According to the latest market research study released by Technavio, the global SBC and its derivatives market is expected to grow at a CAGR of more than 5% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global SBC and its derivatives market based on product type:
Global SBC and its derivatives market share by product type 2015
|
SBS |
76.1% |
|
SIS |
10.7% |
|
SEBS |
10.0% |
|
HSBC |
3.2% |
Source: Technavio
Global SBS market
The global SBS market was valued at around 1,508 kilometric tons in 2015 and is estimated to grow at a CAGR of close to 5% by 2020. SBS is a hard rubber material that has incredible durability and finds various applications across different industries. Some of its applications include soles of shoes and tire treads. Polystyrene is majorly used to enhance the durability and Polybutadiene confers rubber-like properties to SBS. This material is also used in roadways, pavements, and roofing portions in the construction projects.
“The demand and adoption of SBS is primarily driven by its applications in the paving and roofing, footwear, and other purposes. The expansion of adhesive and compounding applications will fuel the growth in the market during the forecast period. The increasing adoption of polymer-modified asphalt in paving and roofing applications are driving the consumption of these polymers. Product features like high surface friction coefficient, tensile strength, low-temperature behavior, workability, and electric properties make the material preferable for use in most end-user applications,” says Swapnil T S, a lead analyst at Technavio for research on plastics, polymers, and elastomers.
Global SIS market
The global SIS market was valued at about 212 kilometric tons in 2015 and is estimated to grow at a CAGR of more than 5% by 2020. The market of SIS is primarily driven by the increase in the construction activities across the globe. The product has properties like minimal viscosity, exceptional strength, and minimal hardness for less complex processing, which, in turn, increases its application in various industries. These materials are commonly used for manufacturing pressure-sensitive adhesives and road marking projects.
Global SEBS market
The global SEBS market was valued at over 198 kilometric tons in 2015 and is estimated to grow at a CAGR of around 5% by 2020. The increasing adoption of these materials for the production of advanced materials, personal care and hygiene products, and medical devices will contribute to the growth of this market segment. These products have high medical applications as a replacement to flexible polyvinyl chloride and in the manufacture of high-quality medical bags and tubes for peristaltic pumps.
Global HSBC market
The global HSBC market was valued at more than 63 kilometric tons in 2015 and is estimated to grow at a CAGR of almost 6% by 2020. The various applications in several industrial and commercial sectors will make this the fastest growing segment of the market. The different applications of these products include soft touch and flexible materials, personal care and hygiene products, medical products, auto components, and adhesives and sealants.
The top leading vendors operating in the global SBC and its derivatives market are:
- Dynasol
- Sinopec
- LCY Chemical
- PolyOne
- TSRC
- Versalis
Other prominent vendors in the market include A. Schulman (Network Polymers), Asahi Kasei Elastomers, BASF, Chevron Phillips Chemical, Chi Mei, Denka, En-Chuan Chemical Industries, ExxonMobil, Firestone Polymers, Huntsman, JSR, Kumho Petrochemical, LG Chem, and Teknor Apex.
A more detailed analysis is available in the Technavio report titled, ‘Global SBC and Its Derivatives Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Hot Melt Adhesives Market 2016-2020
- Global Industrial Embedded Systems Market 2016-2020
- Global Derivatives Market 2015-2019
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