Global Styrenic Block Copolymers Market, By Product (Styrene-Butadiene Styrene, Styrene-Isoprene-Styrene, Hydrogenated Styrenic Block Copolymer), Application (Asphalt Modification, Footwear, Polymer Modification, Adhesives & Sealants, Wires & cables, Medical Devices, Others), End- User (Construction, Rubber, Electrical & electronics, Polymer Manufacturing, Healthcare Industry, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Styrenic Block Copolymers Market
Styrenic block copolymers market will grow at a rate of 4.55% for the forecast period of 2021 to 2028. Rise in the demand for advanced material in construction industry acts as a vital factor driving the growth of pigment dispersion market.
Styrenic block copolymers are defined as high-performance thermoplastic elastomers that are specially used to improve the application and performance of the products. Styrene-butadiene styrene, hydrogenated styrenic block copolymer and styrene-isoprene-styrene are some of the common types of the SBC. They usually have high thermal stability, crystal clarity, high resistance and indicate no cytotoxic or mutagenic potential. They are extensively used in applications such as, footwear, polymer modification, wires and cables, medical devices among others.
Rise in the strict government regulation to decrease the use of PVC is the vital factor escalating the market growth, also rise in the application in bitumen modification, rise in the resistance and thermal stability of SBC, rise in the environmental concerns coupled with low cost of SBC replacing application of rubber, PVC, and other thermoplastics in numerous industrial applications are the major factors among others driving the styrenic block copolymers market. Moreover, rise in the research and development activities in the market and increase in the technological advancements and modernization in the production techniques will further create new opportunities for the styrenic block copolymers market in the forecast period of 2021- 2028.
However, rise in the fluctuation in the cost of raw material and low resistance of styrenic block copolymers to hydrocarbons are the major factor among others acting as a restraint, and will further challenge the growth of styrenic block copolymers market in the forecast period mentioned above.
This styrenic block copolymers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on styrenic block copolymers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Styrenic Block Copolymers Market Scope and Market Size
Styrenic block copolymers market is segmented on the basis of product, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product, the styrenic block copolymers market is segmented into styrene-butadiene styrene, styrene-isoprene-styrene and hydrogenated styrenic block copolymer.
- Based on application, the styrenic block copolymers market is segmented into asphalt modification, footwear, polymer modification, adhesives & sealants, wires & cables, medical devices and others.
- The styrenic block copolymers market is also segmented on the basis of end-user into construction, rubber, electrical & electronics, polymer manufacturing, healthcare industry and others.
Styrenic Block Copolymers Market Country Level Analysis
Styrenic block copolymers market is analysed and market size, volume information is provided by country, product, application and end-user as referenced above.
The countries covered in the styrenic block copolymers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the styrenic block copolymers market due to rise in the application in bitumen modification, rise in the resistance and thermal stability of SBC, rise in the environmental concerns coupled with low cost of SBC replacing application of rubber, PVC, and other thermoplastics in numerous industrial applications in this region.
The country section of the styrenic block copolymers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Styrenic Block Copolymers Market Share Analysis
Styrenic block copolymers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to styrenic block copolymers market.
The major players covered in the styrenic block copolymers market report are KUMHO PETROCHEMICAL., TSRC, CHIMEI, LCY GROUP, China Petrochemical Corporation, Eastman Chemical Company, JSR Corporation, INEOS, ZEON CORPORATION, Chevron Phillips Chemical Company LLC, LG Chem, Asahi Kasei Corporation, BASF SE, KRATON CORPORATION, Denka Company Limited., Dow, KRAIBURG TPE GmbH & Co. KG, Ravago Manufacturing India Pvt, Versalis S.p.A. and Dynasol Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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