Global Thermoplastic Elastomers (TPE) Market Growth 2025-2031

Global Thermoplastic Elastomers (TPE) Market Growth 2025-2031

The global Thermoplastic Elastomers (TPE) market size is predicted to grow from US$ 14510 million in 2025 to US$ 18970 million in 2031; it is expected to grow at a CAGR of 4.6% from 2025 to 2031.

Thermoplastic Elastomers are the class of polymers which consist of thermoplastics and elastomeric properties. Thermoplastic elastomers consist of several properties such as high flexibility, slip resistance, electric absorption, ergonomic comfort and soft texture.

Global Thermoplastic Elastomers (TPE) key players include DuPont, Arkema SA, ExxonMobil, DOW Chemical, etc.

North America is the largest market, with a share about 30%, followed by China, and Europe, both have a share about 50 percent.

In terms of product, Styrene-based TPE (SBCs) is the largest segment, with a share about 40%. And in terms of application, the largest application is Footwear, followed by Automobile, Building and construction, etc.

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

This Insight Report provides a comprehensive analysis of the global Thermoplastic Elastomers (TPE) 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) 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) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoplastic Elastomers (TPE) 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).

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

Segmentation by Type:
Styrene-based TPE (SBCs)
Thermoplastic Polyolefins
Thermoplastic Polyurethanes
Polyether Ester TPE(TPEE)
Others

Segmentation by Application:
Footwear
Automobile
Building and 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
DOW Chemical
BASF SE
Dynasol
LG Chem
PolyOne
Asahi Chemical
Versalis
Mitsubishi
Sibur
Chevron Phillips
Kumho Petrochemical
DuPont
ExxonMobil
JSR
Kuraray
Arkema SA
Sinopec
Lee Chang Yung
TSRC
CNPC
ChiMei
INEOS Styrolution
Avient Corporation
HEXPOL
LCY Technology Corp
Ningbo Changhong Polymer Scientific & Technical

Key Questions Addressed in this Report

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

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

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

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

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

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