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Styrenic Block Copolymer (SBC) Market Analysis

Report ID: GMI483
Published Date: Jun 2016
Report Format: PDF

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Styrenic Block Copolymer Market Analysis

Styrenic block copolymer market was dominant and generated more than USD 4.5 billion revenue in 2015. Rapid footwear and baby diaper industry expansion owing to increasing consumer affordability are expected factor to influence product demand.

In terms of volume, hydrogenated segment is forecast to attain highest growth rate, with more than 5.5% through 2023. Rising trend to procure sustainable adhesives & sealants in construction industry is projected to foster the styrenic block copolymer market segment.

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Paving & roofing dominated the application segment and was valued at over USD 1.95 billion in 2015. Growth in construction industry expansion coupled with rising consumer preference for customized home interiors are the key trending factors to positively influence paving & roofing sector.

Footwear application is set to grow at more than 4% CAGR through 2023. Material sustainability and durability are among the key factors to stimulate demand in footwear application. Change in buying behavior and trend to customize footwear for diverse purposes is another lucrative factor to drive the styrenic block copolymer market.

Asia Pacific led by China was dominant regional industry and worth over USD 2.65 billion in 2015. Rapid industrialization coupled with manufacturing industry expansion owing to skilled labor availability are the key trending factors to fuel the material demand. China is among the major footwear producing country followed by India; increasing SBC usage in footwear should positively affect the regional industry growth.

U.S. dominated the North America and is forecast to grow at over 4.2% CAGR through 2023. FDA approvals to use SBC in manufacturing medical equipment are the key favorable factors to stimulate product demand.

Huge construction & building industry investment potential in Saudi Arabia and UAE will foster MEA styrenic block copolymer market growth. The region is projected to grow at more than 4.8% CAGR through 2023.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Expected crcr that styrenic block copolyme market is estimated to register is 4.5% over 2015-2023.

The overall Styrenic Block Copolymer industry is anticipated to acquire a revenue share of 10 Billion (USD) by the end of 2023.

Rising concerns for baby health and appreciable increase in consumer purchase parity will push SBC market size, slated to hit USD 10 billion by 2023.

Some of the companies forming a part of SBC market

Hydrogenated SBC industry is expected to register the highest growth rate of 5.5% through 2023, driven by the ongoing trends to deploy sustainable sealants, adhesives, and other materials in the construction space.

Since material sustainability and durability are the main factors considered for good footwear, these applications will increase SBC demand. Footwear segment is expected to register 4% CAGR through 2023.

SBC products will gain substantial popularity across Middle East & Africa, driven by rising investments in construction projects. MEA market is expected to register 4.8% CAGR through 2023.