Styrene-Butadiene-Styrene
(SBS) is a form of styrene block copolymer (SBC).
SBS copolymer belongs to the class of thermoplastic elastomers. It is composed
of styrene and butadiene homo-polymer blocks. It is a type of copolymer, also
called a block copolymer. Its backbone chain is fabricated by three segments.
The first segment is a long chain of polystyrene, the middle segment is a long
chain of poly-butadiene, and last segment is another long section of
polystyrene. It is used to manufacture tires, industrial goods, and shoes, as
well for the formulation of adhesives & polymer modification. It offers
little permanent deformations, excellent surface friction coefficient,
excellent low-temperature behavior, great tensile strength, good electric
property and great workability.
According to study, “World
SBS Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and
India)” the key companies operating in the world SBS market are LCY
Chemical Corp., Kraton Corp., LG Chem Ltd., Kumho Petrochemical Co., Ltd., Sibur,
Trinseo, Versalis SPA, China National Petroleum Corp. (CNPC), JSR Corp., Firestone
Polymers LLC, Asahi Kasei Corp., KKPC, Chi Mei Corp., BASF SE, Lanxess, TSRC
Corp., INEOS Styrolution Group GmbH, RTP Company, Sinopec Corp., Dynasol Elastomeros,
S.A.U, Keyuan Petrochemicals, CNPC, Jusage, LG Chem, Michelin, Bridgestone
Corporation, Synthos S.A., Shen Hua Chemicals, Reliance Industries Limited, Zeon
Corporation, Tianjin Lugang Petroleum Rubber Co., Ltd., Lion Elastomers, Sumitomo
Chemicals. The industry is determined with its supplier can be classified as
two types: thermoplastic elastomers suppliers and petrochemical suppliers.
Petrochemical suppliers provide major raw materials for instance styrene by
itself, while thermoplastic elastomers suppliers have to sourcing raw material
from the market. Petrochemical type suppliers generally have more advantage in
manufacturing cost saving. Additionally, thermoplastic elastomers type
suppliers have more advanced technology & close relationship with
downstream users.
Based on type, SBS market is segmented into radical SBS and liner SBS. Based on
product type, market is segmented into styrene 25%-35%, styrene 35%-45% and
styrene 45%-55%. Based on application, market is segmented into footwear,
polymer modification, asphalt modification, adhesives & sealants, electric
& electronic devices, medical devices, Thermoplastic Elastomer (TPE)
compounding and others. The footwear segment is expected to witness healthy
growth owing to rise in demand for high-performance sports footwear and
increase in per capita expenditure of the individuals during the forecast period.
The SBS market is driven by rise in demand from
footwear industry, followed by rapidly increase in road infrastructure, rise in
consciousness about safety during the operation of automobiles, increase in
concerns for fuel efficiency, growth in modified bitumen demand from
construction industry. However, volatile raw material prices may impact the
market. Moreover, thermoplastic elastomers for medical device and rise in
application scope in adhesives & sealants are key opportunities for market.
Furthermore, SBS application in tire treads is a major trend for market.
Based on geography, India and China countries
hold major share in SBS market owing to rapid
urbanization, rise in availability of cheap labor and increase in number of manufacturers
in the countries. USA country is estimated to witness lucrative growth rate due
to expand in healthcare and automotive industries over the forecast period. The
global market is anticipated to grow at a CAGR of approximately 3.5% over the
next five years, will reach US $4390 million in 2024, from US $3580 million in
2019.
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