The new report by Expert Market Research titled, ‘Global Styrenic Block Copolymer Market Analysis, Share, Size, Trends, Scope, Report and Forecast 2023-2028’, gives an in-depth analysis of the global styrenic block copolymer market, assessing the styrenic block copolymer market, based on its segments like products, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along withanalysingthe market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 8.86 billion
- Forecast CAGR (2023-2028): 4.60%
- Forecast Market Size (2028): USD 11.6 billion
The growth in the global market for styrenic block copolymer is being driven by the rising demand for styrene-butadiene-styrene (SBS). This can be associated with the rising demand for SBS from the polymer modification, footwear, construction, adhesives and sealant segments.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/styrenic-block-copolymer-market/requestsample
The demand for SBS in the construction sector is being led by its applications in paving and roofing. This trend is further supported by rising construction and reconstruction activities around the world on account of rising urbanisation and industrialisation. Geographically, the Asia Pacific region is likely to account for a significant share of the market during the forecast period.
Styrenic Block Copolymer Industry Definition and Segmentation
Styrenic block copolymers refer to high-performance thermoplastic elastomers. These are specifically designed to increase product application and performance in end-use sectors. Styrenic block copolymers are thermally stable, crystal clear, and resistant, with little cytotoxic or mutagenic potential.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/styrenic-block-copolymer-market
Based on product, the market can be segmented into:
- Styrene-Butadiene-Styrene (SBS)
- Styrene-Isoprene-Styrene (SIS)
- Hydrogenated SBC (HSBC)
On the basis of application, the market divisions are:
- Asphalt Modification
- Wires and Cables
- Polymer Modification
- Adhesives and Sealants
- Footwear
- Others
The regional markets for styrenic block copolymer include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Styrenic Block Copolymer Market Trends
The growth in the global market for styrenic block copolymer is being positively influenced by applications in the medical equipment manufacturing sector. The increasing demand for medical equipment like tubing, bags, and IV drip chambers is driving the market forward.
This can be attributed to the favourable properties of styrenic block copolymer which include high transparency, flexibility, good mechanical strength, kink resistance, and excellent UV and chemical resistance. Increasing medical spending and advancements in medical equipment technology are expected to further contribute to the growth of the market.
Apart from this, the construction sector is projected to be a leading application segment owing to increasing investments in green building projects. This is likely to raise the demand for lightweight, environmentally friendly material like styrenic block copolymers, hence fuelling the growth of the market.
Key Market Players
The major players in the market are China Petrochemical Corporation, Asahi Kasei Corporation, JSR Corporation, Ineos Styrolution Group GmbH, Eastman Chemical Company, and Kumho Petrochemical, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports :
Europe Construction Products Market: https://www.expertmarketresearch.com/reports/europe-construction-products-market
Asia Pacific Veterinary Vaccines Market: https://www.expertmarketresearch.com/reports/asia-pacific-veterinary-vaccines-market
Global Semiochemicals Market: https://www.expertmarketresearch.com/reports/semiochemicals-market
Global Image Recognition Market: https://www.expertmarketresearch.com/reports/image-recognition-market
United States Smart Thermostat Market: https://www.expertmarketresearch.com/reports/united-states-smart-thermostat-market
About Us :
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Media Contact :
Company Name: Claight Corporation
Contact Person: Louis Wane, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
