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Styrene-Butadiene-Styrene copolymer block also abbreviated as SBS copolymer block is a type of homopolymer that is made by a styrene and butadiene link. It has same elasticity as rubber at normal temperature but melts like plastic at higher temperature. They are highly employed as synthetic replacement of rubber. They are produced by ionic copolymerization of styrene and butadiene. SBS block copolymer is highly tensile and are used to manufacture sealants, gaskets, hot-melt adhesives and others.
Increasing demand of SBS block copolymer for multiple end-use applications including performance enhancement, waterproofing, holt melt adhesives, shoe soles, bitumen products and others shall boost the market growth. Additionally, low price of this thermoplastic is expected to attract the consumers further driving the market growth.
However, SBS block copolymer is vulnerable towards thermal and oxidative degradation. This is expected to hinder the market growth.
Key Market Driver -
Growing demand from adhesive and waterproofing applications.
Key Market Restraint -
vulnerability towards thermal and oxidative degradation
Based on type the market is segmented into thermoplastic elastomers, polybutadiene rubber, styrene butadiene rubber, styrene butadiene styrene rubber, and others. Based on end-user industry, market is segmented into automobile, electronics, medical, construction, industrial, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global Styrene-Butadiene-Styrene Block Copolymer market consists of global & regional players operating. Some of the key players in the market include Polimeri Europa, BASF, Eastman Chemical company, Sinopec Baling Company ShenZhen Yanshan, Kraton Performance Polymers, China National Petroleum, Dexco Polymers, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to hold the prime share in market. Increasing consumption of SBS block copolymer from emerging nations like India and China. Shall drive the regional market. Increasing government initiatives for construction and chemical sector shall support market growth. North America is expected to hold significant share due to the large manufacturing base for polymers. Europe is expected to show significant growth due to the increasing infrastructural as well as industrial activities. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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