Styrenic Block Copolymers Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Styrenic Block Copolymers (SBCs) Market Report is Segmented by Type (Styrene-Butadiene-Styrene (SBS), Styrene-Isoprene-Styrene (SIS), and Hydrogenated SBC (HSBC)), Application (Asphalt Modification, Footwear, Polymer Modification, Adhesives and Sealants, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Size and Forecasts for the Styrenic Block Copolymers (SBCs) Market are Provided in Terms of Volume (tons) for all the Above Segments.

Styrenic Block Copolymers (SBCs) Market Size

Styrenic Block Copolymers  - Market Summary

Styrenic Block Copolymers (SBCs) Market Analysis

The Styrenic Block Copolymers Market size in terms of production volume is expected to grow from 3.00 million tonnes in 2025 to 3.64 million tonnes by 2030, at a CAGR of 3.92% during the forecast period (2025-2030).

The global styrenic block copolymers industry is experiencing significant transformation driven by evolving manufacturing capabilities and technological advancements. Major manufacturers are actively expanding their production capacities to meet growing demand, as evidenced by Hainan Baling Chemical New Material's launch of the world's largest SBC plant in April 2023, capable of producing 170,000 tons of SBS and SEBS products annually. The SBC industry is also witnessing strategic capacity expansions, such as Kraton Corporation's announcement in March 2023 to increase its SBS production capability by 24 kilotons at its Ohio facility by 2025. These developments reflect the industry's response to growing market demands and technological evolution.


The adhesives and sealants sector is emerging as a significant growth avenue for SBC manufacturers, driven by increasing industrial applications and technological innovations. According to the Chemistry Industry Association of Canada, the paints, coatings, and adhesives industry demonstrated robust growth with shipments reaching USD 4,068 million in 2022. This growth trajectory is further supported by strategic investments, as exemplified by Henkel's announcement in June 2023 to establish a new Adhesive Technologies manufacturing facility in China's Yantai Chemical Industry Park, representing an investment of approximately EUR 120 million.


The footwear industry continues to be a major consumer of SBCs, particularly in Asia-Pacific. According to World Footwear, global footwear production reached 23.9 billion pairs in 2022, with Asia accounting for over 87% of global production. This dominance in production is complemented by technological advancements in SBC applications for footwear, leading to improved product performance and durability. The United States, another significant market, maintains steady production levels at approximately 25 million pairs annually, indicating stable demand in mature markets.


The industry is witnessing a notable shift towards sustainable and eco-friendly solutions, with manufacturers investing in research and development of bio-based alternatives. Companies are increasingly focusing on developing SBC grades that offer improved environmental performance while maintaining superior mechanical properties. This trend is particularly evident in the packaging and medical device sectors, where demand for sustainable materials is growing. Manufacturers are also exploring new applications in emerging sectors such as electric vehicles and renewable energy, expanding the potential market opportunities for SBC products. The integration of thermoplastic elastomers and synthetic rubber into these applications highlights the versatility and adaptability of specialty polymers and polymer compounds in meeting diverse industrial needs.

Segment Analysis: Type

Styrene-Butadiene-Styrene (SBS) Segment in Styrenic Block Copolymers Market

The Styrene-Butadiene-Styrene (SBS) segment dominates the global styrenic thermoplastic elastomers market, holding approximately 72% of the market share in 2024. SBS copolymers have gained significant traction due to their unique properties derived from both polystyrene and butadiene components, making them ideal for various applications. The segment's dominance is primarily driven by its extensive use in asphalt modification for road construction and roofing applications, where it enhances durability and performance characteristics. In the footwear industry, SBS copolymer has established itself as a preferred material due to its excellent elasticity and processing capabilities. The segment has also witnessed substantial growth in adhesive applications, particularly in pressure-sensitive adhesives and hot-melt applications. Major manufacturers like Sinopec and Kraton Corporation have been expanding their SBS production capacities to meet the growing demand, with Sinopec's Hainan Baling project adding 120,000 tons of SBS production capacity in 2023.

