The styrenic block copolymer market is expected to reach USD 8.2 billion by 2028. The study covers the global styrenic block copolymer market and its various applications such as paints & coatings, adhesives, other and region-wise analyses of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Styrenic block copolymers are terpolymer materials with styrene as a major constituent. Styrenes, which account for about 40% of the world's plastics production, consist mainly of polystyrene and ABS (acrylonitrile-butadiene-styrene). They offer better processability than their methyl methacrylate counterparts because they have higher free volume contents. The properties that make this type of polymer appealing to manufactures include elasticity, impact resistance, chemical resistance, and proximity to the glass transition temperature. ABS is an example of styrenics used in automotive applications such as bumpers on automobiles or other vehicle components where it may be exposed to harsh chemicals like fuels or oils during its service life.
Styrenic block copolymers are a subclass of styrenes. A typical SEBS polymer will consist of an elastomer and a rigid, hard segment that may be made from polystyrene or ABS. The high stiffness imparted by the hard segments allows for better processability during manufacture to form films, sheets, plasticized PVC pipes, and other molded parts as well as improved mechanical strength compared to homopolymer blends when compounded in semi-crystalline thermoplastics such as PS (polystyrene). This property also makes these types of chemicals more suitable than their counterpart methyl methacrylate plastics for applications requiring proximity with glass transition temperature like cables insulation due to its excellent heat resistance performance.
On the basis of type, the global styrenic block copolymer market is segmented into SEBS, SIS, and others.
SEBS styrenic block copolymers are made through the condensation of two monomers and have an ethylene-styrene base. They can be made by polymerizing together styrene and butadiene in an alternating sequence, or they may contain other polymeric segments as well. In this case, SEBS is also known as a semi-additive elastomeric block copolymer (SAEBC) or styrene-butadiene elastomer (SB).
SEBS is often used in automotive applications for door seals, gaskets, and other flexible products due to its toughness. It also has a relatively high heat resistance performance because of its ethylene base which makes it an excellent choice when working with glass transition temperature materials like cable insulation. The low cost of production is another reason why SEBS became popular among manufacturers.
SIS (styrene-isoprene-styrene) is a block copolymer that has found its way into the production of adhesives and coatings. It consists of styrene molecules, which are polymers with repeating units containing mainly carbon atoms, hydrogen atoms, and unsaturated bonds (-C=C-) in a chain structure. Styrenes have only one double bond for every two single bonds between them; this means they're more reactive than other common plastics like PET or PVC which contain hydrocarbons. They also require fewer end groups to provide effective properties such as flexibility or water resistance when applied to surfaces because they can form different molecular structures depending on their surroundings - unlike most elastomers that do not change their molecular structure.
On the basis of application, the global styrenic block copolymer market is segmented into paints and coatings, adhesives, others.
The paints and coatings segment is the largest end-user in the styrenic block copolymer market, accounting for a major share of demand. Paints & Coatings include various types such as primers, exterior house paint, interior wall coating, and others. Paints & Coatings is the most prominent application segment in this market, accounting for a major share of demand. Paints & Coatings include various types such as primers, exterior house paint, interior wall coating, and others.
Styrenic block copolymers are widely used as an adhesive in the construction industry. The use of styrene-butadiene (SBR) as a binder is widespread, with SIS being the most popular choice for high-performance adhesives designed to resist aging and ultraviolet light exposure when used outdoors.
One way styrenic block copolymers are used is as an adhesive. For example, SEBS can be a significant component of rubber in products like tires and shoes because it provides excellent adhesion to plastics. The right amount of SIS makes this kind of material resistant to abrasion (wear) from other materials rubbing against one another while being transported or stored.
On the basis of region, the global styrenic block copolymer market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American styrenic block copolymer market is expected to dominate the global industry due to higher demand from end-users in this region such as automotive manufacturers. North America dominates the styrene block polymer industry with about 44%; APAC follows close behind with 36%. Europe accounts for 16%, and Latin America rounds out this area with 13%. The developing economies of China and India are expected to contribute significantly towards growth in the APAC region.
The styrenic block copolymer market is driven by factors such as growing demand for coatings, paints, and adhesives. Increasing industrialization across the Asia Pacific & Middle East countries owing to rapidly developing economies has also fuelled the growth of the styrenic block copolymers in these regions. Moreover, the use of environmentally friendly material with low VOC emission rates will increase the application scope of this polymer globally.
Up Market Research published a new report titled “Styrenic Block Copolymer Market research report which is segmented by Types (SEBS, SIS, Other), By Applications (Paints & Coatings, Adhesives, Other), By Players/Companies SINOPEC, Zeon Corporation, BASF SE, LG Chemicals, Chevron Phillips, Eastman Chemical Company, Dynasol Elastomers, LCY Group, Polyone and Versalis, Kraton Performance Polymers, Kumho Petrochemicals Co., JSR Corp., Momentive Specialty Chemicals, Asahi Kasei”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Styrenic Block Copolymer Market Research Report|
|By Type||SEBS, SIS, Other|
|By Application||Paints & Coatings, Adhesives, Other|
|By Companies||SINOPEC, Zeon Corporation, BASF SE, LG Chemicals, Chevron Phillips, Eastman Chemical Company, Dynasol Elastomers, LCY Group, Polyone and Versalis, Kraton Performance Polymers, Kumho Petrochemicals Co., JSR Corp., Momentive Specialty Chemicals, Asahi Kasei|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||230|
|Number of Tables & Figures||161|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type SEBS, SIS, Other and By Application Paints & Coatings, Adhesives, Other.
Some of the companies that are profiled in this report are:
Styrenic Block Copolymer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Styrenic Block Copolymer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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