Olefinic Block Copolymer (OBC) Market Anticipated to grow at a CAGR of 10% by 2025
PUNE, India, August 14, 2018 /PRNewswire-iReach/ -- Industry Dataanalytics added Latest Research Report titled "Global Olefinic Block Copolymer (OBC) Market Study 2018-2025″ to its Large Report database.
This market study describes the Olefinic block copolymer (OBC) global market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Germany, France, Italy, U.K., China, Japan, India and South Korea.
The market is segmented mainly according to the application in acrylic esters, footwear, adhesives, houseware, infrastructure, and others. OBC Market data in term of volume and value for each application at regional and country level will be provided.
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Top Leading Companies are: The Dow Chemical Company, Etc.
The report provides answers to the following key questions:
How big is the Olefinic Block Copolymer (OBC) market?
How is the market evolving by demand, segment and region?
What will the market size be in 2025 and at what rate will it grow?
What trends, challenges and barriers are influencing its growth?
Historical and future price trends for Olefinic Block Copolymer (OBC).
This independent 200 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Olefinic Block Copolymer (OBC) market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.
Furthermore, the report provides a detailed analysis of the global Olefinic Block Copolymer (OBC) market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
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OBCs sought as an alternative to elastomers like Styrene Block Copolymers (SBC). Further, OBCs are used along with Ethylene-Vinyl Acetate (EVA) in the form of blends and in foam applications. It can also be used as a replacement of EPDM in compounded thermoplastic olefins (TPO). OBCs are widely used as compatibilizer in PP/HDPE blends.
Olefinic Block Polymers are of two types:
1. Polyethylene Based: Polyethylene based OBCs are polymers of alternating polyethylene and ethylene/ -olefin copolymer blocks. It is currently manufactured under the brand name INFUSE by Dow Chemicals.
2. Polypropylene Based: Polypropylene based OBCs contain blocks of isotactic polypropylene and ethylene propylene copolymer. It is currently manufactured under the brand name INTUNE by Dow Chemicals.
The global OBCs market is forecast to grow at a CAGR of 10.0% between 2017 and 2025. Asia-Pacific is the biggest market at global level in 2017 accounting for almost 67% of the global demand on account increase in athletic footwear market and shift of the footwear manufacturing from North America and Europe to Asia-Pacific regions like China, India, Vietnam, South Korea and other South East Asian Countries.
North America is estimated to account for 13.4% OBCs consumption at a global level while Western Europe’s share is estimated to be around 10.8%. The other regions like Central & Eastern Europe, Central & South America and Middle East & Africa together account for 8.9%.
Key demand drivers for OBCs especially INFUSE OBCs have been their application in the footwear industries, hot melt adhesives (HMA) and pressure sensitive adhesives (PSA). In 2017, Footwear applications constituted the largest demand for OBCs accounting for nearly 50% of the total demand followed by adhesives applications accounting for around 27% of the total demand. Houseware applications accounted for about 11% of the total demand. All other applications including, infrastructure constituted about 5-8% each of the total demand.
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