Global Styrenic Block Copolymers (SBCs) Market is Projected to Reach 10,400 million US$ by the end of 2025

Author: QYResearch  |   Published Date: 2018-08-20   |   Views: 204


Global Styrenic Block Copolymers (SBCs) Market: Market Driver and Restraint

Applications of Styrenic Block Copolymers (SBCs) are anticipated to create new business segments in the market. Styrenic Block Copolymers (SBCs) is in use for a broad range of Paving products such as paving and roofing industry, sports equipment & 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. Styrenic Block Copolymers (SBCs) application is developed towards a more active mode.

Manufacturers are exploring the potential of Styrenic Block Copolymers (SBCs) in Roofing. Application of Styrenic Block Copolymers (SBCs) in toys, furniture are gaining traction in the recent years. Recently, manufacturers have started using Styrenic Block Copolymers (SBCs) in the Personal care area. Further, there are also potential uses in the areas of sports equipment.

Global Styrenic Block Copolymers (SBCs) Market: Key Takeaways

·        On the one hand, Styrenic Block Copolymers (SBCs) 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 Styrenic Block Copolymers (SBCs) such as paving and roofing industry.

·        As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the comming 5 years.

Global Styrenic Block Copolymers (SBCs) Market: Forecast by Nature

This segment includes SBS, SEBS, etc. In terms of volume, SBS segment is expected to remain dominant in the global Styrenic Block Copolymers (SBCs) market.

Global Styrenic Block Copolymers (SBCs) 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. China is the dominant market in the global Styrenic Block Copolymers (SBCs) market in terms of value. The China Styrenic Block Copolymers (SBCs) market was estimated to be valued at US$ 2502.06 Mn in 2017 and is expected to expand at a value CAGR of 4.4% over the forecast period. The North America market is expected to expand at a robust rate of 3.8% in terms of revenue over the forecast period due to the steadily increasing production capacity for paving and roofing industry products in this region.

Global Styrenic Block Copolymers (SBCs) Market: Key Players

LCY Chemical, Kraton, Dynasol, LG Chem, Versalis, Sibur, KKPC, Asahi Kasei, TSRC, Chimei, Sinopec, CNPC, Keyuan Petrochemicals, etc. are the key vendors included in this report.

The market concentration of Styrenic Block Copolymers (SBCs) 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 40.00% of sales. LCY Chemical Chemical is by far the leader, followed by Kraton and Dynasol. Key Vendors like LG Chem, Versalis, and Sibur, also play important part in regional market, so the market share in each region is quite different.

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