Global SBC And Its Derivatives Market - By Product (Styrene Butadiene Styrene, Styrene Isoprene Styrene, Styrene Ethylene Butylene Styrene, Styrene Ethylene Propylene Styrene, Hydrogenated Styrene Block Copolymer), By Application (Paving & Roofing, Polymer Modification, Adhesives & Sealants, Advanced Materials), By Industry (Building & Construction, Footwear, Polymer, Packaging, Healthcare), - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

SBC And Its Derivatives Market held USD XXX billion in 2020 and is to grow with a CAGR of XXX from 2020-2030. SBCs or Styrene block copolymers, are part of thermoplastic elastomers family. These polymers are used in bulk as compared to other thermoplastic elastomers and possess attributes similar to rubber, so SBC and its derivatives are treated as thermoplastics. SBC and its derivatives are used for the formulation of several products into additives and other high-performance polymeric compounds. Because of their specific characteristics, such as  low drug absorption, biodegradability,  toughness, high durability, process stability and optical clarity, along with their ability to be treated as thermoplastic materials while operating as filled vulcanized elastomers, they are used in a broad variety of industrial and commercial applications. The SBC and its derivatives are often used in roofing and paving usage in the building industry for bitumen and asphalt modification and to reduce the viscosity of solution in the elastomeric step in the adhesives, sealants, and coatings manufacturing processes.

Market Dynamics and Factors:

The growing healthcare industry and the rising end-use sectors are the major drivers increasing the global SBC and its derivatives market growth. SBC and its derivatives, in particular styrene-ethylene-butadiene-copolymers, are majorly being used in the manufacture of medical tubes which are used to produce peristaltic pumps, along with additional applications in the manufacture of pharmaceuticals and vaccines, which will be a ongoing global SBC and its derivatives market trend. One of the main drivers of global SBC and its derivatives industry is the expansion of end-user industries such as construction, transportation, footwear, and others.

Market Segmentation:

Based on the product, the global SBC and its derivatives industry is segmented into styrene butadiene, styrene isoprene styrene, styrene ethylene propylene styrene butylene styrene, styrene ethylene butylene styrene, styrene butadiene styrene, hydrogenated styrene block copolymer. On the basis of application, the market is segmented into polymer modification, paving & roofing, advanced materials and adhesives & sealants,. On the basis of industry, the market is segmented into  packaging, footwear, polymer, building & construction and healthcare. Geographic classification of global SBC and its derivatives market includes the regions like North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Geographically, APAC region has accounted for the largest global SBC and its derivatives market share and will continue to dominate the global SBC and its derivatives market growth over the forecast period. The rapid growth in infrastructural developments and the exposure of China as a global hub of manufacturing are the major factors fueling global SBC and its derivatives market share in the region and its other parts, which will be a driving global SBC and its derivatives market trend over the forecast period. Because of its vast manufacturing capacity of industrial and commercial goods, China was the main producing country in the world.

Competitive Scenario:

The key players of global SBC and its derivatives industry are Asahi Kasei Elastomers, BASF, China National Petroleum (Sinopec), Chevron Phillips Chemical, Kraton Performance Polymers, Dynasol Elastómeros, Eni  (Versalis),  LCY Chemical, LG Chem,  PolyOne, Sinopec and  TSRC.

SBC And Its Derivatives Market Report Scope