Southeast Asia Styrenic Block Copolymers (SBCs) Market By Product Type (Styrene Butadiene Styrene, Styrene Isoprene Styrene, Hydrogenated Styrenic Block Copolymer), By End-Use (Paving & Roofing, Footwear and Others) and By Region - Global Forecast 2030

“Southeast Asia Styrenic Block Copolymers (SBCs) Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The Southeast Asia styrenic block copolymers market has been segmented on the basis of product type, end-use, as well as regions and countries.

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The Southeast Asia Styrenic Block Copolymers Market was valued at UЅD $512 Мn in 2020, and is projected to achieve a valuation of UЅD $700.1 Мn by 2030, at a САGR of 3.7%.

Overview:

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.

Dynamics:

The numerous favorable properties such as improved adhesion, tensile strength, etc., that styrenic block copolymers impart to the products it is used in the manufacturing of, the demand for SBCs are expected to increase owing to the direct expansion of its several end-use industries. This is a primary factor that is expected to continue to fuel the revenue growth of the Southeast Asia styrenic block copolymers market in the years to come. Moreover, the top-shelf properties of this product such as impact resistance, rigidity with excellent permeability, transparency, etc., make it ideal for the production of films. This is another major factor that is slated to positively contribute to the market growth of this global industry in the years to come.

Furthermore, the steady increase in disposable incomes of individuals across the world, especially in emerging economies, is leading to a higher purchasing ability among them, resulting in the demand for more products that contain SBCs. This is also a primary factor that is anticipated to have a profound influence on the revenue growth of the Southeast Asia styrenic block copolymers market in the near future.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The Southeast Asia styrenic block copolymers market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Additionally, as petrochemicals are used to manufacture these polymers, the haphazard fluctuation of crude oil prices, paired with the high taxes levied by respective governing authorities are some of the other factors that may restrain the revenue growth of the Southeast Asia styrenic block copolymers market in the foreseeable future.

Nevertheless, numerous businesses are now focusing more on improving the packaging aspect of their products, SBCs have been found to do just that in terms of lending various packaging a glossy finish, among other favorable characteristics. This is another factor that is anticipated to further augment the revenue growth of the Southeast Asia styrenic block copolymers market over the next 10 years.

Segmentation of the Southeast Asia Styrenic Block Copolymers (SBCs) Market is as follows:

In terms of product type, the styrene butadiene styrene segment accounted for the maximum number of revenue shares of the Southeast Asia styrenic block copolymers market in 2020, and this segment is expected to continue doing so over the next decade. The styrene isoprene styrene segment is also anticipated to index a high CAGR over the forecast period.

On the basis of end-use, the paving & roofing segment accounted for the maximum number of revenue shares of the Southeast Asia styrenic block copolymers market in 2020, and this segment is slated to continue doing so over the next 10 years. The adhesives & sealants segment is also anticipated to register a high CAGR over the forecast period.

Regional Segmentation and Analysis:

The ‘Other South Asian Countries’ segment accounted for the maximum number of revenue shares of the Southeast Asia styrenic block copolymers market in 2020, and is indicative of retaining its respective market position over the next decade. The market in Thailand is also anticipated to index a high CAGR over the course of the forecast period.

Segmentation of the Southeast Asia Styrenic Block Copolymers (SBCs) Market:

Segmentation by Product Type:

• Styrene Butadiene Styrene (SBS)
• Styrene Isoprene Styrene (SIS)
• Hydrogenated Styrenic Block Copolymer (HSBC)

Segmentation by End-Use:

• Paving & Roofing
• Footwear
• Polymer Modification
• Adhesives & Sealants
• Wires & Cables

Segmentation by Regions:

• Malaysia
• Philippines
• Singapore
• Thailand
• Vietnam
• Other Southeast Asian Countries

• China Petro & Chemical Corporation (Sinopec Group)
• Repsol S.A. (Dynasol Elastomers)
• BASF SE
• LG Chem Ltd.
• Asahi Kasei Corporation
• Eastman Chemical Company
• INEOS Styrolution
• Kumho Petrochemical Ltd.
• Denka Company Limited
• ZEON Corp.