According to Adhesives and Sealants Industry, the global styrenic block copolymer (SBC) market is anticipated to reach $10.01 billion by 2023, growing at a CAGR of 4.8%.
In recent blogs, we discussed the benefits of using SBCs in certain adhesive formulations. We’ve also reviewed how they are used in hot melt pressure sensitive adhesives and hot applied hot melt adhesives.
Now, let’s take a step back, and look at the market as a whole.
SBCs are the largest volume category of thermoplastic elastomers. IHS cites that SBCs are characterized by their ability to be processed as thermoplastic materials while having the physical and mechanical properties of filled vulcanized elastomers. SBCs also:
- Exhibit good elastic qualities
- Display lower elastic recovery than standard rubbers
- Demonstrate good flexibility at lower temperatures
Growth Factor #1: Healthcare Industry Expansion
According to Transparency Research, the medical and healthcare industry is generating high demand for SBCs as a safer, more environmentally friendly alternative to polyvinyl chloride (PVC) in medical tubing and IV bags. SBCs also offer:
- Enhanced durability, impact and clarity
- Compatibility characteristics with other substrates
Growth Factor #2: Rising Footwear Production
The global footwear industry continues to expand as industry standard rises. This growth is due in large part to consumers wanting more reliable, comfortable footwear. China and India, the two largest footwear-producing countries, need vast quantities of rubber and elastomers such as SBCs to keep up with manufacturing demand.
Growth Factor #3: Renewed Construction Activity
SBCs are used to formulate solventborne adhesives, which are popular in the construction market where higher cohesive strength is needed. As construction activity continues to rise, due to the trends in interior home design and commercial outdoor spaces, demand for SBCs does, too. SBCs are also used in paving and roofing applications.
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