Styrenic Block Copolymers Market (By Product: Styrene-Isoprene-Styrene (SIS), Styrene-Butadiene Styrene (SBS), Hydrogenated Styrenic Block Copolymer (HSBC); By Application: SBS [Paving & Roofing, Footwear, Adhesives & Sealants, Polymer Modification, Wires & Cables, Others], HSBC [Adhesives & Sealants, Polymer Modification, Medical Devices, Others], SIS [Polymer Modification, Paving & Roofing, Adhesives & Sealants, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 190

The global styrenic block copolymers market size is expected to hit around US$ 11 billion by 2026 with rising CAGR of 6.5 % throughout the forecast period 2019 to 2026.

Styrene-based block copolymers (SBCs) are merely thermoplastically high performance elastomers developed to improve application and finishing product performance. The three types are divided into copolymers (SEBS), the copolymer block styrene-ethylene-butylene (SBS) and block copolymers for estyrene-isoprene (SIS). These copolymers have a wide application area due to their properties such as high resiliency, high thermal stability, and versatility of design, crystal clarity and high strength.

The report provides analysis of global Styrenic Block Copolymers market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Dynamics

The market for SBC is projected to be driven by the increased use of high-performance specialty polymers in various end-user industries, including medical equipment, construction, footwear and electronics. Furthermore, increasing environmental concerns and strict governmental regulations on reducing the use of polyvinyl chloride (PVC) have a positive effect on product demand. The largest intake of Thermoplastic Elastomer (TPE) is the steyrene block copolymers. They are used in a variety and demand high-performance polymers for various applications. They have very similar properties as the rubber, but like polymers they are processed. Due to their bulk consumption, they are cheaper than other TPEs. SBS is used for the modification of different polymers, such as Acrylonitrile Butadiene Styrene (ABS), GPP, High Impact Polystyrene (HIS) and Bulk Moldings. The SBS outlook is expected to be positive for polymer modification because of the stable growth in car production in developed regions, such as North America and Europe, and because of rising demand for household appliances in developing areas, like Southeast Asia and the Middle East.

The emerging economies of Asia Pacific and Latin America are the main drivers of demand in increasing end-use industries, such as footwear and sealants and adhesives. But in developed North American and Western Europe, demand for products is about to saturate. Therefore, over the forecast period, the growth rate for these regions is expected to be relatively slow.

However, in many end-use industries several federal bodies regulate applications to ensure consumer health and safety. These regulations encourage the use of these and other commercial thermoplastic materials to give guidelines for the prudent use of the product.

Application Outlook

In high-performance applications such as polymer modification, modification of asphalt / bitumen, expanded compounding, adhesives & stickers, Styro-butadienic Styrogen (SBS) is widely utilized. These copolymers have major advantages for the formulation of adhesives since they flow at processing temperatures and operate under standard conditions, like reinforced elastic rubbers. As a result, applications are also found in other industries, such as vulcanized compounds and bitumen modification. SBS should register a CAGR of over 6 percent from 2019 to 2026 in the application segment of paving and roofing. Several agencies worldwide strive constantly to increase the life of floors. Furthermore, the introduction of 125 PSI radial tires has increased the burden on existing road infrastructure and pavement. A large consumer is the global footwear industry. For several reasons, SBS is a good material for footwear production which also makes it ideal for roofing. SBS provides a strong but flexible product in shoe soils, which can be waterproofed. These benefits and the low cost and biocompatibility in footwear applications drive their use.

A major consumer is the global footwear industry. SBS is an excellent material for the production of footwear, which makes it ideal for roofing for various reasons. SBS provides a strong yet flexible product in shoe soles, which can be washed. These advantages, together with the low cost and biocompatibility of these materials, drive their use in footwear.

The second largest product segment is the Hydrogenated Styrenic Block Copolymer (HSBC) which accounts for over 17% of total revenues for 2018. The compatibility of HSBCs with the formulation ingredients is different from SIS and SBS. This enables hydrogenated ingredients to be used more stable, providing systems with high stability, transparency and clarity overall.

In-service medical devices, equipment and materials with high waterproofing capabilities were needed to reduce the risk of contamination and epidemics by increasing the geriatric population and subsequent increase in the number of medical facilities. These factors have resulted in the increasing use of HSBC to provide desirable properties, such as long lasting life and pathogen resistance, in medical devices.

HSBC formulations are a lot additional steady than SIS formulations because of the saturation of the mid block which ensures excellent thermal degradation resistance. Asia-Pacific has generated the highest demand for these versatile polymers, and the remuneration of HSBC polymers in adhesive formulations are likely to increase rapidly.

Regional Stance

Asia Pacific, due to the high demand from end-use industries, such as the paving and roofing industry, footwear, adhesives & stitching products and medical devices is expected to become the leading regional market. A rapid growth in the Construction industry is boosting in emerging economies such as India, China, and Indonesia by government programs that promote basic amenities and grow needs for affordable housing. The market in Asia Pacific is dominated by China. The demand for esthetically appealing materials such as SBS, which will make prefabricated buildings a major trend in China, will likely become. The market is still a lucrative industry to invest in as compared with others in the West, despite the present slowdown in the chinese building industry, due to its lackluster economic performance in 2018. The economy and the building sector will be sustained through constant infrastructural investments.

The market share in North America in 2018 was also significant. Increasing application rates in medical devices along with the authorisation of regulatory authorities such as FDA to use the product in regional consumption are driving. Due to increased use of polymer-modified bitumen, paving and roofing is expected to be the leading area in the area. There is a well developed market in the region and technological development is expected to provide manufacturers with growth opportunities.

Increased demand is likely to drive the US market in footwear, polymers and adhesives and sealants. The European economy and the end-use industry are expected to recover globally in the near future, and to boost the market in the region. In Europe, major producers and consumers are countries such as Germany, Italy, France, Russia and the UK. The modification of polymers is one of the main segments of application and will play an important role in the development of the regional market.

Market Segmentation

Global Styrenic Block Copolymers Market, By Product

  • Styrene-Isoprene-Styrene (SIS)
  • Styrene-Butadiene Styrene (SBS)
  • Hydrogenated Styrenic Block Copolymer (HSBC)

Global Styrenic Block Copolymers Market, By Application

  • SBS
    • Paving & Roofing
    • Footwear
    • Adhesives & Sealants
    • Polymer Modification
    • Wires & Cables
    • Others
  • HSBC
    • Adhesives & Sealants
    • Polymer Modification
    • Medical Devices
    • Others
  • SIS
    • Polymer Modification
    • Paving & Roofing
    • Adhesives & Sealants
    • Others

Global Styrenic Block Copolymers Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “Styrenic Block Copolymers Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Styrenic Block Copolymers market segments with market dynamics and their impact. The report also covers basic technology development policies.

The report provides an analysis of the latest industry trends from 2015 to 2026 in all sub-segment segments and forecasts revenue and volume growth on the global, the regional and country levels. ARC has divided the global market report of medical oxygen concentrations on product, application, technology and region for this study.

Key Players & Strategies

The global market is highly competitive and consolidated, with few companies representing the world's largest share of production. In order to innovate product and processing technology, most of the top companies make huge R&D investments. SINOPEC, Zeon Corporation, LG Chemicals, BASF SE, Eastman Chemical Company, Chevron Phillips, Elastomers Dynasol, LCY Group, Polyone and Versalis are all key industry participants. Momentive Specialty Chemicals, Kraton Performance Polymers, are another important players., Asahi Kasei, JSR Corp., Kraton Performance Polymers, Kogyo Kabushiki Kaisha (DENKA) and TSRC, Denki Kagaku Kaisha (DENKA).


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