GITNUX MARKETDATA REPORT 2024

Styrene Butadiene Styrene Industry Statistics

Statistics on the Styrene Butadiene Styrene (SBS) industry provide insights into market trends, production volumes, consumption patterns, and key players in the global market.

Statistic 1

"China is the leading producer of SBS, accounting for nearly 30% of global production."

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Statistic 2

"The automotive industry is the second-largest end-user of SBS, making up about 25% of demand."

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Statistic 3

"The estimated compound annual growth rate (CAGR) for the SBS market from 2021 to 2028 is around 6.5%."

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Statistic 4

"The adhesives and sealants industry consumes about 15% of the total SBS produced globally."

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Statistic 5

"SBS is used extensively in asphalt modification for road construction, contributing to about 20% of the market usage."

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Statistic 6

"The SBS market in North America accounted for roughly 20% of global revenue in 2020."

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Statistic 7

"The global SBS market is projected to reach over USD 9 billion by 2027."

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Statistic 8

"Major players in the SBS market include LG Chem, Versalis, and Sinopec."

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Statistic 9

"In 2020, Asia-Pacific held the largest SBS market share, contributing over 45% of global consumption."

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Statistic 10

"The market for SBS block copolymers in medical applications is growing steadily with a CAGR of about 5% from 2021 to 2026."

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Statistic 11

"SBS can be recycled and used in environmentally friendly products, leading to increased demand."

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Statistic 12

"SBS is widely used in the manufacturing of soles for footwear, making up around 10% of total SBS consumption."

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Statistic 13

"The global styrene butadiene styrene (SBS) market was valued at approximately USD 6 billion in 2020."

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Statistic 14

"SBS used for polymer modification accounted for approximately 12% of total consumption in 2020."

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Statistic 15

"Europe holds around 18% of the global SBS market share as of 2020."

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Statistic 16

"SBS provides enhanced impact resistance for products such as protective films and packaging materials."

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Statistic 17

"SBS is primarily used in the construction sector, accounting for around 35% of total consumption."

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Statistic 18

"SBS is often preferred over natural rubber in various applications due to its lower cost and similar properties."

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Statistic 19

"The roofing membranes segment within the SBS market is expected to grow significantly, driven by increased construction activities."

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Statistic 20

"Technological advancements and R&D investments are driving the development of more versatile SBS applications."

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