Market Research Report
Global SBC and Its Derivatives Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||408526|
|Published||Content info||170 Pages
Delivery time: 2-3 business days
|Global SBC and Its Derivatives Market Forecast 2020-2028|
|Published: March 16, 2020||Content info: 170 Pages||
The global SBS and its derivative market, is estimated to grow and reach a CAGR of 5.45% in terms of volume during the forecast period of 2020-2028. With regards to revenue, the global market is set to record a CAGR of 6.80%. The global market has been growing continuously, due to the increasing usage in the adhesives, sealants & coatings industry, paving & roofing, footwear, and advanced materials. Besides, the development of new and innovative products is creating significant opportunities in the market.
During the production processes of adhesives, sealants & coatings industry, SBCs and its derivatives are used in the reduction of solution viscosity in the elastomeric phase. Styrene-ethylene-butadiene-styrene (SEBS) is primarily used in healthcare applications, such as tubing for peristaltic pumps, coupled with its usage in vaccines and pharmaceutical manufacturing. Due to the distinctive features of SBS and its derivatives such as biodegradability, high resilience, optical clarity, low drug absorption, toughness, and process stability, they are increasingly used in the medical sector, and fueling the demand for flexible PVC in numerous applications.
One of the market constraints is the increasing popularity of OBCs. The development and introduction of Olefin Block Copolymer (OBCs) by major thermoplastic manufacturers, is making it difficult for the SBC and its derivatives manufacturers to retain their market share and competitiveness. The market for SBCs is partially consolidated as there are several products available in the market, increasing the competition.
The global SBC and its derivatives market is analyzed geographically based on the markets situated across the regions of North America, Europe, Asia Pacific, and the Rest of the World. As of 2019, Asia Pacific holds the largest market share in terms of revenue. The enhancement of infrastructural projects in the APAC region, along with the emergence of China as a manufacturing hub, is the crucial factor propelling the demand for SBC in the market.
Asahi Kasei Corporation, INEOS Group Holdings SA, Dynasol Group, BASF AG, Eni Versalis Spa, etc. are some of the prominent companies operating in the market across the globe.
Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments