Styrene-butadiene belongs to a family of synthetic rubbers that are derived from butadiene styrene. These materials exhibit steady resistance against abrasion and good aging stability when it is protected with additives. Styrene-butadiene-styrene (SBS) copolymer block consists of butadiene and styrene linked homopolymer blocks, which belongs to thermoplastic elastomers. It is a type of hard rubber that finds applications in tire treads, shoe soles, and other places where durability is a major issue. SBS has various physical properties such as excellent tensile strength, a good conductor of electricity, impressive low-temperature behavior, and great workability. Moreover, polystyrene, which is a touch and hard plastic get its durability from SBS only. SBS finds applications in various industries including medical devices, adhesives, automobile parts, liquid sealing, electric devices, office automation industry, waterproofing materials, polymer alteration, etc.
Global SBS (styrene-butadiene-styrene) copolymer block market size is estimated to be valued at US$ 8.12 billion by 2024, and is expected to exhibit a CAGR of 5.1% during the forecast period (2019-2027). Increasing application of SBS copolymer block in sealant and adhesive applications is expected to increase the demand for SBS copolymer block and subsequently boost the market growth. SBS copolymer block-based sealants and adhesives have shown superior performance, as they enhance product reliability and lifespan. Furthermore, increasing adoption of growth strategies such as mergers and acquisitions, partnership, and expansion by key players is expected to support the market growth in the near future. Moreover, increasing usage of waterproofing materials, increasing demand for automobile parts, and increasing demand for asphalt for road and pavement construction are expected to support the growth of the market in the near future. Furthermore, increasing demand for high-quality footwear is expected to propel the global SBS (styrene-butadiene-styrene) copolymer block market growth. The footwear companies are replacing polyvinyl chloride (PVC) with styrenic polymers, in order to observe toxicity regulations. This is expected to increase the demand for SBS copolymer block and eventually support growth of the market.
Rapidly expanding road infrastructure around the globe poses an excellent opportunity for SBS copolymer block manufactures to enhance their revenues.
Market Regional Analysis
Asia Pacific holds the largest market share and is expected to be the fastest growing market around the globe. This is owing to increased usage of altered asphalts for waterproofing purpose. Global SBS (styrene-butadiene-styrene) copolymer block market is expected to have significant growth in Europe, Middle East, Africa, Latin America, and North America, owing to rapid industrial and economic growth in respective regions.
Key players operating in global SBS (styrene-butadiene-styrene) copolymer block market include Polimeri Europa, Sinopec Maoming Company, Dexco Polymers LP, Total Petrochemicals USA, Inc., Firestone Polymer, Kraton Performance Polymers, Inc., China National Petroleum Corporation, ShenZhen Yanshan Petrochemical Trade Co., Ltd., Dynasol Elastomers, and Sinopec Baling Company.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.