Styrene isoprene butadiene (SIBS) is the mixture of three organic compound which are styrene (derivative of benzene), isoprene (obtained from plants and animals), and butadiene (a molecule that helps in polymerization). The styrene isoprene butadiene (sibs) are the compounds which forms a long chain like structure or goes through the process of polymerization under the pressure of heat. The combination of all the three molecules results in giving both the thermoplastic and elastomeric properties to the extracted polymer. It is used in various end-use industries such as adhesives, sealants, automotive, electrical & electronic, etc.
MARKET DYNAMICS
The global styrene isoprene butadiene(sibs) market is growing at a significant pace owing to driving factors such as increasing demand from automotive industries due to unqiue physical properties of high tensil strength. Furthermore, increase in usage of styrene isoprene butadiene(sibs) instead of pvc and other substitute is likely to drive the demand for styrene isoprene butadiene(sibs) in the coming years. However, volatile raw material prices is projected to hinder the growth of styrene isoprene butadiene(sibs) market. Likewise, development and commercialization of products made of polymer instead of steel product may provide a lucrative opportunity for the market players in the near future.
MARKET SCOPE
The "Global Styrene Isoprene B utadiene(sibs) Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the styrene isoprene butadiene(sibs) market with detailed market segmentation by form, end-user industry, and geography. The global styrene isoprene butadiene(sibs) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading styrene isoprene butadiene(sibs) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global styrene isoprene butadiene(sibs) market is segmented on the basis of form and end-user industry. On the basis of form, the styrene isoprene butadiene(sibs) market is segmented into, pellets and powder. Based on end-user industry, the global styrene isoprene butadiene(sibs) market is segmented into, footwear, adhesives and sealants, plastic modification, bitumen modification, automotive, sporting and toys, electrical and electronics, others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global styrene isoprene butadiene(sibs) market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The styrene isoprene butadiene(sibs) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the styrene isoprene butadiene(sibs) market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the styrene isoprene butadiene(sibs) market in these regions.
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MARKET PLAYERSThe reports cover key developments in the styrene isoprene butadiene(sibs) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from styrene isoprene butadiene(sibs) market are anticipated to lucrative growth opportunities in the future with the rising demand for styrene isoprene butadiene(sibs) in the global market. Below mentioned is the list of few companies engaged in the styrene isoprene butadiene(sibs) market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the styrene isoprene butadiene(sibs) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Asahi Kasei Corporation
-China Petroleum & Chemical Corporation
-Formosa Plastics Corporation
-General Industrial Polymers
-JSR Corporation
-Kraton Polymers LLC
-Kuraray Co. Ltd.
-Lee Chang Yung Chemical Industry Corp.
-Ravago Group
-Versalis
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