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Styrene Ethylene Butylene Styrene Market size will witness a significant growth, owing to increasing demand of the thermoplastic rubbers for end use application as an alternative to PVC in the forecast period. Rising demand for adhesive & sealant and coating applications will add to styrene ethylene butylene styrene market size in forecast time frame. High-strength, flexibility and good temperature resistance are the major driving factors for styrene ethylene butylene styrene market growth.
Rising demand of thermoplastic elastomers in construction industry will propel the growth for styrene ethylene butylene styrene market in forecast time frame. SEBS applications as natural rubber is anticipated to increase substantially which will add to styrene ethylene butylene styrene market size. Increasing demand of products with thermo-oxidative stability, high UV and ozone-resistance, high dispensability, stability in high-temperature processing will benefit product growth. Further, superior electrical properties will propel the demand of the product in wire or cable products.
SEBS can be compounded to manufacture materials with improved grip, appearance and feel. Surge in product demand for toys, sports and leisure, packaging, hygiene and automotive will lead to rise in styrene ethylene butylene styrene market size. Approval of health agencies mainly FDA and BGW for application of SEBS will further propel the product demand in the global market.
The styrene ethylene butylene styrene market is vulnerable to fluctuating raw material cost, however the problem will be moderated in forecast period due to rising manufacturing capacities. Multiple benefits of this product in wide range of applications and low environmental impact will drive the market growth.
U.S. is projected to provide various growth opportunities for the product owing to surge in product application in the medical field mainly for peristaltic pumps along with uses in vaccine and pharmaceutical manufacturing. SEBS is replacing PVC for numerous applications in the region. For instance, Canada will invest heavily in pipeline infrastructure to improve productivity in the region which will add to styrene ethylene butylene styrene market size. Many manufacturing companies are now shifting focus to styrene block copolymers due to social pressure to find more ecofriendly ways to produce their products.
Asia Pacific lead by China and India is anticipated to witness significant growth for styrene ethylene butylene styrene market in forecast period owing to surge in demand of automobiles in the region. Upsurge in infrastructure development in the region with rising population will further propel the product demand. Positive outlook of SEBS as an alternative of PVC in wide range of application will boost the ethylene butylene styrene market size in the forecast period. Stringent government regulation in the region to minimize the environmental impact will benefit the product growth. Automotive industry will be the largest end user of thermoplastic rubbers in coming years.
Europe lead by Germany will continue to witness substantial growth due to upsurge in automobile and building & construction industry in the forecast period. The region will dominate the global consumption in forecast period due to rising innovation in automotive interior materials and processes. Rising petrochemical industry in the region will further boost the styrene ethylene butylene styrene market.
Some of the key companies are LCY Chemical, Kraton Polymers, Ningbo Keyuan Petrochemicals and Dynasol Elastomers. Other prominent players are Dycon chemicals, Sinopec, Asahi Kasei, ENI versalis, TSRC corporation and Kuraray. Major players are competing to gain a big market share by increasing their product portfolio. Manufacturers are investing heavily in research and development for innovative products to meet the rising demand of thermoplastic rubbers in various end use applications.
Low cost processing technologies will further encourage the growth of styrene ethylene butylene styrene market size. Emerging countries like India and china will offer great business opportunities for manufacturers, owing to revolutionized automotive industry in the forecast period.