Thermoplastic Elastomer Market
Thermoplastic Elastomer Market Study by Styrenic Block Copolymers, Polyurethanes, Polyolefins, Vulcanizates, and Copolyester Ether Elastomers from 2024 to 2034
Analysis of Thermoplastic Elastomer Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Thermoplastic Elastomer Market Outlook (2024 to 2034)
The global thermoplastic elastomer market has been valued at US$ 23.58 billion in 2024, as studied in the recently published industry report by Fact.MR. Sales of thermoplastic elastomers (TPE) are projected to climb at 6.3% CAGR to reach US$ 43.44 billion by the end of 2034. Increasing requirements for flexible and lightweight materials in several industries, including medical, construction, automotive, etc., are contributing to higher consumption of thermoplastic elastomers.
TPEs are eco-friendly and unique thermoplastics, which can be re-shaped or re-molded and recyclable, thereby eliminating the chances of creating more waste. Moreover, oxidation, resistance to chemicals, etc., are some other features of thermoplastic elastomers, which will contribute to their increased demand over the coming years.
Specific properties of thermoplastic elastomers are contributing to their growing use. Smooth finish, heat stability, foldability, scratch resistance, wear resistance, etc., are resulting in their growing preference for application in several industries. Steady expansion of the automotive sector is set to generate higher requirements for thermoplastic elastomers for use in exteriors, interiors, underhood components, and sealing systems.
High focus on sustainability is expected to generate more need for bio-based thermoplastic elastomers. Increasing sales of electric vehicles, rising requirements for lightweight automotive components, and growing number of construction projects are also pushing demand for thermoplastic elastomers. In addition, regulatory norms imposed to ensure reduced carbon emissions will also create more prospects for suppliers of thermoplastic elastomers.
- Worldwide demand for thermoplastic elastomers for use in the building & construction industry is projected to increase at a CAGR of 6.6% and reach a market value of US$ 8.47 billion by the end of 2034.
- East Asia is evaluated to hold 24.6% share of the global market by the end of 2034.
- Sales of thermoplastic elastomers in South Korea are forecasted to rise at a CAGR of 9.1% from 2024 to 2034.
| Report Attribute | Detail |
|---|---|
| Thermoplastic Elastomer Market Size (2024E) | US$ 23.58 Billion |
| Forecasted Market Value (2034F) | US$ 43.44 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.3% CAGR |
| Market Share of Thermoplastic Vulcanizates (TPVs) (2034F) | 26.8% |
| North America Market Share (2034F) | 17.5% |
| Japan Market Growth Rate (2024 to 2034) | 6.5% CAGR |
| Key Companies Profiled | LG Chemicals; Arkema S.A.; Dynasol Elastomers LLC; BASF SE; Avient Corporation; TSRC Corporation; EMS Group; The Dow Chemical Company; Kraton Polymers LLC; Huntsman Corporation; Bayer Material Science LLC; LCY Chemical Corporation; Evonik Industries. |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What is Responsible for Expanding Thermoplastic Elastomer Market Size?
“High Focus on Sustainability Pushing Thermoplastic Elastomer Market Growth”
In recent years, awareness about sustainability and environmental conservation has risen significantly. As such, industries are focusing on offering eco-friendly products, which is set to drive the consumption of bio-based thermoplastic elastomers.
Several companies are entering into collaborations and partnerships to benefit from combined expertise and developing new solutions.
- Avient Corporation is one of the key providers of sustainable solutions and materials. In June 2021, the company announced its collaboration with Oceanworks to assist companies using recycled plastics in their products. In addition, these companies also collaborated for the launch of Resound R in 2020 to offer recycled content TPEs.
What is Hindering Sales Growth of Thermoplastic Elastomers?
“Expensive Production Process of TPEs”
Production of thermoplastic elastomers is a capital-intensive procedure compared to other alternatives, including PVC, polyurethane, etc. Therefore, the expensive production process of TPE increases the end-product price, which is set to limit its demand growth to some extent. Moreover, constant fluctuations in the cost of raw materials are restraining the growth opportunities in the global market.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Which Thermoplastic Elastomer Market Trends are Startups Leveraging?
