Growth of major end use industries including construction/infrastructure and footwear, especially in high growth markets of China, India and Brazil is expected to be a key factor for SBC market development. Volatile raw material prices are expected to be a key challenge for market participants over the forecast period. Styrene-butadiene-styrene (SBS) emerged as the leading product segment and accounted for 76.2% of total market volume in 2013. SBS was followed by HSBC (Hydrogenated Styrenic Block Copolymers) which accounted for 13.2% of total market volume in 2013. HSBC is also expected to be the fastest growing product segment, at an estimated CAGR of 5.3% from 2014 to 2020.
Further key findings from the study suggest:
- The global market for SBC was 1,814.8 kilo tons in 2013 and is expected to reach 2,457.9 kilo tons by 2020, growing at a CAGR of 4.5% from 2014 to 2020.
- Paving and roofing applications dominated SBC demand, accounting for 36.1% of total market volume in 2013.
- Paving and roofing was followed by footwear which accounted for 24.6% of total market volume in the same year. However, advanced materials are expected to be the fastest growing application market for SBCs, at an estimated CAGR of 5% from 2014 to 2020.
- Asia Pacific continued its dominance in the global SBC market and accounted for 45.6% of total market volume in 2013 to become the largest regional SBC consumer.
- Asia Pacific along with being the largest market is also expected to be the fastest growing market for SBC at an estimated CAGR of 4.8% from 2014 to 2020.
- The global SBC market is highly concentrated, as top four companies including Sinopec, Kraton, LCY Chemical and Dynasol accounted for over 60% of total market in 2013. Some of the other companies operating in the global SBC market include LG Chemicals, TSRC and Dushanzi among some other companies
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For the purpose of this study, Grand View Research has segmented the SBC market on the basis of application and region:
Global Styrenic Block Copolymers Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- Styrene-Butadiene-Styrene (SBS)
- Styrene-Isoprene-Styrene (SIS)
- Hydrogenated Styrenic Block Copolymers (HSBC)
Global Styrenic Block Copolymers Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- Paving and Roofing
- Footwear
- Advanced Materials (compounding, personal care & polymer systems) Adhesives, Sealants and Coatings
- Others
Styrenic Block Copolymers Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
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