The Global Thermoplastic Elastomer (TPE) Film Market was valued at USD 1.85 Billion in 2024 and is projected to grow from USD 2.02 Billion in 2025 to USD 3.74 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period (2025-2032). This robust growth is being driven by increasing demand from the medical and packaging industries, the global push for sustainable materials, and the superior performance characteristics of TPE films compared to traditional alternatives like PVC and silicone.

As industries worldwide transition toward more flexible, recyclable, and high-performance materials, the spotlight is on the key manufacturers driving innovation in polymer science. In this blog, we profile the Top 10 Companies in the TPE Film Industry—a diverse mix of global chemical giants, specialized polymer producers, and regional leaders shaping the future of advanced material applications.

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🔟 1. Teknor Apex Company

Headquarters: Pawtucket, Rhode Island, USA
Key Offering: Medical-grade TPE films, Consumer goods films, Specialty compounds

Teknor Apex is a leading global manufacturer of specialty compounds, including a comprehensive portfolio of TPE films. The company serves diverse markets such as medical devices, consumer packaging, and automotive interiors. Its recent expansion of production facilities in Singapore underscores the strategic focus on meeting growing Asia-Pacific demand for high-performance films.

Innovation Initiatives:

• Development of bio-based TPE film formulations

• Strategic partnerships with medical device manufacturers

• Investment in breathable film technology for wearable applications

Download FREE Sample Report: TPE Film Market – View in Detailed Research Report

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9️⃣ 2. Kuraray Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: SEPTON™ series TPE films, TPO films, High-performance elastomers

Kuraray is a major global player in specialty chemicals, with a strong portfolio of hydrogenated styrenic block copolymer films under its SEPTON™ brand. The company’s films are renowned for their clarity, elasticity, and resistance to chemicals and weather, making them ideal for automotive and electronics applications.

Innovation Initiatives:

• Advanced film grades for flexible electronics and displays

• Focus on sustainable production processes

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8️⃣ 3. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: TPE films for automotive, Medical-grade films, Packaging films

Mitsubishi Chemical Corporation offers a wide range of TPE films through its advanced polymer division. The company leverages its extensive R&D capabilities to develop films with specific properties for demanding applications, including automotive interior components and sterile medical packaging.

Innovation Initiatives:

• Development of flame-retardant TPE films

• Expansion of medical-grade film production capacity

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7️⃣ 4. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Hytrel® TPC-ET films, Specialty TPE films

DuPont is a world-renowned materials science company with a strong presence in high-performance TPE films. Its Hytrel® thermoplastic polyester elastomer films are used in critical applications requiring durability, flexibility, and resistance to a wide range of environmental conditions.

Innovation Initiatives:

• Focus on films for renewable energy and electric vehicle applications

• Sustainable product development aligned with circular economy principles

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6️⃣ 5. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: TPE films, Specialty compounds, Engineered materials

SABIC’s diversified portfolio includes innovative TPE films tailored for various industries. The company’s global manufacturing footprint and strong focus on sustainability position it as a key supplier for markets seeking high-performance, environmentally conscious material solutions.

Innovation Initiatives:

• Development of certified circular TPE products

• Collaboration with value chain partners on recyclable film solutions

Download FREE Sample Report: TPE Film Market – View in Detailed Research Report

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5️⃣ 6. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Elastollan® TPU films, Styrenic TPE films

BASF is a global chemical leader with a comprehensive range of thermoplastic polyurethane (TPU) films under the Elastollan® brand. These films are known for their exceptional mechanical properties, transparency, and processing versatility across automotive, construction, and sports/leisure sectors.

Innovation Initiatives:

• Bio-based TPU film development

• Digitalization of film manufacturing processes

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4️⃣ 7. Kraton Corporation

Headquarters: Houston, Texas, USA
Key Offering: Styrenic block copolymer (SBC) films, Specialty TPEs

Kraton Corporation is a leading global producer of styrenic block copolymers, which form the basis for many high-performance TPE films. The company’s innovations focus on creating films with enhanced sustainability profiles without compromising performance.

Innovation Initiatives:

• Circular polymer technology for recyclable films

• Expansion of medical and hygiene film applications

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3️⃣ 8. Nihon Matai Co.,Ltd.

Headquarters: Tokyo, Japan
Key Offering: Medical-grade TPE films, Industrial films

Nihon Matai specializes in high-performance polymer films, with a particular focus on medical applications. The company’s TPE films are engineered to meet stringent regulatory requirements for biocompatibility and sterilization compatibility.

Innovation Initiatives:

• Development of ultra-thin films for advanced medical devices

• Enhanced breathability technologies for medical drapes and gowns

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2️⃣ 9. Hygenic Corporation

Headquarters: Akron, Ohio, USA
Key Offering: Thera-Band® TPE films, Medical and consumer TPEs

Hygenic Corporation, a subsidiary of Performance Health, is a recognized leader in TPE products for medical and consumer health applications. The company’s expertise lies in producing consistent, high-quality films with specific performance characteristics.

Innovation Initiatives:

• Focus on films for therapeutic and rehabilitation products

• Color and additive technologies for specialized applications

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1️⃣ 10. Arya Polimer

Headquarters: Maharashtra, India
Key Offering: TPE films for packaging, Automotive TPE films

Arya Polimer has emerged as a significant regional player in the TPE film market, particularly serving the growing demand in South Asia. The company focuses on cost-effective solutions while maintaining quality standards for packaging and industrial applications.

Innovation Initiatives:

• Expansion of production capacity to meet regional demand

• Development of films tailored for local market needs

Get Full Report Here: TPE Film Market – View in Detailed Research Report

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🌍 Outlook: The Future of TPE Films Is Sustainable and High-Performance

The TPE film market is undergoing a significant transformation. While conventional materials still dominate certain applications, the industry is rapidly adopting sustainable alternatives, advanced manufacturing technologies, and specialized film formulations for next-generation applications.

📈 Key Trends Shaping the Market:

• Rapid expansion of medical-grade TPE film applications in healthcare

• Regulatory push for recyclable and bio-based materials in packaging

• Integration of TPE films in electric vehicle components and battery systems

• Advancements in breathable and antimicrobial film technologies

Get Full Report Here: TPE Film Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials—they’re driving the innovation transition toward smarter, more sustainable polymer solutions.