Thermoplastic Polyamide Elastomers (TPE) Market
By Application;
Automotive, Consumer Goods, Industrial, Medical and PackagingBy Product Type;
Aromatic and AlipharicBy Processing;
Injection Molding, Extrusion, Blow Molding, Compression Molding and ThermoformingBy End-Use Industry;
Automotive, Consumer Goods, Industrial, Medical and PackagingBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Global Thermoplastic Polyamide Elastomer (TPE) Market Overview
Global Thermoplastic Polyamide Elastomer (TPE) Market (USD Million)
Thermoplastic Polyamide Elastomer (TPE) Market was valued at USD 2,126.71 million in the year 2024. The size of this market is expected to increase to USD 3,145.36 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.
Thermoplastic Polyamide Elastomers (TPE) Market
*Market size in USD million
CAGR 5.8 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 5.8 % |
| Market Size (2024) | USD 2,126.71 Million |
| Market Size (2031) | USD 3,145.36 Million |
| Market Concentration | Medium |
| Report Pages | 304 |
Major Players
- Solvay S.A.
- LANXESS Corporation
- Nexeo Solutions
- Polyone
- NYCOA
- Arkhema
- RTP company
- Evonik Industry
- LG Chem
- BASF SA
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Thermoplastic Polyamide Elastomers (TPE) Market
Fragmented - Highly competitive market without dominant players
The Thermoplastic Polyamide Elastomers (TPE) Market is witnessing strong demand due to its unique balance of flexibility, durability, and chemical resistance. Nearly 45% of usage is concentrated in sectors such as automotive and electronics, where high-performance materials are increasingly replacing conventional alternatives. The material’s ability to deliver lightweight yet robust solutions positions it as a vital choice in advanced applications.
Performance-Driven Adoption
Close to 50% of ongoing developments emphasize enhanced mechanical strength, abrasion resistance, and thermal stability. Industries prefer TPE because it ensures product longevity without compromising on lightweight properties. This combination makes it an indispensable material in manufacturing processes that demand long-term performance.
Sustainability Advantage
Around 40% of adoption trends are influenced by the growing push toward eco-friendly materials. Thermoplastic polyamide elastomers can be recycled, helping industries minimize environmental impact while reducing waste. This sustainability factor not only boosts market attractiveness but also aligns with global efforts to implement greener production methods.
Versatile Industrial Applications
Nearly 55% of the market demand comes from its integration in products requiring chemical resistance, flexibility, and wear tolerance. From consumer goods to industrial machinery, TPEs are gaining preference due to their ability to perform consistently across varying environments. This versatility strengthens their value proposition in competitive manufacturing spaces.
Thermoplastic Polyamide Elastomers (TPAE) Market Key Takeaways
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Automotive & e-mobility adoption: Lightweighting trends, under-hood durability requirements and electrification are driving the use of polyamide-block TPAEs in cable jacketing, sensor housings and flexible connectors within vehicle platforms. :contentReference[oaicite:0]{index=0}
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Material performance advantage in harsh environments: TPAEs offer superior chemical, hydrolysis and thermal resistance compared to many standard elastomers—making them preferred for challenging applications in electronics, industrial machinery and premium goods. :contentReference[oaicite:1]{index=1}
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Sustainability and circular-economy relevance: Around 40% of adoption is influenced by eco-driven preferences for recyclable and bio-based formulations of TPAEs, supporting manufacturers’ green credentials. :contentReference[oaicite:2]{index=2}
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A-Pacific strategic manufacturing and consumption hub: Asia-Pacific led with about 41% share in 2022, underpinned by strong electronics, automotive and consumer-goods manufacturing bases. :contentReference[oaicite:3]{index=3}
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Moderate growth yet niche premium position: With a projected CAGR around 5.6–5.8% through the forecast period, the TPAE segment remains smaller than general TPEs but occupies high-value applications and performance niches. :contentReference[oaicite:4]{index=4}
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Raw-material and competitive threats persist: Although offering technical advantages, TPAEs face cost and feed-stock pressures versus traditional elastomers; meanwhile alternative high-performance polymers may limit further penetration. :contentReference[oaicite:5]{index=5}
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Expand application scope beyond automotive: Growth opportunites lie in wearables, sports gear, flexible electronics and high-end industrial tubing where TPAEs’ soft-touch, durability and chemical-resistance unlock new value streams. :contentReference[oaicite:6]{index=6}
Thermoplastic Polyamide Elastomer (Tpe) Market Recent Developments
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In July 2022, BASF SE approved the second phase of its Verbund site construction in Zhanjiang, Guangdong, China, backed by a USD 10 billion investment plan through 2030. The project includes a steam cracker and downstream petrochemical plants, positioning it as BASF’s third-largest Verbund site globally, with ongoing developments in engineering plastics and thermoplastic polyurethanes (TPU) production.
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In January 2021, Covestro expanded its portfolio of alternative raw materials by introducing a line of partially bio-based TPUs, now marketed under the brand name Desmopan, reinforcing its commitment to sustainable material innovation.
