Styrene-based thermoplastic elastomers (also known as Styreneic Block Copolymers, abbreviated as SBCs) are the worlds largest thermoplastic elastomers currently with the most similar rubber properties. SBS styrenic thermoplastic elastomers are the most abundant (more than 70%) of SBCs with the lowest cost, and the widest range of applications.
Increasing geriatric population & the subsequent increase in healthcare facilities has driven the demand for medical equipment, devices & materials with high waterproofing capabilities to reduce the risk of contamination & epidemics. These factors have led to the increasing use of HSBC in medical devices to impart desirable properties such as long-lasting durability & pathogen-resistance. Increasing environmental concerns coupled with low cost of SBC have been replacing the application of PVC, rubber and other thermoplastics in many industrial applications. This factor is expected to drive the market over the foreseeable period. Asia Pacific has been the largest SBC market over the past few years on account of increasing application scope in roofing & paving, adhesives, sealants & coatings and medical sector in this region. The rise of China as a key manufacturer in the footwear segment and high infrastructural activities in APAC are the factors driving the demand for SBC. Also, the rise in consumption of baby diapers due to rise in the total birth rate will propel the market growth in APAC.
The Global Styrenic Block Copolymers (SBC) Market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
In the global Styrenic Block Copolymers (SBC) 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-
China Petroleum & Chemical Corporation
LCY Chemical Corp
Kraton Polymers
Dynasol
Baxter International
Polyone Corporation
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 :
Styrene-Butadiene Styrene (SBS)
Styrene-Isoprene-Styrene (SIS)
Hydrogenated Styrenic Block Copolymer (HSBC)
In Market segmentation by applications :
Paving & Roofing
Polymer Modified Bitumen
Adhesives & Sealants
Polymer Modification
Medical Devices
Wires & Cables
Footwear
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 (SBC) Market for the forecast period 2020 - 2026?
• What are the driving forces in the Styrenic Block Copolymers (SBC) Market for the forecast period 2020 - 2026?
• 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 (SBC) 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?