Market Analysis of Styrenic Block Copolymers (SBCs) Market: Chart for Type

Hydrogenated SBC (HSBC) Segment in Styrenic Block Copolymers Market

The Hydrogenated SBC (HSBC) segment is emerging as the fastest-growing segment in the styrenic block copolymers market, projected to grow at approximately 4% from 2024 to 2029. This growth is primarily attributed to the increasing demand for high-performance materials in medical devices, automotive components, and consumer goods applications. HSBC products, particularly SEBS (Styrene-Ethylene-Butylene-Styrene), are gaining popularity due to their superior thermal stability, UV resistance, and weathering properties compared to conventional SBCs. The segment's growth is further supported by innovations in product formulations and expanding applications in high-end markets. Manufacturers are investing in research and development to develop new grades of HSBC that offer improved performance characteristics. The segment is also benefiting from the growing trend toward sustainable and long-lasting materials in various end-use industries, particularly in medical equipment, wire and cable applications, and high-grade elastomeric copolymer.

Remaining Segments in Styrenic Block Copolymers Market

The Styrene-Isoprene-Styrene (SIS) segment represents a significant portion of the styrenic block copolymers market, offering unique properties that make it particularly valuable in specific applications. SIS copolymers are known for their excellent compatibility with tackifiers and their stability compared to other types of SBCs. These characteristics make them especially suitable for adhesive applications, particularly in the production of pressure-sensitive adhesives and hot-melt adhesives. The segment has established a strong presence in the personal hygiene products sector, where its properties are utilized in elastic films and adhesive applications. Manufacturers continue to develop specialized SIS grades to meet evolving market requirements, particularly in packaging and medical applications where high performance and reliability are crucial.

Segment Analysis: Application

Asphalt Modification Segment in Styrenic Block Copolymers Market

The asphalt modification segment dominates the global styrenic block copolymers (SBCs) market, commanding approximately 36% of the total market share in 2024. This segment's prominence is primarily driven by the extensive use of SBCs in road construction and roofing applications, where they significantly enhance the performance characteristics of asphalt. The segment's leadership position is reinforced by major infrastructure development initiatives worldwide, particularly in emerging economies. In the United States, the Federal Highway Administration's allocation of USD 59.9 billion for fiscal 2023 to support investments in critical infrastructure has created substantial demand. Similarly, China's nationwide fixed-asset investment in the transportation sector, reaching CNY 3.8 trillion in 2022, continues to drive segment growth. The segment is also experiencing the highest growth rate of around 4% for the forecast period 2024-2029, driven by increasing urbanization and the need for durable road infrastructure.

Remaining Segments in SBC Market Applications

The remaining segments in the SBC market include footwear, polymer modification, adhesives and sealants, and other applications such as medical devices and wire cables. The footwear segment represents the second-largest application, benefiting from the growing demand in sports and casual footwear sectors, particularly in Asia-Pacific regions. Polymer modification applications are crucial in packaging and consumer goods industries, while the adhesives and sealants segment continues to grow due to increasing demand from construction and automotive sectors. The other applications segment, including medical devices and wire cables, though smaller in market share, plays a vital role in specialized applications requiring specific material properties. These segments collectively contribute to the market's diversity and stability, each serving distinct industrial needs and end-user requirements.

Styrenic Block Copolymers (SBCs) Market Geography Segment Analysis

Styrenic Block Copolymers Market in Asia Pacific

The Asia Pacific region represents the dominant market for styrenic block copolymers, driven by rapid industrialization and infrastructure development across major economies. Countries like China, India, Japan, and South Korea are witnessing increased demand from applications such as asphalt modification, footwear manufacturing, and adhesives production. The region's growth is supported by expanding construction activities, particularly in road infrastructure projects, along with rising adoption in the footwear industry. ASEAN countries are also emerging as significant markets, with increasing investments in infrastructure development and growing manufacturing sectors.

Market Analysis of Styrenic Block Copolymers (SBCs) Market: Forecasted Growth Rate by Region

Styrenic Block Copolymers Market in China

China dominates the Asia Pacific styrenic block copolymers market, holding approximately 77% share of the regional market. The country's market is primarily driven by extensive infrastructure development projects, particularly in road construction and maintenance. China's commitment to improving its transportation network is evident through various ongoing highway projects and urban infrastructure developments. The country's footwear industry, being the world's largest producer and exporter, significantly contributes to market growth. Additionally, China's packaging industry has shown remarkable growth, with increasing demand for innovative packaging solutions driving the consumption of SBCs in polymer modification applications.

Styrenic Block Copolymers Market in India

India emerges as the fastest-growing market in the Asia Pacific region, with a projected growth rate of approximately 5% during 2024-2029. The country's market is experiencing rapid expansion driven by increasing infrastructure development activities, particularly in road construction and maintenance. The government's focus on improving transportation infrastructure through various initiatives and increased budget allocation for road development projects is boosting market growth. India's growing footwear sector, being the second-largest producer globally, coupled with the expanding packaging industry, is creating substantial opportunities for SBC applications. The country's commitment to developing its manufacturing capabilities and increasing focus on sustainable solutions is expected to further drive market growth.

