Thermoplastic Elastomer (TPE) Market, By Product Type (Styrenic Block Copolymer, Thermoplastic Olefin, Elastomeric Polyurethane, Thermoplastic Copolyester, and Thermoplastic Polyamide), By Application (Automotive and Transportation, Building and Construction, Footwear, Electrical and Electronics, Medical, Household Appliances, HVAC, Adhesives, Sealants, and Coatings, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI416820 | Publish Date: May 2024 | No. of Pages: 157

Global Thermoplastic Elastomer (TPE) Market Overview

A Thermoplastic elastomer (TPE) has the properties and performance of a rubber, it is actually processed like Plastic and it is recyclable. The presence of the elastomeric component makes it soft and flexible such that it can be stretched repeatedly to at the least twice their original length at room temperature and can return to their approx. length of the original shape upon stress release. The soft touch of TPEs makes them appealing and beneficial for many markets and consumer goods. The TPEs that are soft can be easily be molded into hard thermoplastic materials, which would then be great for soft touch grips on products. TPEs can be perfectly used for sealing rings and on bottle cap liners. TPEs of other type can be used in automotive parts, home appliances, and wire and cable insulation, HVACs.

Global Thermoplastic Elastomer (TPE) Market Dynamics

 Widely Accepted Application across the globe

Thermoplastic elastomers are primarily used in belts and hoses, bellows, gaskets, sound management inside the car, floors, and instrument panel skins. Moreover, outside the car, it can be used in tires (base tire, side walls, treads) and wire, cables, and coatings in almost all parts of the car. Thermoplastic elastomers dominated the market across the world, owing to properties, such as lightweight, ease-of-processing, greater design freedom, versatility, and ability to be recycled, TPEs are predominantly used in the automotive and transportation industry.

Restraint

Unstable and volatility in raw material prices are the factor which may hinder the growth of this market.

Global Thermoplastic Elastomer (TPE) Market Segmentation

Thermoplastic elastomer (TPE) market is segmented based on Product Type,

Application, and Region.

On the basis of product type, the thermoplastic elastomer (TPE) market is segmented into styrenic block copolymer, thermoplastic olefin, elastomeric polyurethane, thermoplastic copolyester, and thermoplastic polyamide. Based on application, the target market is classified into automotive and transportation, building and construction, footwear, electrical and electronics, medical, household appliances, HVAC, adhesives, sealants, and coatings, and other applications.

Regional Insights:

On region the Thermoplastic Elastomer (TPE) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America rules the global market in terms of revenue and is projected to continue its dominance in the coming years. Asia Pacific is anticipated to dominating the market over the forecast period. The Chinese automotive industry caters to the demand for vehicles, in both domestic and foreign markets. During the forecast period, the automotive production in the country is expected to be driven by the rising demand for SUVs, and lightweight and fuel-efficient vehicles, along with the increasing popularity of electric vehicles across the world.

Attribute

Details

Base year for estimation

2019

Forecast period

2019 – 2029

Market representation

Revenue in USD Million & CAGR from 2019 to 2029

Market Segmentation

By Product Type - Styrenic Block Copolymer, Thermoplastic Olefin, Elastomeric Polyurethane, Thermoplastic Copolyester, and Thermoplastic Polyamide

By Application – Automotive and Transportation, Building and Construction, Footwear, Electrical and Electronics, Medical, Household Appliances, HVAC, Adhesives, Sealants, and Coatings, and Other Applications

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the Product Type industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Thermoplastic Elastomer (TPE) market report based on Product Type, application, and region:

Thermoplastic Elastomer (TPE) Market, By Product Type:

  • Styrenic Block Copolymer
  • Thermoplastic Olefin
  • Elastomeric Polyurethane
  • Thermoplastic Copolyester
  • Thermoplastic Polyamide

Thermoplastic Elastomer (TPE) Market, By Application:

  • Automotive and Transportation
  • Building and Construction
  • Footwear
  • Electrical and Electronics
  • Medical, Household Appliances
  • HVAC
  • Adhesives
  • Sealants
  • Coatings
  • Other Applications

Thermoplastic Elastomer (TPE) Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Thermoplastic Elastomer (TPE) Market Key Players

The key players operating the Thermoplastic Elastomer (TPE) market includes BASF SE, Dow, LyondellBasell Industries Holdings B.V., Arkema Sa, LCY Chemical Corp., Covestro AG, China Petrochemical Corporation, Huntsman International LLC., PolyOne Corporation, Kraton Corporation, Exxon Mobil Corporation. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in September 2019, Polyone Launches New Black Masterbatch Colorants with Sustainable Carbon Black. In July 2019, Effort in green chemistry received recognition again LCY Chemical Corp won the Best Partner Award of UMC's 3R League.

Global Thermoplastic Elastomer (TPE) Market Company Profile

  • BASF SE Company
    • Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dow
  • LyondellBasell Industries Holdings B.V.
  • Arkema Sa
  • LCY Chemical Corp.
  • Covestro AG
  • China Petrochemical Corporation
  • Huntsman International LLC.
  • PolyOne Corporation
  • Kraton Corporation
  • Exxon Mobil Corporation

 “*” marked represents similar segmentation in other categories in the respective section

Global Thermoplastic Elastomer (TPE) Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Product Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Mn)

  • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Styrenic Block Copolymer
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Thermoplastic Olefin
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Elastomeric Polyurethane
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Thermoplastic Copolyester
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Thermoplastic Polyamide
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Mn)

  • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Automotive and Transportation
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Building and Construction
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Footwear
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electrical and Electronics
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Medical
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Household Appliances
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • HVAC
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Adhesives
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Sealants
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Coatings
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other Applications
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Mn)

  • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Mn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Mn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Mn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Mn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Mn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dow
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LyondellBasell Industries Holdings B.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Arkema Sa
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LCY Chemical Corp
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Covestro AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • China Petrochemical Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Huntsman International LLC.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PolyOne Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kraton Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Thermoplastic elastomer (TPE) market is segmented based on the Product Type, Application, and Region.

Thermoplastic elastomers are primarily used in belts and hoses, bellows, gaskets, sound management inside the car, floors, and instrument panel skins. It has a wide range applications, thus driving the growth of the target market

The market in North America rules the global market in terms of revenue and is projected to continue its dominance in the coming years. The Asia Pacific is anticipated to dominating the market over the forecast period. The Chinese automotive industry caters to the demand for vehicles, in both domestic and foreign markets.

The key players are expanding their presence in the market through a variety of strategies such as business expansion, product launch, acquisition, etc. For instance, in September 2019, Polyone Launches New Black Masterbatch Colorants with Sustainable Carbon Black.