Thermoplastic Elastomers Market Analysis and Forecast by Size, Share, Growth, Trends 2031
Coverage: Thermoplastic Elastomers Market covers analysis by Type (Styrenic Block Copolymer, Thermoplastic Polyurethane, Thermoplastic Polyolefins, Thermoplastic Vulcanizates, Copolyester Ether Elastomers, Polyether Block Amide Elastomers); End-Use Industry (Automotive, Building and Construction, Footwear, Engineering, Wires and Cables, Medical, Other) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Sep 2025
- Report Code : TIPRE00009918
- Category : Chemicals and Materials
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
The Thermoplastic Elastomers Market is expected to register a CAGR of XX% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.
The report is categorized by Type (Styrenic Block Copolymer, Thermoplastic Polyurethane, Thermoplastic Polyolefins, Thermoplastic Vulcanizates, Copolyester Ether Elastomers, Polyether Block Amide Elastomers) and further analyzes the market based on End-Use Industry (Automotive, Building and Construction, Footwear, Engineering, Wires and Cables, Medical). A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.
The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.
The report Thermoplastic Elastomers Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Thermoplastic Elastomers Market Segmentation
Type- Styrenic Block Copolymer
- Thermoplastic Polyurethane
- Thermoplastic Polyolefins
- Thermoplastic Vulcanizates
- Copolyester Ether Elastomers
- Polyether Block Amide Elastomers
- Automotive
- Building and Construction
- Footwear
- Engineering
- Wires and Cables
- Medical
Strategic Insights
Thermoplastic Elastomers Market Growth Drivers- Innovative Applications Boosting Thermoplastic Elastomers Demand
- Sustainability Trends Driving Eco-Friendly TPE Solutions
- Advancements in Manufacturing Techniques Enhancing TPE Performance
- Thermoplastic Elastomers Revolutionize Sustainable Packaging Solutions
- Smart Textiles: Thermoplastic Elastomers Enhance Wearable Technology
- Eco-Friendly Innovations Drive Thermoplastic Elastomers in Automotive Design
- Eco-Friendly Thermoplastic Elastomers for Sustainable Products
- Innovative Applications of TPEs in Automotive and Consumer Goods
- Growing Demand for TPEs in Medical Devices and Healthcare Solutions
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Thermoplastic Elastomers Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Thermoplastic Elastomers Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Thermoplastic Elastomers Market - By Type
1.3.2 Thermoplastic Elastomers Market - By End-Use Industry
1.3.3 Thermoplastic Elastomers Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. THERMOPLASTIC ELASTOMERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. THERMOPLASTIC ELASTOMERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. THERMOPLASTIC ELASTOMERS MARKET - GLOBAL MARKET ANALYSIS
6.1. THERMOPLASTIC ELASTOMERS - GLOBAL MARKET OVERVIEW
6.2. THERMOPLASTIC ELASTOMERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. THERMOPLASTIC ELASTOMERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STYRENIC BLOCK COPOLYMER
7.3.1. Overview
7.3.2. Styrenic Block Copolymer Market Forecast and Analysis
7.4. THERMOPLASTIC POLYURETHANE
7.4.1. Overview
7.4.2. Thermoplastic Polyurethane Market Forecast and Analysis
7.5. THERMOPLASTIC POLYOLEFINS
7.5.1. Overview
7.5.2. Thermoplastic Polyolefins Market Forecast and Analysis
7.6. THERMOPLASTIC VULCANIZATES
7.6.1. Overview
7.6.2. Thermoplastic Vulcanizates Market Forecast and Analysis
7.7. COPOLYESTER ETHER ELASTOMERS
7.7.1. Overview
7.7.2. Copolyester Ether Elastomers Market Forecast and Analysis
7.8. POLYETHER BLOCK AMIDE ELASTOMERS
7.8.1. Overview
7.8.2. Polyether Block Amide Elastomers Market Forecast and Analysis
