According to the new market research report “Global Thermoplastic Elastomers (TPE) Market Report 2023-2029”, published by QYResearch, the global Thermoplastic Elastomers (TPE) market size is projected to reach USD 19.73 billion by 2029, at a CAGR of 7.6% during the forecast period.
Major TPE Manufacturers
The Thermoplastic Elastomers (TPE) Compounds market covers Styrenic Block Copolymers (TPS or TPE-S), Thermoplastic Vulcanizates (TPV), etc.
Thermoplastic elastomers can be divided into two types: reactor-made TPEs (e.g. TPA, TPU, and TPC) and TPE compounds (e.g. TPS or TPV). The properties of reactor-made TPEs are implemented in one polymer. The properties of TPE compounds result from mixing two polymers to form a so-called compound.
The global key manufacturers of Thermoplastic Elastomers (TPE) include Kraton Polymers, INEOS Styrolution, Sinopec, LCY Technology Corp, Avient Corporation, TSRC, ExxonMobil, Dynasol, LG Chem, Versalis, etc. In 2021, the global top five players had a share approximately 39.0% in terms of revenue.