High Performance Polyester Marketr 2021: Industry Analysis by Demand, Key Players, End Users, New Technologies, Various Product Types, Growth and Forecast 2028
Market Analysis
The global hydrogenated styrene block copolymers market is likely to
grow at a healthy CAGR between 2017- 2023, according to the recent Market
Research Future (MRFR) report. Hydrogenated styrene block
copolymers or HSBC is a polymeric material that is highly engineered and
manufactured by the hydrogenation of SBC (styrene block copolymer). It is
composed of thermoplastic and elastomeric material which possesses a triblock
structure. HSBC has high thermo-oxidative & UV stability. Owing to its
alluring features such as low toxicity, excellent chemical resistance
properties and low temperature, superior heat resistance and weather ability,
and good electrical insulation properties, HSBC has wide applications in
healthcare, chemicals, footwear, automotive, construction, and other
industries.
Various factors are adding to the global hydrogenated styrene block
copolymers market share. These factors, as per the new MRFR report, include
increasing construction activities across the globe, increasing use of
hydrogenated styrene block copolymer in the footwear production for its
durability and high tensile strength, rising demand from the automotive and
construction industries, and high thermo-oxidative & UV stability.
On the contrary, fluctuation in raw material costs and limitation on its
production owing to environmental concerns are factors that may limit the
hydrogenated styrene block copolymers market growth over the forecast period.
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global
hydrogenated styrene block copolymers market based on end use industry, type
& application.
By type, the hydrogenated styrene block copolymers market is segmented
into styrene ethylene butylene styrene (SEBS) and styrene ethylene propylene
styrene (SEPS). Of these, the SEBS segment will lead the market over the
forecast period for its increasing use in various end use industries.
By application, the hydrogenated styrene block copolymers market is
segmented into sealants, adhesives, films, coating, and others. Of these,
coatings and adhesives will dominate the market over the forecast period.
By end use industry, the hydrogenated styrene block copolymers market is
segmented into healthcare, chemicals, footwear, automotive, construction, and
others.
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Regional Analysis
Based on the region, the global hydrogenated styrene block copolymers
market covers the recent trends and growth opportunities across Europe, the
Americas, the Asia Pacific (APAC), Latin America, and the Middle East and
Africa (MEA). Of these, the APAC region is predicted to spearhead the market
over the forecast period for the expansion of infrastructural projects, &
burgeoning demand from automotive industries and construction industries.
The hydrogenated styrene block copolymers market in North America is
predicted to hold the second-largest share over the forecast period. Factors
boosting the market growth include an increase in reconstruction activities,
and burgeoning demand from the automotive industry, and the aircraft
industry.
The hydrogenated styrene block copolymers market in Europe is predicted
to have healthy growth over the forecast period for the mounting use in the
automotive industry to make interiors of luxury vehicles and increasing use in
the healthcare industry in elastic components and coatings for various hygienic
products like diapers and sanitary napkins.
The hydrogenated styrene block copolymer market in Latin America is
predicted to have a small share during the forecast period and is predicted to
have steady changes in the years to come.
The hydrogenated styrene block copolymers market in the MEA is predicted
to have significant growth over the forecast period for easy availability of
raw materials and high investment potential.
Key Players
Notable players profiled in the global hydrogenated styrene block
copolymers market report include Teknor Apex (U.S.), Grupo Dynasol (U.S.), The
Hexpol group of companies (U.K.), LYC GROUP (Taiwan), China Petrochemical
Corporation (China), and Kraton Corporation (Japan). Industry players have
incorporated strategies such as acquisitions, mergers, contracts, geographic
expansions, strategic alliances, extensive research and development activities,
new product development, and joint ventures & collaborations to stay ahead
in the competition.
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