The Global Styrene Butadiene Styrene (SBS) Market was valued at USD 3.92 Billion in 2025 and is projected to reach USD 4.71 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period (2025–2032). This growth is primarily driven by expanding infrastructure projects, rising global footwear production, and increasing demand for high-performance adhesives and polymer-modified materials across diverse industries.

As global industries seek versatile materials that balance flexibility with durability, the spotlight falls on the key polymer producers who are driving innovation and sustainability. In this blog, we profile the Top 10 Companies in the Styrene Butadiene Styrene (SBS) Industry—a mix of chemical giants, regional powerhouses, and technology innovators shaping the future of thermoplastic elastomers.

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🔟 10. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: Tuftec™ SBS polymers, specialized grades for adhesives and plastics modification

Asahi Kasei is a leading Japanese chemical company with a strong portfolio of high-performance SBS products. Their Tuftec™ brand is recognized for its excellent balance of flexibility and strength, catering to demanding applications in automotive components, footwear, and advanced adhesives. The company leverages its extensive R&D capabilities to develop customized SBS solutions for specific customer needs.

Innovation Initiatives:

• Development of high-purity SBS grades for medical and food-contact applications
• Focus on sustainable production processes and recycling technologies
• Expansion of specialty SBS grades for the Asian automotive sector

Download FREE Sample Report: Styrene Butadiene Styrene (SBS) Market – View in Detailed Research Report

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9️⃣ 9. CNPC (China National Petroleum Corporation)

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

As one of China’s largest state-owned energy and chemical enterprises, CNPC plays a significant role in the domestic SBS market. The company benefits from vertical integration, securing raw materials from its extensive petroleum operations. CNPC’s SBS production primarily serves the massive Chinese construction and footwear manufacturing sectors, with growing export activities across Asia.

Innovation Initiatives:

• Investment in large-scale SBS production facilities to meet domestic demand
• Development of asphalt modification grades for infrastructure projects
• Focus on cost-competitive production for price-sensitive markets

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8️⃣ 8. Versalis (Eni)

Headquarters: San Donato Milanese, Italy
Key Offering: Europrene® SBS, specialty grades for footwear and adhesives

Versalis, the chemical subsidiary of Italian energy major Eni, is a prominent SBS producer in the European market. The company’s Europrene® SBS products are well-established in quality-sensitive applications, particularly in the European footwear and adhesive industries. Versalis maintains a strong focus on sustainability and circular economy principles in its operations.

Innovation Initiatives:

• Development of bio-based SBS alternatives using renewable feedstocks
• Investment in chemical recycling technologies for SBS-containing products
• Partnerships with European automotive and construction industries

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7️⃣ 7. TSRC Corporation

Headquarters: Taipei, Taiwan
Key Offering: TSRC SBS polymers, customized grades for various applications

TSRC Corporation has established itself as a significant player in the global SBS market, with manufacturing facilities in Taiwan and China. The company offers a diverse range of SBS products tailored for specific applications, from asphalt modification to high-performance footwear. TSRC’s strategic location in Asia provides advantages in serving both regional and international markets.

Innovation Initiatives:

• Expansion of production capacity to meet growing Asian demand
• Development of high-flow SBS grades for injection molding applications
• Focus on technical service and customer-specific formulations

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6️⃣ 6. Dynasol Group

Headquarters: Madrid, Spain
Key Offering: Calprene® SBS, specialized grades for adhesives and plastics modification

Dynasol, a joint venture between Repsol and KUO, is a leading synthetic rubber producer with a strong presence in the SBS market. The company’s Calprene® SBS products are known for their consistent quality and performance characteristics. Dynasol serves global markets with a particular focus on Europe and the Americas, offering technical expertise and customized solutions.

