Global Thermoplastic Polyester Elastomer (TPE-E) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Injection Molding Grade, Extrusion Grade and Other.

By End-User Industry;

Automotive & Transportation, Healthcare, Building & Construction, Electrical & Electronics, Consumer Goods, and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn295406330 Published Date: May, 2025 Updated Date: June, 2025

Thermoplastic Polyester Elastomer (TPE-E) Market Overview

Thermoplastic Polyester Elastomer (TPE-E) Market (USD Million)

Thermoplastic Polyester Elastomer (TPE-E) Market was valued at USD 1,602.73 million in the year 2024. The size of this market is expected to increase to USD 2,316.04 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.4%.


Global Thermoplastic Polyester Elastomer (TPE-E) Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.4 %
Market Size (2024)USD 1,602.73 Million
Market Size (2031)USD 2,316.04 Million
Market ConcentrationMedium
Report Pages323
1,602.73
2024
2,316.04
2031

Major Players

  • A. Schulman, Inc.
  • BASF SE
  • Celanese Corporation
  • Chang Chun Group
  • Covestro AG
  • DuPont
  • Entec Polymers
  • LG Chem
  • Mitsui Chemicals, Inc.
  • PolyOne Corporation
  • SABIC
  • SICHUAN SUNSHINE PLASTICS CO., LTD.
  • SK Chemicals

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Thermoplastic Polyester Elastomer (TPE-E) Market

Fragmented - Highly competitive market without dominant players


The thermoplastic polyester elastomer (TPE-E) market is experiencing strong growth, fueled by the increasing demand for high-performance materials in diverse industries. TPE-E is valued for its superior elasticity, chemical resistance, and long-term durability, making it a preferred material for automotive, electrical, and industrial applications. Notably, the automotive sector represents nearly 40% of the overall TPE-E demand due to its lightweight, fuel-efficient, and high-strength properties.

Versatility and Cost Efficiency Boost Market Adoption
A significant factor driving TPE-E market expansion is its versatility and cost efficiency. These materials combine the flexibility of elastomers with the processability of thermoplastics, allowing for easy recycling and precision molding, critical for engineering applications. Approximately 30% of TPE-E consumption is concentrated in consumer electronics and medical devices, reflecting their broad industrial appeal.

Innovation in Material Engineering
Technological advancements are further enhancing the TPE-E market's potential. Developments in bio-based and high-temperature-resistant TPE-Es are expanding their use in automotive and industrial sectors. Nearly 20% of recent innovations focus on improved mechanical properties and enhanced durability, reflecting the ongoing push for advanced materials.

Growth Prospects with Industrial Expansion
The TPE-E market is set for robust growth, driven by rising demand in smart electronics, automotive components, and industrial machinery. These sectors collectively account for nearly 15% of the market, underscoring the material's growing importance in cutting-edge applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-User Industry
    3. Market Snapshot, By Region
  4. Thermoplastic Polyester Elastomer (TPE-E) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand in automotive parts
        2. Growth in electrical insulation usage
        3. Flexibility across temperature extremes
        4. Increased use in industrial tubing
      2. Restraints
        1. High cost over standard plastics
        2. Complex processing requirements involved
        3. Limited chemical resistance in applications
        4. Dependency on petroleum-derived feedstock
      3. Opportunities
        1. Adoption in medical device manufacturing
        2. Expansion in soft-touch applications
        3. Demand in high-performance sportswear
        4. Use in 3D printing components
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Thermoplastic Polyester Elastomer (TPE-E) Market, By Type, 2021 - 2031 (USD Million)
      1. Injection Molding Grade
      2. Extrusion Grade
      3. Other
    2. Thermoplastic Polyester Elastomer (TPE-E) Market, By End-User Industry, 2021 - 2031 (USD Million)
      1. Automotive & Transportation
      2. Healthcare
      3. Building & Construction
      4. Electrical & Electronics
      5. Consumer Goods
      6. Other
    3. Thermoplastic Polyester Elastomer (TPE-E) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. A. Schulman, Inc.
      2. BASF SE
      3. Celanese Corporation
      4. Chang Chun Group
      5. Covestro AG
      6. DuPont
      7. Entec Polymers
      8. LG Chem
      9. Mitsui Chemicals, Inc.
      10. PolyOne Corporation
      11. SABIC
      12. SICHUAN SUNSHINE PLASTICS CO., LTD.
      13. SK Chemicals
  7. Analyst Views
  8. Future Outlook of the Market