Styrenic block copolymer market size is forecast to reach USD 10.01 billion valuation by 2023 - PowerPoint PPT Presentation

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

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Styrenic block copolymer (SBC) market size is forecast to reach 2.84 million tons by 2023, growing at 4.8% CAGR. Global Styrenic Block Copolymer Market size was 1.96 million tons in 2015 as per research report by Global Market Insights, Inc. U.S. dominated the North America styrenic block copolymer market size and is forecast to grow at over4.2% CAGR up to 2023 – PowerPoint PPT presentation

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


1
Styrenic block copolymer market size, share,
trends and forecast 2016-2023
2
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.

3
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.
  • Request for sample pages_at_ https//www.gminsights.c
    om/request-sample/detail/483

4
(No Transcript)
5
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

6
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.

Inquire for buying this report_at_
https//www.gminsights.com/inquiry-before-buying/4
83
7
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.


Request for sample pages https//www.gminsights.
com/request-sample/detail/483
8

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
9
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www.gminsights.com
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