Global styrenic block copolymers (SBC) Market to Grow at 5.53% CAGR by 2023

Global styrenic block copolymers (SBC) Market to Grow at 5.53% CAGR by 2023

 

The global styrenic block copolymers (SBC) and its derivatives market is projected to grow from 2076.31 kilotons in 2016 to 3,010.48 kilotons by 2023, witnessing a CAGR of 5.53% between 2017 and 2023, according to a recent market research report from Inkwood Research.

In terms of product type, the global SBC and its derivatives market is segmented intoStyrene Butadiene Styrene (SBS), Styrene Isoprene Styrene (SIS), Styrene Ethylene Butadiene Styrene (SEBS), and SEPS & Other Hydrogenated Styrenic Block Copolymer (H-SBC). SEBS is likely to witness the fastest growth in global market over the forecast period. Owing to their remarkable properties, particularly UV resistance and weather ability, their demand and use in various applications is constantly expanding. SBS accounted for the largest share in the global market in 2016. The steady development in the end user markets is one of the key factors driving the demand of SBS. SIS is increasingly used for the assembling adhesives whose procedures needs warming and dissolving to function successfully and for adhesives that require weight sensitivity. In addition, they are used as a part of road marking. SEPS & Other H-SBC is utilized in soft touch and flexible materials, medical products, auto components, adhesives, personal care and hygiene products, and sealant applications.

The global SBC and its derivatives market is segmented into Asia-Pacific, North America, Europe and the Rest of the World, in terms of geography. The Asia-Pacific region is anticipated to occupy the largest share by 2023 and is also growing at a faster rate, followed by North America and Europe. The reliable development in the construction sector in the rising economies such as China and India and the rise of China as a manufacturing center point is the main driver for the application of SBC and its derivatives in the region. The development in the repair construction sector coupled with the developing interest for polymer modified products for the infrastructural improvement (both repair and new) is expected to support the development of the North American SBC and its derivatives. In Europe, the demand for SBC and its derivatives is propelled by the growth in the healthcare and personal care industry, as well as the recovering construction industry.

Increasing application in the healthcare industry, growing demand from BRIC countries, rising construction industry in Asia-pacific region are the major drivers for the SBC market growth. However, factors such as rising popularity of olefin block copolymers, fluctuations in the raw material prices will restrict the SBC market growth.

The key players in the global SBC and its derivatives market include KRATON (US), LCY CHEMICAL (Taiwan), SINOPEC (China), DYNASOL (US), LG CHEMICALS (South Korea), ENI VERSALIS (Italy), POLYONE (US), TSRC (Taiwan), and ASAHI KASEI CORP (Japan), etc.

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SEBS Products of SINOPEC Baling Facilitate Bicycle Sharing in China

Bicycle Sharing

In the past few months, information technology-based “dockless” bicycle sharing systems become a hot topic in Chinese cities. Numerous shared bicycles from Mobike, Ofo, Gonbike, Beefly, Xiaoming, U-Bicycle, Bluegogo, Qibei and others are introduced into most of Chinese cities and ridden by thousands of people every day. They not only save people’s time and money, but also protect the environment by reducing carbon emission.

Tire, as the most important part of bicycle, plays a key role in the development of bicycle sharing industry. The tires of shared bicycles have undergone three phases. The first generation of shared bicycle tire is the common air-filled (or pneumatic) rubber tire; the second generation is air-free rubber tire, while the third generation is air-free thermoplastic elastomer (TPE)-based tire.

The conventional rubber-based tire is manufactured by several complex processes, including plasticizing, mixing, production of tire fittings (inner tube, tread, casing, bead, etc.), forming, and vulcanizing, etc. Air-filled rubber tire has good comfort, but requires a lot of labor costs to solve tire problems like air leakage. The riding comfort of air-free rubber tire is bad, though it doesn’t need frequent maintenance. Comparatively, air-free TPE-based tire is produced by one-step injection molding. This kind of tire is comfortable, recyclable, wear resistant, aesthetic, and light in weight due to many excellent properties of TPE, such as a broad range of hardness, convenient and efficient processing, non-toxicity, eco-friendliness, dyeability, soft touch, weatherability, fatigue resistance, and temperature resistance.

Of various performance requirements of air-free TPE tire, wear resistance is a very important one. However, the common wear resistant TPE tire is made of SBS, and it can’t meet the requirements of shared bicycles that are used outdoors all the time and also need excellent weatherability and aging resistance. Thus, SEBS(hydrogenated SBS) becomes the optimal choice for the production of shared bicycle tires, especially the grades with high molecular weight and radial structure that can provide better wear resistance. Currently, only SINOPEC Baling Company produces SEBS grades with radial structure, and its SEBS grade YH-602, YH-602T, YH-604, and YH-604T have been proven to be the most suitable material for making air-free tires for shared bicycles. In addition, TPE materials are also used in shared bicycles’ handlebars, pedals, saddles, and other parts that are in contact with human body, owing to its soft touch. SINOPEC Baling’s SEBS YH-503, YH-503T, YH-602, YH-602T are well fit for the production of TPE bicycle handlebars due to the excellent oil absorbency, good shrinkage and strength, as well as soft touch.

