Styrenic Block Copolymers (SBCs) Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
Styrenic Block Copolymers, short as SBCs, are high-performance thermoplastic elastomers engineered to enhance the performance capabilities of a wide spectrum of end products and applications. Its versatility in compounding enables extensive tuning of product properties, which allows the market to keep growing into new directions.
SBCs are copolymers of styrene with butadiene, isoprene, or others. SBS, SIS, and SEBS are the common copolymers, and SEBS is the hydrogenated styrene butadiene styrene.
The technical barriers of SBCs are relatively high, resulting in high level concentration degree. The manufacturing bases scatter around the world, mainly concentrating in Korea, China, Japan and USA. The key companies in SBCs market include Kraton, Dynasol, LG Chem, LCY, TSRC, Sinopec, Versalis, CNPC, and Keyuan. In 2015, the demand for SIS/SEBS in all regions is leveling off. Looking toward 2016, the demand for special SBS products in the high added-value application market is still good, and the demand for SIS/SEBS will gradually improve along with the global economy. The demand for these products will grow steadily.
SBCs are widely used in adhesives, sealants, polymer, paving and roofing, coatings, candle and personal care applications and others. In 2014, SBCs for footwear industry and asphalt modifier consumption occupy more than 50% of total amount. In recent years, China has become the largest world market for SBCs, surpassing North America and Europe. China is the leading footwear producer in the world, followed by India. The growing footwear industry in China, India and Thailand, and increasing consumption in polymer modifier and asphalt modifier is expected to boost the demand for SBCs over the forecast period. Therefore, increasing demand for SBCs is expected to support the growth over forecast period. SBCs industry will usher in a stable growth space.
The Global Styrenic Block Copolymers (SBCs) Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Styrenic Block Copolymers (SBCs) Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Kraton
Dynasol
Versalis
Kuraray
Asahi Kasei
Kumho Petrochemical
LG Chem
LCY
TSRC
Sinopec
CNPC
Keyuan
Jusage
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
SBS
SIS
SEBS
Other
In Market segmentation by applications :
Footwear Industry
Roofing
Paving
Personal Care
Packaging & Industrial Adhesives
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Styrenic Block Copolymers (SBCs) Market for the forecast period 2023 - 2030?
• What are the driving forces in the Styrenic Block Copolymers (SBCs) Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Styrenic Block Copolymers (SBCs) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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