The Global Thermoplastic Polyamide Elastomers (TPE) Market was valued at US$ 841.3 million in 2023 and is projected to reach US$ 1048.6 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period (2024–2030). This steady growth is propelled by rising demand from key end-use industries such as automotive, consumer goods, and medical devices, coupled with the material’s superior properties like high flexibility, chemical resistance, and excellent fatigue endurance.

As industries increasingly seek lightweight, durable, and high-performance materials to replace traditional plastics, rubber, and even metals, the focus intensifies on the key chemical innovators driving this transition. In this blog, we profile the Top 10 Companies in the Thermoplastic Polyamide Elastomers (TPE) Industry—a group of global chemical leaders and specialized polymer producers shaping the future of advanced materials.

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🔟 1. Arkema Group

Headquarters: Colombes, France
Key Offering: Pebax® & Rilsan® TPE ranges

Arkema is a global leader in high-performance materials and a dominant force in the TPE market through its renowned Pebax® elastomers. These materials are celebrated for their exceptional lightness, outstanding energy return, and resistance to impact and chemicals, making them ideal for applications from high-performance sports footwear to medical catheters and flexible industrial components.

Innovation Focus:

• Development of bio-based Pebax® Rnew® elastomers derived from castor oil

• Continuous expansion of high-performance grades for extreme temperature and durability requirements

• Strong R&D pipeline focused on sustainability and circular economy principles

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9️⃣ 2. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: Vestamid® E (PEBA), VESTENAMER®

Evonik is a specialty chemicals giant with a significant portfolio of polymer products, including its Vestamid® range of Polyether Block Amides (PEBA). These TPEs are known for their high flexibility across a wide temperature range, excellent dynamic properties, and good resistance to chemicals and abrasion, serving the automotive, electronics, and consumer goods sectors.

Innovation Focus:

• Advanced material solutions for lightweight automotive components

• Specialty grades for medical technology requiring biocompatibility

• Investment in recycling technologies and sustainable production processes

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8️⃣ 3. EMS-Grivory (a member of the EMS Group)

Headquarters: Domat/Ems, Switzerland
Key Offering: Grilamid & Grilon TPEs

EMS-Grivory, part of the Swiss EMS Group, is a globally recognized producer of high-performance polyamides and thermoplastic elastomers. Their Grilamid and Grilon TPE products are highly regarded for their transparency, toughness, and resistance to stress cracking, making them a preferred choice for optical applications, sports equipment, and demanding industrial uses.

Innovation Focus:

• Leading producer of transparent polyamide elastomers

• Customizable compound solutions for specific customer applications

• Global production network ensuring supply chain reliability

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7️⃣ 4. UBE Corporation

Headquarters: Tokyo, Japan
Key Offering: UBE Polyamide Elastomers

UBE Corporation is a major Japanese chemical company with a strong presence in the engineering plastics market. Its polyamide elastomers are engineered to offer a unique balance of flexibility, heat resistance, and mechanical strength, catering particularly to the automotive and electronic industries in the Asia-Pacific region and globally.

Innovation Focus:

• Development of elastomers for high-temperature automotive under-the-hood applications

• Focus on flame-retardant grades for electronics and electrical components

• Expansion of production capacity to meet growing regional demand

Download FREE Sample Report: Thermoplastic Polyamide Elastomers (TPE) Market – View in Detailed Research Report

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultramid® Flex TPEs

As one of the world’s largest chemical producers, BASF offers a comprehensive portfolio of engineering plastics, including its Ultramid® Flex range of thermoplastic polyamide elastomers. These materials combine the benefits of elastomers with the easy processability of thermoplastics, finding applications in automotive, consumer goods, and industrial sectors.

Innovation Focus:

• Integration of recycled content into TPE product lines

• Development of materials for electromobility and lightweight construction

• Global technical support and application development centers

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5️⃣ 6. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Hytrel® TPC-ET (Thermoplastic Polyester Elastomer), Zytel® PA

While renowned for its Hytrel® TPC-ET, DuPont maintains a significant influence in the broader thermoplastic elastomer space with advanced polyamide-based solutions. The company’s expertise in polymer science drives innovation in materials that offer durability, chemical resistance, and high performance for the most demanding applications.

Innovation Focus:

• Pioneering high-performance elastomers for extreme environments

• Sustainable solutions including bio-based and recyclable materials

• Strong focus on automotive electrification and renewable energy applications

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4️⃣ 7. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: TPEs under various brand names

Mitsubishi Chemical Group, formed from the merger of Mitsubishi Chemical and other entities, is a comprehensive chemical manufacturer with a diverse portfolio that includes thermoplastic elastomers. The company leverages its extensive R&D capabilities to develop specialized TPE grades for electronics, automotive, and healthcare markets.

Innovation Focus:

• Development of specialty compounds for electronic device components

• Focus on materials supporting the transition to a carbon-neutral society

• Global expansion of advanced material solutions

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3️⃣ 8. Lanxess AG

Headquarters: Cologne, Germany
Key Offering: Durethan® PA, specialized TPE compounds

Lanxess is a leading specialty chemicals company with a strong foothold in high-tech plastics. While primarily known for its Durethan® polyamides, the company also develops and supplies specialized thermoplastic elastomer compounds that meet rigorous automotive, electrical, and consumer goods specifications.

Innovation Focus:

• Lightweight engineering solutions for the automotive industry

• Flame-retardant and glass-fiber reinforced TPE compounds

• Commitment to sustainable production and circular economy initiatives

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2️⃣ 9. SABIC (Saudi Basic Industries Corporation)

Headquarters: Riyadh, Saudi Arabia
Key Offering: SABIC® TPEs, including polyamide-based grades

SABIC is a global leader in diversified chemicals with an extensive portfolio of thermoplastic materials. The company offers a range of engineered TPE solutions, including polyamide-based elastomers, which benefit from SABIC’s integrated manufacturing and global supply chain capabilities.

Innovation Focus:

• Development of materials for large-scale industrial applications

• Focus on circular solutions with certified circular and renewable products

• Strong presence in growing Asian and Middle Eastern markets

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1️⃣ 10. RadiciGroup

Headquarters: Bergamo, Italy
Key Offering: Radilon® TPE (PA-based)

RadiciGroup is a leading international chemicals and plastics producer with a strong focus on engineering polymers. Their Radilon® range of thermoplastic polyamide elastomers is recognized for its excellent mechanical properties, chemical resistance, and processing versatility, serving diverse markets across Europe, Americas, and Asia.

Innovation Focus:

• Custom compounding services for specific application requirements

• Strong emphasis on sustainability with bio-based and recyclable grades

• Technical partnership approach with customers for co-development

Read Full Report: Thermoplastic Polyamide Elastomers (TPE) Market – View in Detailed Research Report

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🧭 Outlook: The Future of TPEs is Smarter and More Sustainable

The Thermoplastic Polyamide Elastomers market is undergoing a significant transformation. While traditional performance properties remain crucial, the industry is increasingly driven by sustainability mandates, digitalization of manufacturing, and the demand for specialized material solutions.

📈 Key Trends Shaping the Market:

• Rapid expansion of bio-based and recycled content TPEs to meet circular economy goals

• Increasing demand from electric vehicle components requiring specialized material properties

• Growth in medical and healthcare applications driven by aging populations and technological advances

• Digitalization of material selection and supply chains enhancing efficiency and customization

Read Full Report: Thermoplastic Polyamide Elastomers (TPE) Market – View in Detailed Research Report

The companies listed above are not only supplying advanced materials—they’re pioneering the next generation of intelligent, sustainable polymer solutions that will define manufacturing across multiple industries for decades to come.