8. THERMOPLASTIC ELASTOMERS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. BUILDING AND CONSTRUCTION
8.4.1. Overview
8.4.2. Building and Construction Market Forecast and Analysis
8.5. FOOTWEAR
8.5.1. Overview
8.5.2. Footwear Market Forecast and Analysis
8.6. ENGINEERING
8.6.1. Overview
8.6.2. Engineering Market Forecast and Analysis
8.7. WIRES AND CABLES
8.7.1. Overview
8.7.2. Wires and Cables Market Forecast and Analysis
8.8. MEDICAL
8.8.1. Overview
8.8.2. Medical Market Forecast and Analysis
8.9. OTHER
8.9.1. Overview
8.9.2. Other Market Forecast and Analysis
9. THERMOPLASTIC ELASTOMERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Thermoplastic Elastomers Market Overview
9.1.2 North America Thermoplastic Elastomers Market Forecasts and Analysis
9.1.3 North America Thermoplastic Elastomers Market Forecasts and Analysis - By Type
9.1.4 North America Thermoplastic Elastomers Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Thermoplastic Elastomers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Thermoplastic Elastomers Market
9.1.5.1.1 United States Thermoplastic Elastomers Market by Type
9.1.5.1.2 United States Thermoplastic Elastomers Market by End-Use Industry
9.1.5.2 Canada Thermoplastic Elastomers Market
9.1.5.2.1 Canada Thermoplastic Elastomers Market by Type
9.1.5.2.2 Canada Thermoplastic Elastomers Market by End-Use Industry
9.1.5.3 Mexico Thermoplastic Elastomers Market
9.1.5.3.1 Mexico Thermoplastic Elastomers Market by Type
9.1.5.3.2 Mexico Thermoplastic Elastomers Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Thermoplastic Elastomers Market Overview
9.2.2 Europe Thermoplastic Elastomers Market Forecasts and Analysis
9.2.3 Europe Thermoplastic Elastomers Market Forecasts and Analysis - By Type
9.2.4 Europe Thermoplastic Elastomers Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Thermoplastic Elastomers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Thermoplastic Elastomers Market
9.2.5.1.1 Germany Thermoplastic Elastomers Market by Type
9.2.5.1.2 Germany Thermoplastic Elastomers Market by End-Use Industry
9.2.5.2 France Thermoplastic Elastomers Market
9.2.5.2.1 France Thermoplastic Elastomers Market by Type
9.2.5.2.2 France Thermoplastic Elastomers Market by End-Use Industry
9.2.5.3 Italy Thermoplastic Elastomers Market
9.2.5.3.1 Italy Thermoplastic Elastomers Market by Type
9.2.5.3.2 Italy Thermoplastic Elastomers Market by End-Use Industry
9.2.5.4 United Kingdom Thermoplastic Elastomers Market
9.2.5.4.1 United Kingdom Thermoplastic Elastomers Market by Type
9.2.5.4.2 United Kingdom Thermoplastic Elastomers Market by End-Use Industry
9.2.5.5 Russia Thermoplastic Elastomers Market
9.2.5.5.1 Russia Thermoplastic Elastomers Market by Type
9.2.5.5.2 Russia Thermoplastic Elastomers Market by End-Use Industry
9.2.5.6 Rest of Europe Thermoplastic Elastomers Market
9.2.5.6.1 Rest of Europe Thermoplastic Elastomers Market by Type
9.2.5.6.2 Rest of Europe Thermoplastic Elastomers Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Thermoplastic Elastomers Market Overview
9.3.2 Asia-Pacific Thermoplastic Elastomers Market Forecasts and Analysis
9.3.3 Asia-Pacific Thermoplastic Elastomers Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Thermoplastic Elastomers Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Thermoplastic Elastomers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Thermoplastic Elastomers Market
9.3.5.1.1 Australia Thermoplastic Elastomers Market by Type
9.3.5.1.2 Australia Thermoplastic Elastomers Market by End-Use Industry
9.3.5.2 China Thermoplastic Elastomers Market
9.3.5.2.1 China Thermoplastic Elastomers Market by Type
9.3.5.2.2 China Thermoplastic Elastomers Market by End-Use Industry
9.3.5.3 India Thermoplastic Elastomers Market
9.3.5.3.1 India Thermoplastic Elastomers Market by Type
