Press release
Thermoplastic Elastomer Market Growth at 5.08% CAGR to Achieve USD 46.19 Billion by 2031 | Mordor Intelligence
Thermoplastic Elastomer Market
Thermoplastic Elastomer Market Overview
The thermoplastic elastomer market size [https://www.mordorintelligence.com/industry-reports/thermoplastic-elastomers-tpe-market?utm_source=abnewswire] is estimated at USD 36.04 billion in 2026 and is projected to reach USD 46.19 billion by 2031, reflecting a 5.08% CAGR. Demand is supported by automotive lightweighting, medical device manufacturing, and increased use of recyclable materials in consumer products and electronics.
Growth is also linked to rising electric vehicle production, healthcare safety requirements, and improved building insulation systems. TPE materials are widely used in cable insulation, seals, tubing, footwear components, and electronic device housings. Overall, the Thermoplastic Elastomer Market Growth outlook remains stable as industries seek durable, flexible, and reusable materials.
Key Thermoplastic Elastomer Market Trends
Growing Use in Electric Vehicles and Automotive Components
The automotive sector remains a major contributor to the Thermoplastic Elastomer Market Growth. Electric vehicles require lightweight materials for cable insulation, connectors, seals, and vibration-control parts. They are also used in cooling lines, battery components, and interior soft-touch surfaces. As vehicle electrification expands, manufacturers are increasing the use of flexible and recyclable materials, strengthening overall Thermoplastic Elastomer Market Share.
Rising Adoption in Healthcare and Medical Devices
Healthcare applications are becoming an important part of the Thermoplastic Elastomer Market Forecast. Hospitals and medical device companies are replacing latex and certain plasticized materials with safer alternatives. The demand for single-use medical products and biocompatible materials continues to support the Thermoplastic Elastomer Industry.
Expansion in Consumer Electronics and Wearable Devices
Consumer electronics manufacturers prefer materials that combine flexibility with good appearance. TPE provides soft-touch surfaces, impact resistance, and precise molding, making it suitable for smartphone components, earbuds, smartwatches, and protective housings. As devices become smaller and more compact, thin sealing parts and flexible covers are increasingly made using thermoplastic elastomers, reinforcing key Thermoplastic Elastomer Market Trends.
Discover how market shifts are impacting your region-check out the full report and the Japanese version for local relevance - [https://www.mordorintelligence.com/ja/industry-reports/thermoplastic-elastomers-tpe-market?utm_source=abnewswire]
Thermoplastic Elastomer Market Segmentation Categorization
By product type:
* Styrenic block copolymers
* Thermoplastic olefins
* Thermoplastic vulcanizates
* Thermoplastic polyurethane
* Thermoplastic copolyester
* Thermoplastic polyamide
By application:
* Automotive and transportation
* Building and construction
* Footwear
* Electrical and electronics
* Medical
* Other uses including household goods and HVAC
By geography:
* Asia-Pacific
* North America
* Europe
* South America
* Middle East and Africa
Major Market Participants in the Thermoplastic Elastomer Industry
* Exxon Mobil Corporation
* Arkema
* LG Chem
* LyondellBasell Industries Holdings B.V.
* Kraton Corporation
Explore more insights on Thermoplastic Elastomer competitive landscape: [https://www.mordorintelligence.com/industry-reports/thermoplastic-elastomers-tpe-market/companies?utm_source=abnewswire]
Conclusion:
The outlook for the Thermoplastic Elastomer Market remains positive as industries move toward lighter, safer, and more sustainable materials. Automotive electrification, medical device expansion, and modern building systems are supporting long-term demand.
Overall, the Thermoplastic Elastomer Market Forecast indicates steady adoption driven by material versatility and growing regulatory requirements. As industries prioritize efficiency, durability, and sustainability, the Thermoplastic Elastomer Market Growth trajectory is expected to continue, strengthening the role of TPE materials in modern manufacturing.
For more insights on Thermoplastic Elastomer Market, please visit the Mordor Intelligence Page: [https://www.mordorintelligence.com/industry-reports/thermoplastic-elastomers-tpe-market?utm_source=abnewswire]
Industry Related Reports:
Asia-Pacific Thermoplastics Market
The Asia-Pacific Thermoplastics Market is projected to register a CAGR of over 6% during the forecast period, supported by rapid industrialization, expanding packaging demand, and strong automotive and electronics manufacturing across China, India, and Southeast Asia. Infrastructure investments and the growing shift toward lightweight, recyclable materials are further strengthening regional consumption trends.
