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Styrenic Block Copolymer (SBC) Market, by Regional Growth Factors, Trends & Analysis of Leading Players By 2024

Author : Rahul Varpe | Published Date : 2019-09-03 

Global Market Insights, Inc. has added a new report on Styrenic Block Copolymer (SBC) Market  that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape Industry in tandem with its competitive terrain.

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.

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High resistance, transparency, design versatility, exceptional thermal stability, easy sterilization by gamma irradiation and mutagenic potential are main features promoting industry growth. Key raw substances, natural gas and crude oil are involved in production of SBC(Styrenic block copolymer). Varying raw material costs due to political instability can adversely impact industry trend.

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.

Latin America and APAC Styrenic block copolymer (SBC) 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. SBS product 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.

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.

The industry is segmented into various applications like footwear application and roofing & paving application.Footwear application segment is predicted to register greater than 4% of CAGR by end of 2023. High resilience strength and material sustainability are few of the properties promoting the demand for this segment. Shift in purchasing trend and tendency to adapt footwear for different reasons is another key aspect driving the product demand.

Partial Chapter of the Table of Content:

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)

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

 

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Roofing & paving application segment was evaluated at more than $1.96 billion for 2015. Construction sector growth along with increasing customer choice for personalized home interiors are key driving aspects favorably influencing the segment.

Read More:

Beverage Containers Market Size Forecasts | Global Statistics Over 2019-2025

https://medium.com/@dipm97286/4-trends-that-will-be-shaping-beverage-containers-market-dynamics-during-2019-2025-89f95ad3ff2b

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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