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Styrenic Block Copolymer (SBC) Market Size

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

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Styrenic Block Copolymer Market Size

Styrenic Block Copolymer (SBC) Market size was over 1.95 million tons in 2015. The industry expects gains at over 4.5% CAGR through 2023. Growing baby health concerns accompanied by increase in purchasing power are key stimulating factors to drive the product demand.

These are mainly used to manufacture waistbands, ears/side panels, tabs, leg elastics and landing zone in baby diapers. Improved comfort and fit of diapers owing to elastomeric materials led baby diapers manufacturers to adopt compounds including SBS, SIS, SEBS, SEPS and SEEPS may drive the styrenic block copolymer market demand. SBC compounds accounts for 40%-85% by weight of the overall baby diapers, the rest being accounted by thermoplastics.

Styrenic Block Copolymer Market Statistics

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Asia Pacific and Latin America are may grow significantly in terms of baby diaper consumption. Population growth accompanied by rise in disposable income should influence the regional styrenic block copolymer market growth.

Rising trends to replace polyvinyl chloride (PVC) due to health hazards associated with its usage should favor industry penetration in the medical sector. Medical bags, medical tubing, and syringes are the suitable products to manufacture from the material.

Approvals from FDA and U.S. Pharmacopoeia to use the material in medical industry owing to reduce dependency on PVC should propel SBC demand. Crystal clarity, design versatility, high resistance, excellent thermal stability, sterilizable by gamma irradiation, ethylene oxide gas, mutagenic or irritant potential are the key properties to favor the styrenic block copolymer market share.

Styrenic Block Copolymer Market Report Attributes
Report Attribute	Details
Base Year:	2015
Styrenic Block Copolymer Market Size in 2015:	1.95 Million (USD)
Forecast Period:	2016 to 2023
Forecast Period 2016 to 2023 CAGR:	4.5%
2023 Value Projection:	10 Billion (USD)
Historical Data for:	2012 to 2015
No. of Pages:	105
Tables, Charts & Figures:	125
Segments covered:	Product, Application and Region
Growth Drivers:	Positive application scope in medical/healthcare sector Rise in baby diapers demand Increasing application scope in footwear sector
Pitfalls & Challenges:	Volatile raw material prices

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Key raw materials, crude oil and natural gas involved in SBC production. Fluctuating raw material prices owing to political unrest may affect the product price trend.

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.