세계의 열가소성 엘라스토머 시장 : 예측 - 제품 유형별, 가공 방법별, 용도별, 지역별 분석(-2032년)

According to Stratistics MRC, the Global Thermoplastic Elastomers Market is accounted for $28.72 billion in 2025 and is expected to reach $47.03 billion by 2032 growing at a CAGR of 7.3% during the forecast period. Thermoplastic Elastomers (TPEs) are a class of polymers that combine the elasticity of rubber with the processability of plastics. Unlike traditional thermoset rubbers, TPEs can be melted, reshaped, and recycled multiple times without losing their essential properties. They exhibit flexibility, resilience, and softness while offering durability, chemical resistance, and ease of molding. TPEs are widely used in automotive, medical, consumer goods, and packaging industries due to their versatility. Their ability to be processed using standard thermoplastic methods makes them cost-effective and environmentally sustainable.

Market Dynamics:

Driver:

Growing demand from automotive industry

OEMs are leveraging TPEs for sealing systems, vibration damping, and soft-touch surfaces that enhance vehicle performance and user experience. Integration with modular platforms and multi-material assemblies is streamlining production and reducing tooling complexity. Real-time data on material behavior is supporting predictive maintenance and lifecycle optimization. Regulatory mandates for fuel efficiency and sustainability are reinforcing the shift toward advanced elastomeric materials.

Restraint:

Volatility in raw material prices

Petroleum-derived inputs and specialty additives are subject to price swings driven by global trade, currency shifts, and geopolitical tensions. Smaller processors face challenges in securing long-term contracts and managing inventory risk. Margin compression is intensifying in price-sensitive applications such as footwear, packaging, and consumer goods. Strategic sourcing and hedging mechanisms are becoming essential to maintain competitiveness.

Opportunity:

Sustainability & eco-friendly material trends

Producers are investing in green chemistry, closed-loop manufacturing, and lifecycle optimization to meet sustainability goals. Applications in automotive, medical, and packaging are shifting toward materials with reduced carbon footprints and enhanced end-of-life recovery. Certification programs and transparency initiatives are reinforcing brand credibility and market differentiation. Innovation in biodegradable and hybrid elastomers is expanding functional scope across industries.

Threat:

Reduced volume consumption due to miniaturization

Precision molding and micro-scale component design demand tighter tolerances and specialized processing capabilities. Manufacturers must adapt to shorter production runs and higher customization without compromising cost efficiency. Economies of scale are harder to achieve in fragmented, low-volume segments. Pricing pressure and margin erosion are intensifying in compact-format applications.

Covid-19 Impact:

The Covid-19 pandemic disrupted the Thermoplastic Elastomers (TPE) market, causing temporary supply chain interruptions, production halts, and delays in raw material procurement. Automotive, construction, and consumer goods sectors, which are major end-users, experienced reduced demand, impacting TPE consumption. However, the increased focus on healthcare, medical devices, and hygiene-related applications partially offset the slowdown. Post-pandemic recovery is driven by growing demand for lightweight, flexible, and recyclable materials, along with innovations in sustainable and high-performance TPE solutions across industries.

The styrenic block copolymers (SBC) segment is expected to be the largest during the forecast period

The styrenic block copolymers (SBC) segment is expected to account for the largest market share during the forecast period owing to its versatility, cost-effectiveness, and ease of processing. Applications span footwear, adhesives, packaging, and consumer goods, where softness, clarity, and impact resistance are critical. Producers are optimizing SBC grades for multi-layer extrusion, co-molding, and enhanced recyclability. Demand remains strong across both commodity and specialty markets. Integration with high-speed manufacturing and automation is reinforcing SBC dominance.

The 3D printing segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the 3D printing segment is predicted to witness the highest growth rate due to demand for flexible, durable, and customizable TPE filaments. Applications in prototyping, medical devices, consumer electronics, and industrial tooling are expanding rapidly. Producers are developing grades with enhanced printability, surface finish, and mechanical performance. Integration with digital design platforms and additive manufacturing workflows is accelerating adoption. Regulatory support for 3D printing in healthcare and aerospace is reinforcing momentum, thereby propelling the growth of the market.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share due to its strong manufacturing base, infrastructure investment, and demand across automotive, consumer goods, and industrial sectors. Countries like China, India, Japan, and South Korea are scaling TPE production for domestic and export markets. Government initiatives in mobility, housing, and electronics are reinforcing consumption. Regional suppliers are expanding capacity and upgrading technology to meet evolving performance standards. Competitive pricing and raw material availability are enhancing market leadership.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR driven by demand for high-performance TPEs in healthcare, electronics, and advanced manufacturing. The U.S. and Canada are investing in sustainable materials, additive technologies, and medical-grade elastomers. Regulatory clarity and innovation funding are accelerating product development and commercialization. Producers are focusing on recyclable, biocompatible, and specialty TPEs for critical applications. Integration with digital design and smart manufacturing is enhancing competitiveness.

