Jan 6, 2023   SOURCE: BusinessWire

$10.4 Billion Worldwide Styrenic Block Copolymer Industry to 2027 - Featuring BASF, China Petroleum, JSR and Kraton Among Others - ResearchAndMarkets.com

The "Styrenic Block Copolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global styrenic block copolymer market size reached US$ 7.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 10.4 Billion by 2027, exhibiting a CAGR of 5.6% during 2021-2027.

Companies Mentioned

  • Asahi Kasei Corporation
  • BASF SE
  • Chi Mei Corporation
  • China Petroleum
  • Chemical Corporation
  • Denka Company Limited
  • En Chuan Chemical Industries Co.
  • INEOS Styrolution Group GmbH
  • JSR Corporation
  • Kraton Corporation
  • Kumho Petrochemical Co. Ltd.
  • Lee Chang Yung Chemical Industry Corp.
  • TSRC Corporation
  • Versalis S.p.A.
  • Zeon Corporation

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Styrenic block copolymers (SBCs) which combine the properties of a thermoplastic resin and an elastomer, are a type of block copolymers having an elastomeric central arrangement and polystyrene based end-segments. The central blocks can be composed of rubbery polymers, including polyisoprene, polybutadiene and ethylene-butene copolymer, and offer viscoelastic properties.

These polymers can be manufactured using different configurations, however, di-block, linear as well as multi-block are the most common configurations. At present, SBCs find extensive applications in polymer modification, paving & roofing, and hot-melt pressure-sensitive adhesive (PSA) products, such as tapes and labels.

The growth of the market can be accredited to the expanding applications of SBC in different sectors. For instance, it is used to enhance the performance and reduce the overall production cost of sealants, gasket materials, rubber bands, toy products and shoe soles.

Moreover, it is adopted in formulating diaper adhesives and elastic films. It is also gaining traction as an impact modifier and toughener in plastics and adhesives. Besides this, SBS modified bitumen is widely utilized in road paving and roofing applications.

The increasing number of construction activities, in confluence with the rising focus of several countries on upgrading existing infrastructure, is also contributing to the market growth.

Additionally, as SBC offers flexibility, resilience, strength and durability, it is finding utilization in medical bags, flexible films and tubing for intravenous (IV) systems, peristaltic pump systems, home care equipment and other drug delivery systems. The rising demand for these medical supplies is anticipated to drive the market growth in the coming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global styrenic block copolymer market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and application.

Breakup by Type:

  • Styrene-Butadiene-Styrene (SBS)
  • Styrene-Isoprene-Styrene (SIS)
  • Hydrogenated SBC (HSBC)
  • Others

Breakup by Application:

  • Asphalt Modification
  • Adhesives and Sealants
  • Polymer Modification
  • Medical Devices
  • Wires and Cables
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Key Questions Answered in This Report:

  • How has the global styrenic block copolymer market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global styrenic block copolymer market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global styrenic block copolymer market and who are the key players?
  • What is the degree of competition in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/kzjjy5