Styrenic Block Copolymers Market in North America

The North American styrenic block copolymers market demonstrates strong growth potential, supported by advanced infrastructure development and technological innovations across the United States, Canada, and Mexico. The region's market is characterized by significant investments in road infrastructure maintenance and development, coupled with growing demand from the adhesives and packaging industries. The presence of major market players and their focus on research and development activities further strengthens the market position. The region's robust manufacturing sector and increasing adoption of sustainable materials contribute to market expansion.

Styrenic Block Copolymers Market in United States

The United States leads the North American market, commanding approximately 81% of the regional market share. The country's market is driven by extensive infrastructure rehabilitation projects and increasing investments in road construction and maintenance. The presence of a well-established packaging industry and growing demand for hot-melt adhesives further supports market growth. The country's focus on developing sustainable infrastructure solutions and increasing adoption of modified asphalt for road construction continues to drive market expansion.

Styrenic Block Copolymers Market in Mexico

Mexico represents the fastest-growing market in North America, with an expected growth rate of approximately 3% during 2024-2029. The country's market growth is primarily driven by increasing infrastructure development activities and growing investments in road construction projects. Mexico's expanding manufacturing sector, particularly in the footwear and packaging industries, contributes significantly to market growth. The country's strategic location and increasing focus on improving its transportation infrastructure create substantial opportunities for market expansion.

Styrenic Block Copolymers Market in Europe

The European styrenic block copolymers market demonstrates steady growth, supported by advanced infrastructure development and technological innovations across Germany, the United Kingdom, France, and Italy. The region's market is characterized by significant investments in sustainable infrastructure solutions and growing demand from various end-use industries. The presence of stringent regulations promoting sustainable materials and increasing focus on road infrastructure maintenance contributes to market growth.

Styrenic Block Copolymers Market in Germany

Germany maintains its position as the largest market for styrenic block copolymers in Europe, driven by its robust manufacturing sector and extensive infrastructure development activities. The country's strong presence in the automotive and construction industries, coupled with increasing investments in road infrastructure projects, supports market growth. Germany's focus on developing innovative solutions and sustainable materials further strengthens its market position.

Styrenic Block Copolymers Market in France

France emerges as the fastest-growing market in Europe, driven by increasing investments in infrastructure development and growing demand from various end-use industries. The country's focus on modernizing its transportation infrastructure and expanding its construction sector creates substantial opportunities for market growth. France's strong presence in the packaging and adhesives industries, coupled with increasing adoption of modified asphalt for road construction, supports market expansion.

Styrenic Block Copolymers Market in South America

The South American styrenic block copolymers market shows promising growth potential, with Brazil and Argentina leading the regional market development. Brazil emerges as both the largest and fastest-growing market in the region, driven by extensive infrastructure development projects and growing demand from the footwear and packaging industries. The region's focus on improving road infrastructure and increasing investments in construction activities supports market growth. The presence of established manufacturing sectors and growing adoption of modified asphalt for road construction contributes to market expansion.

Styrenic Block Copolymers Market in Middle East & Africa

The Middle East & Africa styrenic block copolymers market demonstrates significant growth potential, with Saudi Arabia and South Africa emerging as key markets in the region. Saudi Arabia leads the regional market, while also showing the fastest growth rate, driven by extensive infrastructure development projects and increasing investments in road construction activities. The region's focus on developing modern infrastructure and growing investments in construction activities supports market growth. The presence of expanding manufacturing sectors and increasing adoption of modified asphalt for road construction contributes to market development.

Styrenic Block Copolymers (SBCs) Industry Overview

Top Companies in Styrenic Block Copolymers Market

The global styrenic block copolymers (SBC) market is characterized by continuous product innovation focused on developing sustainable and high-performance materials. Leading companies are investing heavily in research and development to create novel SBC formulations with enhanced properties for specific end-use applications like footwear, adhesives, and asphalt modification. Operational excellence is being achieved through strategic manufacturing facility expansions, particularly in high-growth regions like Asia-Pacific. Companies are strengthening their distribution networks and technical service capabilities to better serve customers globally. Strategic partnerships and joint ventures, especially in emerging markets, are becoming increasingly common to expand market presence. The industry is also witnessing a shift towards environmentally friendly products, with manufacturers developing bio-based alternatives and focusing on circular economy initiatives.

