According to a market report by Lucintel, the future of the global styrene-butadiene-styrene block copolymer market looks promising with opportunities in the automobile, electronic, medical, construction, and industrial markets. The global styrene-butadiene-styrene block copolymer market is expected to grow with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are growing demand in emerging economies from the building sector, government initiatives to promote infrastructure development, as well as, technological development in the production of SBS copolymer and rising demand for eco-friendly materials in different industrial sectors.A more than 150-page report to understand trends, opportunity and forecast in styrene-butadiene-styrene block copolymer market to 2030 by type (thermoplastic elastomer, polybutadiene rubber, styrene butadiene rubber, styrene-butadiene-styrene rubber, and others), end use (automobile, electronic, medical, construction, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category thermoplastic elastomers will remain the largest segment over the forecast period because of their unique blend of traits, and TPEs are materials that have both thermoplastic and elastomeric characteristics.
In terms of regions, APAC will remain the largest region over the forecast period due to a rise in the need for sealants and adhesives from a variety of end-use sectors, including furniture, automobiles, and construction.
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Qorvo, Microchip Technology, Broadcom, Analog Devices, Infineon Technologies, Sumitomo Electric Industries, Win Semiconductors are the major suppliers in the styrene-butadiene-styrene block copolymer market.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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