Styrenic block copolymers are described as high-performance thermoplastic elastomers that are specially used to enhance the application and performance of the products, and they usually have high thermal stability, crystal clarity, high resistance and indicate no cytotoxic or mutagenic potential. According to BlueQuark Research & Consulting, the global Styrenic Block Copolymer market is expected to witness a significant growth rate during the forecasted period. Factors such as the growing demand for Polyvinyl Chloride (PVC) 's alternative due to the hazardous effects associated with its use and Styrenic Block Polymer emerging as a perfect another PVC are driving the Styrenic Block Copolymer market. Further, the increasing demand for construction material for roofing and paving is expected to surge the market demand of Styrenic Block Copolymer in the future. Furthermore, the medical industry also plays a crucial role in increasing the demand for Styrenic Block Copolymer as medical stoppers, films, respiratory equipment, etc. However, the fluctuations in raw materials prices for Styrenic Block Copolymer manufacturing are expected to hamper Styrenic Block Copolymer market growth in the forecasted years. 

Styrenic Block Copolymers are widely used in gasket materials, sealants, hot melt adhesives, rubber bands, top products, shoe soles, and bitumen for road paving and roofing applications. Styrenic block copolymers (SBC) are also used in various applications across the medical sector, like medical stopper, IV bags, IV tubing, IV bottles, IV drip chambers, IV connectors, films, comfort bedding, and orthopedics and respiratory equipment.

The Construction Industry is a dominant consumer of Styrenic Block Copolymer globally and is expected to drive the growth of the market. Urbanization has led to a rising in the construction industry, with demand for construction material expected to rise over the forecasted year, prompting the Styrenic Block Copolymer market. Styrenic Block Copolymer's need for adhesives and sealants is attributed to its high resistance, crystal clarity, excellent thermal stability, and stabilizable by gamma irradiation, ethylene oxide gas, and mutagenic or mutagenic or irritant potential. Increasing consumer awareness and stringent regulations regarding carbon footprints are anticipated to promote the development of green buildings. This is likely to drive the need for lightweight and sustainable materials such as styrenic block copolymers. The increase in demand for permanent houses in rural areas of emerging economies such as India and Southeast Asian countries is projected to drive the demand for durable, low-cost roofing systems. The market is likely to benefit from surging investments in residential and non-residential construction sectors by the government and foreign players to provide sustainable housing and commerce facilities in economies such as India, Vietnam, Thailand, and Indonesia. The footwear industry makes up a segment of the global Styrenic Block Copolymer need due to its excellent elasticity, slip resistance, flexing endurance, gas barrier, wear resistance, and low-temperature resistance. With the growing and aging population of the world, the medical industry is predicted to play a crucial role in the rising demand for Styrenic Block Copolymer globally. Properties like high transparency, flexibility, good mechanical strength, kink resistance, softness, and excellent UV and chemical resistance propelled the demand for styrenic block copolymers in medical applications. Thus, the increasing construction, medical, and adhesives need are all set to drive the growth of the Styrenic Block Copolymer market.

The global Styrenic Block Copolymer market was found to be fragmented. Major global players in the industry were BASF SE, Ineos Styrolution Group GmbH, Kumho Petrochemical, JSR Corporation, Eastman Chemical Company, SINOPEC, and LYC Chemical.

The Asia Pacific is preceded to be the largest market for

Styrene block copolymer in the forecasted period. Due to the increasing population in the region, the demand for construction materials is growing in global market. In the last two decades, China has undertaken a massive infrastructural project to revamp the country's infrastructure, which has attributed to China's recent success. Following this, China experienced a rise in urbanization, thus raising the demand for low-cost housing and commercial housing for its citizen. China has undertaken a global infrastructure development plan known as 'The Belt and Road Initiative (BRI)' or 'One Belt One Road, which would connect China's market to the European market through roads and rails to consolidate its global manufacturing hub status further. This BRI is expected to cover about 132 countries in Asia and Europe region. China is rapidly developing its infrastructure and of countries with low economies. Some of these proposals include Indonesia National Medium-Term Development Plan (USD 460b), Vietnam Socio-Economic Development Plan (USD 61.5b), Philippine Development Plan "Build, Build, Build" (USD 71.8b), and the Thailand Transport Infrastructure Development Plan (USD 76b). According to the International Trade Administration, China's construction industry was worth USD 968 billion and is anticipated to reach USD 1.1 trillion by the end of 2021. The construction industry is on the rise due to the increase in urbanization in the region, increasing the demand for Styrenic Block Copolymer in the forecasted periods. The increasing demand for adhesives fueled by the surging packaging industry attributed to the E-Commerce and E-Retail boom has increased the demand for styrene butadiene in the APAC region. The need for high-quality sports footwear has also seen a rise in demand with increasing disposable income in the region. Thus, the increasing demand for construction material for paving and roofing, footwear, sealants, and adhesives in the APAC region is propelling the future Styrenic Block Copolymer market.

LYC Chemical, in January 2020, has announced a new ultra-high molecular weight styrene-ethylene-butylene-styrene (SEBS) for automobile, medical, polymer modification, and adhesives. Due to a faster oil absorption rate, a higher service temperature, a more comprehensive hardness range, and increased production capacity. 

Global Styrenic Block Copolymer Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Styrenic Block Copolymer market by segmenting based on the Product Type (Styrene-Butadiene-Styrene (SBS), Styrene-Isoprene-Styrene (SIS), Hydrogenated Styrenic Block Copolymers Gels (HSBC)), Application (Roofing and Paving, Footwear, Sealants and Adhesives, Polymer Modifiers, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.