[https://www.mordorintelligence.com/industry-reports/asia-pacific-thermoplastics-market?utm_source=abnewswire]
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com
Media Contact
Company Name: Mordor Intelligence Private Limited
Contact Person: Jignesh Thakkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=thermoplastic-elastomer-market-growth-at-508-cagr-to-achieve-usd-4619-billion-by-2031-mordor-intelligence]
Phone: +1 617-765-2493
Address:11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli
City: Hyderabad
State: Telangana 500008
Country: India
Website: https://www.mordorintelligence.com/industry-reports/thermoplastic-elastomers-tpe-market
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thermoplastic Elastomer Market Growth at 5.08% CAGR to Achieve USD 46.19 Billion by 2031 | Mordor Intelligence here
News-ID: 4399754 • Views: …
More Releases from ABNewswire
Snack Bars Market Size to Reach USD 32.66 Billion by 2031 as Health, Convenience …
Mordor Intelligence highlights sustained expansion in the snack bars market, fueled by rising demand for functional nutrition, portable meal replacements, and premium ingredient innovation.
Snack Bars Market Outlook
According to a research report by Mordor Intelligence, the global snack bars market size [https://www.mordorintelligence.com/industry-reports/global-snack-bars-market?utm_source=abnewswire] was valued at USD 21.94 billion in 2026 and is projected to reach USD 32.66 billion by 2031, registering a CAGR of 8.28% during the forecast period. The strong…
Bus Market Size to Reach USD 154.78 Billion by 2031, Driven by Electrification M …
Mordor Intelligence has published a new report on the bus market, offering a comprehensive analysis of trends, growth drivers, and future projections.
Market Overview
According to Mordor Intelligence, the bus market size [https://www.mordorintelligence.com/industry-reports/bus-market?utm_source=abnewswire] was valued at USD 109.89 billion in 2026 and is projected to reach USD 154.78 billion by 2031, registering a CAGR of 7.09% during the forecast period. The global bus market continues to expand as governments prioritize public transport,…
NASDAQ Small-Caps in Focus: SNYR, RXT, CDIO, HTLM, KOS - Value Plays Gaining Mom …
As investors search for "top NASDAQ growth stocks 2026," "small-cap breakout stocks," and "functional beverage market growth," several emerging names are gaining traction across financial platforms.
Among them, Synergy CHC Corp. (NASDAQ: SNYR) stands out with the nationwide rollout of FocusFactor Registered Ready-to-Drink Beverage, entering the multi-billion-dollar U.S. energy drink and functional beverage market.
Unlike early-stage beverage startups, Synergy is leveraging its 25-year FOCUSfactor Registered supplement legacy and existing national distribution across…
Threat Hunting Market 2029: Future Scope, New Trends, Emerging Leaders, Applicat …
Threat Hunting Market Size, Share, Growth Analysis, By Offering (Tools, Service), Threat Type, Deployment Mode, Organization Size, Vertical (BFSI, Healthcare, IT&ITEs Government) and Region - Global Industry Forecast to 2029.
The threat-hunting market [https://www.marketsandmarkets.com/Market-Reports/threat-hunting-market-264230029.html?utm_campaign=threathuntingmarket&utm_source=abnewswire.com&utm_medium=referral] is expected to expand dramatically, according to MarketsandMarkets. At a compound annual growth rate (CAGR) of 14.9%, it is anticipated to reach a value of around USD 6.9 billion by 2029 from USD 3.4 billion in 2024.…
More Releases for Thermoplastic
Thermoplastic Filler Market Size Analysis by Application, Type, and Region: Fore …
USA, New Jersey- According to Market Research Intellect, the global Thermoplastic Filler market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The Thermoplastic Filler Market is experiencing steady growth, driven by increasing demand across industries such as automotive, construction, and packaging. These fillers are widely used…
Thermoplastic Elastomer Market Size And Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- Thermoplastic Elastomer Market size was valued at USD 26.70 Billion in 2021 and is projected to reach USD 41.78 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030.
The thermoplastic elastomer (TPE) market has witnessed significant growth in recent years due to its versatility and the increasing demand for eco-friendly, high-performance materials across a wide range of industries. TPEs combine the elasticity of rubber…
Thermoplastic Valves Market Business Strategies and Challenges, Growth Drivers t …
CALIFORNIA, (UNITED STATES) - According to QYResearch New Study Report 'Thermoplastic Valves Market 2024' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the particular…
Thermoplastic Elastomers (TPEs) and Thermoplastic Vulcanizates (TPVs) Market Siz …
LP INFORMATION offers a latest published report on Thermoplastic Elastomers (TPEs) and Thermoplastic Vulcanizates (TPVs) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Thermoplastic Elastomers (TPEs) and Thermoplastic Vulcanizates (TPVs) market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million…
Thermoplastic Elastomers (TPE) Market Segmentation by Product Types (Styrene-bas …
Thermoplastic Elastomers (TPE) Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers, and the current and future trends. 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…
Thermoplastic Elastomers (TPE) Market | By Product | Thermoplastic Polyolefins , …
The Thermoplastic Elastomers (TPE) market research report recently published by Crystal Market Research Reports offers a detailed study of Thermoplastic Elastomers (TPE) industry across the globe with prime focus on major regions including North America, Europe, and Asia. Intially, the report covers basic information related to Thermoplastic Elastomers (TPE) market such as Thermoplastic Elastomers (TPE) definition, product types, range of applications, supply and demand analysis of Thermoplastic Elastomers (TPE) industry.
The…