Key players in the market

Some of the key players in Thermoplastic Elastomers Market include BASF SE, Dow Inc., Covestro AG, SABIC, LyondellBasell Industries N.V., ExxonMobil Chemical Company, Teknor Apex Company, Kraton Corporation, Mitsui Chemicals, Inc., LG Chem Ltd., Tosoh Corporation, RTP Company, Lubrizol Corporation, Arkema S.A. and Evonik Industries AG.

Key Developments:

In August 2025, SABIC launched LNP(TM) THERMOCOMP(TM) WFC061I, a non-halogenated flame-retardant compound for electric vehicle control units (EVCUs). The material enhances safety and thermal stability, expanding SABIC's TPE offerings in mobility and energy storage applications.

In March 2025, LyondellBasell expanded its Advanced Polymer Solutions portfolio, introducing TPE compounds with enhanced impact resistance and sustainability for consumer goods and mobility. These materials support circularity and meet rising demand for durable, lightweight elastomers.

Product Types Covered:

• Styrenic Block Copolymers (SBC)
• Thermoplastic Polyolefins (TPO)
• Thermoplastic Polyurethanes (TPU)
• Thermoplastic Vulcanizates (TPV)
• Copolyester Elastomers (COPE)
• Polyether Block Amides (PEBA)
• Other Product Types

Processing Methods Covered:

• Injection Molding
• Extrusion
• Blow Molding
• 3D Printing
• Other Processing Methods

Applications Covered:

• Automotive & Transportation
• Building & Construction
• Electrical & Electronics
• Consumer Goods & Durables
• Industrial Machinery
• Medical & Healthcare
• Footwear
• Adhesives, Sealants & Coatings
• Packaging
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Thermoplastic Elastomers Market, By Product Type

• 5.1 Introduction
• 5.2 Styrenic Block Copolymers (SBC)
  • 5.2.1 Styrene-Butadiene-Styrene (SBS)
  • 5.2.2 Styrene-Isoprene-Styrene (SIS)
• 5.3 Thermoplastic Polyolefins (TPO)
• 5.4 Thermoplastic Polyurethanes (TPU)
• 5.5 Thermoplastic Vulcanizates (TPV)
• 5.6 Copolyester Elastomers (COPE)
• 5.7 Polyether Block Amides (PEBA)
• 5.8 Other Product Types

6 Global Thermoplastic Elastomers Market, By Processing Method

• 6.1 Introduction
• 6.2 Injection Molding
• 6.3 Extrusion
• 6.4 Blow Molding
• 6.5 3D Printing
• 6.6 Other Processing Methods

7 Global Thermoplastic Elastomers Market, By Application

• 7.1 Introduction
• 7.2 Automotive & Transportation
• 7.3 Building & Construction
• 7.4 Electrical & Electronics
• 7.5 Consumer Goods & Durables
• 7.6 Industrial Machinery
• 7.7 Medical & Healthcare
• 7.8 Footwear
• 7.9 Adhesives, Sealants & Coatings
• 7.10 Packaging
• 7.11 Other Applications

8 Global Thermoplastic Elastomers Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 BASF SE
• 10.2 Dow Inc.
• 10.3 Covestro AG
• 10.4 SABIC
• 10.5 LyondellBasell Industries N.V.
• 10.6 ExxonMobil Chemical Company
• 10.7 Teknor Apex Company
• 10.8 Kraton Corporation
• 10.9 Mitsui Chemicals, Inc.
• 10.10 LG Chem Ltd.
• 10.11 Tosoh Corporation
• 10.12 RTP Company
• 10.13 Lubrizol Corporation
• 10.14 Arkema S.A.
• 10.15 Evonik Industries AG