Global SEBS Market: Market Driver and Restraint
Applications of SEBS are anticipated to create new business segments in the market. SEBS is in use for a broad range of Covering Material products such as wire & cable, molded parts & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. SEBS application is developed towards a more active mode.
Manufacturers are exploring the potential of SEBS in Car Accessories. Application of SEBS in substrate of car accessories are gaining traction in the recent years. Recently, manufacturers have started using SEBS in the Sealing Material area. Further, there are also potential uses in the areas of children's toys.
Global SEBS Market: Key Takeaways
· On the one hand, SEBS manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.
· Besides, they are trying to broaden the applications of SEBS such as Toy.
· As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the comming 5 years.
Global SEBS Market: Forecast by Nature
This segment includes Linear SEBS, Radial SEBS, etc. In terms of volume, Linear SEBS segment is expected to remain dominant in the global SEBS market.
Global SEBS Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. North America is the dominant market in the global SEBS market in terms of value. The North America SEBS market was estimated to be valued at US$ 372.18 Mn in 2017 and is expected to expand at a value CAGR of 3.2% over the forecast period. The Europe market is expected to expand at a robust rate of 3.1% in terms of revenue over the forecast period due to the steadily increasing production capacity for wire & cable products in this region.
Global SEBS Market: Key Players
Kraton, TSRC, Kuraray, Asahi Kasei, Sinopec, Eni, LCY, Keyuan, Dynasol, etc. are the key vendors included in this report.
The market concentration of SEBS is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 69.31% of sales. Kraton Chemical is by far the leader, followed by TSRC and Kuraray. Key Vendors like Asahi Kasei, Sinopec, and Eni, also play important part in regional market, so the market share in each region is quite different.
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