Global Styrenic Block Copolymers Market Trajectory & Analytics to 2027

Global Styrenic Block Copolymers Market Trajectory & Analytics to 2027: U.S. The market is Estimated at $2 Billion, China to Grow at 8% CAGR

Global Styrenic Block Copolymers Market to Reach $10.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Styrenic Block Copolymers estimated at US$7.3 Billion in the year 2020, is projected to reach a revised size of US$10.4 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027.

Styrene-Butadiene-Styrene (SBS), one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$7.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Styrene-Isoprene-Styrene (SIS) segment is readjusted to a revised 4.2% CAGR for the next 7-year period.

The U. S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 8% CAGR

The Styrenic Block Copolymers market in the U. S. is estimated at US$2 Billion in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Hydrogenated Styrenic Block Copolymers (HSBC) Segment to Record 6.2% CAGR

In the global Hydrogenated Styrenic Block Copolymers (HSBC) segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$773 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period.

China will remain among the fastest-growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027, while Latin America will expand at a 7.4% CAGR through the analysis period.