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Thermoplastic Elastomers Market Size, Share & Trends Analysis Report by Application (Automotive, Industrial, Medical), Material (Poly Styrenes, Poly Olefins), Region, and Segment Forecasts, 2024-2030

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  • 100 Pages
  • October 2024
  • Region: Global
  • Grand View Research
  • ID: 6024670
Description Jump to:
The global thermoplastic elastomers market size is anticipated to reach USD 40.9 billion by 2030 and is expected to expand at a CAGR of 7.4% from 2024 to 2030. The automotive sector is experiencing a significant surge in TPE adoption, particularly in lightweight and fuel-efficient vehicles. Due to their exceptional lightweight properties, flexibility, and durability, TPEs are used in bumpers, seals, and interior parts.

The consumer electronics industry is witnessing a surge in TPE adoption, driven by the increasing demand for advanced technologies in electronic devices. Due to their unique properties, flexibility, durability, and aesthetic appeal, TPEs are utilized in mobile phone cases, cables, connectors, and various electronic components. Additionally, the trend towards lightweight and portable electronic devices has led manufacturers to opt for TPEs, which provide a smooth finish, resistance to wear and tear, and ease of processing.

The growing focus on sustainability also influences the market, with increased demand for bio-based TPEs that support environmental protection initiatives. The Asia-Pacific region is poised to lead in TPE consumption, driven by its robust manufacturing base and rapid market growth. Technological advancements in production processes and material formulations have also improved the performance characteristics of TPEs, making them more appealing for diverse applications.

Thermoplastic Elastomers Market Report Highlights

  • Based on application, the automotive sector dominated the market in 2023, accounting for 40.7% of the revenue share, fueled by the demand for TPEs in-vehicle components
  • The medical industry is expected to witness the fastest growth in TPE demand with a CAGR of 9.0% over the forecast period, owing to the growing demand for medical devices
  • Based on material, the poly styrenes segment dominated the market with a 31.6% revenue share in 2023, driven by its versatility in packaging, consumer goods, and automotive, offering a unique balance of flexibility, durability, and cost efficiency
  • Poly amides are projected to grow at the fastest CAGR of 8.8% over the forecast period owing to their exceptional rigidity, flexibility, and thermal and mechanical performance in demanding environments in industrial applications
  • Market players operating in the market include BASF SE; Arkema; DuPont; Covestro AG; China Petrochemical Corporation; Dynasol Elastomers; EMS-CHEMIE HOLDING AG; and Evonik Industries, among others

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
  • Competitive Landscape: Explore the market presence of key players worldwide
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

The leading players in the Thermoplastic Elastomers market include:

  • BASF SE
  • Arkema
  • DuPont
  • Covestro AG
  • China Petrochemical Corporation
  • Dynasol Elastomerss
  • EMS-CHEMIE HOLDING AG
  • Evonik Industries
  • LG Chem
  • LCY Chemical Corporation
  • Lubrizol Corporation
  • LyondellBasell Industries
  • Tosoh Corporation
  • Avient Corporation
  • Teknor APEX Company
  • The Dow Chemical Company
  • TSRC Corporation

