Growing Building and Construction Activities set to propel the growth in the Global hydrogenated styrene block copolymer (HSBC).

Pune, India, August 18, 2017, /MRFR Press Release/- Market Research Future published a half-cooked research report on Hydrogenated Styrene Block Copolymers Market

Market Overview:

HSBC is classified into Styrene Ethylene Propylene Styrene (SEPS) and Styrene Ethylene Butylene Styrene. The characteristic features of HSBC are durability, impact resistance, clarity, adhesion, stretch, and high tensile strength are the major contributing factors in growth of HSBC market. HSBC being highly compatible and recyclable is poised to replace its counterparts. Moreover, it finds its application in diverse industries including construction, automobile, footwear, chemicals and healthcare. Infrastructural expansion is widely undertaken by both developing and developed countries is poised to witness maximum demand of HSBC in construction industry. The developing counties namely India, Indonesia and Myanmar are heavily depending upon their rubber production for employment generation, which can be the driver in regional growth of HSBC market. Apart from that its uses in food packaging, and coatings of hygienic medical equipment adds into its demand in numerous applications. Intensive infrastructural projects and penetration into growing applications is estimated to drive the growth of Global HSBC Market.

Competitive Analysis:

The key players in the Global Hydrogenated Block Copolymer are Kraton Corporation (Japan), China Petrochemical Corporation (China), LYC GROUP (Taiwan), Grupo Dynasol (U.S.), The Hexpol group of companies (U.K.), Teknor Apex (U.S.), and others.

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Market Segmentation:

Global Hydrogenated Styrene Block Copolymer (HSBC) market is segmented on the basis of type, application, end use industries, and region. On the basis of type the market is divide into styrene ethylene propylene styrene (SEPS) and Styrene Ethylene Butylene Styrene (SEBS). Both, SEPS and SEBS are available in pallet and powder form in the market, wherein powder is the most preferred form as compared to pallet owing to its application flexibility. SEBS is easily available and widely used over SEPS. SEPS find its applications in coating & films in automotive, food, and healthcare industries. Collectively increasing the demand of both SEPS and SEBS in diverse industries is anticipated to push the growth of global HSBC market.

Based on applications the Global HSBC Market is segmented into coating, films, adhesives, sealants, and others. Among them, use of HSBC as an adhesives and sealants is projected to boost the demand of material. Construction and automotive sector extensively use HSBC as an adhesives and sealants which is expected to fuel the growth of global HSBC market. Apart from this, HSBC is found extensively for coating in food and healthcare products. The durability and recyclability of HSBC facilitates its application as high performance materials in diverse fields. Moreover, in paints and chemical industry HSBC is used as a plasticizer, which is estimated to further add into the demand of HSBC.

On the basis of end use industries the market is divide into construction, automotive, footwear making, chemicals, healthcare and others.  Construction industry is projected to pull the major share of demand in global HSBC market.  More than quarter share of total demand of HSBC is accounted by construction industry. The developing countries in Asia Pacific, Africa, and Latin America are rapidly undertaking the infrastructural projects which is further estimated to propel the growth of global HSBC market. Moreover, the reconstruction activities undertaken by developed countries to further improve the existing physical infrastructures would add into the growing demand of HSBC. The durability and flexibility of HSBC made it the most preferred material in production of footwear. Footwear industry is expected to witness rise due to the demand of light weight and durable sports shoes, which is anticipated to continue same growth over the forecast period. Moreover, removal of restriction over the use of HSBC in medical equipment and edible food coating by U.S. Foods and Drugs Administration (FDA) opened the doors for use of this material in healthcare industry.  

Regional Analysis

Geographically the Global Hydrogenated Styrene Block Copolymer is divided into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. The major regions are Asia Pacific, North America and Europe. Among them, Asia Pacific holding the major share in terms of market size. It accounts for 45% of the Global HSBC Market shares. China and India are the leaders in the regional market. Increasing construction activities in these countries is projected to fuel the demand of HSBC in this region. North America is a significant region in the global HSBC market following the Asia Pacific. Renovation development projects undertaken by countries namely U.S. and Canada would boost the growth of the regional HSBC market. Apart from that demand of light weight material in aircraft industry are manufactured from HSBC, which is further expected to drive the demand of HSBC in coming years. Europe is a substantial region in the Global HSBC Market. Demand of HSBC in automotive industry for making the interior of luxury cars is propelling the growth of regional HSBC market. The countries namely Germany, Italy, and France are the major contributors due to the established automotive industry. Other regions in the Global HSBC Market are Middle East & Africa and Latin America, wherein Middle East & Africa is comparatively growing at higher pace. The vast investment potential and availability of raw materials is estimated to drive the growth of the market in this region. Latin America is expected to join the hand with the leading regions in coming years.

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