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Showing posts with the label Styrenic Block Copolymers Market Trend

Styrenic Block Copolymers Market Growth Analysis and Foresight to 2024

Increasing consumption of advanced materials in building & construction to meet structural requirements is a key factor propelling the use of polymer modified bitumen and high-performance plastics. Structural applications requiring lightweight and strength are composed of copolymers as reinforcing agents as opposed to traditional metals. The Global Styrenic Block Copolymers (SBCs) Market is expected to reach USD 10.22 billion by 2024, according to a new report by Grand View Research, Inc. Furthermore, regulations by several governments to promote sustainable construction practices as means to reduce building waste and energy utilization are likely to influence SBC consumption trends. Paving & roofing application accounted for nearly 30% of the global volume in 2015. The shift in trend towards developing alternative routes for production using bio-based raw materials is expected to influence industry dynamics with manufacturers shifting towards greener products. They ar...