Styrenic Block Copolymer (SBC) Market Size By Product (Styrene-butadiene-styrene, Styrene-isoprene-styrene, Hydrogenated SBC), By Application (Paving & Roofing, Footwear, Advanced Materials, Adhesives, Sealants, Coatings), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023

Published Date: Jun 2016  |  Report ID: GMI483  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 105   |   Base Year: 2015




Summary Table of Contents Industry Coverage Methodology

Industry Trends

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.
 

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.
 

Styrenic Block Copolymer (SBC) Market Report Coverage
Report Coverage Details
Base Year: 2015 Market Size in 2015: 1.95 Million (USD)
Historical Data for: 2012 to 2015 Forecast Period: 2016 to 2023
Forecast Period 2016 to 2023 CAGR: 4.5% 2023 Value Projection: 10 Billion (USD)
Pages: 105 Tables, Charts & Figures: 125
Geographies covered (9): U.S., Germany, UK, France, Italy, China, India, Japan, Brazil
Segments covered: Product, Application and Region
Companies covered (19): BASF, Zeon Corporation, Chi Mei Corp., Kraton Performance Polymers, Sinopec, LCY Chemical Corp., Versalis, Styrolution, TSRC, Denki Kagaku Kogyo Kabushiki Kaisha (DENKA), Momentive Specialty Chemicals, Dynasol Elastomers, LG Chemicals, Chevron Phillips, Strategic initiative, En Chuan, Asahi Kasei, JSR Corporation, Kumho Petrochemicals, JX Nippon Oil & Energy Corporation
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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Market, By Product

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.
 

Styrenic Block Copolymer Market by Product

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Market, By Application

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.
 

Market, By Region

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.
 

Competitive Market Share

Global styrenic block copolymer industry share is consolidated; Sinopec, Dynasol LCY Chemical, and Kraton were the leading company in 2015. Other market participants include BASF, Zeon Corporation, Chi Mei Corp, Versalis, Styrolution, TSRC, Denki Kagaku Kogyo Kabushiki Kaisha, Momentive Specialty Chemicals, LG Chemicals, Chevron Phillips, En Chuan, Asahi Kasei, JSR Corporation, Kumho Petrochemicals and JX Nippon Oil & Energy Corporation.
 

In recent years the industry has witnessed some significant changes as major resin suppliers have integrating their operations forward and stepping into the SBC compounding business.
 

The styrenic block copolymer market report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD billion from 2016 to 2023, for the following segments:

By Product

  • SBS
  • SIS
  • HSBC

By Application

  • Paving & Roofing
  • Footwear
  • Automotive
  • Advanced Materials
  • Adhesives, Sealants & Coatings

By Region

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa
     

Frequently Asked Questions (FAQ) :

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’s competitive spectrum include Dynasol LCY Chemical, BASF, Sinopec, Kraton, Zeon Corporation, Versalis, and Chi Mei Corp.
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.

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Premium Report Details

  • Published Date: Jun 2016
  • Pages: 105
  • Tables: 94
  • Charts / Figures: 31
  • Companies covered: 19
  • Countries covered: 9

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