“Steady Shift to Sustainable Environmental Practices”
New market players entering this competitive landscape are focusing on the development of novel and innovative solutions to attract more consumers. They are strengthening their presence in the global market with the creation of innovative products while using thermoplastic elastomers.
- Adient, a startup founded in 2016, is involved in automotive seating manufacturing. The company won awards for offering innovative reinforced automotive seats manufactured of thermoplastic elastomer panels, UltraThin Seating. This newly developed panel has been manufactured from recyclable thermoplastic elastomers.
Country-wise Insights
East Asia is approximated to account for 24.6% of the global thermoplastic elastomer market share by the end of 2034, as revealed in the updated study by Fact.MR, a market research and competitive provider. Rising investments in R&D to produce energy-efficient vehicles for promoting business technologies and minimizing costs are set to promote the adoption of thermoplastic elastomers in the region. Presence of well-established end-use industries, including electrical & electronics, automotive, industrial, consumer goods, medical, etc., is contributing to increased demand for thermoplastic elastomers.
What is the Reason Behind Growing Demand for Thermoplastic Elastomers in the United States?
“High Demand for Eco-friendly Materials”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 3.65 Billion |
| Growth Rate (2024 to 2034) | 4.3% CAGR |
| Projected Value (2034F) | US$ 5.59 Billion |
The United States is analyzed to hold 73.5% share of the market in North America by 2034. Well-developed automotive manufacturing sector in the country is attracting more suppliers of thermoplastic elastomers. Growing requirements for fuel-efficient and lightweight vehicles and vehicle components are favoring the demand growth for thermoplastic elastomers.
Increasing preference for biodegradable and eco-friendly materials in various industries is also set to push the demand for thermoplastic elastomers. Growing adoption of new manufacturing technologies, higher investments in R&D activities, and supportive government initiatives in the form of incentives are positively influencing the market growth trajectory.
What Opportunities Await Suppliers of Thermoplastic Elastomers in China?
“Presence of Well-established Automotive Sector Generating High Demand for Thermoplastic Elastomers”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 2.99 Billion |
| Growth Rate (2024 to 2034) | 7.4% CAGR |
| Projected Value (2034F) | US$ 6.12 Billion |
China is forecasted to account for 57.3% of the East Asian market share by the end of 2034. Just like Europe and the United States, the automotive industry in China is well-established. Significant amount of thermoplastic elastomers is used in vehicle manufacturing in the country. They are utilized in belts and hoses, sound management components, instrument panel skins, gaskets, bellows, and floors as one of the prominent dynamic materials.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Insights
Fact.MR, in its recently updated report, says that increased demand for thermoplastic vulcanizates is attributed to their growing use in automotive interior designing as they provide multiple benefits such as reusability, recyclability, and color retention ability.
Why is Use of Thermoplastic Vulcanizates (TPV) Increasing?
“Rising Popularity of TPVs for Recyclability, Reusability, and Color Retention Abilities”
| Attribute | Thermoplastic Vulcanizates (TPVs) |
|---|---|
| Segment Value (2024E) | US$ 6.27 Billion |
| Growth Rate (2024 to 2034) | 6.4% CAGR |
| Projected Value (2034F) | US$ 11.64 Billion |
Thermoplastic vulcanizates are poised to contribute a share of 26.8% to global market revenue by 2034. Expansion of the automotive sector worldwide is estimated to generate higher demand for TPVs for interior designing as they offer various benefits, including recyclability, reusability, and color retention ability. In addition, thermoplastic vulcanizates are also utilized as a PVC substitute in the medical industry for catheters, blood bags, and others owing to their ability to offer optical clarity and tough nature. These user-friendly and environment-friendly features of TPVs are contributing to their increased consumption across industries.
Why is Utilization of Thermoplastic Elastomers Increasing in Building & Construction?
