SBC and Its Derivatives Market Trends, Share, Growth, and Forecast

According to IMARC Group's latest research report, titled "SBC and Its Derivatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights into the market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global SBC and its derivatives market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

SBC and Its Derivatives Market Outlook:

Styrenic block copolymers are a part of thermoplastic elastomers and are one of the lowest-priced commercial thermoplastic elastomers. They are manufactured by ionic copolymerization of styrene and butadiene (SBS) or styrene and 2-methyl-1,3-butadiene (SIS). They can be processed as thermoplastic materials. SBC and its derivatives are a part of the thermoplastic elastomer (TPE) family. Compared to other TPEs, their consumption is accelerating due to their cost-effective nature. Due to exceptional physical and chemical properties such as biodegradability, drug absorption, optical clarity, process stability, and toughness, SBC and its derivatives are extensively utilized in multiple applications in industrial and commercial sectors. They assist in the formulation of several products, such as adhesives and sealants, asphalt and bitumen modification, polymer modification, and vulcanized compounding.

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Global SBC and Its Derivatives Market Growth:

The global market is majorly driven by rapid technological advancements in product and process technologies. In line with this, the increasing demand for SBC and its derivatives in paving and roofing in the construction industry is significantly contributing to the market growth. Furthermore, the growing demand for medical equipment, devices, and materials with high waterproofing capabilities to lower the risk of contamination is positively influencing the market. Apart from this, the escalating environmental concerns and stringent regulations imposed by various governments to reduce polyvinyl chloride (PVC) are catalyzing the market. These regulations are encouraging the use of SBC and its derivatives and other thermoplastic materials for commercial applications.

Key Market Segmentation:

Competitive Landscape with Key Players:

• 3M Company
• Asahi Kasei Corporation
• Avient Corporation
• BASF SE
• China Petroleum & Chemical Corporation
• Denka Company Limited
• Dynasol Group
• Kraton Corporation (DL Chemical Co., Ltd.)
• LG Chem Ltd. (LG Corporation)
• LYC Group
• TRSC Corporation
• Versalis (Eni S.p.A.)

Product Type Insights:

• Styrene-Isoprene-Styrene (SIS)
• Styrene-Butadiene-Styrene (SBS)
• Styrene-Ethylene-Butadiene-Styrene (SEBS)
• SEPS and Other H-SBC

Application Insights:

• Footwear
• Adhesives, Sealants and Coatings
• Roofing and Paving 
• Advanced Materials
• Others

Breakup by Region:

• North America (United States, Canada)
• Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance 
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape