Ultrasoft Thermoplastic Elastomer

Ultrasoft Thermoplastic Elastomer Market Outlook

The global market for Ultrasoft Thermoplastic Elastomers (TPE) is anticipated to reach approximately USD 12 billion by 2035, expanding at a compound annual growth rate (CAGR) of around 6% during the forecast period from 2025 to 2035. This growth trajectory can be attributed to the increasing demand for versatile and high-performance materials across various industries, particularly automotive and consumer goods. The ongoing advancements in polymer technology further enhance the functional attributes of ultrasoft TPEs, making them suitable for a wide range of applications, from medical devices to footwear. Additionally, environmental concerns and a shift towards sustainable materials are driving the development of bio-based and recyclable TPE solutions, thereby broadening market appeal. As industries continue to evolve, the adoption of ultrasoft thermoplastic elastomers will likely see a notable uptick, enhancing product performance while addressing sustainability challenges.

Growth Factor of the Market

One of the primary growth factors propelling the Ultrasoft Thermoplastic Elastomer market is the rising adoption of these materials in the automotive sector, where lightweight yet durable components are essential for improving fuel efficiency and reducing emissions. The increasing demand for electric vehicles (EVs) also plays a crucial role, as manufacturers seek innovative materials that can meet the unique requirements of EV designs, including flexibility and resilience. Furthermore, the footwear industry is witnessing a significant transformation, with brands increasingly opting for ultrasoft TPEs due to their comfort and performance characteristics, catering to the growing consumer preference for high-quality athletic and casual footwear. Another factor contributing to market growth is the expanded application of TPEs in the medical field, where their biocompatibility and ease of processing make them ideal for manufacturing medical devices and personal protective equipment. The global trend towards sustainability is also fostering the development of bio-based thermoplastic elastomers, aligning with the increasing regulatory pressures for eco-friendly materials across industries.

Key Highlights of the Market

• Expected market value of USD 12 billion by 2035.
• CAGR of approximately 6% from 2025 to 2035.
• Significant adoption in the automotive and footwear industries.
• Growing demand for bio-based thermoplastic elastomers.
• Applications expanding to medical devices and personal protective equipment.

By Product Type

Thermoplastic Polyurethane:

Thermoplastic Polyurethane (TPU) is one of the most versatile types of ultrasoft thermoplastic elastomers, known for its excellent abrasion resistance, flexibility, and elasticity. The material is often utilized in applications requiring durable and high-performance components, making it ideal for automotive interiors and footwear. TPU can be processed through various methods, including injection molding and extrusion, allowing manufacturers to create complex shapes and designs. Its inherent properties facilitate the production of lightweight parts that can withstand wear and tear, which is key in automotive applications where durability is paramount. The growing trend towards sustainable materials has also led to increased interest in bio-based TPU formulations, further enhancing the market's attractiveness.

Styrenic Block Copolymers:

Styrenic Block Copolymers (SBCs) represent another significant segment within the ultrasoft thermoplastic elastomer market, known for their excellent processability and superior elasticity. These polymers feature a unique structure that combines polystyrene with elastomeric mid-blocks, providing a soft and flexible material suitable for a wide range of applications. SBCs are particularly popular in the production of adhesives, sealants, and coatings, where their versatility and performance are highly valued. The automotive sector also benefits from SBCs, as they are utilized in various interior components that require a soft touch and durability. The growth of the SBC market is driven by the increasing demand for high-performance materials that can reduce weight while maintaining quality and functionality.

Polyolefin Blends:

Polyolefin Blends, which typically comprise combinations of polyethylene and polypropylene, are gaining traction in the ultrasoft thermoplastic elastomer market due to their cost-effectiveness and ease of processing. These materials offer a balance of softness and strength, making them suitable for applications in packaging, automotive, and consumer goods. Their inherent resistance to chemicals and moisture further enhances their appeal, especially in industries where hygiene and durability are crucial. As manufacturers continue to seek materials that provide a competitive edge in terms of performance and price, polyolefin blends are expected to see increased adoption across various end-use segments.

Thermoplastic Vulcanizates:

Thermoplastic Vulcanizates (TPVs) are notable for their unique blend of thermoplastic and elastomeric properties, offering significant advantages in terms of flexibility and thermal resistance. They are widely used in automotive applications, including weather seals and gaskets, where their ability to withstand extreme temperatures and environmental conditions is critical. TPVs are also favored in consumer goods and industrial applications due to their excellent mechanical performance and processing capabilities. The growing emphasis on lightweight materials in automotive manufacturing is expected to drive demand for TPVs, particularly as vehicle manufacturers strive to enhance fuel efficiency while maintaining performance standards.

Thermoplastic Polyester Elastomers:

Thermoplastic Polyester Elastomers (TPEs) are characterized by their superior chemical resistance, heat stability, and mechanical strength, making them suitable for demanding applications. Their versatility allows for use in various industries, including medical, automotive, and consumer goods. In the medical field, TPEs are often selected for their biocompatibility and ease of sterilization, making them ideal for medical devices and tubing. In automotive applications, TPEs are utilized for their ability to provide soft-touch surfaces while maintaining structural integrity. As industries continue to innovate and explore new applications for elastomers, the demand for thermoplastic polyester elastomers is anticipated to grow, driven by advancements in material science and technology.

By Application

Automotive:

The automotive segment is one of the largest consumers of ultrasoft thermoplastic elastomers, leveraging their lightweight and durable characteristics to enhance vehicle performance and efficiency. Manufacturers are increasingly incorporating TPEs into various components such as interior trims, seals, and gaskets, where flexibility and resilience are essential. As the automotive industry shifts towards electric vehicles, the demand for high-performance materials that can withstand different operating conditions is on the rise. TPEs not only contribute to weight reduction but also provide enhanced aesthetics and comfort, making them an ideal choice for modern vehicle designs.

Footwear:

The footwear industry has seen a remarkable transformation with the integration of ultrasoft thermoplastic elastomers, which provide unparalleled comfort and flexibility in shoe design. Brands are increasingly utilizing TPEs in various shoe components, including midsoles and outsoles, to enhance cushioning and support. Additionally, the lightweight nature of TPEs contributes to improved performance for athletic footwear, where agility and comfort are paramount. The growing trend towards athleisure and sportswear has further fueled demand for innovative materials that can deliver both style and functionality, making ultrasoft TPEs a critical component in modern footwear.

Medical:

In the medical sector, ultrasoft thermoplastic elastomers are gaining traction due to their biocompatibility and versatility in manufacturing medical devices. TPEs are widely used in applications such as catheters, tubing, and personal protective equipment, where flexibility and durability are crucial. The ongoing advancements in healthcare technology and the increasing demand for high-quality medical products are driving growth in this segment. Additionally, the emphasis on hygiene and safety in medical applications is fostering the adoption of TPEs, which can be easily sterilized and are resistant to chemical exposure, ensuring the reliability of medical devices.

Industrial:

In industrial applications, ultrasoft thermoplastic elastomers are valued for their ability to withstand challenging environments while maintaining flexibility and performance. They are commonly used in the production of seals, gaskets, and hoses, where durability and resistance to chemicals and extreme temperatures are essential. The industrial sector is increasingly focusing on reducing operational costs and improving product efficiency, leading to higher adoption rates of TPEs that can enhance the longevity and performance of machinery and equipment. As industries continue to evolve and seek innovative solutions, the demand for ultrasoft TPEs in industrial applications is expected to grow.

Consumer Goods:

The consumer goods segment is witnessing a growing demand for ultrasoft thermoplastic elastomers due to their versatility and aesthetic appeal. TPEs are often utilized in the production of household items, toys, and personal care products, where softness and comfort are essential for consumer satisfaction. The ability of TPEs to be easily molded into various shapes and colors allows manufacturers to create attractive and functional products that cater to diverse consumer preferences. As trends in consumer behavior shift towards sustainable and high-quality goods, the demand for TPEs in this segment will likely see a steady increase, supported by innovation and design advancements.

By Distribution Channel

Direct Sales:

Direct sales channels play a pivotal role in the distribution of ultrasoft thermoplastic elastomers, allowing manufacturers to engage directly with customers and provide tailored solutions to meet specific requirements. This approach enhances customer relationships and offers a deeper understanding of market needs, leading to the development of customized products. Direct sales enable manufacturers to maintain control over their supply chain, ensuring timely delivery and quality assurance. Furthermore, as industries increasingly seek specialized elastomer solutions, direct sales channels are expected to gain prominence, empowering manufacturers to innovate and respond swiftly to market demands.

Indirect Sales:

Indirect sales channels encompass a wide range of distribution mechanisms, including distributors, wholesalers, and retailers, which provide essential connectivity between manufacturers and end-users. The indirect sales approach enables wider market reach, allowing manufacturers to tap into diverse customer segments and geographical locations. This distribution model is particularly advantageous for companies aiming to penetrate new markets quickly and efficiently. As the demand for ultrasoft thermoplastic elastomers continues to grow across various applications, indirect sales channels are likely to expand, facilitating easier access to TPE products and enhancing overall market growth.

By Ingredient Type

Polypropylene:

Polypropylene is one of the most widely used ingredient types in the formulation of ultrasoft thermoplastic elastomers, owing to its excellent mechanical properties and flexibility. This material is known for its lightweight nature and resistance to chemicals, making it suitable for a variety of applications, including automotive interiors and consumer goods. The adaptability of polypropylene allows for its incorporation into a range of TPE formulations, enhancing overall performance while providing cost-effective solutions for manufacturers. As industries focus on innovation and sustainability, the demand for polypropylene-based TPEs is anticipated to grow.

Polyethylene:

Polyethylene is another key ingredient in the production of ultrasoft thermoplastic elastomers, valued for its durability and resistance to moisture. Its versatile nature allows it to be used in various applications, from packaging to automotive components, where its ability to maintain integrity under stress is crucial. The compatibility of polyethylene with other materials further enhances its use in TPE formulations, enabling the development of products that meet specific performance requirements. The growing emphasis on lightweight and efficient materials in manufacturing is expected to drive the demand for polyethylene-based TPEs in multiple sectors.

Polystyrene:

Polystyrene plays a significant role in the formulation of ultrasoft thermoplastic elastomers, particularly in styrenic block copolymers. Its rigidity and strength, combined with the elastomeric properties of its mid-blocks, create a well-balanced material that offers both flexibility and durability. Polystyrene-based TPEs are widely utilized in various applications, including adhesives and sealants, where their performance is critical. As industries continue to seek advanced materials that can deliver superior results, the demand for polystyrene in TPE formulations is projected to increase, supported by ongoing advancements in polymer technology.

Polyvinyl Chloride:

Polyvinyl Chloride (PVC) is increasingly being integrated into ultrasoft thermoplastic elastomers due to its robust physical properties and cost-effectiveness. The addition of PVC enhances the performance characteristics of TPEs, making them suitable for applications requiring durability, chemical resistance, and versatility. PVC-based TPEs are commonly used in consumer products, automotive parts, and construction materials, where their ability to withstand varied environmental conditions is advantageous. As manufacturers strive to meet safety and performance standards, the demand for PVC in TPE formulations is expected to continue to grow.

Polyethylene Terephthalate:

Polyethylene Terephthalate (PET) is increasingly being recognized in the formulation of ultrasoft thermoplastic elastomers for its excellent mechanical properties and recyclability. PET-based TPEs are gaining traction in applications that require a combination of flexibility and strength, such as automotive interiors and consumer goods. The growing trend towards sustainability is driving the demand for PET in TPE formulations, as manufacturers look for materials that align with eco-friendly practices. The ability of PET to be processed and molded into complex forms further enhances its appeal, supporting its application in diverse industries.

