London, 23 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global SBC and its derivatives market, which is expected to grow moderately during the forecast period with a CAGR of 4.99%.
The growth in the end-user industries is a major factor fuelling market growth. The growth in the polymer and construction industries is driving the demand for SBC and its derivatives in the global market. Also, the increased adoption of these products for bitumen modification in pavement and roofing applications is boosting market growth.
“With the recent increased demand for hot-melt adhesives and sealants from the budding construction industry in APAC, especially in China, the consumption trend has started shifting toward styrene-isoprene-styrene,” says Faisal Ghaus, Vice President of Technavio.
“This is acting as a major positive trend for the market, as SIS is costlier in comparison to SBS and is not suffering from the challenge of oversupply.”
Key Market Drivers
- Growth of Construction Industry in China
- Increased Application in Healthcare Sector
- Demand from BRIC Nations
Key Market Trends
- Increased Use of SIS in Adhesives and Sealants Industry
- Introduction of New and Advanced Products
- Growing Raw Material Supply Constraints
Key Market Vendors
- Asahi Kasei Elastomers
- BASF SE
- Chevron Phillips Chemical Co.
- China National Petroleum Corp. (CNPC)
- Dynasol Elastómeros SA
- Eni SpA (Versalis)
- Kraton Performance Polymers Inc.
- LCY Chemical Corp.
- LG Chem Ltd.
- PolyOne Corp.
- Sinopec
- TSRC Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
