBS in the automotive industry.

Increasing Usage in Adhesives and Sealants Industry

SEBS (specially the powdered form) is used extensively in adhesive, sealant, and coating applications. They are widely utilized to manufacture high-end adhesives and sealants, by working with petroleum resins like C5 resin. They are used in adhesive layer of protective films, adhesive for tape and labels and can be used to improve flexibility of sealants and coatings as well. Additionally, the construction sector is booming in India, China, and Southeast Asia owing to growing investment in infrastructure projects and demand for more housing. Growing population and increased demand from adhesive, sealant and coating applications are expected to fuel the growth of the global SEBS market. 


Asia-Pacific to Dominate the Market

Asia-Pacific is expected to dominate the styrene ethylene butylene styrene market during the forecast period. China is one of the largest SEBS consumer in the world. It is 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. SEBS is used in the production of toys and can replace PVC for the production of doll heads. The substitution of PVC is likely to drive the SEBS market in the coming years. The adhesives market in India is growing at the rate of 4.9%, which is the highest among all Asia-Pacific regions. On account of the continuously growing building & construction sector, increasing demand for packaging materials in the food & beverage industry and the growing furniture industry, market for SEBS-based adhesives is expected to rapidly increase.

Key Developments in the Market

May, 2016: Ravago, with its expertise in polymer distribution, recycling, compounding, resale, and construction materials, expanded its chemical distribution throughout North America and Europe, and the Middle East & Africa.

Major Players: Eni S.p.A, Lee Chang Yung Chemical Industry Corp., Dynasol Elastomers, Keyuan Petrochemicals, Kumho Petrochemical Co. Ltd. and  JSR Corporation among others.

Styrene Ethylene Butylene Styrene Market Report Summary




Styrene Ethylene Butylene Styrene Market

Study Period

(2016 – 2023)

Largest Market Share by Region


Companies Covered

Eni S.p.A, Lee Chang Yung Chemical Industry Corp., Dynasol Elastomers, Keyuan Petrochemicals, Kumho Petrochemical Co. Ltd. and  JSR Corporation among others.

Report Offerings

Styrene Ethylene Butylene Styrene Market offers latest trends, growth prospects, industry competitiveness, major players, value/supply chain, regional market share and forecast to 2023.

Reasons to Purchase this Report

  • Identify the current and future prospects of the Styrene Ethylene Butylene Styrene Market in the developed and emerging markets
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Information about the growth of the various segments that are expected to dominate the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support along with the Market Estimate sheet (in excel)

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

1. Introduction

1.1 Scope of the Report

1.2 Study Assumptions

1.3 Study Deliverables

1.4 Research Phases

2. Executive Summary

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

                3.3 Feedstock Analysis

     3.3.1 Key Feedstock Analysis

     3.3.2 Trends

                3.4 Supply Scenario

                                3.4.1 Capacity and Production Analysis

                           Major Plants and Locations

4. Market Dynamics

                4.1 Drivers

    4.1.1 Rising Demand from the Adhesive & Sealant Industry

    4.1.2 Growing Demand from Automobile Industry

    4.1.3 Growing Demand in for Electrical Components In Construction Sector

                4.2 Restraints

                4.3 Opportunities

                                4.3.1 Rising Demand as a Replacement Of PVC in Various Applications

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

                5.1 By Form

                                5.1.1 Pallets

                                5.1.2 Powder

                5.2 By End-user Industry

                                5.2.1 Footwear

                                5.2.2 Adhesives & Sealants

                                5.2.3 Plastic Modification

                                5.2.4 Bitumen Modification

                                5.2.5 Automotive

                                5.2.6 Sporting & Toys

                                5.2.7 Electrical & Electronics

                                5.2.8 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)

                6.1 Asia-Pacific

                                6.1.1 China

                                6.1.2 India

                                6.1.3 Japan

                                6.1.4 South Korea

                                6.1.5 Taiwan

                                6.1.6 ASEAN Countries

                                6.1.7 Rest of Asia-Pacific

                6.2 Europe

                                6.2.1 Germany

                                6.2.2 United Kingdom

                                6.2.3 Italy

                                6.2.4 France

                                6.2.5 Spain

                                6.2.6 Russia

                                6.2.7 The NORDIC Countries

                                6.2.8 Rest of Europe

                6.3 North America

                                6.3.1 United States

                                6.3.2 Canada

                                6.3.3 Mexico

                                6.3.4 Rest of North America

                6.4 South America

                                6.4.1 Brazil

                                6.4.2 Argentina

                                6.4.3 Rest of South America

                6.5 Middle East & Africa

                                6.5.1 South Africa

                                6.5.2 Saudi Arabia

                                6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape

                8.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

                8.2 Market Share Analysis**

                8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

  9.1 Kraton Polymers

  9.2 Sinopec

  9.3 Kuraray Co. Ltd.

  9.4 Eni SpA


  9.6 Trinseo

  9.7 Ravago Group

  9.8 General Industrial Polymers

  9.9 TSRC Corporation

  9.10 Asahi Kasei Corporation

  9.11 JSR Corporation

  9.12 Formosa Plastics

                *list not exhaustive

10. Disclaimer

**subject to availability on public domain

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