The Global Thermoplastic Polyester Elastomer (TPEE) Market was valued at USD 855.92 Million in 2023 and is projected to reach USD 1270.16 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.80% during the forecast period. This robust growth is propelled by rising demand for lightweight, high-performance materials across the automotive, consumer goods, and industrial sectors, alongside increasing adoption of TPEEs in medical devices and electrical applications due to their superior elasticity, chemical resistance, and durability.

As industries worldwide prioritize material efficiency and sustainability, TPEE emerges as a versatile solution, combining the processing ease of thermoplastics with the flexibility of rubber. In this blog, we profile the Top 10 Companies in the Thermoplastic Polyester Elastomer Industry—a group of chemical innovators and material science leaders shaping the future of advanced polymers.

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🔟 1. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Hytrel® thermoplastic polyester elastomers

DuPont is a pioneer and global leader in TPEE, with its Hytrel® product line being one of the most recognized brands in the industry. These materials are renowned for their high resilience, broad service temperature range, and excellent resistance to chemicals and fatigue, making them ideal for demanding applications in automotive, electrical, and industrial markets.

Innovation and Application Focus:

• Continuous development of high-flow and high-performance Hytrel® grades

• Focus on sustainable solutions, including bio-based and recyclable TPEE variants

• Extensive global technical support and application development centers

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9️⃣ 2. DSM Engineering Materials (Part of Covestro)

Headquarters: Heerlen, Netherlands (Operations integrated into Covestro)
Key Offering: Arnitel® thermoplastic copolyester (TPC)

Following its acquisition by Covestro, the former DSM Engineering Materials portfolio, including the renowned Arnitel® TPEE, has strengthened Covestro’s position in high-performance polymers. Arnitel® is valued for its exceptional mechanical properties, thermal stability, and processing versatility across various industries.

Innovation and Application Focus:

• Leadership in flexible and durable solutions for automotive bellows, sports shoes, and cables

• Strong R&D focus on circular economy principles and bio-based feedstocks

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Global Thermoplastic Polyester Elastomer (TPEE) Market – View in Detailed Research Report

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8️⃣ 3. Toyobo Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Pelprene® thermoplastic polyester elastomers

Toyobo is a major Japanese chemical company and a key supplier of TPEE, especially in the Asia-Pacific region. Its Pelprene® series offers excellent elasticity, weather resistance, and oil resistance, catering to the automotive, wire and cable, and industrial hose sectors.

Innovation and Application Focus:

• Development of specialty grades for extreme temperature and chemical environments

• Expansion of production capacity to meet growing global demand

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7️⃣ 4. Taiwan Chang Chun Group

Headquarters: Taipei, Taiwan
Key Offering: TPE-E (TPEE) resins

Taiwan Chang Chun Group is a significant player in the Asian TPEE market, producing a wide range of engineering plastics. The company’s TPEE products are used in applications requiring a combination of rubber-like elasticity and plastic-like processability, serving markets from automotive components to consumer goods.

Innovation and Application Focus:

• Focus on cost-competitive and high-quality TPEE grades

• Strong distribution network throughout Greater China and Southeast Asia

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6️⃣ 5. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Riteflex® thermoplastic polyester elastomers

Celanese is a global chemical and specialty materials company with a strong portfolio of engineered polymers. Its Riteflex® TPEE products are known for their high-temperature performance, toughness, and hydrolytic stability, making them suitable for under-the-hood automotive applications and industrial machinery parts.

Innovation and Application Focus:

• Expertise in compounding and tailoring TPEE properties for specific customer needs

• Commitment to sustainability through its Eco-Products portfolio

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5️⃣ 6. SK chemicals

Headquarters: Seongnam, South Korea
Key Offering: Skygreen® thermoplastic polyester elastomers

SK chemicals is a leading South Korean chemical company actively expanding its footprint in the high-performance polymers market. Its Skygreen® TPEE offers excellent mechanical strength and flexibility, targeting applications in automotive, sports equipment, and electronics.

Innovation and Application Focus:

• Significant investment in bio-based and circular polymer technologies, including chemically recycled TPEE

• Strategic focus on eco-friendly material solutions

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4️⃣ 7. LG Chem

Headquarters: Seoul, South Korea
Key Offering: Lucrene® TPEE

As one of South Korea’s largest chemical companies, LG Chem has a diverse portfolio that includes TPEE under its Lucrene® brand. The company leverages its integrated petrochemical operations to produce high-quality TPEEs for various demanding applications.

Innovation and Application Focus:

• Development of TPEE grades with enhanced UV resistance and weatherability

• Focus on the electric vehicle (EV) battery component market

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Global Thermoplastic Polyester Elastomer (TPEE) Market – View in Detailed Research Report

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3️⃣ 8. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: Specialty TPEE compounds

SABIC, a global leader in diversified chemicals, offers specialty thermoplastic elastomers, including TPEEs, as part of its extensive polymer portfolio. The company focuses on developing materials that meet stringent performance requirements for automotive, consumer, and industrial segments.

Innovation and Application Focus:

• Strong emphasis on lightweighting solutions for automotive and transportation

• Investment in advanced compounding technologies and application development

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2️⃣ 9. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: TEFLEX™ (formerly PRIMALLOY™) TPEE

Mitsubishi Chemical Group is a diversified chemical giant with a significant presence in advanced materials. Its TPEE products are engineered for high performance, offering excellent heat resistance, oil resistance, and dynamic properties for use in automotive, machinery, and electrical components.

Innovation and Application Focus:

• Development of high-heat and flame-retardant TPEE grades

• Integration of sustainability across its product lifecycle management

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1️⃣ 10. RadiciGroup

Headquarters: Bergamo, Italy
Key Offering: RADILON® TPEE

RadiciGroup is a leading international chemicals and plastics producer with a strong focus on engineering polymers. Its RADILON® TPEE range is known for its toughness, flexibility, and resistance to abrasion and chemicals, serving the automotive, electrical, and appliance industries across Europe and beyond.

Innovation and Application Focus:

• Specialization in high-performance compounds for technical applications

• Commitment to sustainable production processes and product innovation

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Global Thermoplastic Polyester Elastomer (TPEE) Market – View in Detailed Research Report

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🧪 Outlook: The Future of TPEE Is High-Performance and Sustainable

The Thermoplastic Polyester Elastomer market is experiencing a significant transformation. While traditional performance attributes continue to drive demand, the industry is increasingly focused on developing sustainable, bio-based, and recyclable TPEE solutions to meet evolving regulatory and consumer expectations.

📈 Key Trends Shaping the Market:

• Rising demand from the electric vehicle sector for lightweight, durable components

• Increased R&D investment in bio-based and chemically recycled TPEE grades

• Expansion of application scope in medical devices and consumer electronics

• Growing emphasis on circular economy principles and end-of-life solutions for polymers

Get Full Report Here:
Global Thermoplastic Polyester Elastomer (TPEE) Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials—they are pioneering the advanced polymers that enable innovation across modern industries.