Hydrogenated Styrene Block Copolymers Market Outline: Business Strategies, Industry Trend, Export, Import by Region and Forecast 2023

Hydrogenated Styrene Block Copolymers Market
Hydrogenated Styrene Block Copolymers Market by Type (Styrene Ethylene Propylene Styrene (SEPS), Styrene Ethylene Butylene Styrene (SEBS)) by Application (Coating, Films, Adhesives, Sealants, and Others), by End Use Industry (Construction, Automotive, Footwear, Chemicals, Healthcare and Others), and by Region till 2023

HSBC is classified into styrene ethylene propylene styrene (SEPS) and styrene ethylene butylene styrene. The characteristic features of HSBC are durability, impact resistance, clarity, adhesion, stretch, and high tensile strength are the major contributing factors in growth of HSBC market. HSBC being highly compatible and recyclable is poised to replace its counterparts. Moreover, it finds its application in diverse industries including construction, automobile, footwear, chemicals and healthcare. Infrastructural expansion is widely undertaken by both developing and developed countries is poised to witness maximum demand of HSBC in construction industry. The developing counties namely India, Indonesia and Myanmar are heavily depending upon their rubber production for employment generation, which can be the driver in regional growth of HSBC market. Apart from that its uses in food packaging, and coatings of hygienic medical equipment adds into its demand in numerous applications. Intensive infrastructural projects and penetration into growing applications is estimated to drive the growth of global HSBC market.

Competitive Analysis

The key players in the global hydrogenated block copolymer are Kraton Corporation (Japan), China Petrochemical Corporation (China), LYC GROUP (Taiwan), Grupo Dynasol (U.S.), The Hexpol group of companies (U.K.), Teknor Apex (U.S.), and others. The study was conducted using objective combination of primary and secondary information including inputs from key participants in the industry. The report contains comprehensive market and vendor landscape in addition to SWOT analysis of key vendors.

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Hydrogenated Styrene Block Copolymers (HSBC) is highly engineered polymeric material, which is synthesized by hydrogenation of Styrene Block Copolymer (SBC). HSBC is a thermoplastic and elastomeric material. HBSC exhibit high thermo-oxidative and UV-stability. HSBC is typified into two materials depending upon the diene it consist. It include Styrene Ethylene Propylene Styrene (SEPS) and styrene ethylene butylene styrene (SEBS). Both, SEPS and SEBS exhibit properties such as an excellent thermal stability, weather ability, high tensile strength, and transparency. Being a high performance material HSBC could penetrate into many end use industries such as construction, automotive, healthcare, and rubber among others. Its uses includes coating & films, adhesives, sealants, and plasticizers. The consumer products that can be made out of HSBC vary from handle bar of tools to rubber in construction activities. Moreover, HSBC succeeded in penetrating the evolving food industry, where it is extensively used as a thin edible coating and packaging material. The characteristic feature of HSBC such as higher durability and tensile strength prioritized its use in footwear production.

Intended Audience:

  • Hydrogenated Styrene Block Copolymer manufacturers (HSBC)
  • Traders and distributors of HSBC
  • Research and development institute
  • Potential investors
  • Raw material suppliers
  • National laboratory

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Segmentation:

The Global Hydrogenated Styrene Block Copolymer Market is segmented on the basis of type, application, end use industry, and region. Based on type the market is segmented into Styrene Ethylene Propylene Styrene (SEPS) and Styrene Ethylene Butylene Styrene (SEBS), wherein SEBS has comparatively deeper penetration into numerous end use industries. On the basis of applications the global HSBC market is divide into coating, films, adhesives, sealants, and others, in which HSBC are majorly used as coatings and adhesives. Based on end use industry the market is segmented into construction, automotive, footwear, chemicals, healthcare and others. Geographically, the global HSBC market is segmented into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Among them Asia Pacific is estimated to grow at highest CAGR over the forecasted period.

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