Styrene Ethylene Butylene Styrene (SEBS) Market Trends, Growth, & Share-2031

(MENAFN- Straits Research) Introduction

The important thermoplastic elastomer (TPE) known as SEBS, or styrene-ethylene-butylene-styrene, imitates rubber behavior without vulcanization. SEBS is incredibly easy to process, strong and flexible and has excellent heat and UV resistance. It is utilized in various applications in place of PVC and will probably grow in demand, creating new opportunities for the market over the forecast period.

Market Dynamics

Rising Demand from the Adhesive and Sealant Industry Drives the Global Market

The global adhesive and sealant market is primarily driven by applications in the paper and packaging, healthcare and hygiene, consumer goods, automotive, and construction industries. Recent worldwide health crises and the development of infectious diseases have raised the demand for medical and hygiene goods such as personal protective equipment (PPE), health products, masks, ventilators, personal care items, and paper goods.

Due to the growing need for packaging materials in the FMCG and e-commerce sectors, as well as for medical structures and personal protective equipment (PPE) in the healthcare industry, India and China are likely to see a considerable increase in adhesive demand in the future years. Styrene ethylene butylene styrene is used in most adhesive and sealant products, such as tapes, labels, and other construction-based adhesives. The water-solvent borne property of styrene ethylene butylene styrene includes flexibility, high cohesion, and peel strength.

Growing Demand in the Construction Sector for Electrical Components Creates Tremendous Opportunities

SEBS provides the roof coating system with various crucial benefits because of its incredibly versatile nature. When fixing or repairing a roof made of other materials, styrene can be used as a stop-gap or as the topcoat on new commercial roofing texture and structure. EPDM, granular surfaced SBS modified bitumen, PVC, smooth-surfaced asphalt BUR, galvanized metal, plywood, TPO, smooth-surfaced coal tar pitch BUR, spray polyurethane foam, and concrete are some roofing materials that allow a top coating of SEBS.

Compared to other fluid-applied coatings like acrylic or silicone-based solutions, SEBS roofing materials are far more durable. They can survive more harsh weather conditions and foot traffic due to their toughness before succumbing to wear and tear. SEBS also provides a rapid fix or a long-lasting, weatherproof treatment, extending the roofing system's life. It is projected that factors such as shifting consumer preferences for more excellent living standards, rapid adoption of smart roofing technologies, and rising awareness of building longevity will increase demand.

Regional Analysis

Asia-Pacific is the most significant shareholder in the global styrene ethylene butylene styrene (SEBS) market and is expected to grow at a CAGR of 8.80% during the projection period. Applications for Styrene Ethylene Butylene Styrene (SEBS) include attaching automotive plastic components, electrical and electronics, plastic modification, footwear, adhesives and sealants, and many more. According to reports, Asia produces nine out of 10 pairs of shoes, with China being the region's largest market. The footwear sector has had a substantial slowdown recently, but growth is anticipated to pick up during the projected period.

North America is anticipated to grow at a CAGR of 7.00% over the forecast period. To guarantee that they produce top-notch shoes on schedule, footwear firms invest millions of dollars yearly in their staff, stores, and platforms. The country's expanding footwear industry is predicted to help the SEBS market during the projection period. The nation's market for adhesives and sealants is propelled by strong demand from the food and beverage sector and other non-food product industries. Consumers are increasingly ordering groceries, food, cosmetics, personal care, clothes, and other things online due to a high internet penetration rate and the growing demand for convenience.

Key Highlights

• The global styrene ethylene butylene styrene (SEBS) market was valued at 268.53 kilotons in 2021. It is projected to reach 510.22 kilotons by 2030, growing at a CAGR of 7.2% during the forecast period (2022-2030).
• Based on form, the global styrene ethylene butylene styrene (SEBS) market is bifurcated into pellets and powder. The powder segment is the highest contributor to the market and is expected to grow at a CAGR of 8.25% during the forecast period.
• Based on end-user industry, the global styrene ethylene butylene styrene (SEBS) market is bifurcated into footwear, adhesives and sealants, plastics, roads and railways, automotive, sporting and toys, electrical and electronics, and other end-user industries. The adhesives and sealants segment owns the highest market share and is expected to grow at a CAGR of 6.85% during the forecast period.
• Asia-Pacific is the most significant shareholder in the global styrene ethylene butylene styrene (SEBS) market and is expected to grow at a CAGR of 8.80% during the projection period.

Competitive Players

Competitive Players

The global styrene ethylene butylene styrene (SEBS) market's major key players are Asahi Kasei Corporation, Celanese Corporation, Dynasol Group, Versalis SpA (Eni SpA), General Industrial Polymers, JSR Corporation, Kraton Corporation, Kuraray Co. Ltd, LCY Group, Ravago, RTP Company, China Petrochemical Corporation (Sinopec Corp.), and Trinseo, TSRC.

Recent Developments

Market News

• In May 2022, Jesus Eduardo Ibarra, an expert in Dynasol A&S, attended the "in-adhesives symposium 2022" in Munich on May 12 and 13. The company's latest SEBS for low-melt-viscosity hot-melt adhesives for industry and medicine was presented. There are many applications for HMPSA, including clear tapes and labels, medical tapes, bandages, and paint protection films for cars. In addition, Dynasol SEBS grades aid in developing a sustainable HMPSA by reducing the energy required for processing at low temperatures.

Segmentation

Market Segmentation By Form

• Pellets
• Powder

By End-User Industry

• Footwear
• Adhesives and Sealants
• Plastics
• Roads and Railways
• Automotive
• Sporting and Toys
• Electrical and Electronics
• Other End-User Industries

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA

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