With excellent properties, SEBS products of SINOPEC Baling greatly facilitate the development of bicycle sharing in China, and they are continuously improved to meet the higher demands of shared bicycles. Furthermore, the total number of users in China bicycle sharing market reached up to 20.30 million by the end of 2016, according to a recent market report from Research In China titled “China Bicycle Sharing Industry Report, 2017-2021″. It is expected that the shared bicycle users will continue to grow explosively in 2017, and amount to 61.70 million by the end of the year. The substantial growth of China bicycle sharing market will in turn drive the TPE market to a certain extent.

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Global Thermoplastic Polyurethane Market to Reach $2.84 Billion by 2022

Global thermoplastic polyurethane (TPU) market was valued at $1.93 billion in 2016, and is anticipated to reach $2.84 billion by 2022, growing at a CAGR of around 6.7% between 2017 and 2022, according to a recent market report titled “Thermoplastic Polyurethane Market by Injection Molding, Extrusion, Adhesives & Sealants and Paints & Coatings Applications for Automotive, Construction, Engineering, Footwear, Hose & Tube, Medical and Wire & Cable End-Users: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022” released by Zion Market Research.

TPU market is a rapidly growing industry with demand from various countries and regions because of its broad range of applications in different end-user industries. Polyurethanes are one of the most adaptable plastic materials. The nature of the chemistry allows them to be molded into different shapes and to improve industrial and consumer products. Its properties include elasticity, transparency, and resistance to oil, grease, and abrasion.

The global TPU market is projected to present significant growth due to the growing demand from the automotive sector. Rising application in footwear is also likely to drive the growth of the global TPU market during the forecast period. Additionally, application of TPU in medical is also expected to propel the market growth in the next five years. However, the growing environmental concerns with the production and usage of TPU are anticipated to be major restraints for the global TPU market. Furthermore, instability in the prices of raw materials could also limit the growth of the TPU market. However, the development of bio-based alternatives is projected to create more opportunities in the TPU market during the forecast period.

The global TPU market can be segmented on the basis of application, end-user, and geography. In terms of application, it is segmented into injection molding, extrusion, adhesives & sealants, and paints & coatings. The extrusion segment dominated the market in 2016 and is set for a rapid growth during the forecast period. Injection molding and sealants & adhesives accounted for the second and third highest share respectively of the global TPU market in 2016.

In terms of end-user, the global TPU market is segmented into automotive, construction, engineering, footwear, hose & tube, medical and wire & cable. The automotive segment occupied the largest market share in 2016 and is likely to witness significant growth due to the development and growth of the global automotive industry. The footwear segment is also anticipated to expand at a significant pace because of the adoption of TPU’s in footwear by the leading market players. The medical end-user segment is also likely to witness significant growth in the coming years due to the replacement of PVC with TPU.

Global Thermoplastic Polyurethane Market to Reach $2.84 Billion by 2022

Based on geography, the global TPU market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific held most of the global market share and is likely to grow in light of growing demand from the emerging economies in the region. The cost effectiveness factor also plays a major role in global key players setting up their facilities in this region. Europe held the second largest share of the global TPU market and is projected to grow in light of demand from the automotive sector in the region.

The key players in the global market include API Plastics, BASF SE, Bayer Material Science Ag, COIM, Headway Polyurethane Co. Ltd., Hexpol AB, Huntsman Corporation, Lubrizol Corporation, Miracll Chemical Co. Ltd., Polyone Corporation, Taiwan Sheen Soon and Wanhua Chemical Group Co. Ltd., etc.

 

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Global Petroleum Resins Market to Expand at above 7% CAGR by 2021

Global Petroleum Resins Market to Expand at above 7% CAGR by 2021

 

The global petroleum resins market is anticipated to expand at a CAGR of above 7% from 2017 to 2021, according to a recent market research report from Technavio.

High demand from the automotive industry is one of the primary factors driving the market growth. Petroleum resins are specifically used in the automotive industry in tire rubber compounding as they enhance modulus of the compound, improve chipping resistance, and are compatible with natural and synthetic rubber. The application of petroleum resins has also increased in the tire industry because of its improved bonding and tackiness and its assistance in the proper distribution of fillers during tire vulcanization. Additionally, regions such as APAC are expected to witness high growth in the automotive segment due to the growth in per capita income, road infrastructure, and increase in per capita of vehicles owned, which will in turn drive the growth of the global petroleum resins market.

In terms of type, the global petroleum resins market is segmented intohydrogenated hydrocarbon resins, C5 resins, C9 resins, and C5/C9 resins. The C5 resins type dominated this market in 2016, and is likely to maintain the dominance during the forecast period. Factors like wide-spread usage in the end-user industries such as construction, automotive, and personal care drive the segment’s growth in this market.

In terms of application, the market is segmented into paints and coatings, adhesives and sealants, rubber compounding, tapes and labels, printing inks, and others. The adhesives and sealants application segment reportedly led the global petroleum resins market in 2016, and is expected to continue the lead in the next four years. The rising demand for adhesives and sealants for various applications in industries such as automobiles, construction, and chemicals will fuel the growth of the market in the future.