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Information procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4. Research Scope And Assumptions
1.4.1. List To Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot 2023
2.2. Segment Snapshot
2.3. Segment Snapshot
2.4. Competitive Landscape Snapshot
Chapter 3. Thermoplastic Elastomers Market Variables and Trends
3.1. Market Lineage Outlook
3.1.1. Global Plastics Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.1.1. Increasing Adoption Of Bio-Based Tpes
3.3.1.2. High-Performance Thermoplastic Elastomers
3.3.1.3. Supply Chain Stability And Diversification
3.4. Technology Trends
3.5. Regulatory Framework
3.5.1. Price Trend Analysis, 2018 - 2030
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.1.1. Increasing Demand For Thermoplastic Elastomers From Automotive Industry
3.6.1.2. Rising Global Demand For Consumer Electronics
3.6.2. Market Restraint Analysis
3.6.2.1. Volatile Raw Material Prices
3.6.3. Industrial Opportunity Analysis
3.6.4. Industrial Challenge Analysis
3.7. Market Business Environment Analysis
3.7.1. Industry Analysis: Porter’s Five Forces Model
3.7.2. Macroeconomic Environment Analysis
Chapter 4. Thermoplastic Elastomers Market: Application Estimates & Trend Analysis
4.1. Application Movement Analysis & Market Share Volume, 2023 & 2030
4.2. Application Movement Analysis & Market Share Revenue, 2023 & 2030
4.3. Thermoplastic Elastomers Market Estimates & Forecasts, By Application (Kilotons) (Usd Million)
4.3.1. Automotive
4.3.1.1. Automotive Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
4.3.2. Electrical & Electronics
4.3.2.1. Electrical & Electronics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
4.3.3. Industrial
4.3.3.1. Industrial Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
4.3.4. Medical
4.3.4.1. Medical Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
4.3.5. Consumer Goods
4.3.5.1. Consumer Goods Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
4.3.6. Others
4.3.6.1. Others Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
Chapter 5. Thermoplastic Elastomers Market: Component Estimates & Trend Analysis
5.1. Material Movement Analysis & Market Share Volume, 2023 & 2030
5.2. Material Movement Analysis & Market Share Revenue, 2023 & 2030
5.3. Thermoplastic Elastomers Market Estimates & Forecasts, By Material (Kilotons) (Usd Million)
5.3.1. Poly Styrenes
5.3.1.1. Poly Styrenes Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
5.3.2. Poly Olefins
5.3.2.1. Poly Olefins Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
5.3.3. Poly Ether Imides
5.3.3.1. Poly Ether Imides Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
5.3.4. Poly Urethanes
5.3.4.1. Poly Urethanes Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
5.3.5. Poly Esters
5.3.5.1. Poly Esters Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
5.3.6. Poly Amides
5.3.6.1. Poly Amides Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
Chapter 6. Thermoplastic Elastomers Market: Regional Estimates & Trend Analysis
6.1. Thermoplastic Elastomers Market: Regional Outlook
6.2. North America
6.2.1. North America Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.2.2. U.S.
6.2.2.1. U.S. Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.2.3. Canada
6.2.3.1. Canada Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.2.4. Mexico
6.2.4.1. Mexico Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.3. Europe
6.3.1. Europe Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.3.2. Germany
6.3.2.1. Germany Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.3.3. France
6.3.3.1. France Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.3.4. Uk
6.3.4.1. Uk Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.3.5. Italy
6.3.5.1. Italy Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.4. Asia Pacific
6.4.1. Asia Pacific Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.4.2. China
6.4.2.1. China Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.4.3. India
6.4.3.1. India Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.4.4. Japan
6.4.4.1. Japan Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.5. Central & South America
6.5.1. Central & South America Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.5.2. Brazil
6.5.2.1. Brazil Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.6. Middle East And Africa
6.6.1. Middle East And Africa Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
6.6.2. Saudi Arabia
6.6.2.1. Saudi Arabia Thermoplastic Elastomers Market Estimates And Forecasts, 2018 - 2030 (Kilotons) (Usd Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis By Key Market Participants
7.2. Company Categorization
7.3. Vendor Landscape
7.3.1. List Of Key Distributors & Channel Partners
