Styrene Ethylene Butylene Styrene (SEBS) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026
Thermoplastic
elastomers (TPEs) are a class of copolymers (typically a mixture of
rubber and plastic) that contain materials with both elastomeric and
thermoplastic properties. There are six generic classes of commercial
TPEs, out of which one is styrenic block copolymers (SBC), in which
styrene ethylene butylene styrene (SEBS) is categorized. It accounts
for a majority share of over 65% of the total SBCs. SEBS polymer is a
type of TPE that includes styrene monomer.
Some examples of TPE
materials formed by block copolymers groups are Kraton, Mediprene,
THERMOLAST M, THERMOLAST K, Sofprene, Dryflex, Laprene, Pibiflex, and
Hytrel. Of these examples, those produced from stryrenic block
copolymers (SBCs) include Laprene, THERMOLAST M, THERMOLAST K,
Dryflex, and Sofprene.
SEBS offers various
exceptional properties such as heat- and cold-resistance,
UV-resistance, processing stability, etc., which enable its
increasing usage. The chemical resistance of SEBS is similar to that
of natural rubber, which provides it with resistance to acids and
bases. SEBS is primarily produced from polyolefin building blocks
such as polypropylene (PP) and polyethylene (PE). Due to this, SEBS
does not require stabilizers and plasticizers for flexibility.
Utilization of SEBS
in applications such as children’s toys, hygiene products, athletic
equipment, and food storage is allowed only after approval from
regulatory bodies such as the FDA.
Over the past couple
of years, SEBS has been instrumental in replacing certain PVC
applications in the medical and health care industry, which has
resulted in increase in demand for the polymer. SEBS is consumed in a
large number of applications such as home furnishings, car interiors,
diving equipments, electrical appliances, footwear, toys, food- and
medical-grade containers, and hand tools. Based on end-user industry,
the SEBS market can be segmented into automotive, building &
construction, electricals & electronics, footwear, medical &
healthcare, packaging, sports & leisure, and others.
Asia Pacific is a
major region of the market for SEBS on a global level. The region
leads in terms of global production as well as consumption. Countries
such as Japan, Taiwan, and South Korea are major producers of SEBS.
They export a major part of the SEBS they produce to countries in the
Rest of Asia Pacific (with China being a prominent consumer of SEBS,
along with overall SBCs) and to other regions. Domestic consumption
in Japan and South Korea has been steady over the past couple of
years, with increase in exports. Western Europe held a significant
share in terms of overall consumption of SEBS in Europe. Other than
Western Europe, major developments in the SEBS market have been
observed in Russia and Turkey. The U.S. held a significant share of
the SEBS market in North America. It ranked second in terms of demand
for styrenic polymers in the world, only following China. Demand for
SEBS in the region is fulfilled through imports from countries such
as South Korea, Japan, and Taiwan. In Latin America, Mexico is the
leading country of the SEBS market, due to the presence of
manufacturing facilities for production of SBCs.
Key players
operating in SEBS market include Kraton Corporation, LCY GROUP, LG
Chem Ltd., INEOS STYROLUTION Group GmbH, and TSRC Corporation.
Manufacturers in the SEBS market are focusing on product development
activities to provide better flow, lower warpage, and greater
adhesion of SEBS to other thermoplastics. Companies provide SEBS of
different grades for various applications in a number of end-user
industries. LG Chem. offers SEBS block copolymer under the
trademarket Medalist. Kraton Polymers entered into a partnership with
Taiwan based LCY Chemical Corp, in January 2014. This partnership is
aimed at taking advantage of the strong demand for styrenic polymers
in Asia. In October 2012, in TSRC (Nantong) Industrial Ltd. expanded
its SEBS capacity from 20,000 tons to 35,000 tons per year.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
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source of reliable data on:
Market segments and
sub-segments
Market trends and
dynamics
Supply and demand
Market size
Current
trends/opportunities/challenges
Competitive
landscape
Technological
breakthroughs
Value chain and
stakeholder analysis
The regional
analysis covers:
North America (U.S.
and Canada)
Latin America
(Mexico, Brazil, Peru, Chile, and others)
Western Europe
(Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,
Netherlands, and Luxembourg)
Eastern Europe
(Poland and Russia)
Asia Pacific (China,
India, Japan, ASEAN, Australia, and New Zealand)
Middle East and
Africa (GCC, Southern Africa, and North Africa)
The report has been
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surveys, and observations of seasoned analysts) and secondary
research (which entails reputable paid sources, trade journals, and
industry body databases). The report also features a complete
qualitative and quantitative assessment by analyzing data gathered
from industry analysts and market participants across key points in
the industry’s value chain.
A separate analysis
of prevailing trends in the parent market, macro- and micro-economic
indicators, and regulations and mandates is included under the
purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
Highlights of the
report:
A complete backdrop
analysis, which includes an assessment of the parent market
Important changes in
market dynamics
Market segmentation
up to the second or third level
Historical, current,
and projected size of the market from the standpoint of both value
and volume
Reporting and
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Market shares and
strategies of key players
Emerging niche
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Recommendations to
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