Global Thermoplastic Elastomers (TPE) Compounds Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Thermoplastic Elastomers (TPE) Compounds Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Thermoplastic Elastomers (TPE) Compounds market size was valued at US$ 17120 million in 2024 and is forecast to a readjusted size of USD 24100 million by 2031 with a CAGR of 5.1% during review period.

The Thermoplastic Elastomers (TPE) Compounds market covers Styrenic Block Copolymers (TPS or TPE-S), Thermoplastic Vulcanizates (TPV), etc. The typical players include Kraton Polymers, Dynasol, LG Chem, INEOS Styrolution, etc. Thermoplastic elastomers can be divided into two types: reactor-made TPEs (e.g. TPA, TPU, and TPC) and TPE compounds (e.g. TPS or TPV). The properties of reactor-made TPEs are implemented in one polymer. The properties of TPE compounds result from mixing two polymers to form a so-called compound. TPE compounds that are compounded using at least two different types of polymers. One polymer type adds elastic properties to the compound, the other one provides thermoplastic properties.

The properties of TPE compounds result from mixing two polymers to form a so-called compound. TPE compounds that are compounded using at least two different types of polymers. One polymer type adds elastic properties to the compound, the other one provides thermoplastic properties. TPE compounds include Styrenic Block Copolymers (TPS or TPE-S), Thermoplastic Vulcanizates (TPV), Thermoplastic elastomer hybrids (TEH).

Thermoplastic Elastomers (TPE) Compounds is widely used for Footwear, Automobile, Building & Construction and Other. In Thermoplastic Elastomers (TPE) Compounds market, the Automobile Industry holds an important share in terms of Application and accounts for about 39% of the market share.

Asia-Pacific is the largest consumption place, with a consumer market share of nearly 50% in 2023. It is followed by the Americas, the second largest consumer, with a consumer market share of 26%.

Kraton Polymers, INEOS Styrolution, Sinopec, LCY Technology Corp, Avient Corporation, etc. are the leaders of the industry, with high-end customers. The top five manufacturers held 39% of the market, in terms of Thermoplastic Elastomers (TPE) Compounds revenue in 2023.

With the development of the global economy and the advancement of science and technology, TPE compounds have broad development prospects and are expected to play a more important role in the field of materials science in the future.

This report is a detailed and comprehensive analysis for global Thermoplastic Elastomers (TPE) Compounds market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Thermoplastic Elastomers (TPE) Compounds market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Thermoplastic Elastomers (TPE) Compounds market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Thermoplastic Elastomers (TPE) Compounds market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Thermoplastic Elastomers (TPE) Compounds market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Thermoplastic Elastomers (TPE) Compounds

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Thermoplastic Elastomers (TPE) Compounds market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kraton Polymers, Dynasol, LG Chem, INEOS Styrolution, Avient Corporation, Asahi Chemical, Versalis, Mitsubishi Chemical, Sibur, Kumho Petrochemical, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Thermoplastic Elastomers (TPE) Compounds market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Styrenic Block Copolymers (TPS or TPE-S)
Thermoplastic Vulcanizates (TPV)
Others

Market segment by Application
Footwear
Automobile
Building & Construction
Others

Major players covered
Kraton Polymers
Dynasol
LG Chem
INEOS Styrolution
Avient Corporation
Asahi Chemical
Versalis
Mitsubishi Chemical
Sibur
Kumho Petrochemical
Celanese (ExxonMobil)
Eneos (JSR)
Kuraray
DuPont
HEXPOL
Sinopec
LCY Technology Corp
Taiwan Synthetic Rubber Corp
CNPC
CHIMEI
Ningbo Changhong Polymer Scientific & Technical Inc.

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Thermoplastic Elastomers (TPE) Compounds product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Thermoplastic Elastomers (TPE) Compounds, with price, sales quantity, revenue, and global market share of Thermoplastic Elastomers (TPE) Compounds from 2020 to 2025.

Chapter 3, the Thermoplastic Elastomers (TPE) Compounds competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Thermoplastic Elastomers (TPE) Compounds breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Thermoplastic Elastomers (TPE) Compounds market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Thermoplastic Elastomers (TPE) Compounds.

Chapter 14 and 15, to describe Thermoplastic Elastomers (TPE) Compounds sales channel, distributors, customers, research findings and conclusion.