스티렌 부타디엔 스티렌(SBS) 고무 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the styrene butadiene styrene rubber market size is expected to grow from USD 13.89 billion in 2025 to USD 14.37 billion in 2026 and is forecast to reach USD 17.04 billion by 2031 at 3.47% CAGR over 2026-2031.

This report is Segmented by Type (Oil-Extended and Non-Oil-Extended), Application (Footwear, Asphalt Modification, Polymer Modification/Compounding, Adhesives and Sealants, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Styrene Butadiene Styrene Rubber Market Trends and Insights

Rapid Expansion of Footwear Manufacturing Hubs

Vietnam, China, and Indonesia now form a contiguous manufacturing corridor that demands specialized SBS grades engineered for midsoles, outsoles, and cushioning inserts. High-elastic variants deliver energy return properties sought by performance footwear brands while maintaining anti-slip coefficients critical for workplace and athletic safety. Sustainability targets from global shoe brands are spurring pilot orders for bio-attributed SBS, and SCG Chemicals' USD 700 million ethane upgrade at its LSP Vietnam complex underlines the priority of monomer self-sufficiency for regional sole compounders. Clustered production also shortens lead times, enabling just-in-time inventory models that lower working capital for finished-goods assemblers.

Rising SBS-Modified Bitumen Use in Road and Roofing Projects

Government-funded highway expansions and urban roofing retrofits specify SBS-modified binders for resilience against rutting at 60°C and cracking at -20°C. Rheological testing confirms service-life extensions of up to 40% versus conventional asphalt, offsetting the higher initial polymer cost. National infrastructure plans in Saudi Arabia and India require performance-grade asphalt with polymer modification, positioning SBS at the top of bidder specifications for both new lane construction and resurfacing programs.

High Feedstock Price Volatility

The permanent shutdown of INEOS Styrolution's 430 kt styrene unit in Sarnia constrains North American monomer supply and lifts spot prices, prompting smaller SBS formulators to negotiate short-term imports or pay premiums for domestic volumes. Kraton raised global SBS list prices in April 2025 to defend margin against styrene spikes, highlighting the 31% cost-of-goods exposure to raw materials. Parallel expansions in S-SBR tire elastomers siphon butadiene from SBS producers, further tightening balances.

Other drivers and restraints analyzed in the detailed report include:

1. Accelerating Demand from Hot-Melt Adhesives and Sealants
2. Thermoplastic Elastomer Substitution for Recyclable Consumer Goods
3. Competition from Hydrogenated SEBS and Other Advanced TPEs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Oil-extended grades continued to command a 57.85% volume share in 2025, sustained by asphalt and footwear compounders who appreciate the melt-viscosity reduction that can be achieved at loadings of up to 25% process oil. This share reflects economic optimization where tensile retention above 12 MPa satisfies application thresholds, and processing windows widen for high-throughput extrusion. Non-oil-extended SBS delivers superior clarity and chemical resistance, positioning it for applications such as medical plugs, automotive vent gaskets, and electronics housings that require passing stringent VOC benchmarks. Rising demand lifts non-oil-extended consumption at a 4.05% CAGR, outpacing overall styrene butadiene styrene market growth.

Lower-viscosity oil-extended grades simplify hot-melt adhesive coating at 180 m/min for packaging lines, while non-oil-extended variants are suitable for injection-molded soft-touch grips that require dimensional stability. Bio-based process oils offer a hybrid approach that retains processing advantages while enhancing sustainability scores, potentially shifting some buyers back toward oil-plasticized offerings as commercial volumes increase.

Complete Report Scope:

• By Type
  • Oil-Extended
  • Non-Oil-Extended
• By Application
  • Footwear
  • Asphalt Modification
  • Polymer Modification / Compounding
  • Adhesives and Sealants
  • Other Applications
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Egypt
    • Rest of Middle-East and Africa

Geography Analysis

The Asia-Pacific region held 45.75% of 2025 revenue and remains the anchor for the styrene butadiene styrene market due to integrated petrochemicals in China and ASEAN manufacturing corridors. Footwear exports from Vietnam increased by 11% in 2024, directly boosting SBS sole-compound consumption. Government road programs in India and Indonesia also specify SBS-modified bitumen for climate resilience, supporting steady regional drawdown.