By Region

The regional analysis of the Ultrasoft Thermoplastic Elastomer market indicates that North America holds a significant share, driven by advancements in automotive technology and the growing demand for high-performance materials. The region is expected to witness a steady CAGR of approximately 5% due to the increasing adoption of electric vehicles and innovations in manufacturing processes. Major players in the North American market are actively investing in research and development to create advanced TPE formulations that meet specific industry needs. Additionally, the presence of established automotive and consumer goods manufacturers contributes to the robust growth of the TPE market in this region.

In Europe, the Ultrasoft Thermoplastic Elastomer market is also poised for substantial growth, propelled by the increasing emphasis on sustainability and eco-friendly materials. The region is expected to reach a market value of around USD 4 billion by 2035, with a projected CAGR of 6.5% during the forecast period. Countries such as Germany and France are leading the way in adopting innovative materials in various sectors, including automotive and medical. The growing regulatory pressures for sustainable practices are further driving the demand for bio-based TPE solutions, positioning Europe as a key player in the global TPE market.

Opportunities

The Ultrasoft Thermoplastic Elastomer market presents numerous opportunities for growth, particularly in the realm of sustainability and innovation. As industries globally strive to adopt more environmentally friendly practices, the demand for bio-based and recyclable thermoplastic elastomers is on the rise. Manufacturers who invest in developing sustainable formulations stand to gain a competitive edge by catering to eco-conscious consumers and businesses. Furthermore, advancements in material technology are enabling the creation of TPEs with enhanced performance characteristics, opening doors to new applications in sectors such as medical devices and electric vehicles. This trend not only aligns with the global push towards sustainability but also reflects a significant opportunity for growth and innovation in the TPE market.

Additionally, the expanding applications of ultrasoft thermoplastic elastomers in emerging markets offer substantial growth potential. Regions such as Asia Pacific are witnessing rapid industrialization and urbanization, leading to increased demand for high-performance materials across various sectors. Manufacturers looking to establish a presence in these markets can capitalize on the growing need for lightweight, durable, and flexible materials in automotive, consumer goods, and medical applications. The potential for partnerships with local industries and stakeholders further enhances the opportunity for expansion in these regions, driving innovation and market penetration for ultrasoft thermoplastic elastomers.

Threats

Despite the promising growth outlook for the Ultrasoft Thermoplastic Elastomer market, several threats could impede progress. One of the primary challenges is the fluctuating prices of raw materials, which can impact production costs and profit margins for manufacturers. As the demand for TPEs grows, competition for key ingredients may intensify, leading to increased costs that could be passed on to consumers. Moreover, the economic uncertainty in various regions may affect investment in research and development, potentially stalling innovation and advancements in TPE formulations. Manufacturers will need to navigate these economic dynamics carefully to maintain competitiveness in the market.

Another significant threat to the Ultrasoft Thermoplastic Elastomer market is the increasing regulatory scrutiny surrounding the use of certain materials and chemicals. As governments worldwide implement stricter regulations concerning environmental impact and product safety, manufacturers may face challenges in ensuring compliance with evolving standards. This regulatory pressure could necessitate costly modifications in production processes and formulations, potentially hampering market growth. To mitigate these risks, companies will need to stay abreast of regulatory changes and invest in sustainable practices and materials that align with compliance requirements, ensuring their long-term viability in the market.

Competitor Outlook

• BASF SE
• TSRC Corporation
• Kraton Corporation
• Covestro AG
• Hexpol AB
• LG Chem Ltd.
• Samsung SDI Co., Ltd.
• Wanhua Chemical Group Co., Ltd.
• Dow Inc.
• Coim Group
• Mitsui Chemicals, Inc.
• Evonik Industries AG
• Solvay S.A.
• DuPont de Nemours, Inc.
• Eastman Chemical Company

The competitive landscape of the Ultrasoft Thermoplastic Elastomer market is characterized by a mix of established players and emerging companies, each striving to differentiate their offerings in a rapidly evolving environment. Major companies such as BASF SE and Kraton Corporation are at the forefront, leveraging their extensive research capabilities and vast product portfolios to meet the diverse needs of various industries. These companies are focusing on innovation and sustainability, developing advanced formulations that cater to the increasing demand for high-performance and eco-friendly materials. Collaborations between manufacturers and research institutions are also becoming common, facilitating the advancement of material technology and enabling companies to stay ahead of the competition.

