Styrene Ethylene Butylene Styrene Market Pit Falls and Growth Prospects from 2017 to 2024: Global Market Insights, Inc.
Global styrene ethylene butylene styrene market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers. Styrene Ethylene Butylene Styrene Market size will witness a significant growth, owing to increasing demand of the thermoplastic rubbers for end use application as an alternative to PVC in the forecast period. Rising demand for adhesive & sealant and coating applications will add to styrene ethylene butylene styrene market size in forecast time frame. High-strength, flexibility and good temperature resistance are the major driving factors for styrene ethylene butylene styrene market growth. Rising demand of thermoplastic elastomers in construction industry will propel the growth for styrene ethylene butylene styrene market in forecast time frame. SEBS applications as natural rubber is anticipated to increase substantially which will add to styrene ethylene butylene styrene market size. Increasing demand of products with thermo-oxidative stability, high UV and ozone-resistance, high dispensability, stability in high-temperature processing will benefit product growth. Further, superior electrical properties will propel the demand of the product in wire or cable products.
SEBS can be compounded to manufacture materials with improved grip, appearance and feel. Surge in product demand for toys, sports and leisure, packaging, hygiene and automotive will lead to rise in styrene ethylene butylene styrene market size. Approval of health agencies mainly FDA and BGW for application of SEBS will further propel the product demand in the global market. The styrene ethylene butylene styrene market is vulnerable to fluctuating raw material cost, however the problem will be moderated in forecast period due to rising manufacturing capacities. Multiple benefits of this product in wide range of applications and low environmental impact will drive the market growth. U.S. is projected to provide various growth opportunities for the product owing to surge in product application in the medical field mainly for peristaltic pumps along with uses in vaccine and pharmaceutical manufacturing. SEBS is replacing PVC for numerous applications in the region. For instance, Canada will invest heavily in pipeline infrastructure to improve productivity in the region which will add to styrene ethylene butylene styrene market size. Many manufacturing companies are now shifting focus to styrene block copolymers due to social pressure to find more ecofriendly ways to produce their products. 1|Page