Styrenic Block Copolymers Demand to Grow Nearly 4% Annually Through 2022

Footwear market overall continues to mature, restraining thermoplastic elastomer (TPE) sales opportunities

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May 30, 2018, 09:45 ET

CLEVELAND, May 30, 2018 /PRNewswire/ -- Worldwide styrenic block copolymers (SBC) demand is expected to expand at a 3.9% annual pace through 2022 to 2.4 million metric tons, valued at $8.9 billion, a rate consistent with the growth of the 2012-2017 period. The Asia/Pacific region will remain the leading consumer of SBCs, continuing to account for about 60% of demand. Advances in the large Chinese footwear market will continue to decelerate, with growth transferred to smaller but fast-advancing footwear industries in India, Indonesia, Vietnam, and other Southeast Asian countries. These and other trends are presented in Global Thermoplastic Elastomers Market, 10th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.

More information about this study is here: https://www.freedoniagroup.com/industry-study/global-thermoplastic-elastomers-by-product-market-and-country-10th-edition-3633.htm

The footwear market overall continues to mature, restraining thermoplastic elastomer (TPE) sales opportunities to a certain extent. Nevertheless, the Asia/Pacific region remains the foremost global supplier of home appliances and other consumer products, which are both fast expanding markets for SBCs in soft touch applications like personal care products and office supplies.

North America and Western Europe remain significant markets for styrenic block copolymers, although their combined share of global demand dropped from 42% in 2007 to 30% in 2017. Countries in these regions boast large and technologically advanced construction industries, a key segment for SBCs used as asphalt modifiers and sealants. Additionally, North America and Western Europe generate substantial demand for SBC-based adhesives in tapes and labels for packaging and nonwoven disposable products.

Demand for all types of TPEs is expected to expand 4.1% annually through 2022 to 6.8 million metric tons, valued at $25.5 billion. Robust growth in developing markets like Thailand and India will drive gains in the near term, stimulated by rapid economic development and slow but steady market penetration of TPEs. Adoption of TPEs will also continue to advance in the developed world, as concerns about competitive materials bring TPEs to the forefront.

Related studies include:

#3605 Global Industrial Rubber Products Market, 4th Edition (February 2018)
#3603 Global Plastics Processing Machinery, 6th Edition (January 2018)

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Plastics & Other Polymers studies can be purchased at https://www.freedoniagroup.com/, www.marketresearch.com and www.profound.com.

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SOURCE The Freedonia Group