In terms of geography, the market is segmented into APAC, Europe, North America, and ROW. APAC dominated the market in 2016 and is expected to maintain the dominance during the forecast period. The increase in demand for petroleum resins by automotive and building and construction industries and the increased per capita income in countries such as India, China, and Thailand, will be the major factors accelerating the growth of the market.

Key players in the global petroleum resins market are Arakawa Chemical Industries, Eastman Chemical, ExxonMobil, Kolon Industries, and Total Cray Valley. Other prominent players include Lesco Chemicals, ZEON CHEMICALS, Puyang Shenghong Chemical, Innova Chemical, Anglxxon Chemical Products, Shandong Landun Petroleum Resins, Puyang Tiancheng Chemical, and Neville Chemical.

 

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Global Automotive Adhesives Market to Reach $6.05 Billion by 2021

Global Automotive Adhesives Market to Reach $6.05 Billion by 2021

The global automotive adhesives market is expected to reach $6.05 billion by 2021, witnessing a CAGR of 8.5% from 2016 to 2021, according to a recent report from Research and Markets titled “Automotive Adhesives Market by Resin Type (Polyurethane, Epoxy, Acrylic, Silicone, SMP, Polyamide), Application (Body-in-White, Paint Shop, Powertrain, Assembly), Vehicle Type (Buses, Trucks, LCV), and Region – Global Forecast to 2021”.

The trend of making lightweight and fuel-efficient vehicles is now encouraging the use of aluminum and other materials to reduce the weight of vehicles, which is driving the use of adhesives in automobiles. Moreover, the rising average adhesive volume use per vehicle across the Asia-Pacific, South American, and Middle East and African markets is anticipated to propel the overall demand for automotive adhesives during the forecast period. However, volatility in raw material prices and regulations restricting the use of hazardous chemicals are the major restraints to the growth of the market.

Automotive adhesives are used in various applications. Body in white application accounted for the largest volume share of the global automotive adhesives market in 2015. Better toughness, enhanced strength and reduced weight are all achieved using automotive adhesives in body in white. The assembly application segment is expected to grow at the highest CAGR from 2016 to 2021 in all applications considered. The growth in assembly application mainly results from the need for weight reduction and joining different substrates.

Passenger cars segment is the dominant segment among all vehicle types in the global automotive adhesives market, and is projected to grow at the fastest CAGR by 2021. The increasing sales of passenger cars is propelled by the improved spending ability in countries such as India, China and Brazil. The per capita income in these countries has shown significant growth and it is expected to follow the same trend during the forecast period.

Asia-Pacific is the fastest growing market for automotive adhesives, in terms of both value and volume. High economic growth rate, growing purchasing power, developing infrastructure, growing demand from end-use industries, and global shift in production capacity from developed markets to emerging markets are the major drivers for the growth of the automotive adhesives market in this region. China has led the automotive adhesives demand in this region owing to the increased production of vehicles in recent years. China is also the largest consumer of automotive adhesive around the globe.

 

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SAM Products of SINOPEC Baling: New Solution for Asphalt Modification

New Solution for Asphalt Modification

SAM products manufactured by SINOPEC Baling Company, including YH1601, YH1602, and YH1603, provide new solution for asphalt modification, especially in self-adhering waterproofing membrane and asphalt pavement, with excellent performances.

SAM is a new product type of styrenic block copolymer (SBC) family. It has the combined properties of SBS and SIS, and its price is between that of SBS and SIS. This makes it very cost-effective. With special polymer structure, SAM is able to reduce fish eye and other defects of modified asphalt, and improve the flexibility of modified asphalt at low temperature and the ability of being stored at high temperature for a long period of time. Furthermore, in the manufacture of self-adhering waterproofing membrane, SAM can be directly applied in the self-adhering layer instead of the conventional method that requires to mix SBS, SIS and rubber powder together to make the waterproofing self-adhering layer. This can greatly enhance production efficiency and save costs.

In addition, SAM’s special structure makes it superior to SBS and SIS in certain applications. As a new type of thermoplastic elastomer, SAM is expected to lead the asphalt modification sector.

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New Hot Melt Adhesive Deals with Agricultural Packaging Problems

New Hot Melt Adhesive Deals with Agricultural Packaging Problems.png

Fresh produce packaged in corrugated cardboard trays or cellular propylene leads to demands for packaging adhesives. The produce is live, subjected to refrigeration, and it may be transported by refrigerated sea freight for several days or weeks only to be subjected to contrasting temperatures during inspection and distribution after its arrival.

Metallocene hot melt adhesives have not previously shown any advantages that would make them worth using in agricultural packaging, although they have been widely used in industrial packaging. After extensive research, it was found that a new formula would be necessary to make them useful to the agricultural sector.

BADRINAS, an established Spanish producer of hot melt adhesives, has announced its soon to be released SEMPACOL Innovation AGRI adhesive. This adhesive will allow the fresh produce packaging industry the option of a metallocene hot melt adhesive specifically formulated for agricultural packaging.

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