Technavio Announces the Publication of its Research Report Global SBC and Its Derivatives Market 2016-2020
Technavio recognizes the following companies as the key players in the global SBC and its derivatives market: Dynasol, Sinopec, LCY Chemical, PolyOne, TSRC, and Versalis.
Other prominent vendors in the market are: A. Schulman (Network Polymers), Asahi Kasei Elastomers, BASF, Chevron Phillips Chemical, Chi Mei, Denka, En Chuan Chemical Industries, ExxonMobil, Firestone Polymers, Huntsman, JSR, Kumho Petrochemical, LG Chem, and Teknor Apex.
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Commenting on the report, an analyst from Technavios team said: One of latest trends in the market is growing consumption of SIS in adhesives and sealants. SBC and their derivatives are crucial for the production of adhesives and sealants owing to their viscosity reduction and material softening properties. SBC is used to adjust the resin viscosity and the glass transition temperature in the elastomeric stage during the manufacturing of adhesives. It is used to produce sealants with higher solid content.
According to the report, one of the primary drivers in the market is growth in construction segment in China. Even the volatile real estate sector has shown great promise since 2010. It currently accounts for nearly one-third of the global construction industry. In addition, the entry of major construction players from the EU in the lucrative Chinese market in recent years has fueled the segment’s growth. The construction industry was one of the major end-users of adhesives and sealants and SBC and its derivatives for paving and roofing applications in 2015, and the fast-growing applications of SBCs are providing prospects for the market growth during the forecast period.
Further, the report states that one major challenge in the market is fluctuating cost of raw materials. The price of crude oil in the international market has been volatile in recent years due to the unstable political situation in Iraq, the second largest producer of crude oil among the Organization of the Petroleum Exporting Countries (OPEC). This has affected the prices of styrene and butadiene since 2010. There is now a rift between the production costs and sales values of manufacturers of SBC and its derivatives as the prices of SBC and its derivatives cope with the fluctuating prices of their raw materials.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About SBC and Its Derivatives
Styrenic block copolymers, commonly known as SBCs, belong to the family of thermoplastic elastomers. These polymers are consumed in bulk compared with other thermoplastic elastomers and exhibit properties similar to rubber, though they are processed as thermoplastics. They are added in additives and other high-performance polymeric compounds for the formulation of many products.
Technavios analysts forecast the global SBC and its derivatives market to grow at a CAGR of 5.01% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global SBC and its derivatives market for 2016-2020. To calculate the market size, the report presents the vendor landscape and corresponding detailed profiles of the six prominent vendors operating in the market.
The market is divided into the following segments based on geography:
Technavio’s report, Global SBC and Its Derivatives Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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