9.3.5.3.2 India Thermoplastic Elastomers Market by End-Use Industry
9.3.5.4 Japan Thermoplastic Elastomers Market
9.3.5.4.1 Japan Thermoplastic Elastomers Market by Type
9.3.5.4.2 Japan Thermoplastic Elastomers Market by End-Use Industry
9.3.5.5 South Korea Thermoplastic Elastomers Market
9.3.5.5.1 South Korea Thermoplastic Elastomers Market by Type
9.3.5.5.2 South Korea Thermoplastic Elastomers Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Thermoplastic Elastomers Market
9.3.5.6.1 Rest of Asia-Pacific Thermoplastic Elastomers Market by Type
9.3.5.6.2 Rest of Asia-Pacific Thermoplastic Elastomers Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Thermoplastic Elastomers Market Overview
9.4.2 Middle East and Africa Thermoplastic Elastomers Market Forecasts and Analysis
9.4.3 Middle East and Africa Thermoplastic Elastomers Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Thermoplastic Elastomers Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Thermoplastic Elastomers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Thermoplastic Elastomers Market
9.4.5.1.1 South Africa Thermoplastic Elastomers Market by Type
9.4.5.1.2 South Africa Thermoplastic Elastomers Market by End-Use Industry
9.4.5.2 Saudi Arabia Thermoplastic Elastomers Market
9.4.5.2.1 Saudi Arabia Thermoplastic Elastomers Market by Type
9.4.5.2.2 Saudi Arabia Thermoplastic Elastomers Market by End-Use Industry
9.4.5.3 U.A.E Thermoplastic Elastomers Market
9.4.5.3.1 U.A.E Thermoplastic Elastomers Market by Type
9.4.5.3.2 U.A.E Thermoplastic Elastomers Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Thermoplastic Elastomers Market
9.4.5.4.1 Rest of Middle East and Africa Thermoplastic Elastomers Market by Type
9.4.5.4.2 Rest of Middle East and Africa Thermoplastic Elastomers Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Thermoplastic Elastomers Market Overview
9.5.2 South and Central America Thermoplastic Elastomers Market Forecasts and Analysis
9.5.3 South and Central America Thermoplastic Elastomers Market Forecasts and Analysis - By Type
9.5.4 South and Central America Thermoplastic Elastomers Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Thermoplastic Elastomers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Thermoplastic Elastomers Market
9.5.5.1.1 Brazil Thermoplastic Elastomers Market by Type
9.5.5.1.2 Brazil Thermoplastic Elastomers Market by End-Use Industry
9.5.5.2 Argentina Thermoplastic Elastomers Market
9.5.5.2.1 Argentina Thermoplastic Elastomers Market by Type
9.5.5.2.2 Argentina Thermoplastic Elastomers Market by End-Use Industry
9.5.5.3 Rest of South and Central America Thermoplastic Elastomers Market
9.5.5.3.1 Rest of South and Central America Thermoplastic Elastomers Market by Type
9.5.5.3.2 Rest of South and Central America Thermoplastic Elastomers Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. THERMOPLASTIC ELASTOMERS MARKET, KEY COMPANY PROFILES
11.1. ARKEMA SA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COVESTRO AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DUPONT DE NEMOURS, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EVONIK INDUSTRIES AG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HUNTSMAN CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KRATON CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LUBRIZOL CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TEKNOR APEX
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOSOH CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Arkema SA
2. BASF SE
3. Covestro AG
4. DuPont de Nemours, Inc.
5 . Evonik Industries AG
6. Huntsman Corporation
7. Kraton Corporation
8. Lubrizol Corporation
9. Teknor Apex
10. Tosoh Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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