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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1639083

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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1639083

Global Thermoplastic Elastomers Market Size Study, by Type (SBC, TPU, TPO, TPV, COPE, PEBA), by End-Use Industry (Automotive, Building & Construction, Footwear, Wire & Cable, Medical, Engineering), and Regional Forecasts 2022-2032

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The global Thermoplastic Elastomers (TPE) market is valued at approximately USD 26.9 billion in 2023 and is anticipated to grow with a steady CAGR of 5.60% over the forecast period 2024-2032. Thermoplastic elastomers represent a versatile class of polymers that combine the processing advantages of plastics with the elasticity and durability of rubber. These materials are highly sought after for their unique properties, such as resistance to abrasion, flexibility, and the ability to withstand extreme temperatures, making them indispensable in various industrial applications. The growing demand for lightweight and recyclable materials is further propelling the adoption of TPE across multiple sectors, including automotive, medical, and construction.

The automotive sector continues to dominate as the primary end-use industry for TPEs, driven by the increasing need for lightweight materials to enhance fuel efficiency and reduce carbon emissions. Thermoplastic elastomers are extensively used in manufacturing automotive components such as seals, gaskets, and interior trim, ensuring optimal performance and durability. Furthermore, advancements in TPE formulations are paving the way for their integration into high-performance applications, such as medical devices and footwear, where superior comfort, biocompatibility, and design flexibility are paramount.

Despite the market's promising growth trajectory, challenges such as fluctuating raw material prices and the complexities associated with recycling thermoplastic elastomers are constraining its full potential. However, the industry is witnessing a paradigm shift towards the development of sustainable TPE grades, leveraging bio-based raw materials and innovative processing techniques. These advancements are not only addressing environmental concerns but also creating new growth avenues in emerging markets.

Regionally, Asia-Pacific stands out as a key growth driver for the global thermoplastic elastomers market, attributed to rapid industrialization, a booming automotive industry, and expanding construction activities. China and India are emerging as lucrative markets due to their robust manufacturing ecosystems and increasing infrastructure investments. Meanwhile, North America and Europe maintain their significant shares in the global market, supported by technological advancements and stringent regulations promoting the use of sustainable materials.

Major market players included in this report are:

  • BASF SE
  • The Dow Chemical Company
  • Kraton Corporation
  • Asahi Kasei Corporation
  • Arkema S.A.
  • Covestro AG
  • Evonik Industries AG
  • Teknor Apex Company
  • Lubrizol Corporation
  • Mitsubishi Chemical Holdings Corporation
  • Tosoh Corporation
  • RTP Company
  • LG Chem Ltd.
  • Huntsman Corporation
  • Zeon Corporation

The detailed segments and sub-segments of the market are explained below:

By Type:

  • SBC
  • TPU
  • TPO
  • TPV
  • COPE
  • PEBA

By End-Use Industry:

  • Automotive
  • Building & Construction
  • Footwear
  • Wire & Cable
  • Medical
  • Engineering

By Region:

North America:

  • U.S.
  • Canada

Europe:

  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific:

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific

Latin America:

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa:

  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Years considered for the study are as follows:

  • Historical year: 2022
  • Base year: 2023
  • Forecast period: 2024 to 2032

Key Takeaways:

  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional-level analysis for each market segment.
  • Detailed analysis of the geographical landscape with country-level insights.
  • Competitive landscape with information on major market players.
  • Analysis of key business strategies and recommendations for future market approaches.
  • Examination of the competitive structure of the market.
  • Demand-side and supply-side analysis.

Table of Contents

Chapter 1. Global Thermoplastic Elastomers Market Executive Summary

  • 1.1. Global Thermoplastic Elastomers Market Size & Forecast (2022-2032)
  • 1.2. Regional Summary
  • 1.3. Segmental Summary
    • 1.3.1. By Type
    • 1.3.2. By End User
  • 1.4. Key Trends
  • 1.5. Recession Impact
  • 1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Thermoplastic Elastomers Market Definition and Research Assumptions

  • 2.1. Research Objective
  • 2.2. Market Definition
  • 2.3. Research Assumptions
    • 2.3.1. Inclusion & Exclusion
    • 2.3.2. Limitations
    • 2.3.3. Supply Side Analysis
      • 2.3.3.1. Availability
      • 2.3.3.2. Infrastructure
      • 2.3.3.3. Regulatory Environment
      • 2.3.3.4. Market Competition
      • 2.3.3.5. Economic Viability (Consumer's Perspective)
    • 2.3.4. Demand Side Analysis
      • 2.3.4.1. Regulatory Frameworks
      • 2.3.4.2. Technological Advancements
      • 2.3.4.3. Environmental Considerations
      • 2.3.4.4. Consumer Awareness & Acceptance
  • 2.4. Estimation Methodology
  • 2.5. Years Considered for the Study
  • 2.6. Currency Conversion Rates

