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Thermoplastic elastomers are flexible materials, which can be stretched without permanently deforming their shape. Thermoplastic elastomers are a physical mix of polymers, which are usually plastic and rubber. Thermoplastic elastomers are manufactured by injection, molding, and extrusion. Various automobile parts such as window handles, gaskets, body seals, wipers, filler panels, rocker panels, and damping pads are manufactured from thermoplastic elastomers. Rising demand for automobiles and increasing consumer spending on automobiles is expected to drive growth of the thermoplastic elastomers market.

Market Dynamics

Due to increasing demand for lighter vehicles, thermoplastic elastomers is expected to find increasing applications in the automotive sector. Furthermore, growing demand for bio-based thermoplastic elastomers is driving growth of this market. Hence, players in market are manufacturing bio-based thermoplastic elastomer (TPE) compounds that contain raw materials from renewable resources such as plant and vegetable crops. This is expected to be a major growth opportunity for key players in market.

Growing automotive industry and high demand for electric vehicles is the major driver for the growth of global thermoplastic elastomers in the forecast period. Automotive parts segment accounted for the largest revenue share in the global thermoplastic elastomers market in 2021. This is due to the properties of TPE such as weather & temperature resistance, shock absorption, flexibility, abrasion resistance, and recyclability.

Growing medical equipment manufacturing industry is expected to drive growth of styrenic block co-polymers segment and in turn fuel growth of the thermoplastic elastomers market, globally. For instance, according to the India Brand Equity Foundation in April 2022, medical devices industry in India was valued at US$ 10.36 billion in 2020 and is expected to reach US$ 50 billion by 2025, with a CAGR of 37%.

Various key players are focused towards expanding the manufacturing of thermoplastic elastomers, which is a key factor driving growth of the thermoplastic elastomers market. For instance, in November 2018, DuPont had announced that it was investing over US$ 80 million to build a new manufacturing facility in Zhangjiagang, Jiangsu Province in East China. This new facility will produce compounded high-end engineering plastics and adhesives to serve customers in transportation, electronics, industrial and consumer products markets. This planned site become operational in 2020 with expansion through 2023, thereby driving the overall TPE market growth in the Asia Pacific region.

Key features of the study:

  • This report provides an in-depth analysis of global thermoplastic elastomers market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global thermoplastic elastomers market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include DowDuPont Inc., Arkema Group, Asahi Kasei Corporation, PolyOne Corporation, Elastron Kimya SA, Kraton Corporation, Evonik Industries, Covestro AG., Lubrizol Corporation, Huntsman Corporation, Tosh Corporation, and Teknor Apex Company
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global thermoplastic elastomers market report caters to various stakeholders in this industry including investors, suppliers,  thermoplastic elastomers manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global  thermoplastic elastomers market

Detailed Segmentation:

  • Global Thermoplastic Elastomers Market, By Product Type :
    • Styrenic Block Co-polymers
    • Co-polyester
    • Polyurethane
    • Polyamide
    • Thermoplastic/Elastomers Blend & Alloy
    • Polyolefin
    • Vulcanizates
    • Reactor-made Thermoplastic Polyolefin Elastomers (R-TPO)
    • Polyolefin Plastomers (POP’s)
    • Polyolefin Elastomers (POE’s)
  • Global Thermoplastic Elastomers Market, By Application :
    • Automotive Parts
    • Wires and Cables
    • Coating
    • Adhesive & Sealant
    • Paving & Roofing
    • Housewares & Appliances
    • Others
  • Global Thermoplastic Elastomers Market, By End-use Industry:
    • Building & Construction
    • Automotive
    • Packaging
    • Footwear
    • Consumer Electronics
    • Others
  •  Global Thermoplastic Elastomers Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country/Region:
        • Middle East
        • Africa
  • Company Profiles
    • DowDoPont Inc
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Arkema Group
    • Asahi Kasei Corporation
    • PolyOne Corporation
    • Elastron Kimya SA
    • Kraton Corporation
    • Evonik Industries
    • Covestro AG.
    • Lubrizol Corporation
    • Huntsman Corporation
    • Tosh Corporation
    • Teknor Apex Company

“*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type 
      • Market Snippet, By Application
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Key Developments
      • Industry Trend
  4. Global Thermoplastic Elastomers Market - Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting Global Thermoplastic Elastomers Market – COVID-19
    • Impact Analysis
  5. Global Thermoplastic Elastomers Market, By Product Type , 2017-2030 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2022, 2025, and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • Styrenic Block Co-Polymers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Co-Polyester
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Polyeurethane
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Polyamide
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Thermoplastic/Elastomers Blend & Alloy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Polyolefin
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Vulcanizates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Reactor-made Thermoplastic Polyolefin Elastomers (R-TPO)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Polyolefin Plastomers (POP’s)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Polyolefin Elastomers (POE’s)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
  6. Global Thermoplastic Elastomers Market, By Application, 2017-2030 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2022, 2025, and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • Automotive Parts
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Wire & Cables
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Adhesive & Sealants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Paving & Roofing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Houseware & Appliances
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
  7. Global Thermoplastic Elastomers Market, By End-use Industry, 2017-2030 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2022, 2025, and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • Building & Construction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Footwaear
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Consumer Electronics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
  8. Global Thermoplastic Elastomers Market, By Region, 2017-2030 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2022, 2025, and 2030 (%)
      • Y-o-Y Growth Analysis, For Region, 2017 - 2030
    • North America
      • Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 – 2030
      • Market Size and Forecast, By Product Type , 2017- 2030 (US$ Billion)
      • Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
      • Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
      • Countries
        • U.S.
        • Canada
    • Latin America
      • Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 – 2030
      • Market Size and Forecast, By Product Type , 2017- 2030 (US$ Billion)
      • Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
      • Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
      • Countries
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 – 2030
      • Market Size and Forecast, By Product Type , 2017- 2030 (US$ Billion)
      • Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
      • Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
      • Countries
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 – 2030
      • Market Size and Forecast, By Product Type , 2017- 2030 (US$ Billion)
      • Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
      • Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
      • Countries
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 – 2030
      • Market Size and Forecast, By Product Type , 2017- 2030 (US$ Billion)
      • Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
      • Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
      • Sub-Regions
        • Middle East
        • Africa
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • DowDuPont Inc.
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Arkema Group
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Asahi Kasei Corporation
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • PolyOne Corporation
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Elastron Kimya SA
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Kraton Corporation
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Evonik Industries
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Covestro AG.
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Lubrizol Corporation
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Huntsman Corporation
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Tosh Corporation
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Teknor Apex Company
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
  10. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

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