The Global OBC Elastomer Market was valued at USD 768 Million in 2025 and is projected to reach USD 1017 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period (2024–2034). This growth is being driven by increasing demand from the automotive sector for lightweight materials, the expansion of flexible packaging, and the versatility of Olefin Block Copolymers (OBCs) across diverse consumer and industrial applications.

As industries worldwide prioritize performance, sustainability, and recyclability, the spotlight is on the key chemical companies that are driving innovation in advanced polymer science. In this blog, we profile the Top 10 Companies in the OBC Elastomer Industry—a mix of chemical giants, specialty material producers, and innovators shaping the future of thermoplastic elastomers.

Download FREE Sample Report:
OBC Elastomer Market – View in Detailed Research Report

---

🔟 1. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: INFUSE™ OBC Elastomers

Dow is a global leader in materials science and a pioneer in the development of Olefin Block Copolymer technology. Their INFUSE™ OBCs are renowned for their excellent balance of flexibility, toughness, and processability, serving a wide array of markets from automotive to hygiene and packaging.

Innovation and Sustainability Initiatives:

• Continuous development of advanced OBC grades for enhanced performance

• Focus on creating solutions aligned with circular economy principles

• Commitment to achieving carbon neutrality by 2050

---

9️⃣ 2. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: TAFMER™ BL Elastomers

Mitsui Chemicals is a major global supplier of polyolefins and a key player in the OBC elastomer space. Their TAFMER™ BL series offers superior softness, heat resistance, and elasticity, making them ideal for automotive components, film applications, and polymer modification.

Innovation and Sustainability Initiatives:

• Expansion of production capacity to meet growing Asian market demand

• Development of high-performance grades for electric vehicle (EV) applications

• Integration of sustainable practices across their manufacturing value chain

---

8️⃣ 3. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: SABIC® OBC Elastomers

SABIC, a global powerhouse in diversified chemicals, offers a portfolio of OBC elastomers that provide exceptional flexibility and durability. Their materials are used in demanding applications such as automotive sealing systems, consumer goods, and wire & cable.

Innovation and Sustainability Initiatives:

• Investment in research for bio-based and recycled content OBCs

• Strategic focus on lightweighting solutions for the transportation industry

• Commitment to the Saudi Green Initiative for sustainable operations

---

7️⃣ 4. LG Chem

Headquarters: Seoul, South Korea
Key Offering: Lucene™ OBC Elastomers

LG Chem is a leading chemical company in Asia with a strong presence in advanced materials. Their Lucene™ OBC elastomers are known for excellent transparency, soft touch, and chemical resistance, catering to the automotive interior, footwear, and appliance markets.

Innovation and Sustainability Initiatives:

• Development of high-clarity OBCs for premium consumer applications

• Active pursuit of carbon reduction and sustainable material goals by 2030

• Expansion of eco-friendly product portfolios

Download FREE Sample Report:
OBC Elastomer Market – View in Detailed Research Report

---

6️⃣ 5. ExxonMobil Corporation

Headquarters: Spring, Texas, USA
Key Offering: Vistamaxx™ Performance Polymers

While primarily known for its energy division, ExxonMobil Chemical is a significant producer of specialty elastomers. Their Vistamaxx™ polymers, though not strictly OBCs by some definitions, are metallocene-catalyzed propylene-based elastomers (PBE) that compete directly in many OBC applications, offering excellent elasticity and compatibility.

Innovation and Sustainability Initiatives:

• Ongoing innovation in polymer technology for enhanced material properties

• Focus on applications in hygiene, packaging, and automotive

• Corporate-wide ambition for net-zero emissions by 2050

---

5️⃣ 6. Borealis AG

Headquarters: Vienna, Austria
Key Offering: Queo™ Plastomers (Competitive Offering)

Borealis is a leading provider of innovative polyolefin solutions. Their Queo™ plastomers, based on proprietary Borstar® technology, offer a combination of flexibility, toughness, and scalability. They serve as high-performance alternatives in markets overlapping with OBC elastomers, such as flexible packaging and automotive.

Innovation and Sustainability Initiatives:

• Strong commitment to circular economy with recycled content offerings

• Development of advanced materials for energy and resource efficiency

• Focus on value-creating partnerships across the value chain

---

4️⃣ 7. Sumitomo Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Advanced Polyolefin Elastomers

Sumitomo Chemical possesses extensive expertise in petrochemicals and advanced materials. The company produces a range of high-performance elastomers that compete in the OBC space, emphasizing quality and consistency for applications in automotive parts, industrial goods, and electronics.

Innovation and Sustainability Initiatives:

• R&D focus on materials for next-generation mobility and digital devices

• Initiatives to reduce environmental impact through green chemistry

• Commitment to sustainable development goals (SDGs)

---

3️⃣ 8. SK Global Chemical

Headquarters: Seoul, South Korea
Key Offering: SK Chemicals OBC-related Elastomers

As part of the SK Group, SK Global Chemical is a major player in the Asian chemical industry. The company is actively involved in developing and supplying advanced polyolefin elastomers, including solutions that serve the same high-value applications as OBCs, particularly in automotive and consumer products.

Innovation and Sustainability Initiatives:

• Investment in eco-friendly and bio-based material technologies

• Strategic expansion to capture growth in the electric vehicle sector

• Focus on building a sustainable petrochemical ecosystem

---

2️⃣ 9. INEOS Olefins & Polymers

Headquarters: London, United Kingdom
Key Offering: Innovative Polyolefin Solutions

INEOS is one of the world’s largest chemical producers, with a strong portfolio in olefins and polymers. While not a primary OBC producer, the company’s extensive capabilities in polyolefins and elastomers position it as a significant influencer in the market, offering alternative solutions for flexibility and impact modification.

Innovation and Sustainability Initiatives:

• Development of next-generation polymer grades

• Commitment to operational efficiency and reducing carbon footprint

• Investment in recycling technologies and circular product design

---

1️⃣ 10. Avient Corporation

Headquarters: Avon Lake, Ohio, USA
Key Offering: Specialty Elastomer Compounds & Alloys

Avient is a premier provider of specialized and sustainable material solutions. The company is a key distributor and compounder of base polymers, including OBCs. Avient adds significant value by creating custom-colored, performance-enhancing compounds tailored for specific customer applications in consumer, automotive, and healthcare markets.

Innovation and Sustainability Initiatives:

• Expertise in creating sustainable solutions, including bio-based and recycled content compounds

• Strong focus on customer collaboration and application development

• Dedication to innovation through its Global Innovation Centers

Get Full Report Here:
OBC Elastomer Market – View in Detailed Research Report

---

🌍 Outlook: The Future of OBC Elastomers Is Versatile and Sustainable

The OBC elastomer market is undergoing a significant evolution. While traditional applications continue to drive volume, the industry is increasingly focused on developing high-performance, sustainable alternatives that meet the demands of a circular economy and advanced manufacturing.

📈 Key Trends Shaping the Market:

• R&D into bio-based OBC feedstocks and advanced recycling compatibility

• Growing demand from electric vehicle manufacturers for lightweight, durable components

• Expansion of high-performance OBCs in premium consumer goods and medical devices

• Strategic partnerships between material suppliers and end-users for application-specific development

Get Full Report Here:
OBC Elastomer Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials—they are at the forefront of creating the next generation of high-performance, sustainable polymers that will define modern manufacturing.