San Francisco, California (PRWEB) June 23, 2014
The global market for Styrenic Block Copolymer (SBC) is expected to reach USD 8.26 billion by 2020, according to a new study by Grand View Research, Inc. Growth of major end use industries including construction/infrastructure and footwear, especially in high growth markets of China, India and Brazil is expected to be a key factor for SBC market development. Volatile raw material prices are expected to be a key challenge for market participants over the forecast period.
Styrene-butadiene-styrene (SBS) emerged as the leading product segment and accounted for 76.2% of total market volume in 2013. SBS was followed by HSBC (Hydrogenated Styrenic Block Copolymers) which accounted for 13.2% of total market volume in 2013. HSBC is also expected to be the fastest growing product segment, at an estimated CAGR of 5.3% from 2014 to 2020.
The report “Styrenic Block Copolymer (SBCs) Market Analysis By Product (SBS, SIS, HSBC), By Application (Paving and Roofing, Footwear, Advanced Materials, Adhesives, Sealants, Coatings) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/styrenic-block-copolymers-sbcs-industry.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the SBC market on the basis of application and region:
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