Styrenic Block Copolymer (SBC) Market Size

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.

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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.