Hydrogenated Styrene Block Copolymers Market – Market Overview
Hydrogenated Styrene Block Copolymers (HSBC) is an engineered polymeric material synthesized through the Hydrogenation of Styrene Block Copolymer (SBC). It is both thermoplastic and elastomeric material that exhibit greater thermo-oxidative and UV-stability. Broadly, HSBC is typified into two materials on the basis their diene content namely-Styrene Ethylene Propylene Styrene (SEPS) and styrene ethylene butylene styrene (SEBS). The product is High Performance Polymer material which has successful penetration into end use industries such as automotive, healthcare, construction, and other industrial applications among others. The major applications uses includes adhesives, plasticizers, coating & films, and sealants. In addition to this, the characteristic feature of HSBC such as higher durability and tensile strength has increased its usage in manufacturing footwear. The primary factors driving growth of the Global Hydrogenated Styrene Block Copolymers (HSBC) are characteristics features of HSBC, which is making it preferable over its counterpart such as PVC, tangibly high growth of construction industry all around the world, and the approval by Foods and Drugs Administration in U.S. for use of this product in medical equipment and food coatings. Moreover, according to Organisation Internationale des Constructeurs d’Automobiles (OICA), an international organization in automotive industry, the global automotive production has touched the mark of 94.97 million vehicles in 2016 and is expanding at 4.5% annual growth rate.
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Hydrogenated Styrene Block Copolymers Market- Competitive Landscape
The Global Hydrogenated Styrene Block Copolymers Market is a highly mature market, which is majorly driven by flourishing growth in construction and automotive industry, and also due to the flourishing transportation sector on account of rising global trade. The accommodates limited number of tier 1 player, among which, Kraton Corporation, China Petrochemical Corporation, Hexpol group, and Teknor Apex are the holding the major share in this market. Majority of the key market participants are investing in development and launch of new products in order to strengthen their market position and attain substantial market share. After addressing dynamic growth in automotive industry, and construction industry experts have asserts that this market will be having increasing penetration of new players to enjoy the profitability of this market. Taking into consideration all these trends are suggesting that the Global Hydrogenated Styrene Block Copolymers Market is likely to witness considerable competition over the forecast period of 2017-2023.
Industry/ Innovation/ Related News:
October 5, 2015- The U.S. based high performance polymer manufacturer Kraton Performance Polymers has acquired the pine chemicals giant Arizona Chemical in a deal that finalized for USD 1.4 billion. Arizona is one of the largest pine chemicals manufacturer in the world. After this strategic acquisition the earnings of Kraton have increased by over 100% during the period of 2015-2018.
February 12, 2014- MicroSpec Systems Inc. the U.S. based market leader in medical tubing has entered into a strategic partnership with the global styrenics leader Styrolution to substitute PVC with their highly flexible multi-lumen tubing. This is likely to help them making it possible to administer different medications from one access point.
October 23, 2016- Kraton Performance Polymers, the U.S. based high performance polymer manufacturer has launched Kraton G1653 polymer. It is a styrene-ethylene-butylene-styrene (SEBS) block copolymer with lower molecular weight than its predecessor Kraton G1652 polymer. The product possesses high tensile strength and toughness akin Kraton G1652 and offers significantly lower melt and solution viscosities.
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