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Styrenic Block Copolymers Market will generate new growth opportunities by 2021
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Styrenic block polymers are used in the production of ear/side panels, waistbands, leg elastics, tabs, and landing zone in baby diapers. Baby diaper manufactures are using compounds like SEBS, SIS, and SBS to improve the comfort and fitting of the diapers. This, in turn, will boost the market growth of SBCs. As SBCs provide high resilience, they are also used in the footwear industry. SBC have properties like design versatility, high resistance, mutagenic or irritant potential, crystal clarity, sterilizable by gamma irradiation, ethylene oxide gas, and excellent thermal stability. These properties of SBCs are making it grow in the market. There is market growth globally owing to the replacement of PVCs with SBCs in healthcare applications.
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Asia-Pacific and Latin America markets are growing significantly in terms of baby diaper usage. Use of SBC in footwear is positively affecting the regional market growth. China is leading in the global market followed by India. The USA market is also growing because FDA has approved the use of SBC in manufacturing medical equipment.
The styrenic block copolymers market is segmented on the basis of regions and applications. On the basis of application, the market is segmented into wires and cables, automotive, footwear, engineering, building construction, and other applications. Based on region, the styrenic block copolymers market is segmented into Asia-Pacific, Europe, North America, and Rest of the World. They are further sub-segmented into Western Europe (France, Germany, Italy, and others), North America (Mexico, USA, Canada, and others) and Asia-Pacific (Japan, China, and others).
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The key players in the market are BASF SE, Huntsman Corporation, Kraton Polymer LLC, The Dow Chemical Company, Arkema S.A., TSRC Corporation, Evonik Industries, PolyOne Corporation, Advanced Elastomer Systems Limited, Teknor Apex Company, LyondellBasell Industries N.V., L.G. CHEM Ltd., Yantai Wanhua Polyurethanes Co., Ltd., EMS Group, Lubrizol Corporation, and others.
Styrenic Block Copolymers Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
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