Styrenic Block Copolymer Market Business Growth 2019-2023 By Regional Players
Category: #headlines  By Partha Ray  Date: 2019-09-20
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Styrenic Block Copolymer Market Business Growth 2019-2023 By Regional Players

APAC dominated Styrenic block copolymer market and was evaluated at more than $2.66 billion for 2015. China contributed maximum regional industry share during the year.Fast industrialization along with growth of production sector due to easy availability of skilled labor are main factors driving demand for compound. China is one of the key footwear producing nations succeeded by India. Growing SBC use in footwear is predicted to favorably affect industry growth in the region.

U.S. led the North American industry in terms of size. It is predicted to register more than 4.23% CAGR during forecast timeline. Approval given by FDA to use SBC in production of medical devices is key driving aspect stimulating product demand.

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Latin America and APAC styrenic block copolymer market share can grow substantially in terms of baby diaper use. Rise in population along with increase in disposable incomes is predicted to influence the regional industry growth.

Styrenic Block Copolymer (SBC) Market size over $10bn by 2023. Styrenic Block Copolymer(SBC) Market size was more than $1.96 million tons for 2015 and is predicted to register CAGR of more than 4.52% by end of forecast timeframe. Baby diapers industry size is predicted to cross $64.2 billion by end of 2023 from $39 billion for 2014, with projected profit at 6% by end of forecast timeframe. Rising baby healthcare issues along with rise in purchasing capacity are key aspects driving industry growth.

These are primarily utilized to produce tabs, waistbands, leg elastics ,side panels and landing zone in diapers. Enhanced comfort and best fit size of diaper due to elastomeric substances led producers to accept compounds like SEPS, SBS, SEBS, SEEPS and SIS which promoted demand for the product. Styrenic block copolymer (SBC)compounds contribute about 40% to 80% by mass of total baby diapers.

styrenic block copolymer market segment dominated the industry in terms of size and produced greater than $4.51 billion revenue for 2015. Rapid baby diaper segment growth and fast expansion of footwear section due to rising customer affordability are predicted to influence the demand of product.

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Hydrogenated product segment is predicted to acquire greater than 5.6% of growth in terms of size by end of 2023. Growing trend to obtain sustainable sealants & adhesives in construction sector is predicted to nurture the growth of the segment.

Partial Chapter of the Table of Content:

Chapter 4    Styrenic Block Copolymer Market Product Insights

4.1    SBC market volume share by product, 2015& 2023

4.2    Styrene-butadiene-styrene (SBS)

4.2.1    Market estimates & forecast, 2012-2023

4.2.2    Market estimates & forecast by region, 2012-2023

4.3    Styrene-isoprene-styrene (SIS)

4.3.1    Market estimates & forecast, 2012-2023

4.3.2    Market estimates & forecast by region, 2012-2023

4.4    Hydrogenated styrenic block copolymers (HSBC)

4.4.1    Market estimates & forecast, 2012-2023

4.4.2    Market estimates & forecast by region, 2012-2023

Chapter 5     Application Insights

5.1    Global SBC market volume share by application, 2015 & 2023

5.2    Paving and Roofing

5.2.1    Market estimates & forecast, 2012-2023

5.2.2    Market estimates & forecast, by region, 2012-2023

5.3    Footwear

5.3.1    Market estimates & forecast, 2012-2023

5.3.2    Market estimates & forecast, by region, 2012-2023

5.4    Advanced Materials

5.4.1    Market estimates & forecast, 2012-2023

5.4.2    Market estimates & forecast, by region, 2012-2023

5.5    Adhesives, Sealants and Coatings

5.5.1    Market estimates & forecast, 2012-2023

5.5.2    Market estimates & forecast, by region, 2012-2023

5.6    Others

5.6.1    Market estimates & forecast, 2012-2023

5.6.2    Market estimates & forecast, by region, 2012-2023

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Key industry players profiled in the report include Kraton Performance Polymers, En Chuan, Zeon Corporation, Asahi Kasei, Styrolution, Dynasol Elastomers, LCY Chemical Corporation,, LG Chemicals, Chi Mei Corporation, BASF, Versalis, TSRC, Momentive Specialty Chemicals, Chevron Phillips, JSR Corporation, Sinopec and Kumho Petrochemicals.

 

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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