“Durability and Flexibility of Thermoplastic Elastomers”
| Attribute | Building & Construction |
|---|---|
| Segment Value (2024E) | US$ 4.46 Billion |
| Growth Rate (2024 to 2034) | 6.6% CAGR |
| Projected Value (2034F) | US$ 8.47 Billion |
Building & construction is projected to occupy 19.5% share of the global market by 2034-end. In the building & construction industry, thermoplastic elastomers are utilized as extruded weather seals for windows and doors and various other seals, including pipe seals and glazing, etc. Growing consumption of thermoplastic elastomers is attributed to their environmental and chemical resilience, besides their flexibility and durability.
Competitive Landscape
Key players in the thermoplastic elastomer market are focusing on mergers and acquisitions, new production development, etc., for the expansion of their business footprints. In addition, they are emphasizing management of supply chain systems and offering quality products.
For instance :
- Huber Engineered Materials is a subsidiary of J.M, Huber Corporation. In January 2022, the company announced the acquisition of a 50% stake in RHI Magnesita. This is set to strengthen the portfolio of Huber for additive business for thermoplastics and elastomers.
- Pexco LLC is one of the prominent plastic extruders operating in North America. In December 2021, the company acquired an Ohio-based company, PEC (Performance Elastomers Corporation). This company specializes in the production of rubber-based elastomer products, thermoplastic, etc.
Fact.MR provides detailed information about the price points of key manufacturers of thermoplastic elastomers positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Segmentation of Magnesium Chloride Market Research
-
By Type :
- Styrenic Block Copolymers (SBCs)
- Thermoplastic Polyurethanes (TPUs)
- Thermoplastic Polyolefins (TPOs)
- Thermoplastic Vulcanizates (TPVs)
- Copolyester Ether Elastomers
-
By End-use Industry :
- Automotive
- Engineering
- Building & Construction
- Medical
- Footwear
- Wires & Cables
- Other Industries
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Type
- 6.2. End-use Industry
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type
- 7.1. Styrenic Block Copolymers (SBCs)
- 7.2. Thermoplastic Polyurethanes (TPUs)
- 7.3. Thermoplastic Polyolefins (TPOs)
- 7.4. Thermoplastic Vulcanizates (TPVs)
- 7.5. Copolyester Ether Elastomers
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End-use Industry
- 8.1. Automotive
- 8.2. Engineering
- 8.3. Building & Construction
- 8.4. Medical
- 8.5. Footwear
- 8.6. Wires & Cables
- 8.7. Other Industries
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. Middle East & Africa
- 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Sales Forecast 2024 to 2034 by Type, End-use Industry, and Region for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. LG Chemicals
- 19.2. Arkema S.A.
- 19.3. Dynasol Elastomers LLC
- 19.4. BASF SE
- 19.5. Avient Corporation
- 19.6. TSRC Corporation
- 19.7. EMS Group
- 19.8. The Dow Chemical Company
- 19.9. Kraton Polymers LLC
- 19.10. Huntsman Corporation
- 19.11. Bayer Material Science LLC
- 19.12. LCY Chemical Corporation
- 19.13. Evonik Industries
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Type, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Type, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Type, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Type, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Type, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the thermoplastic elastomer market in 2024?
The global thermoplastic elastomer market is valued at US$ 23.58 billion in 2024.
What is the future of thermoplastic elastomers?
Worldwide demand for thermoplastic elastomers is approximated to reach a market worth of US$ 43.44 billion by 2034-end.
At what rate is the demand for thermoplastic elastomers forecasted to accelerate?
The global TPE market is analyzed to expand at a CAGR of 6.3% from 2024 to 2034.
How much share of the global market is East Asia projected to hold?
East Asia is forecasted to account for 24.6% share of the global market by the end of 2034.
At what rate are the sales of thermoplastic elastomers projected to rise in South Korea?
Demand for thermoplastic elastomers in South Korea is evaluated to increase at a 9.1% CAGR from 2024 to 2034.
What is the contribution of thermoplastic vulcanizates to global market revenue?
Thermoplastic vulcanizates are calculated to capture 26.8% share of global market revenue by 2034.
Who are the key manufacturers of thermoplastic elastomers?
LG Chemicals, Arkema S.A., Dynasol Elastomers LLC, BASF SE, and Avient Corporation are some of the leading manufacturers of thermoplastic elastomers.
Thermoplastic Elastomer Market