Innovation Initiatives:

• Development of high-performance SBS grades for automotive applications
• Investment in sustainable production technologies and eco-friendly products
• Expansion of technical service capabilities across key markets

Download FREE Sample Report: Styrene Butadiene Styrene (SBS) Market – View in Detailed Research Report

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5️⃣ 5. LG Chem

Headquarters: Seoul, South Korea
Key Offering: LG SBS polymers, high-performance grades for diverse applications

LG Chem, one of South Korea’s largest chemical companies, maintains a significant position in the global SBS market. The company leverages its extensive petrochemical infrastructure and strong R&D capabilities to produce high-quality SBS polymers. LG Chem’s products serve various industries, including automotive, construction, and consumer goods, with a growing focus on specialty applications.

Innovation Initiatives:

• Development of advanced SBS grades for electric vehicle components
• Investment in digital manufacturing technologies for quality control
• Expansion of sustainable product portfolio including recycled-content SBS

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4️⃣ 4. SIBUR

Headquarters: Moscow, Russia
Key Offering: SBS polymers for footwear, asphalt modification, and adhesives

SIBUR is Russia’s largest petrochemical company and a major player in the SBS market, particularly in Eastern Europe and Central Asia. The company benefits from access to domestic raw materials and a strong regional market position. SIBUR’s SBS production primarily serves the construction and footwear industries within its operating regions, with selective export activities.

Innovation Initiatives:

• Modernization of production facilities to improve efficiency and quality
• Development of SBS grades suited for extreme climate conditions
• Focus on backward integration to secure competitive raw material supply

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3️⃣ 3. Sinopec (China Petroleum & Chemical Corporation)

Headquarters: Beijing, China
Key Offering: Extensive range of SBS products for construction and footwear

Sinopec stands as one of the world’s largest integrated energy and chemical companies, with massive SBS production capacity. The company dominates the Chinese market, which accounts for over 55% of global SBS consumption. Sinopec’s vertical integration provides significant advantages in raw material sourcing and cost competitiveness, enabling aggressive capacity expansion to meet domestic and export demand.

Innovation Initiatives:

• Massive capacity expansion projects adding 200,000+ tons annually
• Development of specialized SBS grades for infrastructure projects
• Investment in R&D for next-generation SBS technologies

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2️⃣ 2. Kraton Corporation

Headquarters: Houston, Texas, USA
Key Offering: Innovative SBS solutions, specialty grades for demanding applications

Kraton Corporation is a global leader in specialty polymers, with a strong portfolio of SBS products marketed under various brands. The company distinguishes itself through technological innovation and application development expertise. Kraton serves diverse markets including adhesives, footwear, automotive, and construction, with a strong presence in North America and Europe.

Innovation Initiatives:

• Pioneering work in sustainable SBS formulations and circular economy
• Development of high-performance grades for medical and packaging applications
• Strategic acquisitions to expand technology portfolio and market reach

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1️⃣ 1. LCY Chemical Corp.

Headquarters: Taipei, Taiwan
Key Offering: Comprehensive SBS portfolio, market-leading production capacity

LCY Chemical has established itself as the global market leader in SBS production, holding approximately 22% of worldwide market share. The company operates multiple production facilities across Asia and maintains a diverse product portfolio catering to various applications. LCY’s strategic focus on quality consistency, technical service, and cost efficiency has secured its dominant position in the highly competitive SBS market.

Innovation Initiatives:

• Continuous capacity expansion to maintain market leadership
• Development of customized SBS solutions for specific regional needs
• Investment in sustainable production technologies and product stewardship

Get Full Report Here: Styrene Butadiene Styrene (SBS) Market – View in Detailed Research Report

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🚀 Outlook: The Future of SBS Is Sustainable and High-Performance

The SBS market is undergoing significant transformation as sustainability concerns and performance requirements intensify across end-use industries. While traditional applications continue to drive volume growth, the industry is increasingly focused on developing eco-friendly formulations and high-value specialty grades.

📈 Key Trends Shaping the Market:

• Rapid expansion of bio-based and recycled-content SBS formulations
• Increasing application diversity in medical devices and advanced packaging
• Technological advancements in polymer modification and blending
• Growing emphasis on circular economy principles and product lifecycle management

Get Full Report Here: Styrene Butadiene Styrene (SBS) Market – View in Detailed Research Report

The companies listed above are not only supplying essential polymer materials—they’re driving the innovation and sustainability transformation of multiple global industries.