Styrenic block copolymer market size is forecast to reach USD 10.01 billion valuation by 2023

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Styrenic block copolymer market size, share,
trends and forecast 2016-2023
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Global Market Scenario of Styrenic Block
Copolymer Industry

• Styrenic Block Copolymer Market size is forecast
  to reach USD 10.01 billion valuation by 2023.
  Growing concerns pertaining to baby health
  coupled with increase in consumer affordability
  should positively influence industry growth.
• Styrenic Block Copolymer (SBC) Market size was
  1.96 million tons in 2015 as per the latest
  research report by Global Market Insights, Inc.
  Increasing medical and healthcare industry
  expansion owing to rise in consumer per capita
  income along with growing health consciousness
  are expected driving factors to stimulate
  styrenic block copolymer market growth.
• Styrene butadiene styrene (SBS) market was a key
  product segment, valued at USD 4.5 billion in
  2015. Improving baby diapers fit and comfort
  owing to elastomeric materials are key properties
  to encourage styrenic block copolymers market
  growth. Latin America and Asia Pacific are the
  major consumers owing to growing infancy birth
  rate.

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Continue.....

• Footwear applications are forecast to grow at
  more than 4 CAGR up to 2023. Global footwear
  industry expansion owing to rise in living
  standard accompanied by growing consumer demand
  for more reliable and comfort footwear are
  potential factors to enhance styrenic block
  market growth. Styrenic block copolymers are used
  to make shoe sole high resilience is among the
  key quality to encourage its use in footwear
  applications.
• Shift in industry focus to reduce dependency on
  polyvinyl chloride mainly in medical applications
  to avoid health hazards are potential factors to
  fuel styrenic block copolymer market growth.
  Medical tubing, syringes, and medical bags are
  the major products which uses SBC.
• Supportive regulatory compliance from U.S.
  Pharmacopoeia and FDA to reduce PVC dependency
  and approval to use SBC are favorable factors to
  encourage industry growth. Political unrest in
  Middle East may affect pricing of crude oil
  natural gas and in turn affect styrenic block
  copolymer market price trend.
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Application Analysis

• Paving roofing dominated the application
  segment and was valued at over USD 1.95 billion
  in 2015. Growth in construction industry
  expansion coupled with rising consumer preference
  for customized home interiors are the key
  trending factors to positively influence paving
  roofing industry.
• Footwear application is set to grow at more than
  4 CAGR up to 2023. Material sustainability and
  durability are among the key factors to stimulate
  demand in footwear application. Change in buying
  behavior and trend to customize footwear for
  diverse purposes is another lucrative factor to
  drive demand.

Browse this report_at_ https//www.gminsights.com/ind
ustry-analysis/styrenic-block-copolymer-sbc-market

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Competitive Analysis

• Styrenic block copolymer market share is
  consolidated Sinopec, Dynasol LCY Chemical, and
  Kraton were the leading company in 2015. Other
  market participants include BASF, Zeon
  Corporation, Chi Mei Corp, Versalis, Styrolution,
  TSRC, Denki Kagaku Kogyo Kabushiki Kaisha,
  Momentive Specialty Chemicals, LG Chemicals,
  Chevron Phillips, En Chuan, Asahi Kasei, JSR
  Corporation, Kumho Petrochemicals and JX Nippon
  Oil Energy Corporation.
• In recent years the industry has witnessed some
  significant changes as major resin suppliers have
  integrating their operations forward and stepping
  into the SBC compounding business.

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Regional Analysis

• APAC, led by China styrenic block copolymer
  market size, was dominant regional industry and
  was worth over USD 2.65 billion in 2015. Rapid
  industrialization coupled with manufacturing
  industry expansion owing to skilled labor
  availability are the key trending factors to fuel
  material demand.
• China is among the major footwear producing
  country followed by India increasing SBC usage
  in footwear should positively affect the regional
  industry growth.
• U.S. dominated the North America styrenic block
  copolymer market size and is forecast to grow at
  over4.2 CAGR up to 2023. FDA approvals to use
  SBC in manufacturing medical equipments are the
  key favorable factors to stimulate product
  demand.
• Huge construction building industry investment
  potential in Saudi Arabia and UAE to foster MEA
  styrenic block copolymer market growth. The
  region is projected to grow at more than 4.8
  CAGR up to 2023.

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Latest Research Report _at_ https//www.gminsights.c
om/industry-analysis/styrenic-block-copolymer-sbc-
market Request sample pages of this report_at_
https//www.gminsights.com/request-sample/detail/
483
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