Styrenic Block Copolymer (SBC) Market size worth USD 10 Billion by 2023
Styrenic Block Copolymer (SBC)
baby diapersEnglish Version
Market Size - $6.2 billion in 2015, Market Growth - CAGR of 6.1%, Market Trends – Medical industry expansion accompanied by increase in application scope in footwear industry.
Global (SBC) Styrenic Block Copolymer Market size was 1.96 million tons in 2015 as per the latest research report by Global Market Insights, Inc. Increasing medical and healthcare industry expansion owing to rise in consumer per capita income along with growing health consciousness are expected driving factors to stimulate styrenic block copolymer market growth.
Styrenic block copolymer (SBC) market size is forecast to reach USD 10 billion valuation by 2023. Growing concerns pertaining to baby health coupled with increase in consumer affordability should positively influence industry growth.
Styrene butadiene styrene (SBS) market was a key product segment, valued at USD 4.5 billion in 2015. Improving baby diapers fit and comfort owing to elastomeric materials are key properties to encourage styrenic block copolymers market growth. Latin America and Asia Pacific are the major consumers owing to growing infancy birth rate.
Footwear applications are forecast to grow at more than 4% CAGR up to 2023. Global footwear industry expansion owing to rise in living standard accompanied by growing consumer demand for more reliable and comfort footwear are potential factors to enhance styrenic block market growth. Styrenic block copolymers are used to make shoe sole; high resilience is among the key quality to encourage its use in footwear applications.
Shift in industry focus to reduce dependency on polyvinyl chloride mainly in medical applications to avoid health hazards are potential factors to fuel styrenic block copolymer market growth. Medical tubing, syringes, and medical bags are the major products which uses SBC.中文概要
商场方案：2015年是 $62亿；商场添加：复合年均添加率是6.1％：商场趋势 ：首要是医疗作业的拓展和制鞋业运用范畴的添加。