Global SBC Market 2015-2019
SBC belong to the family of thermoplastic elastomers. SBC are consumed in bulk compared to other thermoplastic elastomers and have properties similar to rubber, though they are processed as thermoplastics. SBC are added in additives and other high-performance polymeric compounds for the formulation of the final end-products. The major end-users of SBC include the Footwear, Paving and Roofing, and Medical and Personal Care industries. SBC possess unique properties such as recyclability, elastic quality, and good flexibility at lower temperatures.
TechNavio's analysts forecast the Global SBC market to grow at a CAGR of 5.61 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global SBC market for the period 2015-2019. It also provides data on the different segments of the market, based on the following:
Technavio Announces the Publication of its Research Report – Global SBC Market 2015-2019
Technavio recognizes the following companies as the key players in the Global SBC Market: Dynasol Elastomeros SA, Kraton Performance Polymers Inc., LCY Chemical Corp. and Sinopec Ltd.
Other Prominent Vendors in the market are: A. Schulman and Network Polymers, Dushanzi, Eastman Chemical, LG Chemicals, PolyOne, Styrolution and TSRC
Commenting on the report, an analyst from Technavio’s team said: “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.”
According to the report, the growing end-user markets of SBC are the major factor that drives the market growth. Major end-users such as the Construction, Infrastructure, Footwear, and Other industries are experiencing robust growth because of the improved global economic situation, growing populations in developing countries, and increased investments in infrastructure and construction activities.
Further, the report states that the rise in raw material prices in the Global SBC market is a major restraint for the market growth. The fluctuating crude oil prices have an adverse impact on the price and availability of the basic SBC raw materials.
Dynasol Elastomeros, Kraton Performance Polymers, LCY Chemical , Sinopec , A. Schulman and Network Polymers, Dushanzi, Eastman Chemical, LG Chemicals, PolyOne, Styrolution Group, TSRC