The global styrenic block copolymer market size is anticipated to reach USD 10.88 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 6.76% over the forecast period. Developments in the manufacturing and construction sector are projected to impact the demand positively. Styrenic block copolymer (SBC) is commonly used for manufacturing sealants, hot-melt adhesives, gasket materials, toy products, rubber bands, shoe soles, and also used in bitumen products for roofing and road paving.
Asia Pacific accounts for the largest market share in terms of revenue owning to exponential increase in population in countries such China and India. High demand for affordable housing and government schemes promoting basic amenities such as food and shelter are also major factors driving the expansion of the construction industry. Furthermore, stringent regulations and growing consumer awareness regarding their carbon footprints are expected to foster green buildings, which is a major end user of sustainable and lightweight materials such as SBCs.
These copolymers are the largest consumed member of the thermoplastic elastomers (TPE) family. SBCs are used for a variety of applications wherein high-performance polymers are required. These polymers have properties similar to that of rubber but they process like polymers. In addition, SBCs are the lowest priced thermoplastic elastomers owing to their bulk consumption as compared to other members of the TPE family, which will drive the market over the forecast period.
Compounding SBC polymers with other copolymers and polyolefins can produce equally significant improvements in film properties such as greater puncture resistance, improved stress cracking resistance, and elastic recovery. Prominent trends include customized nanostructured surfaces, weight reduction, improvement in application performance and safety, and tailoring of commodity plastics to meet customers’ needs and applications.
Recent advances in the polymerization techniques have led to the development of elastomeric block copolymers produced with polyStyrenic and polymerized soy-derived triglycerides. While the past two decades of plant-oil based polymer research has yielded only thermosets, the newly produced polymers are thermoplastic elastomers that can be processed at high temperatures.
Further key findings from the study suggest:
- The global styrenic block copolymer market was valued at USD 6.88 billion in 2018 and is expected to grow at a CAGR of 6.76% from 2019 to 2025
- Rising demand for environment-friendly and energy saving products and solutions is expected to drive the market
- Styrene-butadiene-styrene (SBS) occupied the largest revenue share on account of its higher price and increasing usage in footwear, adhesives and sealants, and paving and roofing
- Asia Pacific emerged as the largest and fastest-growing market for SIS owing to rapid expansion in the construction sector. This can be attributed to government schemes promoting basic amenities and growing need for affordable housing
- Companies are undertaking research and development activities to develop new products with enhanced properties to sustain market competition and changing end-user requirements. Some of the popular technologies are anionic polymerization and high melt flow polymerization
- Key players include BASF SE, Zeon Corporation., Versalis S.p.A., Ineos Styrolution, Denka, Eastman Chemical Company, LG Chemicals, Asahi Kasei Corporation, Chevron Phillips Corporation, China Petrochemical Corporation, En Chuan Chemical Industries Co., Ltd., and JSR Corporation.
Access full research report on global styrenic block copolymer market:
www.grandviewresearch.com/industry-analysis/styrenic-block-copolymers-sbcs-industry
Styrenic Block Copolymer market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Styrenic Block Copolymer market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Styrenic Block Copolymer market is segmented into:SEBSSISOtherDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60348/global-china-styrenic-block-copolymer-2026-689Segment by Application, the Styrenic Block Copolymer market is segmented into:Paints & CoatingsAdhesivesOtherRegional and Country-level Analysis:The Styrenic Block Copolymer market is analysed and market size information is provided by regions (countries).The key regions covered in the Styrenic Block Copolymer market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Styrenic Block Copolymer Market Share Analysis:Styrenic Block Copolymer market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
COVID-19 Impact Analysis on Medical Styrenic Block Copolymer Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the medical styrenic block copolymer market include INEOS Styrolution Group, JSR Corporation, TSRC Corporation, Zeon Corporation, and Kraton Corporation.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Medical Styrenic Block Copolymer Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/medical-styrenic-block-copolymer-market/download-sampleMarket DynamicsStyrenic block copolymer’s exceptional properties make them most viable for medical uses.
SBC offers excellent strength and elasticity, superior temperature resistance, enhanced precision chemistry, and property control that meets FDA clearances for various food and medical packaging applications and is Compatible with many polyolefins, styrenics, and resins.
However, the unstable price of crude oil has a significant impact on the cost of styrenic block copolymers.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