Chapter 3. Global Thermoplastic Elastomers Market Dynamics

  • 3.1. Market Drivers
    • 3.1.1. Growing Demand for Lightweight and Recyclable Materials
    • 3.1.2. Dominance of Automotive Sector
    • 3.1.3. Advancements in TPE Formulations
  • 3.2. Market Challenges
    • 3.2.1. Fluctuating Raw Material Prices
    • 3.2.2. Complexities in Recycling Thermoplastic Elastomers
  • 3.3. Market Opportunities
    • 3.3.1. Development of Sustainable TPE Grades
    • 3.3.2. Use of Bio-based Raw Materials
    • 3.3.3. Innovative Processing Techniques

Chapter 4. Global Thermoplastic Elastomers Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model
    • 4.1.7. Porter's 5 Force Impact Analysis
  • 4.2. PESTEL Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
    • 4.2.5. Environmental
    • 4.2.6. Legal
  • 4.3. Top Investment Opportunities
  • 4.4. Top Winning Strategies
  • 4.5. Disruptive Trends
  • 4.6. Industry Expert Perspective
  • 4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Thermoplastic Elastomers Market Size & Forecasts by Type 2022-2032

  • 5.1. Segment Dashboard
  • 5.2. Global Thermoplastic Elastomers Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
    • 5.2.1. SBC
    • 5.2.2. TPU
    • 5.2.3. TPO
    • 5.2.4. TPV
    • 5.2.5. COPE
    • 5.2.6. PEBA

Chapter 6. Global Thermoplastic Elastomers Market Size & Forecasts by End User 2022-2032

  • 6.1. Segment Dashboard
  • 6.2. Global Thermoplastic Elastomers Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
    • 6.2.1. Automotive
    • 6.2.2. Building & Construction
    • 6.2.3. Footwear
    • 6.2.4. Wire & Cable
    • 6.2.5. Medical
    • 6.2.6. Engineering

Chapter 7. Global Thermoplastic Elastomers Market Size & Forecasts by Region 2022-2032

  • 7.1. North America Thermoplastic Elastomers Market
    • 7.1.1. U.S. Thermoplastic Elastomers Market
      • 7.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
      • 7.1.1.2. End User Breakdown Size & Forecasts, 2022-2032
    • 7.1.2. Canada Thermoplastic Elastomers Market
  • 7.2. Europe Thermoplastic Elastomers Market
    • 7.2.1. U.K. Thermoplastic Elastomers Market
    • 7.2.2. Germany Thermoplastic Elastomers Market
    • 7.2.3. France Thermoplastic Elastomers Market
    • 7.2.4. Spain Thermoplastic Elastomers Market
    • 7.2.5. Italy Thermoplastic Elastomers Market
    • 7.2.6. Rest of Europe Thermoplastic Elastomers Market
  • 7.3. Asia-Pacific Thermoplastic Elastomers Market
    • 7.3.1. China Thermoplastic Elastomers Market
    • 7.3.2. India Thermoplastic Elastomers Market
    • 7.3.3. Japan Thermoplastic Elastomers Market
    • 7.3.4. Australia Thermoplastic Elastomers Market
    • 7.3.5. South Korea Thermoplastic Elastomers Market
    • 7.3.6. Rest of Asia Pacific Thermoplastic Elastomers Market
  • 7.4. Latin America Thermoplastic Elastomers Market
    • 7.4.1. Brazil Thermoplastic Elastomers Market
    • 7.4.2. Mexico Thermoplastic Elastomers Market
    • 7.4.3. Rest of Latin America Thermoplastic Elastomers Market
  • 7.5. Middle East & Africa Thermoplastic Elastomers Market
    • 7.5.1. Saudi Arabia Thermoplastic Elastomers Market
    • 7.5.2. South Africa Thermoplastic Elastomers Market
    • 7.5.3. Rest of Middle East & Africa Thermoplastic Elastomers Market

Chapter 8. Competitive Intelligence

  • 8.1. Key Company SWOT Analysis
    • 8.1.1. BASF SE
    • 8.1.2. The Dow Chemical Company
    • 8.1.3. Kraton Corporation
  • 8.2. Top Market Strategies
  • 8.3. Company Profiles
    • 8.3.1. BASF SE
      • 8.3.1.1. Key Information
      • 8.3.1.2. Overview
      • 8.3.1.3. Financial (Subject to Data Availability)
      • 8.3.1.4. Product Summary
      • 8.3.1.5. Market Strategies
    • 8.3.2. The Dow Chemical Company
    • 8.3.3. Kraton Corporation
    • 8.3.4. Asahi Kasei Corporation
    • 8.3.5. Arkema S.A.
    • 8.3.6. Covestro AG
    • 8.3.7. Evonik Industries AG
    • 8.3.8. Teknor Apex Company
    • 8.3.9. Lubrizol Corporation
    • 8.3.10. Mitsubishi Chemical Holdings Corporation

Chapter 9. Research Process

  • 9.1. Research Process
    • 9.1.1. Data Mining
    • 9.1.2. Analysis
    • 9.1.3. Market Estimation
    • 9.1.4. Validation
    • 9.1.5. Publishing
  • 9.2. Research Attributes
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