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 Pla

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), and Polyolefin Elastomers (POE’s)), by Application (Automotive Parts, Wires & Cables, Coating, Adhesive & Sealant, Paving & Roofing, Housewares & Appliances, and Others), by End-use Industry (Building & Construction, Automotive, Packaging, Footwear, Consumer Electronics, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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


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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