According to the research report titled ‘GLOBAL SBC AND ITS DERIVATIVES MARKET 2019-2027’ available with Market Study Report, global SBC and its derivatives market is projected to register a CAGR of 6.78% in terms of revenue and 5.62% in terms of volume during 2019-2027.
 

The report claims that growing preference of SBCs (styrenic block copolymers) over PVCs along with rising product penetration in the healthcare vertical are key factors fueling the growth of global SBC and its derivatives market. Surging product demand from economies such as Brazil, Russia, India, and China are also augmenting the market size.
 

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Moreover, increasing competition in this business sphere coupled with flourishing construction sector in Europe are further stimulating the overall market outlook. However, introduction & development of OBCs (Olefin block copolymers), and fluctuating prices of raw materials are expected to hinder the global SBC and its derivatives industry growth throughout the analysis timeframe.
 

As per the regional analysis of the report, the market is segmented into Asia-Pacific, Europe, Latin America, North America, and Middle East & Africa with key focus on countries such as Australia, China, India, Japan, South Korea, Canada, U.S., Germany, France, U.K., Italy, Spain, Russia, Mexico, Brazil, UAE, Saudi Arabia, Turkey and South Africa among others.
 

As per the report, Asia-Pacific is predicted to emerge as a major growth avenue for global SBC and its derivatives market between 2019 and 2027. Rising demand for SBC and its derivatives from flourishing verticals such as manufacturing and construction along with favorable government investments towards infrastructural development, predominantly in India and China are boosting the expansion of the regional market.
 

The leading companies that outline the global SBC and its derivatives market trends are Avient Corporation (PolyOne Corporation), LCY Chemical Corporation (Lee Chang Yung Chemical Industry Corp), LG Chem Ltd., Asahi Kasei Corporation, Denka Company Limited, Dynasol Group, ZEON Corporation, Eastman Chemical Company, INEOS Styrolution Group GmbH, Kumho Petrochemical Co., Ltd., BASF SE, Kraton Corp., Versalis S.p.A. (Eni SpA), and China Petroleum & Chemical Corporation (Sinopec Corp).