Current Trends For Styrenic Block Copolymers Market Revenue, Outlook, Segment, Competitive landscape and Forecast 2019-2025

The global styrenic block copolymers market size is expected to reach USD 10.8 billion by 2025, according to a new report by Radiant Insights, Inc. The market is projected to expand at a CAGR of 6.8% from 2019 to 2025. Increasing demand for advanced materials in building & construction to meet structural requirements is a key factor propelling the use of polymer modified bitumen and high-performance plastics. Structural applications requiring strength and lightweight materials are composed of copolymers as reinforcing agents as opposed to traditional metals.

Download Free Sample Report @ https://www.radiantinsights.com/research/styrenic-block-copolymers-market/request-sample

Regulations by several governments to promote sustainable construction practices for energy utilization and to reduce building waste are also likely to augment the demand for SBCs. Paving & roofing application accounted for 34.0% of the global volume in 2018. The shift in trend towards developing alternative routes for production using bio-based raw materials is expected to positively influence the industry dynamics as they are recyclable and reusable, which has enabled the substitution of PVCs, rubber, and other conventional materials.

Styrene-Butadiene Styrene (SBS) was the most widely used product with its key applications ranging from paving & roofing to adhesives & sealants. The segment was valued at USD 4.94 billion in 2018. Footwear, polymer modification, and adhesive applications collectively accounted for nearly 57% of the overall SBS volume in 2018. Increasing demand for SBS in the modification of polymers, such as ABS, high impact polystyrene, EVOH, polyolefins, and bulk molding compounds, as a means to impart impact strength, durability, and flexibility will drive segment growth in future.

Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/styrenic-block-copolymers-market

Further key findings from the study suggest::
• The global styrenic block copolymers market demand was over 2.22 kilotons in 2018 and is expected to reach 3.08 kilotons registering a CAGR of 4.8% from 2019 to 2025

• Asia Pacific was the dominant consumer and accounted for over 45% of the overall volume in 2018. The region is characterized by favorable outlook on end-use industries

• Strong growth in the manufacturing and construction sectors in the region is touted to drive demand for adhesives, sealants, cable wires, and high-performance plastics, thereby boosting the product demand

• Key companies in this market include Asahi Kasei, Chevron Philips, LG Chem, Dynasol Elastomers, Momentive Specialty Chemicals, Eastman, Kraton Performance Polymers, INEOS Styrolution, and BASF SE

• The market also has a strong presence of integrated companies who are actively involved in raw material production as well

Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals

About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/

Comments

Post a Comment

Popular posts from this blog

Industrial Connectors Market Basis Of Type, Applications, Distribution Channel And Geography 2013-2028

The global Industrial Connectors market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Industrial Connectors from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Industrial Connectors market. Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-industrial-connectors-market/request-sample Leading players of Industrial Connectors including: • TE Connectivity • Delphi Connection Systems • Amphenol • Molex • JAE • Sumitomo Wiring Systems • Yazaki • Rosenberger • JST • Hirose Electric • Harting • Phoenix Contact • Dai-ichi Seiko Market split by Type, can be divi
Read more

U.S. Cannabis Market is Anticipated To Be Valued At USD 40.1 Billion By 2030

  U.S. Cannabis Industry Overview The U.S. cannabis market size was valued at USD 13.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. In the United States, cannabis is often used in the cosmetic, pharmaceutical, and food & beverage industries. The increasing legalization of cannabis and rising acceptance of its use for medical purposes are the key factors driving the growth of the market. The increasing research on the use of cannabis and its medicinal properties has led to its increased use to treat various chronic conditions. They are found to be effective in treating chronic pain and nausea caused due to chemotherapy. Furthermore, the constant rise in the legitimization of medical cannabis has resulted in the growth of the market. For instance, the Food and Drug Administration (FDA) has approved the use of cannabis-derived drug products such as Epidiolex, Cesamet, etc. for treating seizures, and chemotherapy-induced
Read more

Bioplastics Industry 2022-2030: Comprehensive Market Study

  Bioplastics Industry Data Book | Forecast 2030 Bioplastics Industry Data Book - Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Market Grand View Research’s bioplastics sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.   Access the Global Bioplastics Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Read more