Global Styrenic Block Copolymer (SBC) Market 2017-2021

Global Styrenic Block Copolymer (SBC) Market Outlook

As per Technavio's global styrenic block copolymer (SBC) market research report the rising consumption rates of SBC in the healthcare industry will be one of the major factors that will have a positive impact on the growth of the market. Technavio's styrenic block copolymer (SBC) industry analysis predicts that this market will grow at a CAGR of more than 5% by 2021. The characteristics such as biodegradability, low drug absorption, high resilience, toughness, optical clarity, and process stability drives the SBCs market demand in the healthcare sector. These copolymers are increasingly used as substitutes of PVC in many tubing applications. Innovations and advancements in the medical sector and the increasing need for enhanced bio-degradable thermoplastic elastomers to manufacture medical bags, medical tubing, and syringes are driving the adoption of SBC in the medical sector.

In terms of geographic regions, APAC will be the major revenue contributor of the SBC market throughout the forecast period. 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 styrenic block copolymer (SBC) market growth in APAC.

Competitive landscape and key vendors

The SBC market consists of numerous global vendors with a wide geographical presence and large production facilities located globally.  The competitive environment in the market will increase with the rise in product extensions based on innovations in technology. Though small and medium vendors are introducing innovative features, the prominent players will have a solid presence in the market during the forecast period.

The leading vendors in the market are ?

• China Petrochemical Corporation
• Dynasol
• LCY Group
• PolyOne
• TSRC

The other prominent vendors in the market are ZEON CHEMICALS, LG Chemicals, Chevron Phillips, En Chuan Chemicals, JSR Corporation, Eastman Chemical, and Kumho petrochemicals.

Segmentation by product type and analysis of the SBC market

• Styrenic-Butadiene-Styrenic (SBS)
• Hydrogenated styrenic block copolymers (HSBC)
• Styrene-isoprene-styrene (SIS)

During 2016, the SBS segment accounted for the major shares of this market. Factors such as the growth in adhesive and compounding applications and the high adoption of polymer-modified asphalt for paving and roofing applications will contribute to the growth of the styrenic-butadiene-styrenic block copolymer market in the coming years.

Segmentation by application and analysis of the SBC market

• Paving and roofing
• Footwear
• Advanced material

As per this market research report, the paving and roofing application segment will hold the maximum share of the SBC market until 2021. The increasing usage of SBC for bitumen modification, growth in global population and high infrastructural investments will drive the growth of the market in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global styrenic block copolymer (SBC) market?
• What are the key market trends impacting the growth of the global styrenic block copolymer (SBC) market?
• What are the challenges to market growth?
• Who are the key vendors in the global styrenic block copolymer (SBC) market?
• What are the market opportunities and threats faced by the vendors in the global styrenic block copolymer (SBC) market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global styrenic block copolymer (SBC) market?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the chemicals and materials industry follow an exhaustive process of data collection methodology and present an analysis of fast growing market subdivisions like plastics, polymers, and elastomers. This upcoming market research report on the global styrenic block copolymer market offers detailed insights into the major trends and evolving drivers inducing the growth of the plastics, polymers, and elastomers industry.

Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep up-to-date with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various plastics, polymers, and elastomers products and services and offers an all-inclusive picture of the global styrenic block copolymer market for the estimated period of 2017-2021.

According to our market research experts, growing demand from healthcare sector may influence the demand for styrenic block copolymer in the coming years. This upcoming market research report on the global styrenic block copolymer market also covers vendors like Lee Chang Yung, Sinopec, Kraton, TSRC, Dynasol Elastómeros and Versalis. Moreover, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global styrenic block copolymer market also covers geographies like the Americas, APAC, and EMEA

The upcoming industry research report for global styrenic block copolymer market also categorizes the growth drivers, latest trends, as well as the constraints that the plastics, polymers, and elastomers sector currently experiences. It also presents key insights into the rapidly changing competitive landscape to give clients a realistic picture of the upcoming events within the chemicals and materials industry. Technavio also provides insights into the sectors such as specialty chemicals and metals and minerals.

Our market research methodology for the styrenic block copolymer market

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