Key industry players in the Styrenic Block Copolymers market include Versalis SPA Company, Chi Mei Corporation, Zeon Corporation, Denki Company, Styrolution Company, BASF, Kumho Petrochemical Company, Chevron Phillips Chemical, LG Chemicals Company, En Chuan Chemical Industries Company Limited, Asahi Kasei Chemical Company, and JSR Corporation.
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Graphical Research presents a growth forecast statistics on “Styrenic Block Copolymer (SBC) Market Size By Product (Styrene-butadiene-styrene, Styrene-isoprene-styrene, Hydrogenated SBC), By Application (Paving & Roofing, Footwear, Advanced Materials, Adhesives, Sealants, Coatings), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Japan, Brazil), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024”.
The global styrenic block copolymer market is projected to surpass $10.5 bn by 2024. Expansion of healthcare and medical industries, rise in disposable income of consumers, a nd growing health awareness is projected to drive the industry share. These copolymers are primarily used to produce leg elastics, landing zone, ear panels, and waistbands in the baby diapers. Demand for comfort pertaining to baby diapers has encouraged manufacturers to use various SBC products such as SBS, SEPS, SEBS, SIS, etc. The use of SBC in manufacturing of medical bags, syringes, and medical tubing is predicted to further boost its demand over the coming nine years.
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SBC market is segmented in terms of products, applications, and regions. The product segment comprises hydrogenated SBC, styrene-isoprene-styrene (SIS), and styrene-butadiene-styrene (SBS). Hydrogenated SBC market is expected to record a CAGR of around 5.5% over 2018-2024 in terms of volume. The growth is primarily driven by the demand to obtain sustainable sealants & adhesives for construction industry.
The application segment comprises advanced materials, paving & roofing, coatings, adhesives, footwear, and sealants. SBC market size in footwear industry is anticipated to register a CAGR of around 4% over 2018-2024. The growth can be attributed to improvement in living standards accompanied by rising consumer demand for durable and comfortable footwear. Furthermore, high resilience property offered by SBC enables its prominent use in footwear applications.
Key industry players include Versalis SPA Company, Chi Mei Corporation, Zeon Corporation, Denki Company, Styrolution Company, BASF, Kumho Petrochemical Company, Chevron Phillips Chemical, LG Chemicals Company, En Chuan Chemical Industries Company Limited, Asahi Kasei Chemical Company, and JSR Corporation.
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Segments We Cover:
SBC Market Product Analysis (Volume: Kilo Tons, Revenue, USD Million)
SBS
SIS
HSBC
SBC Market Application Analysis (Volume: Kilo Tons, Revenue, USD Million)
Paving & Roofing
Footwear
Automotive
Advanced Materials
Adhesives, Sealants & Coatings
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SBC Market Regional Analysis (Volume: Kilo Tons, Revenue, USD Million)
North America
U.S.
Europe
Germany
France
UK
Italy
Asia Pacific
China
India
Japan
Latin America
Brazil
Middle East & Africa
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Source URL: https://marketersmedia.com/styrenic-block-copolymers-market-will-gain-45-to-reach-105-bn-by-2024/456241
Source: MarketersMedia
Release ID: 456241
