The global Thermoplastic Elastomers (TPE) Compounds market size is expected to reach $ 26410 million by 2032, rising at a market growth of 5.1% CAGR during the forecast period (2026-2032).
The Thermoplastic Elastomers (TPE) Compounds market covers Styrenic Block Copolymers (TPS or TPE-S), Thermoplastic Vulcanizates (TPV), etc. The typical players include Kraton Polymers, Dynasol, LG Chem, INEOS Styrolution, 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. TPE compounds that are compounded using at least two different types of polymers. One polymer type adds elastic properties to the compound, the other one provides thermoplastic properties.
The properties of TPE compounds result from mixing two polymers to form a so-called compound. TPE compounds that are compounded using at least two different types of polymers. One polymer type adds elastic properties to the compound, the other one provides thermoplastic properties. TPE compounds include Styrenic Block Copolymers (TPS or TPE-S), Thermoplastic Vulcanizates (TPV), Thermoplastic elastomer hybrids (TEH).
Thermoplastic Elastomers (TPE) Compounds is widely used for Footwear, Automobile, Building & Construction and Other. In Thermoplastic Elastomers (TPE) Compounds market, the Automobile Industry holds an important share in terms of Application and accounts for about 39% of the market share.
Asia-Pacific is the largest consumption place, with a consumer market share of nearly 50% in 2023. It is followed by the Americas, the second largest consumer, with a consumer market share of 26%.
Kraton Polymers, INEOS Styrolution, Sinopec, LCY Technology Corp, Avient Corporation, etc. are the leaders of the industry, with high-end customers. The top five manufacturers held 39% of the market, in terms of Thermoplastic Elastomers (TPE) Compounds revenue in 2023.
With the development of the global economy and the advancement of science and technology, TPE compounds have broad development prospects and are expected to play a more important role in the field of materials science in the future.
This report studies the global Thermoplastic Elastomers (TPE) Compounds production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Thermoplastic Elastomers (TPE) Compounds and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Thermoplastic Elastomers (TPE) Compounds that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Thermoplastic Elastomers (TPE) Compounds total production and demand, 2021-2032, (K MT)
Global Thermoplastic Elastomers (TPE) Compounds total production value, 2021-2032, (USD Million)
Global Thermoplastic Elastomers (TPE) Compounds production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K MT), (based on production site)
Global Thermoplastic Elastomers (TPE) Compounds consumption by region & country, CAGR, 2021-2032 & (K MT)
U.S. VS China: Thermoplastic Elastomers (TPE) Compounds domestic production, consumption, key domestic manufacturers and share
Global Thermoplastic Elastomers (TPE) Compounds production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K MT)
Global Thermoplastic Elastomers (TPE) Compounds production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K MT)
Global Thermoplastic Elastomers (TPE) Compounds production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K MT)
This report profiles key players in the global Thermoplastic Elastomers (TPE) Compounds market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kraton Polymers, Dynasol, LG Chem, INEOS Styrolution, Avient Corporation, Asahi Chemical, Versalis, Mitsubishi Chemical, Sibur, Kumho Petrochemical, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Thermoplastic Elastomers (TPE) Compounds market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K MT) and average price (USD/MT) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Thermoplastic Elastomers (TPE) Compounds Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Thermoplastic Elastomers (TPE) Compounds Market, Segmentation by Type:
Styrenic Block Copolymers (TPS or TPE-S)
Thermoplastic Vulcanizates (TPV)
Others
Global Thermoplastic Elastomers (TPE) Compounds Market, Segmentation by Application:
Footwear
Automobile
Building & Construction
Others
Companies Profiled:
Kraton Polymers
Dynasol
LG Chem
INEOS Styrolution
Avient Corporation
Asahi Chemical
Versalis
Mitsubishi Chemical
Sibur
Kumho Petrochemical
Celanese (ExxonMobil)
Eneos (JSR)
Kuraray
DuPont
HEXPOL
Sinopec
LCY Technology Corp
Taiwan Synthetic Rubber Corp
CNPC
CHIMEI
Ningbo Changhong Polymer Scientific & Technical Inc.
Key Questions Answered:
1. How big is the global Thermoplastic Elastomers (TPE) Compounds market?
2. What is the demand of the global Thermoplastic Elastomers (TPE) Compounds market?
3. What is the year over year growth of the global Thermoplastic Elastomers (TPE) Compounds market?
4. What is the production and production value of the global Thermoplastic Elastomers (TPE) Compounds market?
5. Who are the key producers in the global Thermoplastic Elastomers (TPE) Compounds market?
6. What are the growth factors driving the market demand?
Summary:
Get latest Market Research Reports on Thermoplastic Elastomers (TPE) Compounds. Industry analysis & Market Report on Thermoplastic Elastomers (TPE) Compounds is a syndicated market report, published as Global Thermoplastic Elastomers (TPE) Compounds Supply, Demand and Key Producers, 2026-2032. It is complete Research Study and Industry Analysis of Thermoplastic Elastomers (TPE) Compounds market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.