Thermoplastic Elastomers (TPE) Market: By Polymer Type (Block Copolymers, Simple Polymer Blends, Reactive Polymer Blends), By Polymer Sequence (Multiblock Polymers, Tri-Block Polymers), By Applications (Automotive, Construction, Cable and Wires, Sports & Sports Equipment, Consumer Goods, Medical, Electronics, Others), and Geography  

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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:

  • In January 2018: Polymax Thermoplastic Elastomers LLC, a manufacturer and custom compounder of thermoplastic elastomers, is planning to increase the size of its production operation, by adding about eight million pounds of annual capacity.

Thermoplastic Elastomers Tpe Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.8%

Largest Market

North America

Fastest Growing Market

Asia-Pacific
Thermoplastic Elastomers (TPE) Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Thermoplastic Elastomers Tpe Market Segmentation

By Product Type
  • Styrenic Block Copolymers (SBC, SBS, SIS, HSBC)
  • Thermoplastic Polyurethanes (TPU)
  • Thermoplastic Polyolefins (TPO)
  • Thermoplastic Vulcanizates (TPV)
  • Copolyester Elastomers (COPE)
By Application
  • Automotive
  • Footwear
  • Construction
  • Medical
  • Electronics
  • Industrial
  • Advanced Materials
By Geography
  • North America
  • Asia Pacifice
  • Latn America
  • Europe

Frequently Asked Questions

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
  • Dow Chemical Co
  • Kraton Polymers
  •  Sinopec
  •  LyondellBasell
  •  Timco Rubber
  •  Arkema
  • Huntsman International LLC
  •  Covestro AG
  •  Kraiburg TPE GmbH & Co
  • BASF SE
  •  Dynasol

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