North America's refinery rationalization reduces domestic styrene output, and the Sarnia closure shifts the region toward import dependence for commodity SBS, even as elevated automotive and construction standards sustain demand for premium grades with low VOC signatures. Producers leverage application development services to protect their share against imported material.

Europe shows mature volume yet steady uptake for recyclable consumer goods, where SBS's thermoplastic recoverability aligns with circular-economy directives. Stringent REACH protocols are pushing formulators toward low-styrene-residual and bioattributed variants.

The Middle East and Africa's 3.75% CAGR through 2031 is driven by sovereign infrastructure megaprojects and the region's advantage in feedstock-rich petrochemical parks that can backward integrate SBS. South America relies on macroeconomic recovery; Brazil's uptick in automobile production supports adhesives and interior trim applications, despite limited local SBS resin capacity.

1. ARLANXEO
2. Asahi Kasei Corporation
3. Bridgestone
4. China National Petroleum Corporation (CNPC)
5. Dycon Chemicals
6. Dynasol Group
7. Exxon Mobil Corporation.
8. The Goodyear Tire & Rubber Company
9. JSR Corporation
10. Kraton Corporation
11. Kumho Petrochemical Co., Ltd.
12. LCY GROUP
13. LG Chem Ltd.
14. SIBUR Holding PJSC
15. Synthos
16. Trinseo
17. TSRC Corporation
18. Versalis S.p.A.
19. ZEON CORPORATION

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rapid expansion of footwear manufacturing hubs
  • 4.2.2 Rising SBS-modified bitumen use in road and roofing projects
  • 4.2.3 Accelerating demand from hot-melt adhesives and sealants
  • 4.2.4 Thermoplastic elastomer substitution for recyclable consumer goods
  • 4.2.5 3-D printing adoption for flexible and transparent parts
• 4.3 Market Restraints
  • 4.3.1 High feedstock (styrene, butadiene) price volatility
  • 4.3.2 Competition from hydrogenated SEBS and other advanced TPEs
  • 4.3.3 Tightening VOC / environmental regulations on styrenics
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size & Growth Forecasts (Value)

• 5.1 By Type
  • 5.1.1 Oil-Extended
  • 5.1.2 Non-Oil-Extended
• 5.2 By Application
  • 5.2.1 Footwear
  • 5.2.2 Asphalt Modification
  • 5.2.3 Polymer Modification / Compounding
  • 5.2.4 Adhesives and Sealants
  • 5.2.5 Other Applications
• 5.3 By 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 Russia
    • 5.3.3.6 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 United Arab Emirates
    • 5.3.5.3 South Africa
    • 5.3.5.4 Egypt
    • 5.3.5.5 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share**/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products & Services, Recent Developments)
  • 6.4.1 ARLANXEO
  • 6.4.2 Asahi Kasei Corporation
  • 6.4.3 Bridgestone
  • 6.4.4 China National Petroleum Corporation (CNPC)
  • 6.4.5 Dycon Chemicals
  • 6.4.6 Dynasol Group
  • 6.4.7 Exxon Mobil Corporation.
  • 6.4.8 The Goodyear Tire & Rubber Company
  • 6.4.9 JSR Corporation
  • 6.4.10 Kraton Corporation
  • 6.4.11 Kumho Petrochemical Co., Ltd.
  • 6.4.12 LCY GROUP
  • 6.4.13 LG Chem Ltd.
  • 6.4.14 SIBUR Holding PJSC
  • 6.4.15 Synthos
  • 6.4.16 Trinseo
  • 6.4.17 TSRC Corporation
  • 6.4.18 Versalis S.p.A.
  • 6.4.19 ZEON CORPORATION

7 Market Opportunities & Future Outlook

• 7.1 White-space and Unmet-Need Assessment