LONDON--(EON: Enhanced Online News)--According to the latest market study released by Technavio, the global styrenic block copolymers (SBC) and its derivatives market is expected to grow at a CAGR of more than 5% during the forecast period.
“The consumption of SIS block copolymers is attributed to their minimal viscosity, exceptional strength, and minimal hardness for less complicated processing. They are widely used for manufacturing pressure-sensitive adhesives and road marking”
This research report titled ‘Global SBC and its Derivatives Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
APAC, EMEA, and the Americas are the three key regions highlighted in the report with APAC being the largest market for SBC and its derivatives. The region accounts for about half of the global consumption volume for these compounds. The increasing infrastructural developments and the emergence of China as a manufacturing hub are the major factors that are fueling the market growth in APAC.
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Based on product type, the report categorizes the global SBC and its derivatives market into the following segments:
Global SBS market
“The consumption share of SBS is the largest in the market due to its varied applications in the paving and roofing, footwear, and other applications. The growth in the end-user markets is the major factor that is fueling the demand and adoption of SBS. Also, the expansion of adhesive and compounding applications and the increased adoption of polymer-modified asphalt in paving and roofing applications are driving the consumption of these polymers,” says Swapnil Tejveer Sharma, a lead analyst at Technavio for research on plastics, polymers, and elastomers research.
Further, properties such as high surface friction coefficient, tensile strength, low-temperature behavior, workability, and electric properties make the product preferable for use in most end-user applications. SBS is used in roadways, pavements, and roofing portions in the construction projects.
Global SIS market
The global SIS market was valued at 212.1 kilo metric tons in 2015. It will reach 272.7 kilo metric tons by 2020, growing at a CAGR of 5.15%.
“The consumption of SIS block copolymers is attributed to their minimal viscosity, exceptional strength, and minimal hardness for less complicated processing. They are widely used for manufacturing pressure-sensitive adhesives and road marking,” says Swapnil.
Global SEBS market
The global SEBS market was valued at 198.2 kilo metric tons in 2015. It will reach 258.6 kilo metric tons by 2020, growing at a CAGR of 5.46%.
The market for SEBS is foreseen to grow considerably during the forecast period. This is attributable to their increased use in the production of advanced materials, personal care and hygiene products, and medical devices. Further, its use in the production of solvent-based adhesives and sealants owing to its ability to reduce the viscosity of the product is fueling the market growth. In 2015, Asahi Kasei expanded its production capacity of SEBS by 30% considering the prospects for the market growth during the forecast period.
Global HSBC market
The global HSBC market was valued at 63.4 kilo metric tons in 2015. It will reach 83.3 kilo metric tons by 2020, growing at a CAGR of 5.61%.
The market for HSBC is expected to grow at the fastest rate when compared with other products during the forecast period. The growth is attributable to the limited applications in various industrial and commercial sectors and its high cost of production. The major applications of these products include soft touch and flexible materials, personal care and hygiene products, medical products, auto components, and certain adhesives and sealants.
The top vendors highlighted by Technavio’s research analysts in this report are:
- LCY Chemical
Browse Related Reports:
- Global Hot Melt Adhesives Market 2016-2020
- Global Derivatives Market 2015-2019
- Global SBC Market 2015-2019
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