Consolidated Market with Strong Regional Players

The styrenic block copolymers market exhibits a consolidated structure dominated by large petrochemical conglomerates and specialized chemical manufacturers. Global players like China Petrochemical Corporation (SINOPEC) and Dynasol Group maintain significant market shares through their extensive production capabilities and established distribution networks. These companies leverage their vertical integration advantages and economies of scale to maintain competitive positions. Regional players, particularly in Asia-Pacific, are gaining prominence through focused market strategies and local manufacturing presence. The market has witnessed several strategic acquisitions and joint ventures aimed at technology acquisition and geographical expansion.


The competitive dynamics are shaped by the presence of both diversified chemical companies and specialized SBC manufacturers. Major players are strengthening their positions through backward integration into raw material production and forward integration into application development. The industry has seen notable consolidation through mergers and acquisitions, such as DL Chemical's acquisition of Kraton Corporation, which has reshaped the competitive landscape. Companies are increasingly focusing on developing application-specific grades and providing technical support services to differentiate themselves in the market. The SBC sector is also influenced by trends in the synthetic rubber sector, where innovation and sustainability are key drivers.

Innovation and Sustainability Drive Future Growth

Success in the styrenic block copolymers market increasingly depends on developing innovative products that meet evolving customer requirements while addressing sustainability concerns. Companies need to invest in advanced research and development capabilities to create differentiated products with improved performance characteristics. Building strong relationships with key end-users through technical collaboration and customized solutions is becoming crucial. Manufacturers must also focus on optimizing their production processes and supply chains to maintain cost competitiveness while meeting stringent quality and environmental standards. The ability to provide comprehensive technical support and application development assistance will be critical for maintaining market position.


For new entrants and smaller players, success lies in identifying and serving niche market segments with specialized products and applications. Companies must carefully evaluate regulatory requirements across different regions and invest in compliance measures. The development of sustainable products, including bio-based alternatives and recyclable formulations, will become increasingly important for long-term success. Building strong distribution networks and establishing strategic partnerships with local players in key markets will be essential for growth. Companies also need to focus on digital transformation initiatives to improve operational efficiency and customer service capabilities while maintaining flexibility to respond to changing market conditions. The specialty polymers sector and thermoplastic elastomers sector provide opportunities for innovation and growth in the SBC sector.

Styrenic Block Copolymers (SBCs) Market Leaders

  1. LCY GROUP

  2. KRATON CORPORATION

  3. China Petrochemical Corporation (SINOPEC)

  4. TSRC Corporation

  5. Dynasol Group

  6. *Disclaimer: Major Players sorted in no particular order
Styrenic Block Copolymers (SBCs) Market Concentration
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Styrenic Block Copolymers (SBCs) Market News

  • March 2022: DL Chemical Co. Ltd acquired Kraton Corporation for approximately USD 2.5 billion. The merger enables Kraton to strengthen its global presence by leveraging DL Chemical's manufacturing capabilities and footprint in the Asian market, along with its financial strength. This allows Kraton to further invest in industry-leading sustainable innovation.
  • March 2022: Kraton Corporation announced its collaboration with SABIC to produce ISCC PLUS-certified renewable styrenic block copolymers (SBC) at Kraton’s manufacturing facility in Berre, France.

Styrenic Block Copolymers Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Application in Bitumen Modification
    • 4.1.2 Rising Adoption in the Footwear Industry
  • 4.2 Restraints
    • 4.2.1 Growing Focus on Asphalt-free Construction of Roads and Roofing
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition
  • 4.5 Price Overview (2019-2029)

