Styrene Ethylene Butylene Styrene (SEBS) Market – Overview
The global styrene ethylene butylene styrene (SEBS) market is projected to witness significant growth from 2021 to 2031 (forecast period). The global styrene ethylene butylene styrene (SEBS) market is expected to rise due to increased demand for thermoplastic as an alternative to PVC. Moreover, strong demand for thermoplastic elastomers from the adhesive and sealant and construction sector is projected to propel the global styrene ethylene butylene styrene (SEBS) market over the forecast period. Furthermore, the rising demand for products with thermo-oxidative stability, high dispensability, strong UV and ozone resistance, and stability in high-temperature processing is expected to drive the global styrene ethylene butylene styrene (SEBS) market.
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Styrene Ethylene Butylene Styrene (SEBS) Market – Competitive Landscape
Key players active in the global styrene ethylene butylene styrene (SEBS) market include Kuraray Co., Ltd., Kraton Corporation, TSRC Corporation, Versalis S.p.A (Eni S.p.A), and LCY Group, amongst others.
Manufacturers in the global styrene ethylene butylene styrene (SEBS) market are concentrating on product development operations to improve SEBS flow, warpage, and adherence to other thermoplastics. Companies offer SEBS in a range of grades for a variety of applications in numerous end-user sectors.
Styrene Ethylene Butylene Styrene (SEBS) Market – Trends and Opportunities
Increasing demand from the adhesive and sealant sector is one of the primary aspects projected to drive the global styrene ethylene butylene styrene (SEBS) market during the forecast period. SEBS (particularly the powdered form) is widely utilized in adhesive, sealant, and coating applications. They are frequently used in the production of high-end adhesives and sealants by utilizing petroleum resins such as C5 resin. They are employed in the adhesive layer of protective films, tape, and label adhesive and can also be utilized to improve the elasticity of sealants and coatings.
Moreover, the use of styrene ethylene butylene styrene (SEBS) in the automotive sector has expanded dramatically in recent years. The increased use is mostly due to its manufacturing flexibility, sturdiness, ease of processing, and low production cost. SEBS has strong temperature, weather, and chemical resistance, which is essential for sealing applications in the automotive industry. Furthermore, it possesses great abrasion, wear, and scratch resistance and higher UV and ozone aging resistance compared to typical polymeric materials such as ethylene propylene diene monomer rubber and thermoset rubber. As a result, the use of SEBS in the automotive industry has expanded.
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Styrene Ethylene Butylene Styrene (SEBS) Market – Regional Landscape
The North America styrene ethylene butylene styrene (SEBS) market is projected to grow during the forecast period. The United States is expected to provide a variety of growth prospects due to an increase in product application in the medical industry, namely for peristaltic pumps and uses in vaccine and pharmaceutical manufacture. SEBS is substituting PVC in a variety of applications around the region. For example, Canada is projected to invest extensively in pipeline infrastructure to boost regional productivity, which will increase the size of the regional market. Moreover, due to social pressure to develop more environmentally responsible ways to make their products, many manufacturing businesses are increasingly moving their attention to styrene block copolymers.
Asia Pacific is expected to experience considerable growth in the styrene ethylene butylene styrene (SEBS) market due to an increase in vehicle demand in the region. Moreover, increased infrastructure development in the region and expanding population are projected to drive product demand even higher. The positive prognosis for SEBS as a substitute to PVC in a broad array of applications is expected to bolster the regional market. Furthermore, strict government policies in the region to reduce environmental effects are expected to help product growth.
The styrene ethylene butylene styrene (SEBS) market in Europe is anticipated to expand due to an increase in the automobile and construction industries. The regional market is expected to benefit from increased innovation in automotive interior materials and techniques. Moreover, the region’s expanding petrochemical industry is projected to propel the styrene ethylene butylene styrene (SEBS) market.