- The key vendors in the Global SBC Market 2015-2019 are Dynasol Elastomeros SA, Kraton Performance Polymers Inc., LCY Chemical Corp. and Sinopec Ltd.
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global SBC Market 2015-2019. The emergence of bio-based alternatives for synthetic SBCs is one of the trends contributing to the market growth. Synthetic SBS polymers can be replaced using soybean-based SBS polymers in several applications including bitumen modification, personal care, and coating applications without change in specifications. The Global SBC market is expected to witness moderate growth in terms of revenue and volume, posting a CAGR of 5.61 percent and 4.96 percent, respectively, during the forecast period of 2014-2019.
The growth in the Polymer industry and the Construction industry is driving the demand for SBC in the global market. Moreover, the increased adoption of SBC for bitumen modification in pavement and roofing applications is propelling the market growth.
“China is the leading consumer of SBC and accounts for about 35 percent of the global SBC consumption,” says Faisal Ghaus, Vice President of Technavio Research.
“The emergence of the country as the world’s manufacturing hub has resulted in manufacturers shifting their polymer production and manufacturing bases to China, to take advantage of the low labor costs prevalent in the country.”
To define the market conditions 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%…
