Thermoplastic Elastomers Global Market to Reach $39.1 Billion by 2030: Beneficial Properties Fuel Demand for TPU in Various Applications


Dublin, March 31, 2023 (GLOBE NEWSWIRE) -- The "Thermoplastic Elastomers: Global Strategic Business Report" report has been added to's offering.

The global market for Thermoplastic Elastomers estimated at US$22.6 Billion in the year 2022, is projected to reach a revised size of US$39.1 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Block Copolymers, one of the segments analyzed in the report, is projected to record a 7.7% CAGR and reach US$22 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Blends segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.9 Billion, While China is Forecast to Grow at 8.5% CAGR

The Thermoplastic Elastomers market in the U.S. is estimated at US$4.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11.4 Billion by the year 2030 trailing a CAGR of 8.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.5 Billion by the year 2030.

Select Competitors (Total 76 Featured) -

  • Arkema S.A.
  • Asahi Kasei Corporation
  • Avient Corporation
  • Celanese Corporation
  • Covestro AG
  • DuPont de Nemours, Inc.
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Huntsman International LLC
  • Kraiburg TPE GmbH & Co. KG
  • Kraton Corporation
  • Lubrizol Corporation
  • LyondellBasell Industries N.V.
  • Mitsubishi Chemical Corporation
  • Teknor Apex Company
  • Tosoh Corporation
  • Versalis S.p.A.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages486
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$22.6 Billion
Forecasted Market Value (USD) by 2030$39.1 Billion
Compound Annual Growth Rate7.1%
Regions CoveredGlobal

Key Topics Covered:




  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Living with COVID-19: The New Normal
  • Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Pandemic Impact on End-Use Industries Affects Demand for Thermoplastic Elastomers
  • TPEs Containing Antiviral and Antimicrobial Additives for Mobility Applications during Pandemic
  • An Introduction to Thermoplastic Elastomers
  • Types and Properties of Commercial TPEs
  • Benefits of TPEs
  • Primary Applications of TPEs
  • Regulatory Guidelines for TPEs
  • Global Market Prospects & Outlook
  • Styrenic Block Copolymers (SBC): A Widely Used Thermoplastic Elastomer
  • Automotive: The Leading End-Use Market for Thermoplastic Elastomers
  • Developing Economies to Boost Long-term Growth
  • Competition
  • Thermoplastic Elastomers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • World Brands
  • Recent Market Activity



  • Rising Demand from Automotive Industry Presents Considerable Growth Opportunities for Thermoplastic Elastomers Market
  • Shift towards Lightweight Vehicles Bodes Well for Thermoplastic Elastomers
  • Lightweighting Trend in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016 & 2019
  • COVID-19 Impact on the Automotive Industry: A Review
  • Global Automobile Production (In Million Units) for the Years 2011 - 2021y for the Years 2017, 2019 and 2022
  • Outlook for 2022 Remains Positive
  • Adoption of Strict Regulations to Control Emissions Augurs Well for Use of Thermoplastic Elastomers in Auto Industry
  • Increasing Penetration of EVs: Potential Opportunities for TPEs
  • Global Electric Passenger Car Stock (In Million Units) for the Years 2017, 2018, 2019, 2020 & 2025P
  • Growing Application of Thermoplastic Elastomers in HVAC Industry Fuels Market Prospects
  • Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market in US$ Billion by Geographic Region/Country for 2020 and 2027
  • Building & Construction: A Promising Market for TPEs
  • Increasing Replacement of EPDM in Construction Materials by TPU & TPO Bodes Well for the Market
  • COVID-19 Impacts Near-term Growth Outlook for the Construction Sector
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Use of Thermoplastic Elastomers for Manufacturing Medical Devices Witnesses a Surge
  • Global Medical Devices Market Size (in US$ Billion) for the Years 2021, 2023, 2025 and 2027
  • Rising Popularity of TPEs for Medical Tubing Applications
  • Global Medical Tubing Market Size in US$ Billion for the Years 2021, 2023, 2025 and 2027
  • Consumer Goods Industry Drives Demand for TPEs
  • Surfing Gear Warms Up to Use of Thermoplastic Elastomers
  • TPEs Find Use in Oil & Gas Industry
  • Latest Farm Technology Turns to TPEs
  • Market for Styrenic Block Copolymer Witnesses Robust Growth
  • Beneficial Properties Fuel Demand for TPU in Various Applications
  • Bio-based Thermoplastic Elastomers Offer Tremendous Potential for Growth
  • Innovations & Advancements Boost Market Growth
  • Standards and Regulations to Broaden the Scope of TPE Market
  • Key Challenges Facing Thermoplastic Elastomers Market
  • Global Brent Crude Oil Price Trends (in US$ per barrel) for Feb 2020-May 2022




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Global Market for Thermoplastic Elastomers

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