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Type
    • 5.1.1 Styrene-Butadiene-Styrene (SBS)
    • 5.1.2 Styrene-Isoprene-Styrene (SIS)
    • 5.1.3 Hydrogenated SBC (HSBC)
  • 5.2 Application
    • 5.2.1 Asphalt Modification (Paving and Roofing)
    • 5.2.2 Footwear
    • 5.2.3 Polymer Modification
    • 5.2.4 Adhesives and Sealants
    • 5.2.5 Other Applications
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Malaysia
    • 5.3.1.6 Thailand
    • 5.3.1.7 Indonesia
    • 5.3.1.8 Vietnam
    • 5.3.1.9 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Russia
    • 5.3.3.6 Spain
    • 5.3.3.7 Turkey
    • 5.3.3.8 Nordic Countries
    • 5.3.3.9 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Qatar
    • 5.3.5.4 Egypt
    • 5.3.5.5 Nigeria
    • 5.3.5.6 South Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Avient Corporation
    • 6.4.2 China Petrochemical Corporation (Sinopec)
    • 6.4.3 Grupo Dynasol
    • 6.4.4 INEOS
    • 6.4.5 Kraton Corporation
    • 6.4.6 Kuraray Co. Ltd
    • 6.4.7 LCY Group
    • 6.4.8 LG Chem
    • 6.4.9 TSRC
    • 6.4.10 Versalis SPA
    • 6.4.11 Zeon Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growth Opportunities in Hot-melt Adhesives
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Styrenic Block Copolymers (SBCs) Industry Segmentation

Styrenic block copolymers (SBCs) are a class of thermoplastic elastomers that process like plastic and behave like rubber, mainly due to the physical crosslink inherent in the SBC structure. When the SBC material is stretched, those crosslinks bring it back to its original shape. SBCs can be made from raw materials such as butadiene, styrene, and isoprene. They have a two-phase structure composed of hard polystyrene end blocks and soft rubber mid-locks. SBCs are used in asphalt modification, rigid thermoplastic impact modification, and production of soft plastic elastomer.

The styrenic block copolymers market is segmented by type, application, and geography. By type, the market is segmented into styrene-butadiene-styrene (SBS), styrene-isoprene-styrene (SIS), and hydrogenated SBC (HSBC). By application, the market is segmented into asphalt modification, footwear, polymer modification, adhesives and sealants, and other applications. The report also covers the market size and forecasts for the styrenic block copolymers (SBCs) market in 27 countries across major regions. For each segment, the market sizing and forecasts are done on the basis of volume (tons).

Type Styrene-Butadiene-Styrene (SBS)
Styrene-Isoprene-Styrene (SIS)
Hydrogenated SBC (HSBC)
Application Asphalt Modification (Paving and Roofing)
Footwear
Polymer Modification
Adhesives and Sealants
Other Applications
Geography Asia-Pacific China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Russia
Spain
Turkey
Nordic Countries
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
United Arab Emirates
Qatar
Egypt
Nigeria
South Africa
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Styrenic Block Copolymers Market Research FAQs

How big is the Styrenic Block Copolymers Market?

The Styrenic Block Copolymers Market size is expected to reach 3.00 million tonnes in 2025 and grow at a CAGR of 3.92% to reach 3.64 million tonnes by 2030.

What is the current Styrenic Block Copolymers Market size?

In 2025, the Styrenic Block Copolymers Market size is expected to reach 3.00 million tonnes.

Who are the key players in Styrenic Block Copolymers Market?

LCY GROUP, KRATON CORPORATION, China Petrochemical Corporation (SINOPEC), TSRC Corporation and Dynasol Group are the major companies operating in the Styrenic Block Copolymers Market.

Which is the fastest growing region in Styrenic Block Copolymers Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Styrenic Block Copolymers Market?

In 2025, the Asia Pacific accounts for the largest market share in Styrenic Block Copolymers Market.

What years does this Styrenic Block Copolymers Market cover, and what was the market size in 2024?

In 2024, the Styrenic Block Copolymers Market size was estimated at 2.88 million tonnes. The report covers the Styrenic Block Copolymers Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Styrenic Block Copolymers Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Styrenic Block Copolymers (SBCs) Market Research

Mordor Intelligence provides a comprehensive analysis of the styrenic block copolymers market. We leverage extensive expertise in the thermoplastic elastomers and synthetic rubber industries. Our detailed coverage spans the entire value chain, from SBC vendors to end-users. This includes an in-depth analysis of polymer compounds and engineering polymers. The report examines key developments in block copolymers and styrenic polymer technologies. We focus particularly on thermoplastic rubber applications and emerging trends in specialty polymers.

Stakeholders across the SBC industry benefit from our thorough examination of adhesives polymer applications and elastomeric copolymer developments. The analysis covers crucial segments, including the SBS copolymer and SIS copolymer markets. It also provides valuable insights into the broader thermoplastic elastomers industry landscape. Our research is available in an easy-to-download report PDF format. It features comprehensive data on polymer compounds and detailed forecasts for the TPE market. The report delivers actionable intelligence for decision-makers in the synthetic rubber industry, supporting strategic planning and market positioning initiatives.

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Styrenic Block Copolymers Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)