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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.
Thermoplastic Elastomer Market by Type and Application

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Thermoplastic Elastomer Market by Segments

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

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?

For any questions related to Thermoplastic Elastomer Market, Thermoplastic Elastomer Market Size, Thermoplastic Elastomer Market Growth, Thermoplastic Elastomer Market Analysis, Thermoplastic Elastomer Market Report, Thermoplastic Elastomer Market Share, Thermoplastic Elastomer Market Trends, Thermoplastic Elastomer Market Forecast, Thermoplastic Elastomer Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global Thermoplastic Elastomer Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Thermoplastic Elastomer Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Thermoplastic Elastomer Market by Type
3.3.1: Styrenic Block Copolymers
3.3.2: Thermoplastic Polyurethane
3.3.3: Thermoplastic Vulcanizates
3.3.4: Thermoplastic Polyolefins
3.3.5: Copolyester Elastomers
3.3.6: Others
3.4: Global Thermoplastic Elastomer Market by Application
3.4.1: Automotive
3.4.2: Building & Construction
3.4.3: Footwear
3.4.4: Electrical & Electronics
3.4.5: Medical
3.4.6: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Thermoplastic Elastomer Market by Region
4.2: North American Thermoplastic Elastomer Market
4.2.1: North American Thermoplastic Elastomer Market by Type: Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others
4.2.2: North American Thermoplastic Elastomer Market by Application: Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others
4.3: European Thermoplastic Elastomer Market
4.3.1: European Thermoplastic Elastomer Market by Type: Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others
4.3.2: European Thermoplastic Elastomer Market by Application: Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others
4.4: APAC Thermoplastic Elastomer Market
4.4.1: APAC Thermoplastic Elastomer Market by Type: Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others
4.4.2: APAC Thermoplastic Elastomer Market by Application: Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others
4.5: ROW Thermoplastic Elastomer Market
4.5.1: ROW Thermoplastic Elastomer Market by Type: Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others
4.5.2: ROW Thermoplastic Elastomer Market by Application: Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Thermoplastic Elastomer Market by Type
6.1.2: Growth Opportunities for the Global Thermoplastic Elastomer Market by Application
6.1.3: Growth Opportunities for the Global Thermoplastic Elastomer Market by Region
6.2: Emerging Trends in the Global Thermoplastic Elastomer Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Thermoplastic Elastomer Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Thermoplastic Elastomer Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Arkema
7.2: Covestro
7.3: Evonik Industries
7.4: Teknor APEX
7.5: BASF
7.6: Huntsman
7.7: Sinopec
7.8: Lubrizol
7.9: Kraton
7.10: Tosoh
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.