EUROPE SBC AND ITS DERIVATIVES MARKET 2019-2027

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As per a Triton Market Research report, the SBC and its derivatives market in Europe is set to surge, at a CAGR of 5.23% and 6.37% in terms of volume and revenue, respectively, in the projected period 2019-2027. The countries evaluated in the Europe SBC and its derivatives market are: •         Italy •         The United Kingdom •         Germany •         Russia •         France •         Spain   •         Rest of Europe The German SBC and its derivatives market is expected to show steady growth as a result of the increasing demand for the product from various industries where it is applied, mainly from the roofing and paving industry.
SBC is used in the country’s two major sectors that generate major revenue - automotive and construction. The tremendous growth in these industries has resulted in the development of SBC and its derivatives market in Germany.
The high standard of living is also considered as one of the main drivers in the market growth of SBC. https://www.tritonmarketresearch.com/reports/europe-sbc-and-its-derivatives-market#request-free-sample Major auto-manufacturing giants, PSA Peugeot Citroën and Renault S.A., are France-based companies.
The tremendous growth in the automobile industry is the biggest driver in the market growth of the SBC and its derivatives in the country. Also, there is an increase in demand for SBC from other industries like footwear, adhesives & sealants and polymer modification.
The increase in road development projects in France is also likely to drive the market growth of SBC and its derivatives. BASF SE is one of the largest chemical company that manufactures a wide range of products such as chemicals, dyes, plastics and petrochemicals, monomers and petrochemicals segments.
Headquartered in  Ludwigshafen, Germany, the company has a strong global presence all over the world.  Some renowned players in the SBC and its derivatives market are Sinopec, Eni.
Versalis S.p.A., Kraton, BASF SE, Kumho Petrochemical, INEOS Styrolution, Eastman Chemical Company, ZEON Corporation, Dynasol Group, Denka Company Limited, Asahi Kasei Corporation, LG Chem, LCY Chemical Corp. and PolyOne.
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