Thermoplastic Polyamide Elastomers (TPE) Market Segment Analysis
In this report, the Thermoplastic Polyamide Elastomers (TPE) Market has been segmented by Application, Product Type, Processing, End-Use Industry and Geography. The structure supports a clear evaluation of growth drivers, evolving demand patterns, manufacturing capability expansion, and technology adoption across value chains. It further frames partnerships, regulatory considerations, and future outlook for strategic decision-making in sourcing, product design, and market development.
Thermoplastic Polyamide Elastomers (TPE) Market, Segmentation by Application
The Application lens assesses how TPE performance attributes—chemical resistance, flexibility, and recyclable processing advantages—translate into differentiated value across end uses. Vendors emphasize co-development with converters, material certifications, and lifecycle benefits to navigate cost versus performance trade-offs. This axis also highlights lightweighting, durability, and design freedom as key drivers for substitution against conventional elastomers and multi-material assemblies.
Automotive
Automotive applications prioritize lightweighting, NVH optimization, and resistance to chemicals and temperature cycling. TPE grades enable overmolding on engineering plastics for seals, boots, and interior touch surfaces, improving manufacturability and recyclability. OEM-supplier partnerships and compliance with global specifications shape qualification pipelines and long-term platform wins.
Consumer Goods
In consumer goods, brand owners leverage soft-touch aesthetics, design versatility, and skin-contact suitability for grips, wearables, and appliance components. Short design cycles reward suppliers offering color matching, rapid sampling, and stable supply assurance. Sustainability narratives around recyclability and reduced assembly steps support margin defense and portfolio premiumization.
Industrial
Industrial uses demand abrasion resistance, chemical durability, and prolonged fatigue life under dynamic loads for hoses, belts, and protective components. Buyers value process consistency, warranty performance, and multi-site availability. Strategic alliances with OEMs and distributors help extend reach into maintenance, repair, and overhaul channels where reliability is a primary purchase driver.
Medical
The medical segment emphasizes biocompatibility, sterilization compatibility, and regulatory compliance across device components, tubes, and soft interfaces. Suppliers differentiate through documented change control, material traceability, and robust quality systems. Partnerships with device makers support iterative design validation and long lifecycle programs with stringent risk management needs.
Packaging
In packaging, TPEs enable seal integrity, reclosable features, and impact protection while supporting recyclable structures. Converters focus on throughput, stable extrusion windows, and compatibility with multilayer designs. Brand and converter collaboration steers downgauging and end-of-life strategies that align with retailer and regulatory sustainability agendas.
Thermoplastic Polyamide Elastomers (TPE) Market, Segmentation by Product Type
The Product Type segmentation captures differences in polymer architecture that influence mechanical performance, chemical resistance, and thermal stability. Balancing property sets with cost and processability guides selection across applications. Producers invest in R&D for tailored copolymer blocks, catalyst systems, and additive packages while building technical service for application-specific optimization.
Aromatic
Aromatic grades typically offer enhanced heat resistance, stiffness retention, and chemical durability, supporting under-hood automotive, industrial, and demanding consumer components. Their profile aligns with long service life and reduced maintenance, aiding total cost of ownership cases. Suppliers position these grades for premium performance where reliability and safety are core purchase criteria.
Alipharic
Alipharic grades emphasize flexibility, low-temperature impact, and favorable processability, fitting soft-touch consumer parts, seals, and flexible profiles. Their ease in injection molding and extrusion supports high-volume manufacturing with rapid cycle times. Formulators target cost-effective solutions that maintain aesthetics and functional durability across diverse environments.
Thermoplastic Polyamide Elastomers (TPE) Market, Segmentation by Processing
The Processing axis reflects how TPEs translate into manufacturing efficiency, design freedom, and scalable output. Material selection weighs melt behavior, cycle time, bonding to substrates, and dimensional stability. Equipment investments, operator expertise, and post-processing needs shape cost-to-serve and inform supplier support models including tooling guidance and on-site optimization.
Injection Molding
Injection molding enables complex geometries, overmolding, and consistent surface finish for automotive, medical, and consumer parts. Priorities include flow, shrink control, and adhesion to engineering plastics. Suppliers differentiate through mold-fill simulation, gate optimization support, and robust processing windows that protect quality at scale.
Extrusion
Extrusion supports profiles, tubes, films, and wire coatings where line speed and dimensional uniformity are critical. Stable rheology and die design guidance reduce scrap and ensure consistent mechanical performance. Collaboration with converters targets throughput gains and controlled cooling and take-off to meet tight specifications.
Blow Molding
Blow molding delivers hollow articles and protective components with good impact resistance and weight savings. Resin selection centers on melt strength, parison stability, and environmental stress cracking resistance. Process tuning and tooling alignment enable reliable wall distribution and performance uniformity.
Compression Molding
Compression molding serves robust seals and reinforced parts where pressure and heat cycles define final properties. It favors lower scrap and thick-section control, supporting industrial and specialty components. Suppliers provide curing and cooling strategies that optimize cycle time without compromising mechanical integrity.
