Thermoplastic Elastomer Market is expected to reach US$ 40.7 Billion by 2031 | Major Companies - Arkema S.A., Asahi Kasei Corporation, BASF SE, Dow, Huntsman International LLC

Market Size and Growth:

The Global Thermoplastic Elastomer Market size reached US$ 26.5 Billion in 2023 and is expected to reach US$ 40.7 Billion by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031.

The Thermoplastic Elastomer (TPE) Market refers to the global industry focused on the production, distribution, and application of elastomeric materials that combine the flexibility of rubber with the processability of plastics. TPEs can be melted, molded, and recycled, making them cost-effective and versatile for manufacturing. They are widely used in automotive components, medical devices, consumer goods, footwear, construction, and electronics. Market growth is driven by demand for lightweight materials, sustainability trends, and advancements in polymer technology.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID): https://datamintelligence.com/download-sample/thermoplastic-elastomer-market?sz

Recent Key Developments of United States:

✅ November 2025: US TPE manufacturers launched bio-based thermoplastic elastomers tailored for electric vehicle battery seals, improving sustainability and performance.​

✅ October 2025: A major expansion in TPE production capacity was announced by leading firms to meet rising automotive sector demand.​

✅ September 2025: Regulatory approvals accelerated for recycled TPE compounds in medical devices, boosting healthcare applications.​

Recent Key Developments of Japan:

✅ November 2025: Japanese companies introduced advanced TPE formulations with enhanced heat resistance for semiconductor manufacturing equipment.​

✅ October 2025: Collaborations between TPE producers and automakers focused on lightweight TPEs for next-gen hybrid vehicles.​

✅ September 2025: Investments in sustainable TPE recycling technologies gained momentum amid government green initiatives.​

List of the Key Players in the Thermoplastic Elastomer Market:

Arkema S.A.
Asahi Kasei Corporation
BASF SE
Dow
Huntsman International LLC
The Lubrizol Corporation
Kraton Corporation
Evonik Industries AG
SIBUR Holding PJSC
Teknor Apex.

Speak to Our Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/thermoplastic-elastomer-market?sz

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Thermoplastic Elastomer Market:

By Type: Styrene Block Copolymer (SBC), Thermoplastic Polyurethane (TPU), Thermoplastic Polyolefin (TPO), Thermoplastic Vulcanizate (TPV), Polyester Ether Elastomer (COPE), Polyether Block Amide (PEBA).

By Application: Automotive, Building & Construction, Footwear, Wire & Cable, Medical, Industrial Engineering, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

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

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Looking For Full Report? Get it Here: https://www.datamintelligence.com/buy-now-page?report=thermoplastic-elastomer-market

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Thermoplastic Elastomer market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Thermoplastic Elastomer Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Thermoplastic Elastomer market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Thermoplastic Elastomer Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription

People Also Ask:

◆ How big is the Thermoplastic Elastomer Market in 2025?
◆ What is the projected growth rate of the Thermoplastic Elastomer Market through 2033?
◆ Who are the key players in the Thermoplastic Elastomer Market?
◆ Which region is expected to dominate the industry during the forecast period?

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.