SBC and Its Derivatives Market Growth, Trends And Forecast By 2023
Posted by Preeti Verma on September 27th, 2018
SBC and its derivatives refer to thermoplastic elastomers. Its properties are similar to the rubbers, attributed mainly to its physical and chemical characteristics, such as low drug absorption, biodegradability, high resilience, optical clarity, toughness, and process stability. SBC and its derivatives can also be processed as thermoplastic materials.
They are used for asphalt modification and bitumen in flooring and tiling purpose in the construction industry. SBC and its derivatives are also used widely to reduce solution viscosity in the coating, adhesive, and sealants during the elastomeric phase in the production processes. SBC and its derivatives are also used in the manufacturing advanced materials and of footwear.
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However, the markets of SBC in developed regions such as Asia-Pacific and North America is heading towards saturation as a result the major players in the SBC and its derivative are started moving towards the developing economy. The companies operating in the SBC and its derivatives have also started focusing more on the cost-effective and environment friendly SBC derived products such as styrenic copolymers and bio-based SBCs.
Based on the various applications of SBC and its Derivatives the global SBC and its ierivatives market can be bifurcated as Paving and Roofing, Footwear, Advanced Materials application, Adhesives, Sealants, and Coatings application, and other application. Based on the different product type the global SBC and Its derivatives market can be bifurcated as SBS, SIS, SEBS, SEPS and other H-SBC.
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Some of the major factors driving the global SBC and its derivatives market is development of bio-based alternatives for synthetic SBCs and its growing adoption due to stringent government regulations. The synthetic SBS and its derivatives are replaced by soybean-based SBS polymers in numerous applications including, personal care, bitumen modification and coating applications.
SBC and its derivatives are growing among various end-user markets such as infrastructure, construction, footwear, and other industries which is driving the global SBC and its derivatives market. Moreover the increment in the global trade due to improved economic situation, growing population in developing economies, and rising investments in infrastructure and construction in developing countries, are some of the dominant drivers of the global SBC and its derivatives market. China is the leading consumer of SBC and accounts for about 35 percent of the global SBC consumption.
Moreover the increment in the global trade due to improved economic situation, growing population in developing economies, and rising investments in infrastructure and construction in developing countries, are some of the dominant drivers of the global SBC and its derivatives market. China is the leading consumer of SBC and accounts for about 35 percent of the global SBC consumption.
Some of the major players operating in the global SBC and its derivatives market include, Asahi Kasei Elastomers, Chevron Phillips Chemical Co, BASF SE, China National Petroleum Corp. (CNPC), Eni SpA (Versalis), Dynasol Elastomeros SA, LCY Chemical Corp, Kraton Performance Polymers Inc., PolyOne Corp., LG Chem Ltd., TSRC Corp and Sinopec.
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