열가소성 엘라스토머(TPE) 시장은 2024-2031년간 6.4%의 연평균 복합 성장률(CAGR)로 성장하여 2031년에는 406억 달러 이상에 달할 것으로 예상됩니다.
본 조사 보고서는 주요 5개 지역의 열가소성 엘라스토머(TPE) 시장을 상세하게 분석하여 현재 시장 동향, 시장 규모, 시장 점유율, 최근 동향, 2031년까지의 예측 등을 정리한 보고서입니다.
이 시장의 성장을 주도하는 것은 의료기기에서 TPE의 사용 증가와 자동차 산업에서 열가소성 엘라스토머(TPE) TPE의 사용 증가입니다. 또한 급속한 산업화와 건축 및 건설 분야의 TPE 사용 증가는 시장 성장 기회를 가져올 것으로 예상됩니다. 그러나 TPE 재료의 높은 비용은 시장 성장을 억제할 수 있습니다. 낮은 용융 온도는 시장 성장에 걸림돌이 될 것입니다. 그러나 바이오 TPE에 대한 수요 추세는 열가소성 엘라스토머(TPE) 시장의 추세입니다.
(주 : 주요 5개사의 SWOT 분석을 제공합니다)
Thermoplastic Elastomers (TPE) Market by Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Polyether Block Amide, Thermoplastic Vulcanizates, Others), Sector (Automotive, Footwear, Medical Devices, Others), Geography-Forecast to 2031'.
The research report titled, 'Thermoplastic Elastomers (TPE) Market by Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Polyether Block Amide, Thermoplastic Vulcanizates, Others), Sector (Automotive, Footwear, Medical Devices, Others), Geography-Forecast to 2031', provides an in-depth analysis of the thermoplastic elastomers market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The thermoplastic elastomers market is projected to reach above $40.6 billion by 2031, at a CAGR of 6.4% from 2024 to 2031.
The growth of this market is driven by the rising use of TPE in medical devices and the increasing use of thermoplastic elastomers TPE in the automotive industry. In addition, rapid industrialization and the rising use of TPE in the building and construction sector are expected to provide opportunities for market growth. However, the high cost of TPE materials can restrain the growth of the market. Low melting temperature poses challenges for market growth. However, Growing demand for bio-based TPE is a trend in the thermoplastic elastomers market.
The thermoplastic elastomers market is segmented based on type (styrenic block copolymers (SBC/TPE-S)(styrene-butadiene-styrene block copolymer (SBS), styrene-isoprene-styrene block copolymer (SIS), styrene-ethylene-propylene-styrene block copolymer (SEBS), styrene-ethylene-ethylene-butylene-styrene block copolymer (SEEPS), styrene-ethylene-propylene-styrene block copolymer (SEPS), styrene-ethylene-propylene-styrene block copolymer (SEPS-V)), thermoplastic polyurethane elastomers (TPE-U/TPU), thermoplastic vulcanizates (TPE-V/TPV), thermoplastic copolyesters elastomers (COPE/TEEE/TPE-E), polyether block amide (TPE-A), and thermoplastic polyolefin elastomers (TPO)), Sector (automotive, building & construction, medical devices, electrical & electronics, footwear, sports & leisure, packaging, food & beverage, transportation & logistics, and other sectors). The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on type, the thermoplastic elastomers market is broadly segmented into styrenic block copolymers (SBC/TPE-S), thermoplastic polyurethane elastomers (TPE-U/TPU), thermoplastic 8vulcanizates (TPE-V/TPV), thermoplastic copolyesters elastomers (COPE/TEEE/TPE-E), polyether block amide (TPE-A), and thermoplastic polyolefin elastomers (TPO). In 2024, the styrenic block copolymers (SBC/TPE-S) segment is expected to account for the largest share of 25.0% of the thermoplastic elastomers market. The large market share of this segment is attributed to the product's rubber-like elastic properties, excellent thermal stability combined with excellent softness, and growing applications of SBC in various industries, such as sporting goods and footwear, consumer goods, mobility, electronics, and medical applications.
However, the thermoplastic polyurethane elastomers (TPE-U/TPU) segment is expected to record the highest CAGR during the forecast period. This segment's growth is driven by the rising use of TPE in the automotive industry, increasing demand for TPU in the footwear industry, and growing demand for biodegradable plastic to reduce environmental pollution.
In addition, the rising focus of market players on product development and enhancement is expected to drive segment growth. For instance, in September 2023, Trinseo (U.S.), a specialty materials solutions provider, launched a new transparent thermoplastic elastomer (TPE) grade for footwear applications. The APILON(TM) 52 XB-75A CRISTALLO is Trinseo's first ester-based transparent thermoplastic polyurethane (TPU) and an important addition to the company's growing portfolio of solutions for fashion & footwear.
Based on sector, the thermoplastic elastomers market is segmented into automotive, building & construction, medical devices, electrical & electronics, footwear, sports & leisure, packaging, food & beverage, transportation & logistics, and other sectors. In 2024, the automotive segment is expected to account for the largest share of 47.0% of the thermoplastic elastomers market. The large market share of this segment is attributed to the rising use of TPE in automotive applications due to its flexibility, excellent wear, chemical and electrical resistance, and UV stability, increasing demand for lightweight material in the automotive industry to increase fuel efficiency, growth of electric vehicles (EV) and hybrid electric vehicles (HEV) and rising focus of market players to launch TPE for automotive applications.
For instance, in September 2023, KRAIBURG TPE (Germany), a global manufacturer of thermoplastic elastomer materials, launched its revolutionary TPE compound series, tailored exclusively for automotive exterior applications.
However, the footwear segment is expected to record the highest CAGR during the forecast period. The growth of this segment is driven by the rising demand for durable and comfortable shoes, rising consumer spending on footwear, the increasing focus of manufacturers on using thermoplastic elastomers in footwear manufacturing, and the increasing focus of market players on launching TPE for footwear applications. For instance, in September 2023, Trinseo (U.S.) launched a new transparent thermoplastic elastomer (TPE) grade for footwear applications.
Based on geography, the thermoplastic elastomers market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 44.0% of the thermoplastic elastomers market. The large market in this region is attributed to the rising demand for thermoplastic elastomers from the automotive, construction, and consumer goods industries, rising infrastructure developments, rapid industrialization, increasing household income, rising urbanization, and growing footwear and apparel production.
Moreover, the Asia-Pacific region is expected to record the highest CAGR of 8.0% during the forecast period. The rising focus of market players to expand their presence in the region is expected to drive market growth in the region. For instance, in February 2023, Covestro AG (Germany) announced an investment to build its largest TPU site in China. The new site is to be built in Zhuhai, South China, with an annual capacity of 120,000 tons of TPU per year after the final phase of expansion.
The key players operating in the thermoplastic elastomers market are Arkema S.A.(France), BASF SE (Germany), Dow Inc. (U.S.), Convestro AG (Germany), Huntsman Corporation (U.S.), Teknor Apex (U.S.), The Lubrizol Corporation (U.S.), Tosoh Corporation (Japan), Kraton Corporation (U.S.), China Petroleum and Chemical Corporation (China), Mitsubishi Chemical Group Corporation (Japan), DuPont (U.S.), Evonik Industries (Germany), Asahi Kasei Corporation (Japan) and Zeon Corporation (Japan).
Thermoplastic Elastomers Market Assessment-by Type
Thermoplastic Elastomers Market Assessment-by Sector
Thermoplastic Elastomers Market Assessment-by Geography
(Note: SWOT analysis of the top 5 companies will be provided)