Press Release

Global Styrene Isoprene Styrene (SIS) Market is Expected to Reach US$ 1.69 Bn by 2024

Date : Dec 14, 2018

New report published by Global QYResearch which offers insights on the global Styrene Isoprene Styrene (SIS) market. The Styrene Isoprene Styrene (SIS) market has been experiencing steady growth graph since past years. The global styrene isoprene styrene (SIS) market is valued at USD 982.9 million in 2017 and is expected to reach USD 1,691.3 million by the end of 2024, growing at a growth rate of 8.06% between 2017 and 2024.

Global Styrene Isoprene Styrene (SIS) Market: Market Driver and Restraint

Applications of Styrene Isoprene Styrene (SIS) are anticipated to create new business segments in the market. Styrene Isoprene Styrene (SIS) is in use for a broad range of flexi-printing plate, film, hygiene, labels and tapes etc. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Styrene Isoprene Styrene (SIS) is used in producing various hygiene.

Global Styrene Isoprene Styrene (SIS) Market: Key Takeaways

·           In the world the main manufacturers are Kraton, LCY, TSRC and Versalis. Kraton is the largest manufacturer in the world.

·         Styrene isoprene styrene (SIS) belongs to styrenic block copolymers (SBCs), due to its high strength, low hardness and low viscosity, it is mainly used in pressure sensitive adhesives.

Global Styrene Isoprene Styrene (SIS) Market: Forecast by Nature

This segment includes linear and radial etc. The average selling price for linear SIS is relatively high in global styrene isoprene styrene (SIS) than other segments. linear SIS segment is expected to remain dominant in the global Styrene Isoprene Styrene (SIS) market throughout the forecast period with a amount share of 91.27% in 2017. Conventional segment is expected to rank relatively high on the attractiveness index in the global Styrene Isoprene Styrene (SIS) market by 2028 end; however, linear SIS is expected to account for a relatively higher growth rate in the Styrene Isoprene Styrene (SIS) market over the forecast period.

Global Styrene Isoprene Styrene (SIS) Market: Forecast by Application

Application segment consists of flexi-printing plate, film, hygiene, labels and tapes etc. In 2017, the styrene isoprene styrene (SIS) consumption (sales) in flexi-printing plate was 17.14 K MT, and it will reach 23.08 K MT in 2024; while the sales market share in flexi-printing plate was 5.39% in 2017 and will be 5.6% in 2024.

Global Styrene Isoprene Styrene (SIS) Market: Forecast by Form

This segment includes Linear and Radial etc. In 2017, the linear production was 290.25 K MT and the market share was 91.27%, and it will be 377.99 K MT and 91.71% in 2024, with a growth rate 3.85% from 2017 to 2024. In 2017, the radial production was 21.77 K MT and the market share was 6.85%, and it will be 28.07 K MT and 6.81% in 2024, with a growth rate 3.7% from 2017 to 2024.

Global Styrene Isoprene Styrene (SIS) Market: Forecast by Region

North America, Europe, Asia Pacific and South America are the four regions that are included in this report. Asia Pacific as the largest consumption country consumes 199.13 K MT in 2017, which takes 62.62% of the global consumption volume.

Global Styrene Isoprene Styrene (SIS) Market: Key Players

In the world the main manufacturers are Kraton, LCY, TSRC and Versalis. Kraton is the largest manufacturer in the world, and the sales amount is 70.36 K MT in 2017, which takes 22.13% of the global production. The cost is deeply affected by the raw material price, therefore influencing the sale price. Sale price of manufacturers increased greatly since 2016.

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