- Styrenic Block Copolymers (SBC, SBS, SIS, HSBC)
- Thermoplastic Polyurethanes (TPU)
- Thermoplastic Polyolefins (TPO)
- Thermoplastic Vulcanizates (TPV)
- Copolyester Elastomers (COPE)
Thermoplastic Elastomers (TPE) Market size was valued at USD 2586.6 million in 2021 and is expected to reach USD 38423.4 million by 2029, at a CAGR of 5.8% during the forecast period 2023 to 2029. Thermoplastic elastomers (TPE) are plastics that exhibit the properties of vulcanized elastomers (rubber) at room temperature but can be processed like thermoplastic plastics when heated. TPEs are unique, eco-friendly thermoplastics that are not only recyclable but can also be re-molded and re-shaped, thereby eliminating wastage quite extensively. These offer various other advantages in terms of physical attributes & characteristics such as resistance to chemicals, UV, oxidation, and providing a soft touch to materials. These properties are increasingly driving rubber and conventional plastic material replacement by TPEs in their respective applications. Several federal bodies such as the FDA, and US Pharmacopeia regulate product applications in numerous end-use industries to ensure the utmost consumer health and safety. These regulations affirm TPE utilization for commercial applications by providing guidelines for prudent product usage.
Thermoplastic Elastomers (TPE) Market Key Developments:
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Increasing consumer preference for high performance and lightweight passenger cars has been driving plastics innovation in automotive manufacturing. These factors have led to increased thermoplastics consumption in the aforementioned application. Thermoplastic elastomers exhibit superior physical and chemical properties compared to thermoset plastics, thus gaining preference in terms of application. High substitution rate of TPU & TPO as an alternative to ethylene propylene diene monomer (EPDM) in construction materials is expected to complement global industry demand over the forecast period. However, high cost of TPE materials over conventional plastics, rubbers, and thermoset materials will restrict the use of TPE in case of fillers for products where large volume of materials are required at a low cost.
The thermoplastic elastomers tpe market, size was valued at USD 2586.6 million in 2022
The thermoplastic elastomers tpe market key players are: Dow Chemical Co Kraton Polymers Sinopec LyondellBasell Timco Rubber Arkema Huntsman International LLC Covestro AG Kraiburg TPE GmbH & Co BASF SE Dynasol
The thermoplastic elastomers tpe market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Thermoplastic Elastomers Market Introduction |
2.1. Global Thermoplastic Elastomers Market – Taxonomy |
2.2. Global Thermoplastic Elastomers Market –Definitions |
2.2.1. By Polymer Type |
2.2.2. By Polymer Sequence |
2.2.3. By Applications |
2.2.4. By Region |
3. Global Thermoplastic Elastomers Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Thermoplastic Elastomers Market Dynamic Factors - Impact Analysis |
3.6. Global Thermoplastic Elastomers Market – Competition Landscape |
4. Global Thermoplastic Elastomers Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 |
4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Thermoplastic Elastomers Market, By Polymer Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1. Block Copolymers |
5.1.1. TPE-A Co-Polyamides |
5.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.1.3. Market Opportunity Analysis |
5.1.2. TPE-C Co-Polyesthers |
5.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.2.3. Market Opportunity Analysis |
5.1.3. TPE-U Co-Polyurethens |
5.1.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3.3. Market Opportunity Analysis |
5.1.4. TPE-S Styrene Block |
5.1.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.4.3. Market Opportunity Analysis |
5.2. Simple Polymer Blends |
5.2.1. TPE-O Polyolefene Blend |
5.2.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.1.3. Market Opportunity Analysis |
5.2.2. TPE-Z Polymer Alloys |
5.2.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.2.3. Market Opportunity Analysis |
5.3. Reactive Polymer Blends |
5.3.1. TPE-V Vulkanizates |
5.3.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.3.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.1.3. Market Opportunity Analysis |
5.3.2. TPE-H Hybrids |
5.3.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.3.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.2.3. Market Opportunity Analysis |
6. Global Thermoplastic Elastomers Market Forecast, By Polymer Sequence, 2018 - 2022 and Forecast, 2021 – 2027 (Revenue, USD Mn) |
6.1. Multiblock Polymers |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Tri-Block Polymers |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Thermoplastic Elastomers Market, By Applications, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1. Automotive |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Construction |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Cable and Wires |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Sports & Sports Equipment |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Consumer Goods |
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Medical |
7.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
7.7. Electronics |
7.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.7.3. Market Opportunity Analysis |
7.8. Others |
7.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.8.3. Market Opportunity Analysis |
8. Global Thermoplastic Elastomers Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia-Pacific |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Thermoplastic Elastomers Market - Opportunity Analysis Index, By Polymer Type, Polymer Sequence, Applications, and Region, 2023 - 2029 |
9. North America Thermoplastic Elastomers market analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
9.1. By Polymer Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Block Copolymers |
9.1.1.1. TPE-A Co-Polyamides |
9.1.1.2. TPE-C Co-Polyesthers |
9.1.1.3. TPE-U Co-Polyurethens |
9.1.1.4. TPE-S Styrene Block |
9.1.2. Simple Polymer Blends |
9.1.2.1. TPE-O Polyolefene Blend |
9.1.2.2. TPE-Z Polymer Alloys |
9.1.3. Reactive Polymer Blends |
9.1.3.1. TPE-V Vulkanizates |
9.1.3.2. TPE-H Hybrids |
9.2. Polymer Sequence Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.2.1. Multiblock Polymers |
9.2.2. Tri-Block Polymers |
9.3. Applications Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.3.1. Automotive |
9.3.2. Construction |
9.3.3. Cable and Wires |
9.3.4. Sports & Sports Equipment |
9.3.5. Consumer Goods |
9.3.6. Medical |
9.3.7. Electronics |
9.3.8. Others |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Thermoplastic Elastomers Market - Opportunity Analysis Index, By Polymer Type, Polymer Sequence, Applications, and Country, 2023 - 2029 |
9.6. North America Thermoplastic Elastomers Market Dynamics – Trends |
10. Europe Thermoplastic Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
10.1. By Polymer Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Block Copolymers |
10.1.1.1. TPE-A Co-Polyamides |
10.1.1.2. TPE-C Co-Polyesthers |
10.1.1.3. TPE-U Co-Polyurethens |
10.1.1.4. TPE-S Styrene Block |
10.1.2. Simple Polymer Blends |
10.1.2.1. TPE-O Polyolefene Blend |
10.1.2.2. TPE-Z Polymer Alloys |
10.1.3. Reactive Polymer Blends |
10.1.3.1. TPE-V Vulkanizates |
10.1.3.2. TPE-H Hybrids |
10.2. Polymer Sequence Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Multiblock Polymers |
10.2.2. Tri-Block Polymers |
10.3. Applications Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.3.1. Automotive |
10.3.2. Construction |
10.3.3. Cable and Wires |
10.3.4. Sports & Sports Equipment |
10.3.5. Consumer Goods |
10.3.6. Medical |
10.3.7. Electronics |
10.3.8. Others |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Russia |
10.4.7. Poland |
10.4.8. Rest of Europe |
10.5. Europe Thermoplastic Elastomers Market - Opportunity Analysis Index, By Polymer Type, Polymer Sequence, Applications, and Country, 2023 - 2029 |
