Press release
The Styrenic Block Copolymer (SBC) Market Composites growth outlook with industry review and forecasts
Styrenic Block Copolymer(SBC) Market size was more than $1.96 million tons for 2015 and is predicted to register CAGR of more than 4.52% by end of forecast timeframe. Baby diapers industry size is predicted to cross $64.2 billion by end of 2023 from $39 billion for 2014, with projected profit at 6% by end of forecast timeframe. Rising baby healthcare issues along with rise in purchasing capacity are key aspects driving industry growth.These are primarily utilized to produce tabs, waistbands, leg elastics ,side panels and landing zone in diapers. Enhanced comfort and best fit size of diaper due to elastomeric substances led producers to accept compounds like SEPS, SBS, SEBS, SEEPS and SIS which promoted demand for the product. Styrenic block copolymer (SBC)compounds contribute about 40% to 80% by mass of total baby diapers.
Global Market Insights has a new study based report titled " Styrenic Block Copolymer (SBC) Market Size By Product (Styrene-butadiene-styrene, Styrene-isoprene-styrene, Hydrogenated SBC), By Application (Paving & Roofing, Footwear, Advanced Materials, Adhesives, Sealants, Coatings), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Japan, Brazil), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023".
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The report offers all-inclusive analysis of:
1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period
Latin America and APAC Styrenic block copolymer (SBC) market share can grow substantially in terms of baby diaper use. Rise in population along with increase in disposable incomes is predicted to influence the regional industry growth.
Approvals from U.S. Pharmacopoeia and FDA(Food & Drug Administration of U.S.) to make use of the compound in medical sector due to less dependence on PVC(Polyvinyl chloride) is predicted to fuel Styrenic block copolymer demand.
The Styrenic Block Copolymer (SBC) Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Styrenic Block Copolymer (SBC) Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
Browse Styrenic Block Copolymer (SBC) Market report summary@
https://www.gminsights.com/industry-analysis/styrenic-block-copolymer-sbc-market
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Styrenic Block Copolymer (SBC) Market Product Insights
SBS market size was dominant and generated more than USD 4.5 billion revenue in 2015. Rapid footwear and baby diaper industry expansion owing to increasing consumer affordability are expected factor to influence product demand.
In terms of volume, hydrogenated styrenic block copolymer market size is forecast to attain highest growth rate, with more than 5.5% up to2023. Rising trend to procure sustainable adhesives & sealants in construction industry is projected to foster hydrogenated styrenic block copolymer market growth.
5. Styrenic Block Copolymer (SBC) Market Application Insights
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.
6. Styrenic Block Copolymer (SBC) Market Regional Insights
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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7. Competitor Profiles
Global 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.
About Global Market Insights, Inc.:
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:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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