Global Thermoplastic Elastomers (TPE) Material Market Growth 2025-2031
Description
The global Thermoplastic Elastomers (TPE) Material market size is predicted to grow from US$ 12170 million in 2025 to US$ 18920 million in 2031; it is expected to grow at a CAGR of 7.6% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Thermoplastic elastomers (TPE), sometimes referred to as thermoplastic rubbers (TPR), are a class of copolymers or a physical mix of polymers (usually a plastic and a rubber) that consist of materials with both thermoplastic and elastomeric properties.
While most elastomers are thermosets, thermoplastic elastomers are not, in contrast making them relatively easy to use in manufacturing, for example, by injection moulding. Thermoplastic elastomers show advantages typical of both rubbery materials and plastic materials. The benefit of using thermoplastic elastomers is the ability to stretch to moderate elongations and return to its near original shape creating a longer life and better physical range than other materials.
The principal difference between thermoset elastomers and thermoplastic elastomers is the type of cross-linking bond in their structures. In fact, crosslinking is a critical structural factor which imparts high elastic properties.
The classification of thermoplastic elastomers (TPE) material includes Styrenic Block Copolymers (TPS or TPE-S), Thermoplastic Vulcanizates (TPV), etc. In 2023, Styrenic Block Copolymers (TPS or TPE-S) accounted for a share of 79% in the global thermoplastic elastomers (TPE) material market.
Tthermoplastic elastomers (TPE) material is widely used for Footwear, Automobile, Building & Construction and Other. In thermoplastic elastomers (TPE) material market, the Automobile Industry holds an important share in terms of Application.
Asia-Pacific is the largest consumption place, with a consumption market share nearly 53% in 2023.
Market competition is intense. 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) material revenue in 2023.
Market Trends
Enhanced Environmental Awareness
With the improvement of environmental awareness and the popularization of the concept of sustainable development, more and more downstream industries have begun to pay attention to the environmental performance and recyclability of products.
As a recyclable material, TPE can effectively reduce plastic pollution and meet the requirements of green development, so the market demand continues to increase.
Technological innovation drive
With the continuous advancement of materials science, TPE modification technology is also constantly innovating.
Modified TPE can improve its performance, such as enhancing wear resistance and UV resistance, so that it can better meet the needs of different application scenarios.
Expanded application areas
The flexibility of TPE makes it suitable for a variety of industries, including medical, electronics, automobiles, and toys.
With the continuous development of these industries, the application scenarios of TPE are also expanding.
LP Information, Inc. (LPI) ' newest research report, the “Thermoplastic Elastomers (TPE) Material Industry Forecast” looks at past sales and reviews total world Thermoplastic Elastomers (TPE) Material sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermoplastic Elastomers (TPE) Material sales for 2025 through 2031. With Thermoplastic Elastomers (TPE) Material 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) Material industry.
This Insight Report provides a comprehensive analysis of the global Thermoplastic Elastomers (TPE) Material 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) Material 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) Material market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoplastic Elastomers (TPE) Material 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) Material.
This report presents a comprehensive overview, market shares, and growth opportunities of Thermoplastic Elastomers (TPE) Material 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
Other
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
ExxonMobil
JSR
Kuraray
Sinopec
LCY Technology Corp
TSRC
CNPC
ChiMei
Key Questions Addressed in this Report
What is the 10-year outlook for the global Thermoplastic Elastomers (TPE) Material market?
What factors are driving Thermoplastic Elastomers (TPE) Material market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Thermoplastic Elastomers (TPE) Material market opportunities vary by end market size?
How does Thermoplastic Elastomers (TPE) Material break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Thermoplastic elastomers (TPE), sometimes referred to as thermoplastic rubbers (TPR), are a class of copolymers or a physical mix of polymers (usually a plastic and a rubber) that consist of materials with both thermoplastic and elastomeric properties.
While most elastomers are thermosets, thermoplastic elastomers are not, in contrast making them relatively easy to use in manufacturing, for example, by injection moulding. Thermoplastic elastomers show advantages typical of both rubbery materials and plastic materials. The benefit of using thermoplastic elastomers is the ability to stretch to moderate elongations and return to its near original shape creating a longer life and better physical range than other materials.
The principal difference between thermoset elastomers and thermoplastic elastomers is the type of cross-linking bond in their structures. In fact, crosslinking is a critical structural factor which imparts high elastic properties.
The classification of thermoplastic elastomers (TPE) material includes Styrenic Block Copolymers (TPS or TPE-S), Thermoplastic Vulcanizates (TPV), etc. In 2023, Styrenic Block Copolymers (TPS or TPE-S) accounted for a share of 79% in the global thermoplastic elastomers (TPE) material market.
Tthermoplastic elastomers (TPE) material is widely used for Footwear, Automobile, Building & Construction and Other. In thermoplastic elastomers (TPE) material market, the Automobile Industry holds an important share in terms of Application.
Asia-Pacific is the largest consumption place, with a consumption market share nearly 53% in 2023.
Market competition is intense. 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) material revenue in 2023.
Market Trends
Enhanced Environmental Awareness
With the improvement of environmental awareness and the popularization of the concept of sustainable development, more and more downstream industries have begun to pay attention to the environmental performance and recyclability of products.
As a recyclable material, TPE can effectively reduce plastic pollution and meet the requirements of green development, so the market demand continues to increase.
Technological innovation drive
With the continuous advancement of materials science, TPE modification technology is also constantly innovating.
Modified TPE can improve its performance, such as enhancing wear resistance and UV resistance, so that it can better meet the needs of different application scenarios.
Expanded application areas
The flexibility of TPE makes it suitable for a variety of industries, including medical, electronics, automobiles, and toys.
With the continuous development of these industries, the application scenarios of TPE are also expanding.
LP Information, Inc. (LPI) ' newest research report, the “Thermoplastic Elastomers (TPE) Material Industry Forecast” looks at past sales and reviews total world Thermoplastic Elastomers (TPE) Material sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermoplastic Elastomers (TPE) Material sales for 2025 through 2031. With Thermoplastic Elastomers (TPE) Material 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) Material industry.
This Insight Report provides a comprehensive analysis of the global Thermoplastic Elastomers (TPE) Material 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) Material 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) Material market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoplastic Elastomers (TPE) Material 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) Material.
This report presents a comprehensive overview, market shares, and growth opportunities of Thermoplastic Elastomers (TPE) Material 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
Other
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
ExxonMobil
JSR
Kuraray
Sinopec
LCY Technology Corp
TSRC
CNPC
ChiMei
Key Questions Addressed in this Report
What is the 10-year outlook for the global Thermoplastic Elastomers (TPE) Material market?
What factors are driving Thermoplastic Elastomers (TPE) Material market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Thermoplastic Elastomers (TPE) Material market opportunities vary by end market size?
How does Thermoplastic Elastomers (TPE) Material break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
143 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Thermoplastic Elastomers (TPE) Material by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Thermoplastic Elastomers (TPE) Material by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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