10.6. Europe Thermoplastic Elastomers Market Dynamics – Trends |
11. Asia-Pacific Thermoplastic Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
11.1. By Polymer Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Block Copolymers |
11.1.1.1. TPE-A Co-Polyamides |
11.1.1.2. TPE-C Co-Polyesthers |
11.1.1.3. TPE-U Co-Polyurethens |
11.1.1.4. TPE-S Styrene Block |
11.1.2. Simple Polymer Blends |
11.1.2.1. TPE-O Polyolefene Blend |
11.1.2.2. TPE-Z Polymer Alloys |
11.1.3. Reactive Polymer Blends |
11.1.3.1. TPE-V Vulkanizates |
11.1.3.2. TPE-H Hybrids |
11.2. Polymer Sequence Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Multiblock Polymers |
11.2.2. Tri-Block Polymers |
11.3. Applications Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.3.1. Automotive |
11.3.2. Construction |
11.3.3. Cable and Wires |
11.3.4. Sports & Sports Equipment |
11.3.5. Consumer Goods |
11.3.6. Medical |
11.3.7. Electronics |
11.3.8. Others |
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.4.1. Japan |
11.4.2. China |
11.4.3. India |
11.4.4. ASEAN |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Thermoplastic Elastomers Market - Opportunity Analysis Index, By Polymer Type, Polymer Sequence, Applications, and Country, 2023 - 2029 |
11.6. Asia-Pacific Thermoplastic Elastomers Market Dynamics – Trends |
12. Latin America Thermoplastic Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
12.1. By Polymer Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Block Copolymers |
12.1.1.1. TPE-A Co-Polyamides |
12.1.1.2. TPE-C Co-Polyesthers |
12.1.1.3. TPE-U Co-Polyurethens |
12.1.1.4. TPE-S Styrene Block |
12.1.2. Simple Polymer Blends |
12.1.2.1. TPE-O Polyolefene Blend |
12.1.2.2. TPE-Z Polymer Alloys |
12.1.3. Reactive Polymer Blends |
12.1.3.1. TPE-V Vulkanizates |
12.1.3.2. TPE-H Hybrids |
12.2. Polymer Sequence Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Multiblock Polymers |
12.2.2. Tri-Block Polymers |
12.3. Applications Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.3.1. Automotive |
12.3.2. Construction |
12.3.3. Cable and Wires |
12.3.4. Sports & Sports Equipment |
12.3.5. Consumer Goods |
12.3.6. Medical |
12.3.7. Electronics |
12.3.8. Others |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Thermoplastic Elastomers Market - Opportunity Analysis Index, By Polymer Type, Polymer Sequence, Applications, and Country, 2023 - 2029 |
12.6. Latin America Thermoplastic Elastomers Market Dynamics – Trends |
13. Middle East and Africa Thermoplastic Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
13.1. By Polymer Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Block Copolymers |
13.1.1.1. TPE-A Co-Polyamides |
13.1.1.2. TPE-C Co-Polyesthers |
13.1.1.3. TPE-U Co-Polyurethens |
13.1.1.4. TPE-S Styrene Block |
13.1.2. Simple Polymer Blends |
13.1.2.1. TPE-O Polyolefene Blend |
13.1.2.2. TPE-Z Polymer Alloys |
13.1.3. Reactive Polymer Blends |
13.1.3.1. TPE-V Vulkanizates |
13.1.3.2. TPE-H Hybrids |
13.2. Polymer Sequence Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Multiblock Polymers |
13.2.2. Tri-Block Polymers |
13.3. Applications Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.3.1. Automotive |
13.3.2. Construction |
13.3.3. Cable and Wires |
13.3.4. Sports & Sports Equipment |
13.3.5. Consumer Goods |
13.3.6. Medical |
13.3.7. Electronics |
13.3.8. Others |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. Israel |
13.4.3. South Africa |
13.4.4. Rest of MEA |
13.5. MEA Thermoplastic Elastomers Market - Opportunity Analysis Index, By Polymer Type, Polymer Sequence, Applications, and Country, 2023 - 2029 |
13.6. MEA Thermoplastic Elastomers Market Dynamics – Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Polymer Sequence& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. Dow Chemical Co. |
14.2.2. Kraton Polymers |
14.2.3. Sinopec |
14.2.4. LyondellBasell |
14.2.5. Timco Rubber |
14.2.6. Arkema |
14.2.7. Huntsman International LLC |
14.2.8. Covestro AG |
14.2.9. Kraiburg TPE GmbH & Co |
14.2.10. BASF SE |
14.2.11. Dynasol |
15. Research Methodology |
16. Key Assumptions and Acronyms |