Market Overview:
Styrenic block copolymers (SBCs), which combine the properties of a thermoplastic resin and an elastomer, are a type of block copolymer with an elastomeric central arrangement and polystyrene-based end-segments. The rubbery polymers polyisoprene, polybutadiene, and ethylene-butene copolymer can be used to make the central blocks, which have viscoelastic properties. There are different ways to make these polymers, but the most common ways are di-block, linear, and multi-block. At the moment, SBCs are used a lot to change polymers, pave and roof, and make hot-melt pressure-sensitive adhesive (PSA) products like tapes and labels.
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The market is growing because SBC is being used more and more in many different fields. It is used to improve the performance and lower the overall cost of making sealants, gasket materials, rubber bands, toys, and shoe soles, among other things. It is also used to make adhesives for diapers and elastic films. It is also becoming more popular as a hardener and impact modifier in plastics and glues. Aside from this, SBS-modified bitumen is often used to pave roads and make roofs. The market is also growing because there are more construction projects going on and more countries are putting more effort into improving their infrastructure. SBC is also used in medical bags, flexible films, and tubing for intravenous (IV) systems, peristaltic pump systems, home care equipment, and other drug delivery systems because it is flexible, resilient, strong, and durable. In the coming years, the market is likely to grow because there will be more people who need these medical supplies.
Regional Insights:
Asia-Pacific led the market and brought in more than 43.0% of the money in 2019. The growth in emerging economies like India, China, and Indonesia is being driven by the construction industry. This is because of government programmes that encourage basic amenities and the growing need for affordable housing. Also, consumers are becoming more aware of their carbon footprints, and strict rules about carbon footprints are expected to help green buildings get built. This is likely to increase the demand for materials like styrenic block copolymers that are light and can last for a long time.
The construction industry in Asia-Pacific is expected to grow quickly, especially in countries with growing economies like China, India, Indonesia, Vietnam, and others in Southeast Asia. The construction industry is growing because the number of people living in these countries is growing quickly, more people want affordable housing, and governments are putting in place programmes to help people get food and shelter.
Rising demand for permanent homes in rural areas of emerging economies like India and South East Asian countries is likely to increase the need for long-lasting roofing systems that don’t cost much. The government and foreign investors are likely to put more money into residential and non-residential construction in countries like India, Vietnam, Thailand, and Indonesia to make sure that people have safe places to live and do business.
The market in North America will be driven by an increase in the use of SBC in food packaging as stretch wrapping films and by regulatory approval in the U.S. for the use of SBC in medical applications like medical tubing. The market is expected to grow even more thanks to strong demand from the shoe industry and a rise in the number of projects to improve roads. SBS is used in vulcanised compounding and to change the properties of bitumen because it flows easily at processing temperatures and acts like elastic rubber in most applications. SBS rubbers are used to make gaskets, sealants, hot-melt adhesives, rubber bands, toys, bitumen products, and shoe soles.
Over the next few years, the market for styrenic block copolymer in North America is expected to be driven by strong infrastructure development in Canada and Mexico and rising demand for products used in paving and roofing. When the U.S. FDA and the U.S. Pharmacopoeia say that these block copolymers can be used in the medical industry to cut down on the use of PVC, the market is likely to grow.
Styrenic Block Copolymer (SBC) Market: Regional Segment Analysis
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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