Inkwood Research has published the report titled “ASIA PACIFIC STYRENIC BLOCK COPOLYMER MARKET FORECAST 2017-2023”. According to the report, Asia Pacific market is accelerated to grow from 2017 to 2023. The majority of the countries in APAC are emerging economies. Hence the growth of the construction industry is directly proportional to the growth of Styrenic Block Copolymer market. Styrenic Block Copolymers (SBCs) are thermoplastic elastomers that resemble rubber. Some of the distinguished properties are optical clarity, low drug absorption, process stability, toughness, biodegradability and the ability to be treated as thermoplastic materials while working as filled vulcanized elastomers. There are various applications in numerous industrial and commercial industries. The global SBC market is expected to grow at a CAGR of 5.77% during the forecast period. SBC market is segmented based on geography, product, and application. SBC market is driven by the growth of the construction industry. With distinguished properties of SBCs, various industrial and commercial industries are dependent on it as raw material. The increasing demand for SBCs results from emerging economies and various properties that are used in industrial fields. The continuous growth of SBCs is owing to its rising use in the adhesives and sealants, coatings, paving and roofing, footwear, and advanced materials industries. The dominant applications of SBC and its derivatives are a reduction of the solution viscosity in the elastomeric phase during the production phase of sealants, paints and coatings. One of its derivatives, Styrene-ethylene-butadiene-styrene (SEBS) is primarily used in the healthcare industry. Increasing applications in the healthcare industries, rising demands from emerging economies, persistent growth in the construction industry are key factors driving the growth of the SBC market. However, SBC market will be limited by major factors such as the rising popularity of Olefin Block Copolymers (OBC) and fluctuations in the raw material prices.