The Global Thermoplastic Styrene Block Copolymer (TPS) Market was valued at USD 9.4 Billion in 2023 and is projected to reach USD 13.2 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2029). This robust growth is primarily driven by escalating demand from key end-use industries like footwear, adhesives, and asphalt modification, alongside a surge in applications requiring durable, flexible, and eco-friendly polymer solutions.

In an era where material performance and sustainability are paramount, TPS stands out for its unique combination of rubber-like elasticity and thermoplastic processability. This blog delves into the Top 10 Companies in the Thermoplastic Styrene Block Copolymer Industry—global leaders and specialized manufacturers who are innovating product formulations and expanding production capacities to meet diverse industrial needs.

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Thermoplastic Styrene Block Copolymer (TPS) Market – View in Detailed Research Report

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🔟 1. Kraton Corporation

Headquarters: Houston, Texas, USA
Key Offering: SBS, SIS, SEBS, SEPS polymers under the CARIFLEX™ and KRATON™ brands

Kraton Corporation is a world-leading producer of styrenic block copolymers, offering a diverse portfolio for applications ranging from adhesives to paving materials. The company is renowned for its innovation in developing high-performance and sustainable TPS solutions, including bio-based and circular feedstock alternatives.

Innovation & Sustainability Initiatives:

• Pioneering the use of circular raw materials in SBC production

• Expanding global production capacity to meet rising demand

• Focus on developing products for medical and hygiene applications

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9️⃣ 2. Kuraray Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: SEPTON™ series (SEBS, SEPS), HYBRAR™ (SIS)

Kuraray is a major global supplier of high-performance TPS, with its SEPTON™ brand being synonymous with quality in sectors like automotive and electronics. The company’s focus on R&D has led to advanced materials with superior heat resistance, weatherability, and clarity.

Innovation & Sustainability Initiatives:

• Development of high-purity SEPS for medical and consumer product applications

• Investment in production technology to enhance efficiency and reduce environmental footprint

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8️⃣ 3. LCY Group

Headquarters: Taipei, Taiwan
Key Offering: SBS, SIS, SEBS

LCY Group is a significant player in the Asian TPS market, with a strong manufacturing footprint and a comprehensive product line. The company serves a wide array of industries, including footwear, adhesives, and plastics modification, with a focus on cost-effective and reliable solutions.

Innovation & Sustainability Initiatives:

• Geographic expansion to strengthen supply chains in Southeast Asia and the Americas

• R&D focused on developing environmentally friendly TPS grades

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7️⃣ 4. TSRC Corporation

Headquarters: Taipei, Taiwan
Key Offering: SBS, SIS, SEBS

TSRC is a leading synthetic rubber producer with a strong portfolio of TPS products. The company leverages vertical integration, from raw materials to finished polymers, ensuring consistent quality and competitive pricing for global customers in the adhesive and polymer modification markets.

Innovation & Sustainability Initiatives:

• Strategic joint ventures to enhance technological capabilities and market reach

• Commitment to sustainable manufacturing processes

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6️⃣ 5. Dynasol Group (A JV of Repsol and KUO Group)

Headquarters: Madrid, Spain
Key Offering: Calprene® SBS and SIS

Dynasol is a key European and American producer of synthetic rubber and TPS. The company’s Calprene® brand is widely used in asphalt modification, adhesives, and footwear. Its global production facilities provide a resilient supply chain for its international clientele.

Innovation & Sustainability Initiatives:

• Development of specialized grades for high-performance asphalt and adhesive applications

• Focus on creating solutions that enhance the recyclability of end-products

Download FREE Sample Report:
Thermoplastic Styrene Block Copolymer (TPS) Market – View in Detailed Research Report

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5️⃣ 6. LG Chem

Headquarters: Seoul, South Korea
Key Offering: SBS, SEBS

As one of Asia’s largest chemical companies, LG Chem has a substantial presence in the TPS market. The company produces a range of SBCs that are critical components in consumer goods, automotive parts, and construction materials, supported by strong technical service and R&D.

Innovation & Sustainability Initiatives:

• Investment in bio-balanced polymers using renewable raw materials

• Expansion of high-value SEBS production for specialized applications

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4️⃣ 7. Sinopec

Headquarters: Beijing, China
Key Offering: SBS, SIS

Sinopec, a Chinese state-owned energy and chemical giant, is a major volume producer of TPS, particularly SBS for the domestic asphalt modification and footwear markets. Its significant production capacity plays a crucial role in supplying the rapidly growing Asian infrastructure and manufacturing sectors.

Innovation & Sustainability Initiatives:

• Focus on increasing the technical grade and variety of SBS products

• Large-scale production aimed at meeting domestic demand and supporting export markets

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3️⃣ 8. INEOS Styrolution

Headquarters: Frankfurt, Germany
Key Offering: STYROFLEX® and STYROLUX® (SBCs for plastics modification)

INEOS Styrolution is a leading global styrenics supplier, with TPS products that excel in transparent, flexible, and impact-resistant applications. Their products are key ingredients for modifying plastics like PP and PS, enhancing performance in automotive and packaging industries.

Innovation & Sustainability Initiatives:

• Development of advanced polymer alloys for lightweight automotive components

• Pioneering chemical recycling technologies for styrenic polymers

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2️⃣ 9. Zeon Corporation

Headquarters: Tokyo, Japan
Key Offering: QUINTAC® (SIS), ZEONEX® (Cyclo-olefin polymers, related specialties)

Zeon Corporation is a specialty chemical company known for its high-performance elastomers and polymers. Its QUINTAC® SIS polymers are highly regarded in the adhesive industry for their excellent tack and binding properties.

Innovation & Sustainability Initiatives:

• R&D focused on creating ultra-pure and high-performance SIS for sensitive applications

• Commitment to sustainable product development and efficient manufacturing

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1️⃣ 10. JSR Corporation

Headquarters: Tokyo, Japan
Key Offering: SBS, SIS, and other elastomers

JSR Corporation is a multinational company renowned for its expertise in elastomers, plastics, and other high-performance materials. Its TPS products are used in a variety of demanding applications, contributing to the company’s reputation for technological excellence and quality.

Innovation & Sustainability Initiatives:

• Strong focus on R&D for next-generation elastomer materials

• Developing solutions for the electronics and life sciences sectors

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Thermoplastic Styrene Block Copolymer (TPS) Market – View in Detailed Research Report

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🌍 Outlook: The Versatility of TPS Drives Future Growth

The Thermoplastic Styrene Block Copolymer market is on a steady growth trajectory, fueled by its indispensable role across multiple industries. The unique properties of TPS—reprocessability, flexibility, and durability—make it a material of choice for innovators seeking sustainable and high-performance solutions.

📈 Key Trends Shaping the Market:

• Rising demand for sustainable and recyclable materials in packaging and consumer goods

• Infrastructure development in emerging economies boosting asphalt modification applications

• Technological advancements leading to high-performance grades for medical and electronics sectors

• Increasing innovation in bio-based and circular TPS to meet environmental regulations

Get Full Report Here:
Thermoplastic Styrene Block Copolymer (TPS) Market – View in Detailed Research Report

The companies leading the TPS market are not just supplying polymers; they are enabling the next generation of material science, driving innovation that makes products more durable, sustainable, and efficient across the globe.