Press release
Styrenic Block Copolymer Market 2023 Key Players BASF, Zeon Corporation, Kraton Corporation, SINOPEC, Versalis, Styrolution
Strong application potential in footwear, wires & cables, adhesives & sealants and paving & roofing owing to their mechanical and physical properties may drive styrenic block copolymer market. These polymers are extensively used for high performance and low cost owing to bulk usage.
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Styrenic block copolymer are widely used in manufacturing landing zone, leg elastics, waist bands, tabs and ear/ side panels in baby diapers. Diaper manufacturers adoption of elastomeric materials including SIS, SEPS, SEBS, SBS and SEEPS to improves comfort and fit of diapers should have positive influence on industry growth.
Growing SBC demand in medical sector to replace polyvinyl chloride pertaining to health and environmental hazards supported by FDA and U.S. Pharmacopoeia approval to use this material in medical sector may favor industry growth. These copolymers are suitable in manufacturing medical tubing, bags and syringes. Key properties of SBC include design versatility, crystal clarity, sterlizable by gamma rays, thermal stability and high resistance should boost product demand.
SBC market from footwear application is estimated to exceed USD 2.05 billion at the end of 2023. Rise in economic standards has led to increase in reliable and comfortable footwears thereby promoting product demand. SBC are widely used in shoe sole for durability.
Natural gas and crude oil are essential feedstock for SBC production. Fluctuating raw material prices due to political unrest and wide applications in other industries may hamper industry profitability thereby affecting SBC market price trend.
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China styrenic block copolymer market may surpass USD 2.5 billion within the forecasted timeframe. Supporting regulatory norms along with rising investments in manufacturing sector owing to rapid industrialization and availability of skilled labor is likely to drive regional industry growth.
U.S. styrenic block copolymer market may register gains close to 4%. FDA approvals to use these materials in medical equipment may favor industry growth. Positive outlook towards automotive and infrastructure industry due to rising living standards may propel industry growth.
Growing footwear sales due to change in buying pattern and trend to customize footwear for diverse purpose accompanied with high demand from paving and roofing industry mainly in Saudi Arabia in may boost styrenic block copolymer demand in Middle east region. This region may witness gains at over 5% by 2023.
Paving & roofing application may poise to surpass USD 3 billion up to 2023.Shifiting consumer preferences towards customized interiors supported by rise in various remodeling and renovation projects should contribute towards styrenic block copolymer demand.
Global styrenic block copolymer market share is moderaterly consolidated. Major players operating in this industry includes Kraton, Dynasol LCY Chemicals, Sinopec, Zeon Coporation, Versalis, BASFChi Mei Corp, Styrolution LG Chemicals, Asahi Kasei, Eu Chuan, Chevron Philips, and JSR Corporation.
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Chapter 2. Executive Summary
2.1. SBC Industry 3600 synopsis, 2012 – 2023
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Regional trends
Chapter 3 Styrenic Block Copolymers (SBC) Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2012 - 2023
3.3 Industry ecosystem Analysis
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.1.1 Positive application scope in medical/healthcare sector
3.4.1.2 Rise in baby diapers demand
3.4.1.3 Increasing application scope in footwear sector
3.4.2 Industry pitfalls & challenges
3.4.2.1 Volatile raw material prices
3.5 Growth potential analysis
3.5.1 Growth potential analysis
3.5.1.1 strong focus on R&D towards developing renewable/sustainable thermoplastic elastomers inclduing SBCs
3.6 Porter’s analysis
3.7 Global styrenic block copolymers capacity by region, 2010 - 2015
3.8 Global styrenic block copolymers capacity by major company, 2010 – 2015
3.9 Company market share analysis, 2015
3.10 PESTEL Analysis
Chapter 4 Styrenic Block Copolymers (SBC) Product Insights
4.1 SBC market volume share by product, 2015& 2023
4.2 Styrene-butadiene-styrene (SBS)
Chapter 5 Styrenic Block Copolymers (SBC) Application Insights
5.1 Global SBC market volume share by application, 2015 & 2023
5.2 Paving and Roofing
5.3 Footwear
5.4 Advanced Materials
5.5 Adhesives, Sealants and Coatings
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