Styrenic Block Copolymer (SBC) Market 2021 | Top Key Players - Chevron Phillips, Strategic initiative, En Chuan, Asahi Kasei, JSR Corporation

Consistent improvements in the healthcare sector to cater to the increasing cases of chronic diseases across the globe is positively influencing global styrenic block copolymer (SBC) market trends. Improving living standards among people across the globe along with the ability to spend on advanced healthcare services is supporting the need for the product.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/483

For 2017 to 2018, the total healthcare expenditure in Australia was recorded at US$185.4 billion, equating to US$7,485 per person. SBC boasts of wide product application range, from roofing to footwear to coatings, as they enhance the cohesive strength, render a superior weathering resistance, increase the rheological performance and improve adhesion on difficult substrates.

Favorable support from the U.S. government will supplement the regional demand for SBC in the coming years. The U.S. FDA has recognized styrene block copolymer safe for use as in contact with food under section 177 of food for human consumption.

The increasing presence of automobile giants in the U.S. is another major factor supporting the demand for SBC in the region. Brands like Tesla, Chevrolet, Ford, and Jeep are increasingly improving their product portfolio to meet the demand for advanced automobile solutions from people in the U.S. Sustained production and sales of fossil fuel-powered and electric vehicles in the country will augment styrenic block copolymer industry share.

Robust Europe footwear industry

SBC is widely used in footwear application and are mainly used to make the sole of a shoe, since he materials carry high resilience properties. Improving standard of living among people in both developed and emerging nations is propelling the need for stylish yet comfortable footwear.

Rise in health-conscious people owing to the surging cases of cardiovascular diseases and obesity is driving the adoption of fitness activities like gym, trekking, walking and other forms of physical activities. This has considerably pushed the need for long-lasting and reliable footwear.

Increasing dependence on online shopping owing to high penetration of the internet, wide product availability and cost-effectiveness will complement the sales of footwear.

Fluctuating prices of the raw material owing to the rising political unrest affecting the cross- border trade of SBC will pose as a slight growth obstacle in the near future.

Many styrenic block copolymer companies constantly extending high-quality products through advancement in various industries include, Zeon Corporation, BASF, Nippon Oil & Energy, Kumho Petrochemicals and Asahi Kasei among several others.

Request for customization @ https://www.gminsights.com/roc/483

Demand for styrene butadiene styrene (SBS)

Styrene-butadiene styrene or SBS market share has been witnessing unprecedented growth over the years. It is a synthetic rubber that comprises styrene and butadiene monomers. They possess characteristics like natural rubber and are used to make tire treads, sole of shoes and to improve the fit of baby diapers due to elastomeric properties.

High infancy birth rate especially in emerging countries like Asia Pacific is outlining the product demand landscape in the region. In the year 2016, the fertility rate in India was recorded at 2.33 births per woman. The high infant birth rate in such regions is creating the demand for improved and comfortable baby diaper products, inadvertently driving SBC market forecast.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.