OBCs sought as an alternative to elastomers like Styrene Block Copolymers (SBC). Further, OBCs are used along with Ethylene-Vinyl Acetate (EVA) in the form of blends and in foam applications. It can also be used as a replacement of EPDM in compounded thermoplastic olefins (TPO). OBCs are widely used as compatibilizer in PP/HDPE blends.
Global Olefinic Block Copolymer (OBC) Demand Analysis (Kilo Tons)(2015 - 2030)
North America is estimated to account for 13.4% OBCs consumption at a global level while Western Europe s share is estimated to be around 10.8%. The other regions like Central & Eastern Europe, Central & South America and Middle East & Africa together account for 8.9%.
Globally the OBCs market is witnessing growth on account of increasing applications and growing demand in Asia-Pacific and other developing regions. OBCs are gradually replacing other thermoplastic elastomers like SBC and TPUs in variety of applications. This market study describes the global OBCs market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, South America, Asia-Pacific and Middle East & Africa. Major countries including U.S., Germany, France, Italy, U.K., China, Japan, India, and South Korea. The market is segmented on the basis of applications such as footwear, adhesives, houseware, infrastructure and others.
Key demand drivers for OBCs especially INFUSE OBCs have been their application in the footwear industries, hot melt adhesives (HMA) and pressure sensitive adhesives (PSA). In 2017, Footwear applications constituted the largest demand for OBCs accounting for nearly 50% of the total demand followed by adhesives applications accounting for around 27% of the total demand. Houseware applications accounted for about 11% of the total demand. All other applications including, infrastructure constituted about 5-8% each of the total demand.