“Southeast Asia Styrenic Block Copolymers (SBCs) Market, By Product Type (Styrene Butadiene Styrene [SBS], Styrene Isoprene Styrene [SIS], Hydrogenated Styrenic Block Copolymer [HSBC]), By End-Use (Paving & Roofing, Footwear, Polymer Modification, Adhesives & Sealants, Wires & Cables), as well as by Country – Global Forecast 2021 to 2030.”, which offers a comprehensive view of the Southeast Asia Styrenic Block Copolymers (SBCs) Market through systematic segmentation that encompasses every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this sector is projected to be over $584.5 Mn, and is estimated to increase substantially over the latter part of the forecast period.
Styrenic Block Copolymers (SBCs) are the largest volume and one of the lowest priced commercial thermoplastic elastomers. They are produced by iconic copolymerization of Styrene and Butadiene (SBS) or of styrene and 2-methyl-1, 3-butadiene (SIS). It has higher tensile strength than SBR rubber but only limited heat resistance.
SBC’s are utilized by various end-use industries as they impart desirable characteristics such as such as improved adhesion, tensile strength, etc., as such, it is increasing being utilized. Moreover, the steady expansion of these end-use industries, especially in the last few years, is a major factor that is anticipated to continue to fuel the revenue growth of the Southeast Asia SBC Market in the foreseeable future. Additionally, the steady increase in disposable incomes of individuals across the world is a factor that is enabling them to increase their respective purchasing abilities. This is also slated to have a profound impact on the projected revenue growth of the Southeast Asia SBC market in the years to come. Furthermore, the steady increase in budgets allocated for improved marketing endeavors, such as better packaging, etc., is also set to influence the market growth of this industry in a positive manner. These aforementioned factors are also slated to have a profound influence on the projected market growth of the Middle East & Africa ATM outsourcing services industry, and is anticipated to further augment the overall market footprint of this sector. These aforementioned factors are anticipated to play a critical role in catapulting projected revenues for the Southeast Asia SBC Market to $700.1 Mn by 2030, at a CAGR of 3.7%.
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