The Global Syndiotactic Polystyrene Market was valued at USD 79 Million in 2021 and is projected to reach USD 110.4 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period (2022–2028). This growth is being driven by the material’s exceptional heat resistance, chemical stability, and excellent electrical properties, which are increasingly in demand across automotive electronics, electronic components, and food packaging applications.

As industries demand more durable, lightweight, and high-temperature-resistant polymers, syndiotactic polystyrene (SPS) is emerging as a superior alternative to traditional plastics. In this blog, we profile the Top 10 Companies in the Syndiotactic Polystyrene Industry—a mix of chemical giants, material innovators, and application specialists shaping the future of high-performance engineering plastics.

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🔟 1. Idemitsu Kosan Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: XAREC® SPS Resins

Idemitsu Kosan is the global pioneer and a dominant leader in the syndiotactic polystyrene market. The company developed the world’s first commercial SPS production technology and markets its products under the XAREC® brand. Their resins are renowned for high heat resistance, excellent dielectric properties, and superior hydrolysis resistance compared to other engineering plastics.

Innovation and Market Initiatives:

• World’s first commercial-scale SPS production facility

• Continuous development of new XAREC® grades for advanced applications

• Strategic partnerships with global automotive and electronics manufacturers

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9️⃣ 2. LG Chem

Headquarters: Seoul, South Korea
Key Offering: SPS compounds and alloys

LG Chem is a major global chemical company with significant expertise in advanced polymer materials. Their involvement in the SPS market includes developing specialized compounds and alloys that enhance the material’s properties for specific high-performance applications, particularly in the electronics and automotive sectors.

Innovation and Market Initiatives:

• Development of glass fiber-reinforced SPS grades

• Focus on SPS applications for electric vehicle components

• Expansion of SPS production capacity to meet growing Asian market demand

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Specialty polymers including SPS compounds

BASF, one of the world’s largest chemical producers, maintains a strong position in high-performance polymers through its extensive research and development capabilities. The company offers specialized SPS compounds tailored for demanding applications where heat resistance and dimensional stability are critical.

Innovation and Market Initiatives:

• Advanced SPS compounding technologies

• Development of flame-retardant SPS grades for electrical applications

• Sustainability focus with recyclable SPS formulations

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7️⃣ 4. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: High-performance engineering plastics including SPS

Mitsubishi Chemical Group leverages its extensive polymer expertise to produce and distribute syndiotactic polystyrene for specialized applications. The company focuses on developing SPS solutions that meet the stringent requirements of the electronics and automotive industries in Asia and globally.

Innovation and Market Initiatives:

• Custom SPS formulations for specific client requirements

• Research into SPS applications for 5G infrastructure components

• Expansion of technical service and support capabilities

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6️⃣ 5. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: Specialty thermoplastics portfolio

SABIC maintains a significant presence in the engineering plastics market with capabilities in syndiotactic polystyrene production and compounding. The company’s global distribution network and technical expertise position it as a key supplier for automotive, electrical, and industrial applications requiring high-temperature performance.

Innovation and Market Initiatives:

• Development of SPS compounds for under-the-hood automotive applications

• Focus on sustainability through recyclable material solutions

• Global technical support and application development services

Download FREE Sample Report:
Syndiotactic Polystyrene Market – View in Detailed Research Report

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5️⃣ 6. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: High-performance polymers including specialized SPS grades

Solvay brings its extensive experience in specialty polymers to the SPS market, focusing on high-value applications where exceptional thermal and chemical resistance are required. The company’s technical expertise supports the development of customized SPS solutions for demanding industrial applications.

Innovation and Market Initiatives:

• Development of high-flow SPS grades for complex thin-wall applications

• Focus on SPS for electrical insulation and connector applications

• Sustainability initiatives for circular economy applications

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4️⃣ 7. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Engineering plastics including SPS compounds

Celanese is a global chemical and specialty materials company with strong capabilities in high-performance polymers. Their involvement in the SPS market includes developing specialized compounds that leverage the material’s unique properties for automotive, electrical, and consumer applications.

Innovation and Market Initiatives:

• Custom SPS compounding for specific performance requirements

• Development of SPS alloys with enhanced mechanical properties

• Global application development and technical service network

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3️⃣ 8. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Advanced materials including SPS resins

Toray Industries utilizes its advanced materials expertise to develop and distribute syndiotactic polystyrene for high-performance applications. The company’s strong position in Asian markets and technical capabilities support the growth of SPS in electronics and automotive applications.

Innovation and Market Initiatives:

• Development of SPS materials for miniaturized electronic components

• Focus on high-purity SPS grades for medical and food contact applications

• Expansion of SPS applications in emerging technology sectors

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2️⃣ 9. INEOS Styrolution

Headquarters: Frankfurt, Germany
Key Offering: Styrenic polymers including specialty SPS grades

INEOS Styrolution, as a global leader in styrenics, has capabilities in syndiotactic polystyrene production and development. The company leverages its extensive experience in polystyrene chemistry to create specialized SPS solutions for demanding applications across multiple industries.

Innovation and Market Initiatives:

• Development of SPS compounds with enhanced processability

• Focus on automotive electrification applications

• Sustainability initiatives for recyclable SPS materials

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1️⃣ 10. Sumitomo Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Specialty chemicals and plastics including SPS

Sumitomo Chemical applies its extensive chemical industry expertise to the development and distribution of syndiotactic polystyrene. The company focuses on high-value applications where SPS’s unique combination of properties provides significant advantages over alternative materials.

Innovation and Market Initiatives:

• Development of SPS for high-frequency electronic applications

• Focus on material solutions for next-generation automotive systems

• Technical collaboration with end-users for application development

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Syndiotactic Polystyrene Market – View in Detailed Research Report

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

The syndiotactic polystyrene market is experiencing significant transformation as industries increasingly prioritize materials that offer superior performance characteristics. While traditional engineering plastics still dominate many applications, SPS is gaining traction in sectors where its unique properties provide distinct advantages.

📈 Key Trends Shaping the Market:

• Expanding applications in electric vehicle components and charging infrastructure

• Growing demand for miniaturized, high-performance electronic components

• Increasing focus on sustainable and recyclable high-performance materials

• Development of new SPS grades with enhanced properties and processability

Get Full Report Here:
Syndiotactic Polystyrene Market – View in Detailed Research Report

The companies listed above are not only supplying advanced materials—they’re driving innovation in high-performance polymer applications across multiple industries.