Styrenic Block Copolymer (SBC) is centered on copolymers with two-phase blocks of soft and hard fragments. The styrene end blocks provide thermoplastic properties and the butadiene mid-blocks offer elastomeric properties. According to Fortune Business Insights™, the styrenic block copolymer market size was valued at USD 7,163.6 million in 2020 and is anticipated to grow from USD 7,514.1 million in 2021 to USD 10,010.5 million by 2028 at a CAGR of 4.2% during the forecast period. The market is expected to grow during the forecast period due to increasing demand for medical apparatuses, such as bags, IV drip chambers, and tubing, owing to the rising COVID-19 cases globally. The increasing demand in several applications, such as medical devices, polymer modification, footwear, paving & roofing, and adhesives & sealants, is also estimated to drive the market.
Market for Styrenic Block Copolymer is Growing at a Fast Pace During Pandemic Due to Rising Demand in the Healthcare Sector
The impact of the COVID-19 pandemic on the market for styrenic block copolymer can vary across industries such as hygiene, medical, automotive, and construction. Sectors, such as hygiene products, food packaging, and medical, are anticipated to develop rapidly during the pandemic, which is expected to fuel the market growth. The construction industry is projected to witness a negative impact due to the widespread lockdown to restrict the virus spread. The industry’s supply chain is disrupted as supplies are transported from countries fighting COVID-19, many of which have shut down factories to combat the pandemic.
10 Top Companies in the Styrenic Block Copolymer Industry:
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China Petrochemical Corporation
China Petrochemical Corporation is headquartered in China and operates in the oil and energy industry. It was established in 1998 and offered commercial and household products. It also provides oil products, natural gas, lubricants, asphalt, catalyst, liquid petroleum gas, and fuel cards. It produces several styrenic block copolymer such as SIS and SBS. SIS is used in hot-melt pressure-sensitive adhesives, whereas SBC is used in modified polymers, adhesives, shoe material, and asphalt modification.
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TSRC
TSRC was established in 1973, and is headquartered in China. The company produces and markets synthetic polymers globally. It functions in three segments, non-synthetic rubber, synthetic rubber, and other synthetic rubber. TSRC supplies a new generation of synthetic rubber, including SIS, SBS, and others. These products are widely used in plastic modification, asphalt modification, adhesives, auto parts, shoes, and wire.
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Dynasol Group
Dynasol Group is one of the leading companies and holds a prominent global market position. The company produces elastic polymers and has several technology centers, R&D centers, and manufacturing plants worldwide. It offers flexible and high-quality polymers for the adhesives, compounding, and asphalt industries. These styrenic block copolymers are widely used in polymer modification, asphalt/bitumen modification, sealants, vulcanized compounding, and adhesives.
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LCY GROUP
LCY GROUP is noted for its environmental sensitivity and sustainability technologies. Solvents, methanol, thermoplastic elastomers, and polypropylene resins are among the products that the company produces and sells. Styrenic block copolymer is a thermoplastic synthetic rubber that is made from styrenic/isoprene or styrenic/butadiene and is manufactured by LCY GROUP under the brand name LCY Globalprene. It also makes polysilicon in a variety of grades along with copper foils and other items such as steel drums.
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PolyOne
PolyOne is a U.S.-based company established in August 2000. It provides services to various industries, including transportation, electronics & electrical, healthcare, building & construction, textiles, and packaging. It operates in more than 35 countries and acquired more than 10,000 customers. It mainly operates in Asia Pacific, North America, Europe, and South America. PolyOne in the SBC market offers various products under the name Cariflex.
Thermoplastic Elastomers will Augment Growth in the Automotive Sector
Augmented transition means new development scenarios for Thermoplastic Elastomers (TPE) in the automobile sector. Modification of development in vehicle models at the simplest level provides the opportunity for TPEs in long-standing applications to replace flexible plastics and thermoset rubber. However, currently, underway developments often beat what has been a long-standing convention in car production, thereby generating a high demand for new roles of engines, new design ideas, and new types of parts. TPEs’ flexibility and simplicity of design make them ideal components to fulfil the demand.
About the Author:
Amruta is an Engineer but is equally passionate about creative writing and clutches every opportunity to deliver precise articles. Apart from writing, Amruta enjoys watching standup comedy and exploring various places.
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