Published by Coherent Market Insights
Posted on October 11, 2021
3 min readLast updated: January 29, 2026
The thermoplastic elastomer market is set to grow over 5% CAGR by 2028, driven by automotive and medical demand, especially in Asia Pacific.
The global thermoplastic elastomer market is estimated to witness a healthy growth, at an estimated CAGR of over 5%, over the forecast period.
Thermoplastic elastomers are adaptable materials, which can be extended without distorting the shape permanently. Thermoplastic elastomers are a physical blend of polymers, which is typically plastic and elastic, and they are manufactured by injection, molding, and extrusion. It is utilized in various applications in the automotive sector, such as airbags, anti-slip mats, window trims, cowl panels, spoilers, and seals & air duct components. Rising demand for automobiles and automotive parts along with increasing consumer spending on automobiles are expected to drive growth of the thermoplastic elastomers market.
The research report studies the Thermoplastic Elastomer Market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market.
Top Key Players in Thermoplastic Elastomer market: DowDuPont Inc., Arkema Group, Asahi Kasei Corporation, PolyOne Corporation, Elastron Kimya SA, Kraton Corporation, Evonik Industries, and Covestro AG.
Regional Analysis:
The market research report on the global Thermoplastic Elastomer market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered.
Key Trends and Analysis of the Thermoplastic Elastomers Market:
Key Takeaways of the Market:
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The post Thermoplastic Elastomer market To Witness High Growth, Dynamics, Production, Demand Analysis And Forecast 2021-2028 appeared first on Gatorledger.
The article discusses the growth and dynamics of the global thermoplastic elastomer market from 2021 to 2028.
What are the key applications of thermoplastic elastomers? They are used in automotive parts, medical equipment, and packaging.
Which region is expected to grow the fastest? Asia Pacific is expected to witness the fastest growth in the TPE market.
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