Global Thermoplastic Elastomers (TPE) Compounds Market Growth 2025-2031

Global Thermoplastic Elastomers (TPE) Compounds Market Growth 2025-2031

The global Thermoplastic Elastomers (TPE) Compounds market size is predicted to grow from US$ 17030 million in 2025 to US$ 23330 million in 2031; it is expected to grow at a CAGR of 5.4% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Thermoplastic Elastomers (TPE) Compounds Industry Forecast” looks at past sales and reviews total world Thermoplastic Elastomers (TPE) Compounds sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermoplastic Elastomers (TPE) Compounds sales for 2025 through 2031. With Thermoplastic Elastomers (TPE) Compounds sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermoplastic Elastomers (TPE) Compounds industry.

This Insight Report provides a comprehensive analysis of the global Thermoplastic Elastomers (TPE) Compounds landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermoplastic Elastomers (TPE) Compounds portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermoplastic Elastomers (TPE) Compounds market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoplastic Elastomers (TPE) Compounds and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermoplastic Elastomers (TPE) Compounds.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermoplastic Elastomers (TPE) Compounds market by product type, application, key manufacturers and key regions and countries.

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

Segmentation by Application:
Footwear
Automobile
Building & Construction
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermoplastic Elastomers (TPE) Compounds market?

What factors are driving Thermoplastic Elastomers (TPE) Compounds market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermoplastic Elastomers (TPE) Compounds market opportunities vary by end market size?

How does Thermoplastic Elastomers (TPE) Compounds break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.