Thermoplastic Elastomers (TPE) Market Analysis, By Demand, By Region, By Applications and Forecast Report Till 2036

Thermoplastic Elastomers Introduction:

Thermoplastic Elastomers (TPE) show advantages of both rubber and plastic material and are also known as thermoplastic rubbers. Six major types of thermoplastic elastomers are Styrenic Block Copolymers, Thermoplastic Polyurethanes, Copolyester Ether Elastomers, Thermoplastic Polyolefins, Thermoplastic Vulcanizates and Polyether Block Amide Elastomers. Growing demand for high-class and low-weighted materials in the ever-growing automobile market and the large-scale replacement of PVC by thermosetting elastomers in numerous end-user segments are the major driving factors for the TPE market. The largest consumption of TPE is in the United States, Europe, and China. China is the largest importer despite having the capacity to produce as the operating rates remain at low levels because of the high technical requirements and rather complicated production processes.

Thermoplastic Elastomers Market Overview:

Thermoplastic Elastomers (TPE) are a class of polymers having properties of both thermoplastics and elastomers. They are generally low-modulus, flexible materials that can be stretched repeatedly to at least twice their original length at room temperature. TPE is obtained by linking thermoplastics with elastomeric rubbers. In addition to use in their basic form, they are widely used to modify the properties of rigid thermoplastics, usually improving impact strength. Major applications of TPEs are in Automotive, Industrial, Footwear, Electricals & Electronics, Medical, and other industries.

Styrene Block Copolymers (SBC) was the most important and major TPE in the year 2017 accounting for a market share of around 45%. SBC is likely to continue to be the dominant TPE in the long-term forecast on account of increasing demand from the footwear industry in the country especially for SBS. Other applications such as polymers and asphalt modification are likely to provide an impetus to the growth. 

Global demand for SBCs is expected to grow at a CAGR of 3.5% during 2016-2020. China is the world s largest market for SBC. TPOs and TPVs are estimated to grow at an annual average of 6-7% per annum from 2018 to 2025. TPU accounts for around 10% share of the total; while COPE and PEBA together account for approximately 10% of the total demand.

Thermoplastic Elastomers Use

The automotive industry is the largest market for TPO, TPV, and R-TPO and accounted for around 68% at a global level. The market is likely to grow on account of continued use in the automotive industry for under-the-hood applications for passenger cars and trucks. In addition to their ability to withstand minor impacts, Olefinic thermoplastic elastomers are used for automotive applications as a result of the cost, recyclability during fabrication, environmental image, low specific gravity, wide range of stiffnesses available, and excellent outdoor weather ability.

Thermoplastic Elastomers Types

Thermoplastic Copolyester (TPC)/ COPE Elastomers account for around 10% of the total TPE demand and it is expected to grow at a CAGR of around 3.2% from 2018-2025. TPC has combined properties of both thermoplastics and rubbers. As of 2016, automotive applications account for more than 52% of global consumption. Industrial applications account for a 14% share followed by medical devices (11%), wire and cable (11%), and other applications (14%). The strongest demand driver continues to be automobile production where it is used to achieve overall weight reduction.

Thermoplastic Elastomers Types

Polyurethane elastomers (TPU) are used in various end-uses such as footwear & sporting goods, automotive, building & construction, industrial products, wire & cable, and medical products. It is also used in small volumes in adhesives & sealants, aerospace, and marine types of equipment. The global TPU demand in 2017 was estimated to be around 504 kilotons and it is forecast to grow at a CAGR of 5.3% between 2017 and 2025 to reach 761 kilotons in 2025. 

Asia-Pacific was the biggest market at the global level in 2017 accounting for almost 61% of the demand on account of an increase in footwear & sporting goods and improved automotive production. The primary driver for growth in demand of TPU in Asia-Pacific has been the migration of labor-intensive downstream conversion industries, and the shifting of footwear production from developed high labor cost regions like North America and Western Europe, apart from burgeoning population growth and increasing living standards, both of which are driving growth in domestic demand for consumer goods also.

Asia Pacific leads PEBA consumption with a strong compound annual growth of 6.7% during 2018-2025 due to the flourishing automotive and footwear industries which are major markets for PEBA. Other two important demand-driving regions for PEBA are Western Europe and North America due to its solid automotive infrastructure. The USA and Germany hold a major share of PEBA demand and will continue to dominate their respective regions. The trend for high-end cars is at peak with Germany leading the production of premium cars with a share of 41% followed by China and USA. This trend reflects in the PEBA demand as it is mostly used in high-end cars.

