Styrene Block Copolymer and its Derivatives Market Global Market Size, Share, Development, Growth, and Demand Forecast, 2014–2024
Major factor being witnessed in the global SBC and its derivatives market is rising investment for innovation and technological advancements in product and process technologies. SBC and its derivatives are used in a wide range of applications in industrial and commercial sectors, due to their physical and chemical properties such as low drug absorption, biodegradability, optical clarity, toughness, and process stability.
SBC and its derivatives are the largest consumed member of thermoplastic elastomer (TPE) family. These are used for a variety of applications, which require high performance polymers. This is due to their properties, which are very similar to that of rubber such as excellent surface friction coefficient, low permanent deformation, great tensile strength, excellent low-temperature behavior, and good electric property. SBCs consumption is increasing due to their cost-effective nature, comparative to other TPEs.
On the basis of product, the SBC and its derivatives market is classified into styrene butadiene styrene (SBS), styrene isoprene styrene (SIS), styrene ethylene butylene styrene (SEBS), styrene ethylene propylene styrene (SEPS), and hydrogenated styrene block copolymer (HSBC). The SBS category holds a significant share in the market, due to its wide use in high-performance applications such as polymer modification, asphalt or bitumen modification, vulcanized compounding, and adhesives and sealants. This copolymer displays significant benefits in adhesive formulation, since it works efficiently at processing temperatures and acts like elastic rubber under standard application conditions.
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On the basis of industry, the SBC and its derivatives market is categorized into building and construction, footwear, polymer, packaging, and healthcare. Building and construction is expected to hold a significant share in the market, owing to rising usage of SBCs in paving and roofing in the construction industry. The demand for SBCs in the healthcare category is expected to witness a promising growth due to rising demand for medical equipment, devices, and materials with high waterproofing capabilities to reduce the risk of contamination.
Some of the major companies operating in the global SBC and its derivatives market include Asahi Kasei Group, Chevron Phillips Chemical Company LLC, BASF SE, CNPC, Eni S.p.A., Dynasol Group, LCY CHEMICAL CORP., Kraton Corporation, PolyOne Corporation, LG Chem., Taiwan Synthetic Rubber Corp., and SINOPEC.
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The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.
On the basis of product, the SBC and its derivatives market is classified into styrene butadiene styrene (SBS), styrene isoprene styrene (SIS), styrene ethylene butylene styrene (SEBS), styrene ethylene propylene styrene (SEPS), and hydrogenated styrene block copolymer (HSBC). The SBS category holds a significant share in the market, due to its wide use in high-performance applications such as polymer modification, asphalt or bitumen modification, vulcanized compounding, and adhesives and sealants. This copolymer displays significant benefits in adhesive formulation, since it works efficiently at processing temperatures and acts like elastic rubber under standard application conditions.
Request For Sample Pages : https://www.psmarketresearch.com/market-analysis/sbc-and-its-derivatives-market/report-sample
On the basis of industry, the SBC and its derivatives market is categorized into building and construction, footwear, polymer, packaging, and healthcare. Building and construction is expected to hold a significant share in the market, owing to rising usage of SBCs in paving and roofing in the construction industry. The demand for SBCs in the healthcare category is expected to witness a promising growth due to rising demand for medical equipment, devices, and materials with high waterproofing capabilities to reduce the risk of contamination.
Some of the major companies operating in the global SBC and its derivatives market include Asahi Kasei Group, Chevron Phillips Chemical Company LLC, BASF SE, CNPC, Eni S.p.A., Dynasol Group, LCY CHEMICAL CORP., Kraton Corporation, PolyOne Corporation, LG Chem., Taiwan Synthetic Rubber Corp., and SINOPEC.
Enquire Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=sbc-and-its-derivatives-market
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.
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