The healthcare industry is driving Europe’s demand for Styrenic Block Copolymers (SBC). It will grow in the period of 2017-2023 based on the estimation. SBC is thermoplastic elastomer (TPE) that is similar to rubber, with noted properties such as optical clarity, low drug absorption, process stability, toughness, biodegradability and the ability to be considered thermoplastic materials while working as filled vulcanized elastomers. They are used in a number of industrial and commercial fields. It is estimated that SBC market around the globe will grow at a CAGR of 5.77% in the period of 2017-2023. SBC market is divided up based on geography, product and application. SBC market is driven by the rapid growth of the construction industry. With SBC’s superior properties, many industrial and commercial industries are dependent on it as raw material. The increasing demand for SBC results from emerging economies and a lot of properties that are utilized in industrial fields. SBC’s continuous growth lies in the rising application in adhesive, sealant and coatings industry, paving and roofing, footwear and advanced materials. The main applications of SBC and its derivatives help reduce 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 mainly used in the healthcare industry. Increasing applications in the healthcare industries, rising demands from emerging economies, sustaining growth in the construction industry are vital impetuses for the growth of SBC market. The major market restraints for SBC market are rising popularity of Olefin Block Copolymers (OBC) and price fluctuations of raw materials.