Companies Covered in Report:

  • Lubrizol
  • Arkema SA
  • Asahi Kasei Corp
  • BASF SE
  • Celanese Corporation
  • Chang-Chung Group
  • Covestro
  • DSM Engineering Plastics
  • DuPont
  • Eastman Chemicals
  • Ems-Chemie
  • Evonik Industries
  • Huntsman
  • Kraiburg Holding GmbH & Co. KG
  • Kraton Corporation
  • Kuraray
  • LG Chem
  • Miracll Chemical Co. Ltd.
  • Ravago Kimya
  • Samyang Corporation
  • Shinkong Group
  • SK Chemicals
  • Teijin
  • Toyobo
  • Wanhua
  • Other Manufacturers

Scope of Report 

The Thermoplastic Elastomers report describes the global Thermoplastic Elastomers market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types and End-Use Industries
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Thermoplastic Elastomers Market data in terms of volume and value for each end-use 
   at regional and country level
•  Thermoplastic Elastomers Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Types
          -  End-Use Industries
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2022
          -  Base - 2023
          -  Forecast Period - 2024 – 2036
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Automotive
      • Medical
      • Packaging
      • Building & Construction
      • Consumer Goods
      • Footwear
      • Others 
5.  Introduction to Thermoplastic Elastomers and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Plants and Project Analysis and Production Clusters
      •  Thermoplastic Copolyester (TPC) Elastomers
      •  Thermoplastic Polyurethane (TPU) Elastomers
      •  Thermoplastic Olefinic (TPO) Elastomers
      •  Thermoplastic Polyamide (TPA) Elastomers
      •  Styrene Block Copolymers (SBC)
8.  Global Thermoplastic Elastomers Demand Analysis, By Types, By End-Use Industries (Volume, Value) (2016–2036) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2036)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Thermoplastic Elastomers Market, By Types
               Thermoplastic Copolyester (TPC) Elastomers
               Thermoplastic Polyurethane (TPU) Elastomers
               Thermoplastic Vulcanizates (TPV) 
               Thermoplastic Olefinic (TPO) Elastomers
               Thermoplastic Polyamide (TPA) Elastomers
               Styrene Block Copolymers (SBC) 
               Polyolefin Elastomer (POE)
      •  Global Thermoplastic Elastomers Market, By End-Use Industries
               Automotives
               Building & construction
               Consumer Appliances & housewares
               Footwear
               Medical applications
               Packaging
               Sports, leisure, & toys
               Wire & cables
               Others
9.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2036)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2036)
      •  Demand Growth Rate (%)
      •  Thermoplastic Elastomers Market, By Types
      •  Thermoplastic Elastomers Market, By End-Use Industries
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by types and end-use industries has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Indonesia
         -  Malaysia
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Rest of Central & South America
      •  Middle East & Africa
         -  GCC
         -  South Africa
         -  Rest of Middle East & Africa
Note: CAGR will be calculated for all the types and end-use industries to arrive at the regional/global demand growth for the forecast period (2024 – 2036)
10.  Pricing Analysis
11.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
12.  Strategic Recommendation & Suggestions
13.  Company Analysis and Market Share Analysis
      • Thermoplastic Elastomers Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - Lubrizol
             - Arkema SA
             - Asahi Kasei Corp
             - BASF SE
             - Celanese Corporation
             - Chang-Chung Group
             - Covestro
             - DSM Engineering Plastics
             - DuPont
             - Eastman Chemicals
             - Ems-Chemie
             - Evonik Industries
             - Huntsman
             - Kraiburg Holding GmbH & Co. KG
             - Kraton Corporation
             - Kuraray
             - LG Chem
             - Miracll Chemical Co. Ltd.
             - Ravago Kimya
             - Samyang Corporation
             - Shinkong Group
             - SK Chemicals
             - Teijin
             - Toyobo
             - Wanhua
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
14.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Thermoplastic Elastomers report describes the global Thermoplastic Elastomers market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types and End-Use Industries
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Thermoplastic Elastomers Market data in terms of volume and value for each end-use 
   at regional and country level
•  Thermoplastic Elastomers Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

How big is the TPE market?
The thermoplastic elastomer market is 5500 kilotons in 2023, growing at a CAGR of 4.3% from 2024 to 2036.