Styrene-Butadiene Styrene (SBS) block copolymer represents the most important type of Styrenic Block Copolymer (SBC), the widely consumed member of the thermoplastic elastomer (TPE) family.The applications of SBS are including Adhesives, Sealants, and Coatings, Asphalt Modification, Polymer Modification, Footwear, Cables & Wires, and Electric Appliances among others.

Styrenic block copolymer (SBC) market size is forecast to reach USD 10 billion valuation by 2023. Styrene butadiene styrene (SBS) market was a key product segment, valued at USD 4.5 billion in 2015.

Global demand for pressure sensitive adhesives market was valued at USD 6.20 billion in 2014, is expected to reach approximately USD 8.0 billion by 2020, growing at a CAGR of slightly above 5% between 2015 and 2020. In terms of volume, the global pressure sensitive adhesives market stood at around 2.65 million tons in 2014.

Global polymer modified bitumen (PMB) market size was estimated at USD 7.67 billion in 2014 and is expected to witness significant growth over the next seven years owing to its rising demand from various application industries including road construction, roofing, adhesives and coatings.

The global bitumen market size was USD 66.10 billion in 2015 and is expected to witness significant growth over the next eight years owing to increasing use in various applications including roadways, waterproofing, insulation, and adhesives.

Global adhesives and sealants market sizes were 9.39 million tons and 1.84 million tons in 2014 respectively. The growth of major end use industries such as packaging, construction and automotive is expected to be a major driving factor for the global industry.