Another key aspect of the competitive landscape is the trend towards mergers and acquisitions, as companies seek to expand their market presence and enhance their technological capabilities. For instance, companies like Covestro AG and LG Chem Ltd. are actively pursuing strategic alliances and acquisitions to bolster their product offerings and tap into new markets. This strategy not only enhances their competitive edge but also fosters innovation through the integration of new technologies and expertise from acquired firms. Furthermore, as the demand for ultrasoft thermoplastic elastomers grows in emerging markets, companies are increasingly focusing on regional expansion, establishing manufacturing facilities, and distribution channels to cater to local demand effectively.

In terms of key information about major players, Dow Inc. stands out with its commitment to sustainability and innovation, focusing on developing bio-based and recyclable TPE solutions. The company has invested significantly in R&D to enhance the performance characteristics of its products while ensuring compliance with environmental regulations. Similarly, Hexpol AB has established itself as a leader in the elastomer industry, offering a wide range of TPE products designed for specific applications. The company’s strong emphasis on customer collaboration and tailor-made solutions has enabled it to maintain a competitive advantage. Furthermore, Eastman Chemical Company is known for its diverse portfolio of TPE products and commitment to sustainability, driving growth through innovative materials that meet the needs of various industries.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Dow Inc.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Hexpol AB
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Coim Group
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Covestro AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Solvay S.A.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 LG Chem Ltd.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 TSRC Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Kraton Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Evonik Industries AG
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Samsung SDI Co., Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Mitsui Chemicals, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 DuPont de Nemours, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Eastman Chemical Company
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Wanhua Chemical Group Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Ultrasoft Thermoplastic Elastomer Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Footwear
    • 6.1.3 Medical
    • 6.1.4 Industrial
    • 6.1.5 Consumer Goods
  • 6.2 Ultrasoft Thermoplastic Elastomer Market, By Product Type
    • 6.2.1 Thermoplastic Polyurethane
    • 6.2.2 Styrenic Block Copolymers
    • 6.2.3 Polyolefin Blends
    • 6.2.4 Thermoplastic Vulcanizates
    • 6.2.5 Thermoplastic Polyester Elastomers
  • 6.3 Ultrasoft Thermoplastic Elastomer Market, By Ingredient Type
    • 6.3.1 Polypropylene
    • 6.3.2 Polyethylene
    • 6.3.3 Polystyrene
    • 6.3.4 Polyvinyl Chloride
    • 6.3.5 Polyethylene Terephthalate
  • 6.4 Ultrasoft Thermoplastic Elastomer Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Ultrasoft Thermoplastic Elastomer Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Ultrasoft Thermoplastic Elastomer market is categorized based on

By Product Type

• Thermoplastic Polyurethane
• Styrenic Block Copolymers
• Polyolefin Blends
• Thermoplastic Vulcanizates
• Thermoplastic Polyester Elastomers

By Application

• Automotive
• Footwear
• Medical
• Industrial
• Consumer Goods

By Distribution Channel

• Direct Sales
• Indirect Sales

By Ingredient Type

• Polypropylene
• Polyethylene
• Polystyrene
• Polyvinyl Chloride
• Polyethylene Terephthalate

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• BASF SE
• TSRC Corporation
• Kraton Corporation
• Covestro AG
• Hexpol AB
• LG Chem Ltd.
• Samsung SDI Co., Ltd.
• Wanhua Chemical Group Co., Ltd.
• Dow Inc.
• Coim Group
• Mitsui Chemicals, Inc.
• Evonik Industries AG
• Solvay S.A.
• DuPont de Nemours, Inc.
• Eastman Chemical Company