SEBS, the full name is Styrene Ethylene Butylene Styrene, which is a small class of thermoplastic elastomers TPE and belongs to the styrene based thermoplastic elastomers. SEBS is a linear triblock copolymer with polystyrene as the end segment and ethylene butene copolymer obtained by hydrogenation of polybutadiene as the intermediate elastic block. It does not contain unsaturated double bonds and therefore has good stability and aging resistance. ‌

In terms of SEBS classification, TPE thermoplastic elastomer materials with different physical properties and hardness can be prepared by blending and modifying with different materials according to specific applications and processing requirements. SEBS is widely used in soft contact materials, compatibilizers for engineering plastics, sheaths or outer skins for wires and cables, high-end adhesives, sealants, and lubricant viscosity index stabilizers. ‌

Overview of Market Development

Market situation: In recent years, the global SEBS market has continued to expand in size and is expected to maintain a steady growth trend in the coming years. According to our research data, the estimated global SEBS market size in 2024 is $1713 million, an increase of 8.75% compared to 2023. In the future, with the high growth of demand in emerging markets, especially the increasing demand for SEBS in Asian emerging markets, electronic product markets, and environmental materials markets, it will bring new growth points to the market. By 2029, the global SEBS market size is expected to increase to $2866 million. The CAGR for 2024-2029 is estimated to be 10.84%.

Trend prediction: From a technical perspective, new product development and technological innovation are important factors driving the development of the SEBS industry. In the future, high-performance, diversified applications, green production, and international cooperation will become the main development directions of the industry. ‌

Segmented market analysis

From the perspective of product types, SEBS can usually be divided into two categories based on their appearance: SEBS pellets and SEBS powder. Among them, SEBS pellets dominate the market, with an expected market share of 63.33% in 2024.

From the perspective of downstream application patterns, SEBS is widely used in various fields such as polymer modification, automotive compounds, sporting and toys, footwear, and adhesives. Among them, the polymer modification field is the largest downstream application market, with an estimated application share of 23.67% in 2024.

Source: www.globalmarketmonitor.com

Analysis of Market Competition Pattern

From the perspective of market competition pattern, in 2023, the total SEBS output value of the top 3 global enterprises was $524 million, accounting for about 50.0% of the market share, indicating a relatively moderate concentration in the market. The top three companies were Kraton Corporation, TSRC Corporation, and Kuraray Co., Ltd. In 2023, the SEBS output value of these three companies accounted for 28.09%, 9.77%, and 9.15% of the global market, respectively.

Companies	Output Value	Share
Kraton Corportion	313	28.09%
TSRC Corporation	109	9.77%
Kuraray Co.,Ltd.	102	9.15%
Top3 Companies	524	47.01%