Published Date : 13 Sep 19 | Views: 72 | Industry : Chemical & Material
The global Styrene Isoprene Styrene (SIS) market is primarily segmented into two segments such as by product type and by application. By product type, the market is further segmented into radial, linear and Others. Among product types, linear segment is foreshown to collect solid market share in the global Styrene Isoprene Styrene market. By application, the global Styrene Isoprene Styrene (SIS) market is segmented into film, labels, hygiene, tape, flexi-printing plate, and Others. Flexi-printing plate could be high in demand during the projected period of 6-years, i.e. between 2019 and 2025.
Growing usage of advanced technologies in the production of SIS in North America to bolster the global Styrene Isoprene Styrene (SIS) market growth. Apart from North America, Europe is also foreshown to observe outstanding growth in the coming years. The presence of emerging economies like India and China with high consumption of Styrene Isoprene Styrene forecasted to benefit Asia Pacific to grow at a faster pace in the worldwide market. Heavy investment by companies around the world because of the availability of human resources at low costs is also another reason supplementing the global Styrene Isoprene Styrene (SIS) market in the Asia-Pacific region.
Sinopec, Jusage, LCY, Jinhai Chenguang, Versalis, Kraton, Zeon, and TSRC are some of the prominent players in the global Styrene Isoprene Styrene (SIS) market. QYR Consulting has done a detailed assessment of the competitive landscape of key market participants. Product differentiation along with the risk of forward and backward integration by companies to distribute their product and acquire a large market share prophesied to create cut-throat competition in the global market.
Styrene (SIS) finds numerous applications in the rubber industry for the
manufacturing of rubber products. The automotive industry is witnessing the
growing demand for styrene isoprene styrene. Rising urbanization and heavy
demand for Sedans and SUVs anticipated to drive the market growth.
The global Styrene Isoprene Styrene (SIS) Market could grow with a telling CAGR because of the rising construction and packaging industry. It also showing solid demand for consumer goods and infrastructural facilities in developing countries in the Asia-Pacific region