Global SBC and its Derivatives Market 2016-2020

Overview of the global SBC and its derivatives market

Technavio’s market research analyst predicts the global SBC and its derivatives market to grow at a CAGR of around 5% between 2016 and 2020.  SBC and their derivatives find extensive application in the production of adhesives and sealants due to their viscosity reduction and material softening features. SBC is used to adjust the resin viscosity and the glass transition temperature in the elastomeric stage during the manufacturing of adhesives. It is also used for the production of sealants with higher solid content.  The consumption of SIS has increased considerably over the years owing to the rising demand for hot melt adhesives and sealants from the growing construction industry in the APAC region, especially in China. Moreover, the current stringent environmental regulations such as National Emission Standards for Hazardous Air Pollutants (NESHAP) have prompted several manufacturers to come up with cheaper, economically and environmentally favorable bio-based SBC polymers. The advent of such advanced low-styrene SBCs has opened new avenues for the manufacturers of SBC and its derivatives.

In terms of geography, APAC accounted for the largest share in the market nd will continue its dominance during the forecast period. The rapid surge in infrastructural developments and the emergence of China as a global manufacturing hub are the major factors that are fueling the consumption of SBC and its derivatives in the region. China was the key generating country in the market owing to its massive manufacturing capability of industrial and commercial products.

Competitive landscape and key vendors

LCY Chemical, Sinopec, PolyOne, TSRC, Dynasol, and Versalis occupy a major portion of the global SBC and its derivatives market. These vendors dominate the market and collectively account for more than 72% of the total market share. The leading players have a vast geographic presence, wide distribution network, and product and technical expertise, which aids them to extend their reach.  The competitive environment in the market will further intensify over the next four years with the growing focus on product extensions and technologies of SBC and its derivatives. Compliance with the environmental standards is very crucial for market vendors as it not only improves their brand image but also minimizes the possibility of incurring huge penalties.

Leading vendors in the market are -

• Dynasol
• Sinopec
• LCY Chemical
• PolyOne
• TSRC
• Versalis

Other prominent vendors in the SBC and its derivatives market include 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.

Segmentation by product type and analysis of the SBC and its derivatives market

• SBS
• SIS
• SEBS
• HSBC

The consumption of SBS is the largest in the market owing to its properties such as high surface friction coefficient, tensile strength, low-temperature behavior, workability, and electronic features. The expansion of adhesive and compounding applications and the increased adoption of polymer-modified asphalt in paving and roofing applications are driving the consumption of these polymers. SBS is primarily used in roadways, pavements, and roofing portions in the construction projects.

Segmentation by application and analysis of the SBC and its derivatives market

• Paving and roofing
• Footwear
• Advanced materials
• Adhesives, sealants, and coatings

The paving and roofing segment dominated the market in 2015. The demand for SBC for paving and roofing applications is driven by the growth in infrastructural development in emerging countries, including India. Asphalt or bitumen used for roofing and paving applications require polymer modifiers to meet temperature and property requirements. SBC is the most common polymer used for bitumen modification. The growth of the real estate market in several developing countries will further fuel the adoption of SBCs and their derivatives.

 Key questions answered in the report include

• What will the SBC and its derivatives market size and the growth rate be in 2020?
• What are the key factors driving the global SBC and its derivatives market?
• What are the key SBC and its derivatives market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global SBC and its derivatives market?
• What are the market opportunities and threats faced by the vendors in the global SBC and its derivatives market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global SBC and its derivatives market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Hot Melt Adhesives Market 2016-2020
• Global Derivatives Market 2015-2019
• Global SBC Market 2015-2019