The Global Styrenic Block Copolymer (SBC) Market to show 3.7% CAGR from 2021-27

The global Styrenic Block Copolymer (SBC) market was valued at US$ 5806.2 million in 2020 and it is expected to reach US$ 7719.2 million by the end of 2027, growing at a CAGR of 3.7% during 2021-2027.

Styrenic Block Copolymers (SBCs) are high-performance thermoplastic elastomers engineered to improve the performance capabilities of a broad range of end products and applications. SBC is primarily classified into three types, namely styrene-butadiene-styrene block copolymers (SBS), styrene-isoprene-styrene block copolymers (SIS) and styrene-ethylene-butylene-styrene block copolymers (SEBS).

The rising consumption rates of SBC in the healthcare industry is estimated to be one of the major factors that will have a positive impact on the growth of the market.The characteristics such as biodegradability, low drug absorption, high resilience, toughness, optical clarity, and process stability drives the demand for SBCs in the healthcare sector. These copolymers are increasingly used as substitutes of PVC in many tubing applications. Innovations and advancements in the medical sector and the increasing need for enhanced bio-degradable thermoplastic elastomers to manufacture medical bags, medical tubing, and syringes are driving the adoption of SBC in the medical sector.

Global Styrenic Block Copolymer (SBC) Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Styrenic Block Copolymer (SBC) Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Kraton, Dynasol, Kuraray, Asahi Kasei, Kumho Petrochemical, LG Chem, TSRC, Chi Mei and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-styrenic-block-copolymer-sbc-market-outlook

Segment by Type

  • Styrene Butadiene Styrene
  • Styrene Isoprene Styrene
  • Hydrogenated Styrenic Block Copolymer

Segment by Application

  • Personal Care
  • Packaging & Industrial Adhesives
  • Footwear Industry

Table of Content:

1 Styrenic Block Copolymer (SBC) Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Styrenic Block Copolymer (SBC) Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Styrenic Block Copolymer (SBC) Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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