LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global styrenic block copolymer (SBC) market report from 2017 to 2021. This market research report also lists seven other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global SBC market is consolidated with the presence of several global vendors. The market is dominated by global vendors such as Dynasol, China Petrochemical Corporation, LCY GROUP, PolyOne, and TSRC. These players have a vast geographical presence with large production facilities located globally. Although small and medium scale vendors are coming up with innovative capabilities, the prominent players will still have a strong foothold in the market during the forecast period. The competitive environment in the market will further intensify over the next five years with the increase in product extensions in terms of innovation in technology.
“In the SBC market, environmental standards are expected to play a crucial role. Strict enforcement of legislation by the European environmental associations has led end-users to demand environment-friendly products increasingly. The end-users are voluntarily shifting toward bio-friendly technology and products, which leave a smaller carbon footprint after its product cycle. This also helps in improving their brand image and reduces the possibility of incurring high penalties,” says Hitesh Bhatia, a lead plastics, polymers, and elastomers research analyst from Technavio.
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Technavio market research analysts identify the following key vendors:
China Petrochemical Corporation
China Petrochemical Corporation is an oil and energy company. It offers household and commercial products, including oil products, fuel cards, lubricants, liquid petroleum gas, catalyst, asphalt, and natural gas. The company produces various SBC such as SBS and SIS. SBC is used in asphalt modification, shoe material, adhesives, and modified polymers, whereas SIS is used in hot-melt pressure-sensitive adhesives.
Dynasol produces elastic polymers and has various manufacturing plants, technology centers, and R&D centers across the globe. The company offers high quality, flexible, and dependable polymers for the asphalt, compounding, and adhesives industries. Some of the popular applications of SBC are adhesives, sealants, vulcanized compounding, asphalt/bitumen modification and polymer modification.
LCY GROUP manufactures and sells polypropylene resins, methanol, solvents, and thermoplastic elastomers. The company also produces various grades of polysilicon and manufactures and sells copper foils and other products such as steel drums (closed lid and open lid). LCY GROUP manufactures SBC under the brand name of LCY Globalprene; it is a member of thermoplastic synthetic rubber family and is derived from styrenic/butadiene or styrenic/isoprene.
PolyOne provides its services to a wide range of sectors including building and construction, electronics and electrical, textiles, packaging, health care, and transportation. The company provides its services to more than 10,000 customers in 35 countries. It mainly operates in APAC, Europe, North America, and South America. PolyOne in SBC market offers various products under the name Cariflex.
TSRC along with its subsidiaries manufactures and markets synthetic polymers worldwide. The company operates through three segments, namely synthetic rubber, non-synthetic rubber, and other synthetic rubber. TSRC supplies a new generation of synthetic rubber which includes SBS, SIS, and other. These products are widely used in adhesives, plastic modification, and asphalt modification. Also, these products are widely used in wire, auto parts, and shoes.
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