7.3.2. List Of Key Potential Customers/End Users
7.4. Company Heat Map Analysis
7.5. Company Profiles
7.5.1. BASF SE
7.5.1.1. Participant’s Overview
7.5.1.2. Financial Performance
7.5.1.3. Product Benchmarking
7.5.1.4. Recent Developments/Strategic Initiatives
7.5.2. Arkema
7.5.2.1. Participant’s Overview
7.5.2.2. Financial Performance
7.5.2.3. Product Benchmarking
7.5.2.4. Recent Developments/Strategic Initiatives
7.5.3. DuPont
7.5.3.1. Participant’s Overview
7.5.3.2. Financial Performance
7.5.3.3. Product Benchmarking
7.5.3.4. Recent Developments/Strategic Initiatives
7.5.4. Covestro AG
7.5.4.1. Participant’s Overview
7.5.4.2. Financial Performance
7.5.4.3. Product Benchmarking
7.5.4.4. Recent Developments/Strategic Initiatives
7.5.5. China Petrochemical Corporation
7.5.5.1. Participant’s Overview
7.5.5.2. Financial Performance
7.5.5.3. Product Benchmarking
7.5.5.4. Recent Developments/Strategic Initiatives
7.5.6. Dynasol Elastomerss
7.5.6.1. Participant’s Overview
7.5.6.2. Financial Performance
7.5.6.3. Product Benchmarking
7.5.6.4. Recent Developments/Strategic Initiatives
7.5.7. EMS-CHEMIE HOLDING AG
7.5.7.1. Participant’s Overview
7.5.7.2. Financial Performance
7.5.7.3. Product Benchmarking
7.5.7.4. Recent Developments/Strategic Initiatives
7.5.8. Evonik Industries
7.5.8.1. Participant’s Overview
7.5.8.2. Financial Performance
7.5.8.3. Product Benchmarking
7.5.8.4. Recent Developments/Strategic Initiatives
7.5.9. Kraton Polymers LLC
7.5.9.1. Participant’s Overview
7.5.9.2. Financial Performance
7.5.9.3. Product Benchmarking
7.5.9.4. Recent Developments/Strategic Initiatives
7.5.10. LG Chem
7.5.10.1. Participant’s Overview
7.5.10.2. Financial Performance
7.5.10.3. Product Benchmarking
7.5.10.4. Recent Developments/Strategic Initiatives
7.5.11. LCY Chemical Corporation
7.5.11.1. Participant’s Overview
7.5.11.2. Financial Performance
7.5.11.3. Product Benchmarking
7.5.11.4. Recent Developments/Strategic Initiatives
7.5.12. Lubrizol Corporation
7.5.12.1. Participant’s Overview
7.5.12.2. Financial Performance
7.5.12.3. Product Benchmarking
7.5.12.4. Recent Developments/Strategic Initiatives
7.5.13. LyondellBasell Industries
7.5.13.1. Participant’s Overview
7.5.13.2. Financial Performance
7.5.13.3. Product Benchmarking
7.5.13.4. Recent Developments/Strategic Initiatives
7.5.14. Tosoh Corporation
7.5.14.1. Participant’s Overview
7.5.14.2. Financial Performance
7.5.14.3. Product Benchmarking
7.5.14.4. Recent Developments/Strategic Initiatives
7.5.15. Avient Corporation
7.5.15.1. Participant’s Overview
7.5.15.2. Financial Performance
7.5.15.3. Product Benchmarking
7.5.15.4. Recent Developments/Strategic Initiatives
7.5.16. Teknor APEX Company
7.5.16.1. Participant’s Overview
7.5.16.2. Financial Performance
7.5.16.3. Product Benchmarking
7.5.16.4. Recent Developments/Strategic Initiatives
7.5.17. The Dow Chemical Company
7.5.17.1. Participant’s Overview
7.5.17.2. Financial Performance
7.5.17.3. Product Benchmarking
7.5.17.4. Recent Developments/Strategic Initiatives
7.5.18. TSRC Corporation
7.5.18.1. Participant’s Overview
7.5.18.2. Financial Performance
7.5.18.3. Product Benchmarking
7.5.18.4. Recent Developments/Strategic Initiatives
List of Tables
Table 1 Thermoplastic Elastomers Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons)
Table 2 Thermoplastic Elastomers Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
Table 3 Thermoplastic Elastomers Market Estimates and Forecasts, by Material, 2018 - 2030 (Kilotons)
Table 4 Thermoplastic Elastomers Market Estimates and Forecast, by Material, 2018 - 2030 (USD Million)
Table 5 North America Thermoplastic Elastomers Market Revenue, 2018 - 2030 (Kilotons) (USD Million)
Table 6 North America Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 7 North America Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 8 U.S. Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 9 U.S. Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 10 Canada Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 11 Canada Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 12 Europe Thermoplastic Elastomers Market Revenue, 2018 - 2030 (Kilotons) (USD Million)
Table 13 Europe Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 14 Europe Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 15 Germany Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 16 Germany Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 17 France Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 18 France Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 19 UK Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 20 UK Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 21 Italy Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 22 Italy Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 23 Asia Pacific Thermoplastic Elastomers Market Revenue, 2018 - 2030 (Kilotons) (USD Million)
