Press release
Styrene Ethylene Butylene Styrene (SEBS) Market Size to Reach 3.91% by 2023 with Market Key Players - Kraton Polymers, Elastomers, LCY Chemical Corp., Dynasol Ningbo Keyuan Petrochemicals, ENI
The Global Styrene Ethylene Butylene (SEBS) Market is anticipated to register an estimated CAGR of 3.91% over the projected period 2018-2023.
Browse 150 Pages of Research Report developed on the Styrene Ethylene Butylene Styrene (SEBS) Market @ https://www.researchcosmos.com/reports/styrene-ethylene-butylene-styrene-sebs-market/90785491
Styrene Ethylene Butylene Styrene (SEBS) Market Growth Drivers and Restraints:
The main factors driving the growth of the market is growing demand from the adhesive & sealant industry. The growing use of SEBS in products, such as labels, tapes, and other construction-based adhesives has helped the market growth in the particular industry. On the flipside, circumstances, stringent government law and volatility in crude oil prices, are expected to inhibit the market growth.
The usage of styrene ethylene butylene styrene in the automobile industry has grown rapidly in the past few years. The increase in usage is mainly due to its manufacturing durability, flexibility, ease of processing and low cost of production. SEBS has a high temperature, chemical and weather resistance, which are mainly required for sealing applications in the automotive industry. In addition, it also has great abrasion, wear, scratch resistance and gives superior protection from aging caused due to UV, and ozone as opposed to conventional polymeric plastics such as thermoset rubber and ethylene propylene diene monomer rubber. This, in turn, has raised the consumption of SEBS in the automotive industry.
SEBS (especially the powdered form) is used widely in adhesive, sealant, and coating applications. They are generally utilized to manufacture high-end adhesives and sealants, by going with petroleum resins like C5 resin. They are used in the adhesive layer of protective films, sticking for tape and labels and can be used to improve the flexibility of sealants and coatings as well. Additionally, the construction sector is growing in India, China, and Southeast Asia owing to increasing investment in infrastructure projects and the market for more housing. Increasing population and improved demand from adhesive, sealant and coating applications are anticipated to fuel the growth of the global SEBS market.
For Free Sample of the Report @ https://www.researchcosmos.com/request/styrene-ethylene-butylene-styrene-sebs-market/90785491
Styrene Ethylene Butylene Styrene (SEBS) Market Geographical Segmentation:
Asia-Pacific is anticipated to dominate the styrene ethylene butylene styrene market during the forecast period. China is one of the largest SEBS consumers in the world. It is the world's leading PVC producer and consumer. SEBS is creating its space in plastic manufacturing as a potential replacement for PVC in various applications. SEBS is used in the creation of toys and can replace PVC for the generation of doll heads. The substitution of PVC is likely to fuel the SEBS market in the coming years.
Key players of the Styrene Ethylene Butylene Styrene (SEBS) Market:
Some of the main companies dominating this market for its services, products, and continuous product development, include Kraton Polymers, Elastomers, LCY Chemical Corp., Dynasol Ningbo Keyuan Petrochemicals, ENI, and others.
For Any Queries Inquire More @ https://www.researchcosmos.com/inquire/styrene-ethylene-butylene-styrene-sebs-market/90785491
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
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