The Global Market for Styrene-Butadiene-Styrene (SBS) Block Copolymer is Projected to Reach 2.5 Million Tons by 2022

Ubiquitous Uses of Styrene-Butadiene-Styrene Block Copolymer as Adhesives and Thermoplastic Elastomers Sustains Growth in the Global Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Styrene-Butadiene-Styrene (SBS) Block Copolymer market. The global market for Styrene-Butadiene-Styrene (SBS) Block Copolymer is projected to reach 2.5 million tons by 2022, driven by robust demand across end-use application markets including Adhesives, Sealants, and Coatings, Asphalt Modification, Polymer Modification, Footwear, Cables & Wires, and Electric Appliances among others.

Styrene-Butadiene Styrene (SBS) block copolymer represents the most important type of Styrenic Block Copolymer (SBC), the widely consumed member of the thermoplastic elastomer (TPE) family. Key application areas for SBS block copolymer include adhesive, sealant and coating formulations, asphalt modification, polymer modification, footwear, electronic appliances, medical equipment and brilliant oils among others. In almost all applications, SBS block copolymer functions as a specialist ingredient that dramatically improves the performance and efficiency of the final product. When used in formulating adhesives, sealants and coatings, SBS block copolymer improves the bonding strength, waterproofing and flexibility features of such formulations and in asphalt/bitumen modification, the material augments the functional and technical properties of raw bitumen. Similarly, the use of SBS in plastics compounding and polymer modification of thermoplastics makes them fully compatible for intended end-use application, and in footwear manufacturing, use of SBS enhances the strength, flexibility and waterproofing of footwear. The material increases strength and durability of plastic enclosures of household electric appliances and medical apparatus etc.

With several of the major end-use markets witnessing stable growth, demand for SBS block copolymer is poised to remain steady in the coming years. The market will especially benefit from the projected growth of asphalt consumption in paving and roofing applications, and rising demand for quality bitumen modifiers that improve longevity of asphalt road by preventing formation of cracks due to thermal shocks and potholes due to excessive rains. Similarly, sustained high demand for adhesives, sealants and coatings, and widening role of polymer modification in plastics compounding will infuse agility into the SBS block copolymer market. The market will also gain from the growing emphasis on enhancing functional attributes of footwear with unique materials such as SBS, and rising demand for high-quality household electronic appliances and medical equipment with high strength and durability features.

As stated by the new market research report on Styrene-Butadiene-Styrene (SBS) Block Copolymer, Asia-Pacific represents the largest market worldwide. Trailing at a CAGR of 7.0% over the analysis period, the region also ranks as the fastest growing market led by positive macro-economic scenario, expanding industrial, business and commercial markets, rising demand for consumer appliances, increased emphasis on quality ingredients for asphalt modification and plastics compounding. By end-use, Asphalt Modification constitutes the largest segment, while Polymer Modification represents the fastest growing segment demonstrating a CAGR of 7.4% over the analysis period.

Major players covered in the report include Asahi Kasei Corp., Chi Mei Corp., China National Petroleum Corporation, Dynasol Elastomers, En Chuan Chemical Industries Co., Firestone Polymers LLC, INEOS Styrolution Group GmbH, Kraton Performance Polymers Inc., LCY Chemical Corp., LG Chem, RTP Company, Sinopec Corp., TSRC Corporation and Versalis S.p.A. among others.

The research report titled “Styrene-Butadiene-Styrene (SBS) Block Copolymer: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in value and volume terms for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report also analyzes the volume sales of SBS Block Copolymer by End-Use Segment – Adhesives, Sealants, & Coatings; Asphalt Modification; Polymer Modification; and Others (Includes Footwear, Medical Apparatus, Brilliant Oils, Pipelines, Household Electric Appliances, Electric Cables, and Electric Wires.)

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