The increasing consumption of SBS bock copolymers in sealant and adhesive applications is one of the significant factors fueling the growth of global SBS block copolymer market. However, SBS block copolymer-based adhesive can decrease the cost of the overall manufacturing and it also offers improved product performance. In addition, SBS block copolymer provides exceptional as well as unique properties such as viscosity reduction and softening. Thus, such properties help them to increase its use in sealants manufacturing. Likewise, increasing demand for eco-friendly sealants and adhesive will further boost the demand in the market of SBS block copolymer.
The integration of soft-touch thermoplastic elastomers with the customer appliances and goods is also one of the crucial trends of the SBS block copolymer market. Furthermore, customer demand for soft-touch as well as ergonomic designed goods and appliances have led service providers to combine elastomers in their products. In addition to this, thermoplastic elastomers offer low wear, improved grip, color visibility, and smooth surface appearance. Consequently, thermoplastic elastomers being hugely used in several applications such as soft grips for shavers, beer crates, hairbrushes, food storage seals, and other products.
The global market for SBS block copolymer is expected to be driven by the increasing use of higher performance polymers in the number of end-use industries such as footwear, medical devices, electrical & electronics, construction, and others. In addition, growing concerns about environment and severe government regulations implemented for reducing the usage of (PVC) Polyvinyl Chloride are also responsible to boost the product demand. On the other hand, Styrenic block copolymer is the leading selling products among the TPE. However, they are hugely used in the number of application, where high-performance polymers are needed. They have the number of properties just similar as rubber; however they process like polymers only. Thus, they are less expensive as compared to other TPEs due to their bulk consumption. In addition, SBS block copolymers are used in the alteration of the number of polymers which may comprise GPP (General Purpose Polystyrene), BMC (Bulk Molding Compounds), ABS (Acrylonitrile Butadiene Styrene), and HIS (High Impact Polystyrene). The SBS block copolymer modification market is also anticipated to be highest growth owing to the huge demand of automotive production in the number of emerged countries such as Europe as well as North America, and huge demand for home appliances in the number of developing countries such as Middle East and Southeast Asia.
According to the geographical expansion, Asia pacific market is anticipated to emerge as the largest regional market due to huge product demand from several end-use industries such as medical devices, adhesive & sealants, paving & roofing, and footwear. Huge development in the construction segment owing to huge number of government initiatives and increasing requirement for affordable housing are some factors fueling the development in developing countries such as India, Indonesia, and China. In addition to this, Chinese market also dominates the Asia Pacific market. However, prefabricated buildings expected to be the major trends in Chinese market, and it is responsible to the growth of market across the region.