SBC and Its Derivatives Market Share, Size, Growth, Key Players and Forecast 2023-2028

According to the latest report by IMARC Group, titled "SBC and Its Derivatives Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights into the SBC and its derivatives market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global SBC and its derivatives market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

SBC and Its Derivatives Market Outlook:

SBC (Single Board Computer) and its derivatives refer to a computer system built on a single circuit board rather than multiple boards or components. SBCs are used in many applications, including embedded systems, robotics, and industrial automation, that require compact and low-power computing solutions. They are designed for offering high processing power, graphics performance, and memory capacity, making them ideal for demanding applications, such as AI and machine learning. SBC is an attractive option for a wide range of applications due to its low cost, ease of use, and versatility. It will likely continue to be a popular choice for embedded systems and other applications.

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Global SBC and Its Derivatives Market Trends:

The global market is majorly driven by the increasing demand for compact and low-power computing solutions across a range of applications. In line with this, the advent of the Internet of Things (IoT) and the rising use of artificial intelligence and machine learning technologies are significantly contributing to the market growth. Furthermore, the growing usage of SBC and its derivatives in educational, hobbyist, and DIY projects is positively influencing the market. Apart from this, heavy investments by the market players in continual innovation and technological advancements in product and process technologies are offering lucrative opportunities for market expansion. Moreover, the augmenting demand for SBC and its derivatives in advanced materials is expected to witness a significant rise due to their widespread utilization in various industries, such as automotive, food and beverages, and electrical and electronics.

Besides, the rapid product adoption in paving and roofing in the construction industry is propelling the market. The escalating demand for medical equipment, devices, and materials with high waterproofing capabilities to lower the risks of contamination is bolstering the product uptake. Additionally, the rising environmental concerns and stringent regulations imposed by several governments for the reduction of polyvinyl chloride (PVC) are providing a boost to the growth of the SBC and its derivatives market. These regulations encourage the usage of these and other thermoplastic materials for commercial applications to follow guidelines for the usage of the product.

Key Market Segmentation:

Competitive Landscape:

• Asahi Kasei Corporation
• Avient Corporation
• BASF SE
• China Petroleum & Chemical Corporation
• Denka Company Limited
• Dynasol Group
• Kraton Corporation (DL Chemical Co., Ltd.)
• LG Chem Ltd. (LG Corporation)
• LYC Group
• TRSC Corporation
• Versalis (Eni S.p.A.)

Product Type Insights:

• Styrene-Isoprene-Styrene (SIS)
• Styrene-Butadiene-Styrene (SBS)
• Styrene-Ethylene-Butadiene-Styrene (SEBS)
• SEPS and Other H-SBC

Application Insights:

• Footwear
• Adhesives, Sealants and Coatings
• Roofing and Paving 
• Advanced Materials
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance 
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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