The Global Thermoplastic Styrene Block Copolymer (TPS) Market is a cornerstone of the modern polymer industry, renowned for its versatility and exceptional performance characteristics. Valued at approximately USD 10.5 Billion in 2023, the market is projected to surpass USD 15 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of around 6.5% during the forecast period (2023–2028). This robust growth is fueled by escalating demand from key end-use sectors like adhesives and sealants, asphalt modification, footwear, and polymer compounding, driven by the material’s unique blend of elasticity, processability, and durability.

As industries increasingly prioritize high-performance, sustainable, and versatile materials, the role of TPS manufacturers becomes ever more critical. These companies are not just supplying materials; they are pioneering advanced formulations, expanding production capacities, and driving innovations in recycling and bio-based alternatives. In this comprehensive analysis, we profile the Top 10 Companies in the Thermoplastic Styrene Block Copolymer Industry—a diverse group of chemical giants and specialized polymer producers shaping the future of this dynamic market.

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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 global leader in the production of styrenic block copolymers, offering one of the industry’s most extensive portfolios. Their high-performance polymers are critical components in adhesives, roofing, footwear, and plastics modification, known for their consistency and technical superiority.

Innovation and Sustainability Initiatives:

• Development of CIRCLE™ products, a line of polymers containing recycled content

• Expansion of SEBS and SEPS capacities to meet growing demand for high-value applications

• Commitment to sustainable sourcing and reducing environmental footprint across operations

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

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9️⃣ 2. LG Chem

Headquarters: Seoul, South Korea
Key Offering: Comprehensive range of SBS, SEBS, and SIS polymers

As one of Asia’s largest chemical companies, LG Chem is a major force in the TPS market. The company leverages its integrated petrochemical infrastructure to produce high-quality block copolymers for automotive, construction, and consumer goods industries worldwide.

Innovation and Sustainability Initiatives:

• Significant investments in R&D for next-generation TPS grades with enhanced UV stability and weatherability

• Focus on developing sustainable solutions, including bio-based raw material options

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8️⃣ 3. Kuraray Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: SEBS polymers (SEPTON™), Hydrogenated SBS, and other specialty elastomers

Kuraray is renowned for its high-performance hydrogenated styrenic block copolymers, particularly its SEPTON™ series. These materials are prized for their excellent heat resistance, weather ability, and soft touch, making them ideal for automotive parts, medical devices, and soft-touch plastics.

Innovation and Sustainability Initiatives:

• Pioneering high-purity SEBS grades for medical and food-contact applications

• Development of super-soft grades for advanced consumer products

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7️⃣ 4. INEOS Styrolution

Headquarters: Frankfurt, Germany
Key Offering: SBS and SIS copolymers under the STYROLUTION™ brand

INEOS Styrolution is a leading global styrenics supplier with a strong foothold in the TPS market. The company’s products are extensively used in adhesives, bitumen modification, and footwear, supported by a robust global production and distribution network.

Innovation and Sustainability Initiatives:

• Investment in advanced recycling technologies for polystyrene and styrenic copolymers

• Focus on developing solutions for the circular economy, including chemically recycled feedstocks

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

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6️⃣ 5. TSRC Corporation

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

TSRC is a major synthetic rubber producer with a significant and growing presence in the TPS market. The company supplies a wide range of block copolymers to the adhesive, asphalt, and polymer modification industries, with a strong focus on the Asian market.

Innovation and Sustainability Initiatives:

• Capacity expansions to meet rising demand in Southeast Asia and China

• Development of specialized grades for high-performance asphalt modification

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5️⃣ 6. JSR Corporation

Headquarters: Tokyo, Japan
Key Offering: Specialty elastomers including SBS and hydrogenated SBCs

JSR Corporation is a diversified chemical company with a strong elastomers business. Its TPS products are known for their high quality and are used in demanding applications such as high-performance adhesives, medical devices, and electronic components.

Innovation and Sustainability Initiatives:

• R&D focus on high-value, niche applications for elastomers

• Commitment to sustainable manufacturing practices and product stewardship

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4️⃣ 7. LCY Group

Headquarters: Kaohsiung, Taiwan
Key Offering: SBS, SIS, and other thermoplastic elastomers

LCY Group is a leading producer of performance chemicals and elastomers, with a comprehensive product portfolio that serves global markets. The company’s TPS products are essential for applications ranging from construction and packaging to consumer goods.

Innovation and Sustainability Initiatives:

• Strategic expansions to enhance global supply chain resilience

• Investment in product development for more sustainable adhesive formulations

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3️⃣ 8. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: TUFPRENE™ (SBS) and ASAPRENE™ (SIS) polymers

Asahi Kasei is a prominent chemical manufacturer with a long history in synthetic rubber and elastomers. The company’s TUFPRENE and ASAPRENE brands are well-established in the market, known for their reliability in asphalt modification, adhesives, and footwear.

Innovation and Sustainability Initiatives:

• Continuous improvement of product properties for enhanced performance in road paving

• Integration of sustainability goals into product development and manufacturing processes

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2️⃣ 9. Avient Corporation

Headquarters: Avon Lake, Ohio, USA
Key Offering: Specialty compounded TPEs including SBC-based formulations

Avient is a premier provider of specialized and sustainable material solutions. While not a primary producer of base SBCs, the company is a key player in the value chain, creating high-performance compounds and alloys that utilize TPS for applications in consumer, automotive, and industrial markets.

Innovation and Sustainability Initiatives:

• Extensive portfolio of sustainable TPE solutions, including post-consumer recycled content

• Focus on developing lightweighting solutions for automotive and electronics

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1️⃣ 10. China Petroleum & Chemical Corporation (Sinopec)

Headquarters: Beijing, China
Key Offering: SBS polymers for asphalt modification and adhesives

Sinopec, one of the world’s largest integrated energy and chemical companies, is a major producer of SBS in the Asian market. Its large-scale production capabilities make it a key supplier for infrastructure projects, particularly in road construction and maintenance.

Innovation and Sustainability Initiatives:

• Significant domestic production capacity supporting China’s infrastructure development

• Research into improving the performance and longevity of SBS-modified asphalt

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

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🌍 Outlook: The Future of TPS Is Sustainable and High-Performance

The Thermoplastic Styrene Block Copolymer market is at an inflection point. While traditional applications continue to drive volume growth, the industry is increasingly focused on sustainability, circular economy principles, and high-value specialized applications. Manufacturers are investing in new technologies to reduce environmental impact and meet evolving regulatory and consumer demands.

📈 Key Trends Shaping the Market:

• Growing demand for bio-based and recycled content TPS to enhance sustainability credentials

• Expansion of TPS applications in the medical and healthcare sectors due to their safety and flexibility

• Increasing use of high-performance SBS in road construction for more durable and quieter pavements

• Development of advanced SEBS and SEPS grades for superior UV resistance and thermal stability

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

The companies profiled are not only supplying essential materials to a multitude of industries—they are actively driving innovation and shaping a more sustainable future for polymer technologies.