Thermoplastic Elastomer Market Report: Trends, Forecast and Competitive Analysis to 2030

Thermoplastic Elastomer Trends and Forecast

The future of the global thermoplastic elastomer market looks promising with opportunities in the automotive, building & construction, footwear, electrical & electronics, and medical applications. The global thermoplastic elastomer market is expected to reach an estimated $34.8 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growing preference for bio-based elastomer and rising interest in lightweight vehicles from the automotive industry.

A more than 150-page report is developed to help in your business decisions.

Thermoplastic Elastomer by Segment

The study includes a forecast for the global thermoplastic elastomer by type, application, and region.

Thermoplastic Elastomer Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Styrenic Block Copolymers
• Thermoplastic Polyurethane
• Thermoplastic Vulcanizates
• Thermoplastic Polyolefins
• Copolyester Elastomers
• Others

Thermoplastic Elastomer Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Building & Construction
• Footwear
• Electrical & Electronics
• Medical
• Others

Thermoplastic Elastomer Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Thermoplastic Elastomer Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermoplastic elastomer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermoplastic elastomer companies profiled in this report include-

• Arkema
• Covestro
• Evonik Industries
• Teknor APEX
• BASF
• Huntsman
• Sinopec
• Lubrizol
• Kraton
• Tosoh

Thermoplastic Elastomer Market Insights

Lucintel forecasts that styrenic block copolymer will remain the largest segment over the forecast period.

Within this market, automotive will remain the largest segment over the forecast period.

North America will remain the largest region over the forecast period.

Features of the Global Thermoplastic Elastomer Market

Market Size Estimates: Thermoplastic elastomer market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Thermoplastic elastomer market size by type, application, and region in terms of value ($B).

Regional Analysis: Thermoplastic elastomer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the thermoplastic elastomer market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermoplastic elastomer market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the thermoplastic elastomer market size?

Answer: The global thermoplastic elastomer market is expected to reach an estimated $34.8 billion by 2030.

Q2. What is the growth forecast for thermoplastic elastomer market?

Answer: The global thermoplastic elastomer market is expected to grow with a CAGR of 6.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the thermoplastic elastomer market?

Answer: The major drivers for this market are growing preference for bio-based elastomer and rising interest in lightweight vehicles from the automotive industry.

Q4. What are the major segments for thermoplastic elastomer market?

Answer: The future of the thermoplastic elastomer market looks promising with opportunities in the automotive, building & construction, footwear, electrical & electronics, and medical applications.

Q5. Who are the key thermoplastic elastomer market companies?

Answer: Some of the key thermoplastic elastomer companies are as follows:

• Arkema
• Covestro
• Evonik Industries
• Teknor APEX
• BASF
• Huntsman
• Sinopec
• Lubrizol
• Kraton
• Tosoh

Q6. Which thermoplastic elastomer market segment will be the largest in future?

Answer: Lucintel forecasts that styrenic block copolymer will remain the largest segment over the forecast period.

Q7. In thermoplastic elastomer market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the thermoplastic elastomer market by type (styrenic block copolymers, thermoplastic polyurethane, thermoplastic vulcanizates, thermoplastic polyolefins, copolyester elastomers, and others), application (automotive, building & construction, footwear, electrical & electronics, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?