Global SBS Market Growth 2025-2031
Description
The global SBS market size is predicted to grow from US$ 4307 million in 2025 to US$ 5303 million in 2031; it is expected to grow at a CAGR of 3.5% from 2025 to 2031.
Styrene-Butadiene-Styrene (SBS) is a type of thermoplastic elastomer that exhibits both rubber-like elasticity and thermoplastic properties. It is a block copolymer composed of styrene and butadiene, offering high strength, durability, and flexibility. SBS is widely used in applications requiring excellent performance under stress, including asphalt modification for paving and roofing, footwear, adhesives, and sealants. Due to its compatibility with various materials and resistance to temperature fluctuations, SBS is preferred in industries where mechanical strength and environmental resistance are critical. The material’s ability to improve the quality and longevity of infrastructure projects has made it indispensable in construction and road paving sectors.
Market Overview of SBS
The global SBS market is dominated by key players like LCY Chemical, Sinopec, and Kraton, with the top three manufacturers holding over 50% of the market share. The Asia-Pacific (APAC) region leads the global market, accounting for about 55% of the total consumption, driven by extensive infrastructure projects and high production capacities. Following APAC, the Middle East and Europe hold significant shares of over 40%. Non-oil-extended SBS is the largest product segment, representing approximately 65% of the market due to its superior properties and diverse applications. The largest end-use segment is footwear, followed by asphalt modification, highlighting the material's versatility and widespread demand across industries.
Trends in the SBS Market
The SBS market is experiencing growth driven by increasing investment in infrastructure projects and rising demand for durable, high-performance materials. Government spending on highways, expressways, and rail transit is fueling demand for SBS in asphalt modification. The standardization of the waterproofing industry is also contributing to increased SBS usage. Meanwhile, the expansion of butadiene production capacity since 2015 has ensured a stable raw material supply, reducing market monopolization and intensifying competition. SBS consumption in footwear is supported by its flexibility, durability, and cost-effectiveness compared to alternative materials. Looking ahead, innovations in SBS production, coupled with growing demand for high-performance materials in construction and footwear, are expected to sustain market growth in the coming years.
LP Information, Inc. (LPI) ' newest research report, the “SBS Industry Forecast” looks at past sales and reviews total world SBS sales in 2024, providing a comprehensive analysis by region and market sector of projected SBS sales for 2025 through 2031. With SBS sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SBS industry.
This Insight Report provides a comprehensive analysis of the global SBS landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on SBS portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SBS market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SBS and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SBS.
This report presents a comprehensive overview, market shares, and growth opportunities of SBS market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Non-oil-extended SBS
Oil-extended SBS
Segmentation by Application:
Footwear
Asphalt Modification
Polymer Modification
Adhesives
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
LCY Chemical
Kraton
Dynasol
LG Chem
Versalis
Sibur
KKPC
Asahi Kasei
TSRC
Chimei
Sinopec
CNPC
Ningbo Changhong Polymer Scientific & Technical
Key Questions Addressed in this Report
What is the 10-year outlook for the global SBS market?
What factors are driving SBS market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do SBS market opportunities vary by end market size?
How does SBS break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Styrene-Butadiene-Styrene (SBS) is a type of thermoplastic elastomer that exhibits both rubber-like elasticity and thermoplastic properties. It is a block copolymer composed of styrene and butadiene, offering high strength, durability, and flexibility. SBS is widely used in applications requiring excellent performance under stress, including asphalt modification for paving and roofing, footwear, adhesives, and sealants. Due to its compatibility with various materials and resistance to temperature fluctuations, SBS is preferred in industries where mechanical strength and environmental resistance are critical. The material’s ability to improve the quality and longevity of infrastructure projects has made it indispensable in construction and road paving sectors.
Market Overview of SBS
The global SBS market is dominated by key players like LCY Chemical, Sinopec, and Kraton, with the top three manufacturers holding over 50% of the market share. The Asia-Pacific (APAC) region leads the global market, accounting for about 55% of the total consumption, driven by extensive infrastructure projects and high production capacities. Following APAC, the Middle East and Europe hold significant shares of over 40%. Non-oil-extended SBS is the largest product segment, representing approximately 65% of the market due to its superior properties and diverse applications. The largest end-use segment is footwear, followed by asphalt modification, highlighting the material's versatility and widespread demand across industries.
Trends in the SBS Market
The SBS market is experiencing growth driven by increasing investment in infrastructure projects and rising demand for durable, high-performance materials. Government spending on highways, expressways, and rail transit is fueling demand for SBS in asphalt modification. The standardization of the waterproofing industry is also contributing to increased SBS usage. Meanwhile, the expansion of butadiene production capacity since 2015 has ensured a stable raw material supply, reducing market monopolization and intensifying competition. SBS consumption in footwear is supported by its flexibility, durability, and cost-effectiveness compared to alternative materials. Looking ahead, innovations in SBS production, coupled with growing demand for high-performance materials in construction and footwear, are expected to sustain market growth in the coming years.
LP Information, Inc. (LPI) ' newest research report, the “SBS Industry Forecast” looks at past sales and reviews total world SBS sales in 2024, providing a comprehensive analysis by region and market sector of projected SBS sales for 2025 through 2031. With SBS sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SBS industry.
This Insight Report provides a comprehensive analysis of the global SBS landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on SBS portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SBS market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SBS and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SBS.
This report presents a comprehensive overview, market shares, and growth opportunities of SBS market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Non-oil-extended SBS
Oil-extended SBS
Segmentation by Application:
Footwear
Asphalt Modification
Polymer Modification
Adhesives
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
LCY Chemical
Kraton
Dynasol
LG Chem
Versalis
Sibur
KKPC
Asahi Kasei
TSRC
Chimei
Sinopec
CNPC
Ningbo Changhong Polymer Scientific & Technical
Key Questions Addressed in this Report
What is the 10-year outlook for the global SBS market?
What factors are driving SBS market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do SBS market opportunities vary by end market size?
How does SBS break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
107 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for SBS by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for SBS by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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