Styrene
Ethylene Butylene Styrene (SEBS) Market Size and Growth Rate:
The Global Styrene Ethylene Butylene (SEBS)
Market is anticipated to register an estimated CAGR of 3.91% over the projected
period 2018-2023.
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Styrene
Ethylene Butylene Styrene (SEBS) Market Growth Drivers and Restraints:
The main factors driving the growth of the market
is growing demand from the adhesive & sealant industry. The growing use of
SEBS in products, such as labels, tapes, and other construction-based adhesives
has helped the market growth in the particular industry. On the flipside,
circumstances, stringent government law and volatility in crude oil prices, are
expected to inhibit the market growth.
The usage of styrene ethylene butylene styrene in
the automobile industry has grown rapidly in the past few years. The increase
in usage is mainly due to its manufacturing durability, flexibility,ease of
processing and low cost of production. SEBS has a high temperature, chemical
and weather resistance, which are mainly required for sealing applications in
the automotive industry. In addition, it also has great abrasion, wear, scratch
resistance and gives superior protection from aging caused due to UV, and ozone
as opposed to conventional polymeric plastics such as thermoset rubber and
ethylene propylene diene monomer rubber. This, in turn, has raised the
consumption of SEBS in the automotive industry.
SEBS (especially the powdered form) is used
widely in adhesive, sealant, and coating applications. They are generally
utilized to manufacture high-end adhesives and sealants, by going with
petroleum resins like C5 resin. They are used in the adhesive layer of
protective films, sticking for tape and labels and can be used to improve the
flexibility of sealants and coatings as well. Additionally, the construction
sector is growing in India, China, and Southeast Asia owing to increasing
investment in infrastructure projects and the market for more housing.
Increasing population and improved demand from adhesive, sealant and coating
applications are anticipated to fuel the growth of the global SEBS market.
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Styrene
Ethylene Butylene Styrene (SEBS) Market Geographical Segmentation:
Asia-Pacific is anticipated to dominate the
styrene ethylene butylene styrene market during the forecast period. China is
one of the largest SEBS consumers in the world. It is the world's leading PVC
producer and consumer. SEBS is creating its space in plastic manufacturing as a
potential replacement for PVC in various applications. SEBS is used in the
creation of toys and can replace PVC for the generation of doll heads. The
substitution of PVC is likely to fuel the SEBS market in
the coming years.
Keyplayers
of the Styrene Ethylene Butylene Styrene (SEBS) Market:
Some of the main companies dominating this market
for its services, products, and continuous product development, include Kraton
Polymers, Elastomers, LCY Chemical Corp., Dynasol Ningbo Keyuan Petrochemicals,
ENI, and others.
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