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­­­Global Thermoplastic Elastomers Market – Insights

Thermoplastic elastomers are adaptable materials, which can be extended without distorting the shape permanently. Thermoplastic elastomers are a physical blend of polymers, which is typically plastic and elastic, and they are manufactured by injection, molding, and extrusion. It is utilized in various applications in the automotive sector, such as airbags, anti-slip mats, window trims, cowl panels, spoilers, and seals & air duct components. Rising demand for automobiles and automotive parts along with increasing consumer spending on automobiles are expected to drive growth of the thermoplastic elastomers market.

Superior properties of thermoplastic elastomers include its glass transition temperature and outstanding material stability when exposed to a broad range of temperatures and non-polar materials. Moreover, less energy is consumed in case of manufacturing TPEs and it can be colored using ordinary dyes.

Furthermore, thermoplastics can be crushed and turned into 3D printing filament. TPE requires little to no compounding, without the need for addition of reinforcing agents, stabilizers or cure systems. Hence, TPE materials and end products manufactured using TPE are consistent in terms of their properties.

Among product type, styrenic block co-polymers segment dominated the global thermoplastic elastomers market in 2017, owing to its various applications in sealants, gasket materials, hot-melt adhesives, rubber bands, toy products, shoe soles, and bitumen products for road paving, and roofing applications. Increasing initiatives by major players to upscale its styrenic block co-polymers business is expected to drive growth of this segment in the global TPE market. For instance, in November 2017, Versalis, a petrochemical company in Europe, inaugurated ‘Lotte Versalis Elastomers’ plant in Yeosu, South Korea which is a joint venture with Lotte Chemical. This plant produces 200,000 metric tons/year of elastomers, including 100,000 metric tons/year of ethylene-propylene-diene monomer (EPDM) and 100,000 metric tons/year of solution-styrene butadiene rubber (SBR).

Among application, automotive parts segment accounted for the largest market share, followed by housewares & appliances segment, owing to TPE’s heat resistance, shock absorption, vibration damping, and chemical resistance to various appliances such as refrigerators, ovens, electric kettles, and others. According to the India Brand Equity Foundation (IBEF), the electronics market was valued at US$ 100 billion in 2017 and is expected to reach US$ 104 billion by 2020. Moreover, in 2017, the consumer durables electrical market was valued at US$ 21.70 billion and increased 13% in Q1 of 2018 and 16% in Q2 of 2018. Therefore, increasing adoption of housewares and appliances is expected to propel demand for TPEs during 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 global thermoplastic elastomers market was valued at US$ 22.57 billion in 2017 and is expected to register a CAGR of 6.1% in terms of revenue, over the forecast period (2018 – 2026), to reach US$ 37.03 billion by 2026.

Figure 1. Global Thermoplastic Elastomers Market Share (%), By Region, 2017

 Thermoplastic Elastomer  | Coherent Market Insights

Source: Coherent Market Insights, 2017-18

Asia Pacific held dominant position in the thermoplastic elastomers market in 2017 and accounted for market share of 47.1%, owing to increasing demand from various industries such as automotive, packaging, medical, and others, with China, India, and Japan contributing the major revenue share in Asia Pacific thermoplastic elastomer market.

Furthermore, 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 announced that it is 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 is expected to become operational in 2020 with expansion through 2023, thereby driving the overall TPE market growth in the Asia Pacific region.

Figure 2. Global Thermoplastic Elastomers Market Share (%), By Application, 2017

Thermoplastic Elastomer  | Coherent Market Insights 

Source: Coherent Market Insights, 2017-18

Players operating in the global thermoplastic elastomers market are adopting various growth strategies such as plant’s capacity expansion to cater to increasing demand for thermoplastic elastomers. For instance, in June 2018, Arkema Group announced plans to launch a new project by mid-2020, to increase the production capacity of ‘Polyamide 12’ by 25% in China. Also, in May 2018, Elastron Kimya SA announced plans to open its TPE manufacturing plant in Gainesville, U.S. The manufacturing of this plant would cost around US$ 10 million. It will promote its TPE brand in the U.S. and will attract new clients from the region.

Major players operating in the global thermoplastic elastomers market include DowDuPont Inc., Arkema Group, Asahi Kasei Corporation, PolyOne Corporation, Elastron Kimya SA, Kraton Corporation, Evonik Industries, and Covestro AG.

Thermoplastic elastomers are flexible materials, which can be stretched without permanently deforming the shape. Thermoplastic elastomers are a physical mix of polymers, which is 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

Among product type, styrenic block co-polymers segment accounted for the largest revenue share in the global thermoplastic elastomers market in 2017.

Among application, automotive parts segment accounted for the largest revenue share in the global thermoplastic elastomers market in 2017. This is due to the properties of TPE such as weather & temperature resistance, shock absorption, flexibility, abrasion resistance, and recyclable.

Among End-use industry, automotive segment accounted for the largest market share in 2017, owing to the production of TPE-based building materials such as pipes, paving and roofing components, and window grills.

North America held a significant market share in 2017 due to high presence of major players such as DowDuPont Inc., PolyOne Corporation, Kraton Corporation, and others, which held prominent market share in the global thermoplastic elastomer market.

Key features of the study:

  • This report provides in-depth analysis of thermoplastic elastomers market and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 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 approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading 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, and Covestro AG
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products 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 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
      • U.S.
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Canada
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
    • Latin America
      • Brazil
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Argentina
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Mexico
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Rest of Latin America
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
    • Europe
      • U.K.
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Germany
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Italy
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Spain
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • France
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Russia
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Rest of Europe
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
    • Asia Pacific
      • China
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • India
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Japan
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • ASEAN
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Australia
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • South Korea
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Rest of Asia Pacific
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
    • Middle East and Africa
      • Middle East
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
      • Africa
        • 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)
        • By Application:
          • Automotive Parts
          • Wires and Cables
          • Coating
          • Adhesive & Sealant
          • Paving & Roofing
          • Housewares & Appliances
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Packaging
          • Footwear
          • Consumer Electronics
          • Others
  • Company Profiles
    • DowDuPont Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Arkema Group
    • Asahi Kasei Corporation
    • PolyOne Corporation
    • Elastron Kimya SA
    • Kraton Corporation
    • Evonik Industries
    • Covestro AG

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

Frequently Asked Questions

The global thermoplastic elastomer market is estimated to reach US$ 37.03 Billion by 2026.
Major players operating in the global thermoplastic elastomer market include DowDuPont Inc., Arkema Group, Asahi Kasei Corporation, PolyOne Corporation, Elastron Kimya SA, Kraton Corporation, Evonik Industries, and Covestro AG.
High cost of TPE materials over conventional plastics, rubbers, and thermoset materialsis one of the major factors that is expected to hamper growth of the market over the forecast period.
Rising demand for automobiles and automotive partsis one of the major factors that is expected to propel growth of the market over the forecast period.
The global thermoplastic elastomer market is estimated to exhibit a CAGR of 6.1% over the forecast period (2018-2026).
Among regions, Asia Pacific held dominant position in the thermoplastic elastomers market in 2017.

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