As per a latest study by Global Market Insights, Inc. Medical Styrenic Polymers Market share will reach over USD 1.5 billion by 2024.

The production of styrenic polymers is done by the polymerization of styrene monomers and chemical compounds such as butadiene, acrylonitrile, and others. Owing to the increasing applications such as in packaging, automotive industry, building and construction, and appliances, the production of styrene-based derivatives is a growing trend.

Styrenic block copolymer is the most predominantly consumed member of TPE family. These polymers are utilized in a wide range of applications which demand for high performance. They possess properties identical to that of rubber but are developed as polymers. Due to their bulk usage in comparison to other TPEs, they are the lowest priced thermoplastic elastomers.

Growing demand from applications, such as paper and packaging and building and construction is expected to fuel the growth of the adhesives and sealants market.

The industry analysis report “Polymer Modified Bitumen (PMB) Market Size By Product, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”  by Global Market Insights, Inc. says Polymer Modified Bitumen (PMB) Market Share is set to exceed USD 14 billion by 2024.

BECmaterials will attend China International Adhesives and Sealants Exhibition on AUG 23-25,2017. Booth: B0116

The global market for Styrene-Butadiene-Styrene (SBS) Block Copolymer is driven by robust demand across end-use application markets including Adhesives, Sealants, and Coatings, Asphalt Modification, Polymer Modification, Footwear, Cables & Wires, and Electric Appliances among others.

Asphalt shingles remain the dominant roofing option in North America, and they are found on roofs in scores of countries around the world. Regardless of color or style, they are all manufactured in basically the same way in a continuous web process, using a short list of key raw materials.

The Petroleum Resin market size is estimated to grow from USD 1.78 Billion in 2016 to USD 2.58 Billion by 2021, at a CAGR of 7.7%.

The increasing utilization of solution styrene butadiene rubber in tire and footwear applications is expected to drive demand over the forecast period.

One of the findings of Smithers Pira’s study The Future of Thermoplastic Elastomers to 2022 is that the global TPE market will grow strongly across the next five years. The study shows how this sector has expanded at a compound annual growth rate (CAGR) of 5.4% for since 2012 to reach 4.24 million t in 2017. This growth will continue at a rate of 5.5% across the next five years to hit 5.53 million tonnes in 2022. The study sub-divides this market by TPE type, end-use application and geographic region.

Adhesives have become a key word for various industrial applications. Growth in end-use industries such as construction, automotive, electronics, and packaging are driving the demand for industrial adhesives market.