Styrene Butadiene Styrene (SBS) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The styrene butadiene styrene (SBS) market is segmented by type (oil extended and non-oil extended), application (footwear, asphalt modification, polymer modification, adhesives and sealants, and other applications), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers the market sizes and forecasts for the Styrene Butadiene Styrene (SBS) market in terms of revenue (USD million) for all the above segments.

Styrene Butadiene Styrene (SBS) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Styrene Butadiene Styrene (SBS) Market Size

Styrene Butadiene Styrene (SBS) Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Styrene Butadiene Styrene (SBS) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Styrene Butadiene Styrene (SBS) Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Styrene Butadiene Styrene (SBS) Market Analysis

The Styrene Butadiene Styrene Market is expected to register a CAGR of greater than 6% during the forecast period.

The market was negatively impacted due to the COVID-19 pandemic. Due to the outbreak of COVID-19, various end-user industries were affected in the styrene butadiene styrene (SBS) market. Currently, the market has recovered from the pandemic and is growing at a significant rate.

  • Over the short term, the rapid expansion of the footwear industry is projected to have an impact on the growth of the styrene butadiene styrene (SBS) market. In accordance with this, rising modified bitumen demand in the construction sector and increased usage of the styrene-butadiene-styrene market in the footwear industry are expected to be significant variables encouraging the expansion of the styrene-butadiene-styrene (SBS) market throughout the projected period.
  • However, factors like fluctuation in raw material prices and the high production costs are expected to be major limitations on the growth rate of the styrene butadiene styrene (SBS) market during the projected period.
  • Nevertheless, a rise in research and development expenditure and fast technological innovation are projected to provide a range of growth opportunities for the styrene butadiene styrene (SBS) market during the forecast period.
  • The Asia-Pacific region dominated the market globally, with the largest consumption coming from countries such as China and India, and this is expected to remain the same in the future.

Styrene Butadiene Styrene (SBS) Industry Overview

The global styrene butadiene styrene market is fragmented with the presence of very few large-sized players and a large number of small players operating. Some of the major companies are Kraton Corporation, China National Petroleum Corporation (CNPC), Kumho Petrochemical Co., Ltd, LCY GROUP, and LG Chem Ltd. amongst others (in no particular order).

Styrene Butadiene Styrene (SBS) Market Leaders

  1. Kraton Corporation

  2. China National Petroleum Corporation (CNPC)

  3. Kumho Petrochemical Co., Ltd

  4. LG Chem Ltd.

  5. LCY GROUP

  6. *Disclaimer: Major Players sorted in no particular order
Styrene Butadiene Styrene (SBS) Market Concentration
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Styrene Butadiene Styrene (SBS) Market News

  • March 2023: Kraton Corporation announced a major increase in the production of styrene-butadiene-styrene block copolymers (SBS) at its Belpre, Ohio facility beginning in 2024. By 2025, manufacturing capacity is predicted to expand by 24 kilotons per year.

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 Rapid Expansion of the Footwear Industry
    • 4.1.2 Rising Modified Bitumen Demand in the Construction Sector
  • 4.2 Restraints
    • 4.2.1 Fluctuation in Raw Material Prices and the High Production Costs
    • 4.2.2 Other Restraints
  • 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

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Type
    • 5.1.1 Oil Extended
    • 5.1.2 Non-Oil Extended
  • 5.2 Application
    • 5.2.1 Footwear
    • 5.2.2 Asphalt Modification
    • 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 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 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) **/Rank Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Asahi Kasei Corporation
    • 6.4.2 China National Petroleum Corporation (CNPC)
    • 6.4.3 Dycon Chemicals
    • 6.4.4 Dynasol Group
    • 6.4.5 Kraton Corporation
    • 6.4.6 Kumho Petrochemical Co., Ltd.
    • 6.4.7 LCY GROUP
    • 6.4.8 LG Chem Ltd.
    • 6.4.9 Milagro Rubber Company, Inc.
    • 6.4.10 SIBUR International GmbH
    • 6.4.11 Versalis S.p.A.
    • 6.4.12 Taiwan Synthetic Rubber Corp. (TSRC)
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Rise in Research and Development Expenditure and Fast Technological Innovation
  • 7.2 Other Opportunities
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Styrene Butadiene Styrene (SBS) Industry Segmentation

Styrene Butadiene Styrene (SBS) is created by polymerizing styrene and butadiene in an organic solvent. It is utilized as an asphalt modifier, waterproof sheet, adhesive, compounding, and plastic modifier.

The Styrene Butadiene Styrene (SBS) market is segmented by type, application, and geography. By type, the market is segmented into oil extended and non-oil extended. By application, the market is segmented into footwear, asphalt modification, polymer modification, adhesives and sealants, and other applications. The report also offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Type Oil Extended
Non-Oil Extended
Application Footwear
Asphalt Modification
Polymer Modification
Adhesives and Sealants
Other Applications
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Frequently Asked Questions

What is the current Styrene Butadiene Styrene (SBS) Market size?

The Styrene Butadiene Styrene (SBS) Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in Styrene Butadiene Styrene (SBS) Market?

Kraton Corporation, China National Petroleum Corporation (CNPC), Kumho Petrochemical Co., Ltd, LG Chem Ltd. and LCY GROUP are the major companies operating in the Styrene Butadiene Styrene (SBS) Market.

Which is the fastest growing region in Styrene Butadiene Styrene (SBS) Market?

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

Which region has the biggest share in Styrene Butadiene Styrene (SBS) Market?

In 2025, the Asia-Pacific accounts for the largest market share in Styrene Butadiene Styrene (SBS) Market.

What years does this Styrene Butadiene Styrene (SBS) Market cover?

The report covers the Styrene Butadiene Styrene (SBS) Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Styrene Butadiene Styrene (SBS) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Styrene Butadiene Styrene (SBS) Industry Report

Statistics for the 2025 Styrene Butadiene Styrene (SBS) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Styrene Butadiene Styrene (SBS) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.