Styrenic Block Copolymer Market Strategy, Value, Size, Analysis, Stock, Trends, Opportunities and Forecast by 2028

The global styrenic block copolymer (SBC) market is set to gain traction from the rapid expansion of the automotive industry. The Economist Intelligence Unit Limited mentioned that the sales ofelectric cars will reach 3.4m in 2021 from 2.5m in 2020. Besides, the sales of commercial vehicles will rise by 16% in 2021, while the sales of new cars will grow by 15%. This information is given by Fortune Business Insights™ in a new report, titled, “Styrenic Block Copolymer Market, 2021-2028.” As per the report, the market size was USD 7,163.6 million in 2020. It is projected to reach USD 10,010.5 million by 2028, exhibiting a CAGR of 4.2% during the forecast period.
Report Coverage-
The research report of the SBC industry offers a comprehensive analysis of existing companies that can affect the market outlook throughout the forthcoming years. In addition to that, it provides an accurate assessment by highlighting data on multiple aspects that may contain growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and qualitative insights.
Drivers & Restraints-
Increasing Development of Paved Road Networks to Boost Growth
The rising infrastructure, as well as the high demand for road & highway maintenance worldwide is set to be the major factor responsible for driving the styrenic block copolymer market growth in the near future. At the same time, the ongoing development of roads and surging traffic in rural and urban areas is anticipated to propel the asphalt paving industry.
A list of renowned styrenic block copolymer companies operating in the global market:
• Versalis S.p.A. (San Donato Milanese, Italy)
• KRATON CORPORATION (Texas, U.S.)
• Eastman Chemical Company (Tennessee, U.S.)
• TSRC (Taiwan, China)
• Cray Valley (Pennsylvania, U.S.)
• RTP Company (RTP Company, U.S.)
• Avient (Ohio, U.S.)
• HEXPOL AB (Malmö, Sweden)
• Asahi Kasei Corporation (Tokyo, Japan)
• BASF SE (Ludwigshafen, Germany)
• ZEON CORPORATION (Tokyo, Japan)
Information Source:
https://www.fortunebusinessinsights.com/styrenic-block-copolymer-sbc-market-105131