Table 24 Asia Pacific Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 25 Asia Pacific Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 26 China Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 27 China Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 28 India Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 29 India Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 30 Japan Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 31 Japan Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 32 Central & South America Thermoplastic Elastomers Market Revenue, 2018 - 2030 (Kilotons) (USD Million)
Table 33 Central & South America Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 34 Central & South America Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 35 Brazil Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 36 Brazil Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 37 Middle East & Africa Thermoplastic Elastomers Market Revenue, 2018 - 2030 (Kilotons) (USD Million)
Table 38 Middle East & Africa Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 39 Middle East & Africa Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 40 Saudi Arabia Thermoplastic Elastomers Market Revenue by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 41 Saudi Arabia Thermoplastic Elastomers Market Revenue by Material, 2018 - 2030 (Kilotons) (USD Million)
Table 42 Recent Developments & Impact Analysis, by Key Market Participants
Table 43 Company Heat Map Analysis
Table 44 Key companies undergoing expansion
Table 45 Key companies involved in product launches
Table 46 Key companies involved in Partnerships & Collaborations
Table 47 Key companies involved in M&A
List of Figures
Fig. 1 Thermoplastic Elastomers Market Segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market snapshot, 2023
Fig. 7 Segment snapshot, 2023
Fig. 8 Segment snapshot, 2023
Fig. 9 Competitive Landscape Snapshot, 2023
Fig. 10 Plastics Market vs Thermoplastic Elastomers Market, 2023 (USD Million)
Fig. 11 Thermoplastic Elastomers Market-Penetration & Growth Prospect Mapping
Fig. 12 Thermoplastic Elastomers Market-Industry Value Chain Analysis
Fig. 13 Price Trend Analysis, 2018 - 2030
Fig. 14 Thermoplastic Elastomers Market Dynamics
Fig. 15 Global Automotive Production, 2019 - 2023 (Units)
Fig. 16 Brent and West Texas Intermediate (WTI) Global Crude Oil Prices, 2018 - 2023 (USD/Barrel)
Fig. 17 Thermoplastic Elastomers Market: PORTER’s Analysis
Fig. 18 Thermoplastic Elastomers Market: PESTEL Analysis
Fig. 19 Thermoplastic Elastomers Market, by Application: Key Takeaways
Fig. 20 Thermoplastic Elastomers Market, by Application: Market Share Volume, 2023 & 2030
Fig. 21 Thermoplastic Elastomers Market, by Application: Market Share Revenue, 2023 & 2030
Fig. 22 Thermoplastic Elastomers in Automotive Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 23 Thermoplastic Elastomers in Electrical & Electronics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 24 Thermoplastic Elastomers in Industrial Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 25 Thermoplastic Elastomers in Medical Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 26 Median Age - World (2000 - 2050)
Fig. 27 Thermoplastic Elastomers in Consumer Goods Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 28 Thermoplastic Elastomers in Other Applications Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 29 Thermoplastic Elastomers Market, by Material: Key Takeaways
Fig. 30 Thermoplastic Elastomers Market, by Material: Market Share Volume, 2023 & 2030
Fig. 31 Thermoplastic Elastomers Market, by Material: Market Share Revenue, 2023 & 2030
Fig. 32 Poly Styrenes Thermoplastic Elastomers Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 33 Poly Olefins Thermoplastic Elastomers Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 34 Poly Ether Imides Thermoplastic Elastomers Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)

Companies Mentioned

  • BASF SE
  • Arkema
  • DuPont
  • Covestro AG
  • China Petrochemical Corporation
  • Dynasol Elastomerss
  • EMS-CHEMIE HOLDING AG
  • Evonik Industries
  • LG Chem
  • LCY Chemical Corporation
  • Lubrizol Corporation
  • LyondellBasell Industries
  • Tosoh Corporation
  • Avient Corporation
  • Teknor APEX Company
  • The Dow Chemical Company
  • TSRC Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedOctober 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 25.15 Billion
Forecasted Market Value ( USD ) by 2030 $ 40.9 Billion
Compound Annual Growth Rate7.4%
Regions CoveredGlobal
No. of Companies Mentioned17

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