Styrenic Block Copolymers Market

 Styrenic Block Copolymers  Market was valued at USD 760 million and is expected to grow at a CAGR of 21.3% from 2013 to 2019 to reach an estimated value of USD 2,937.3 million by 2019.

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Demand for SBCs in the medical industry is primarily driven by a growing trend of replacing PVC products by SBCs, primarily due to health and environmental issues related with PVC usage. However, volatility in raw material prices has emerged as a critical challenge to SBC producers worldwide. Increasing R&D in bio-based SBC plastics is expected to herald the most promising opportunity in the market; bio-based SBCs along with being environment friendly are also economically feasible against their synthetic counterparts.

Styrene Ethylene Butylene Styrene (SEBS) is the most dominant SBC product consumed by the medical and healthcare industry and accounted for over 68% of total medical SBC volumes in 2011. SEBS is primarily used for manufacturing medical bags (including IV, CAPD and blood bags) and other flexible materials in the medical industry. SEBS is also the fastest growing type of SBC used in the medical sector.