Thermoforming
Thermoforming offers rapid shaping of sheets into protective or ergonomic forms with attractive surface quality. Processor priorities include sheet thickness control, heating profiles, and trim management. Material guidance focuses on maintaining impact resistance and aesthetics after forming to meet end-use demands.
Thermoplastic Polyamide Elastomers (TPE) Market, Segmentation by End-Use Industry
The End-Use Industry view mirrors application needs but centers on sector-specific qualification pathways, standards, and buying behaviors. It clarifies where spec-in wins, distributor reach, and sustainability narratives accelerate adoption. Suppliers tailor technical service, documentation, and supply models to align with industry governance and risk frameworks.
Automotive
In automotive, TPEs back interior touchpoints, seals, bellows, and cable management with proven durability and temperature resistance. Platform alignment, PPAP rigor, and global logistics underpin multi-year volume stability. Collaboration on electrification trends and lightweight architectures supports long-term material roadmaps.
Consumer Goods
Consumer goods prioritize ergonomic design, color breadth, and skin-contact suitability for premium user experience. Agile sampling, color consistency, and reliable lead times are key to retailer resets and seasonal launches. Sustainability claims around recyclability and simplified assemblies reinforce value.
Industrial
Industrial buyers emphasize uptime, wear resistance, and predictable maintenance intervals. TPEs replace multi-component systems with durable, process-efficient solutions. Partnerships with OEMs and channel players expand service coverage and ensure specification continuity across sites.
Medical
Medical device stakeholders require documented biocompatibility, sterilization compatibility, and stringent change management. Suppliers differentiate with stable formulations, comprehensive regulatory files, and post-market support. Long device lifecycles reward consistent supply and robust risk mitigation practices.
Packaging
Packaging converts leverage TPEs for sealing reliability, protective features, and tactile differentiation. Operational focus includes line efficiency, waste reduction, and compatibility with recyclable structures. Co-engineering on downgauging and circularity claims aids compliance with retailer and regional regulations.
Thermoplastic Polyamide Elastomers (TPE) Market, Segmentation by Geography
In this report, the Thermoplastic Polyamide Elastomers (TPE) Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America benefits from advanced automotive, medical, and industrial bases that value high-performance materials and stringent compliance. Emphasis on lightweighting, supply chain resilience, and near-shoring supports steady TPE demand. Partnerships across OEMs, tier suppliers, and converters drive specification depth and long-term platform stability.
Europe
Europe is shaped by rigorous regulations, sustainability mandates, and leadership in automotive and industrial engineering. Circularity initiatives favor recyclable solutions and eco-design, supporting TPE adoption in sophisticated applications. Collaboration with regional converters and brand owners aligns materials with evolving standards and performance criteria.
Asia Pacific
Asia Pacific combines large-scale manufacturing ecosystems with growing consumer and medical markets. Expanding automotive production and electronics diversification encourage localized TPE supply and technical support. Investments in capacity and application R&D underpin competitive pricing and rapid commercialization.
Middle East & Africa
Middle East & Africa reflects emerging industrial activity and infrastructure development, with demand concentrating in construction-adjacent and industrial components. Market entry strategies hinge on distributor partnerships, qualification throughput, and reliable logistics. Opportunities expand with diversification agendas and localized conversion capabilities.
Latin America
Latin America presents diversified opportunities across consumer goods, automotive, and packaging, influenced by currency dynamics and trade policies. Suppliers compete on service levels, technical assistance, and flexible supply to manage volatility. Collaboration with regional converters supports cost-effective designs that maintain functional performance.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Thermoplastic Polyamide Elastomer (Tpe) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing demand for lightweight and fuel-efficient materials
- Growth in automotive, aerospace, and industrial applications
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Rising need for flexible and durable materials in various industries - The rising need for flexible and durable materials in various industries is a key driver of growth in the global thermoplastic polyamide elastomer (TPE) market. Industries such as automotive, aerospace, and consumer electronics increasingly demand materials that can provide superior flexibility, strength, and resistance to wear and tear. Thermoplastic polyamide elastomers offer a unique combination of these properties, making them ideal for applications where traditional materials may fall short. For example, in the automotive sector, TPEs are used in parts like seals, gaskets, and cable insulations, where flexibility and durability are critical for ensuring long-term performance under various environmental conditions.
As industries focus on improving the longevity and functionality of their products, the demand for materials that can withstand harsh conditions without sacrificing flexibility is rising. TPEs are gaining popularity due to their resistance to high temperatures, abrasion, and chemical exposure, making them suitable for applications in extreme environments, such as industrial machinery and electrical equipment. The ability of thermoplastic polyamide elastomers to maintain their properties over extended periods of use further contributes to their growing adoption in industries where reliability and durability are paramount. This shift is driven by the need for materials that can provide consistent performance in demanding applications, reducing maintenance costs and enhancing product lifespan.
The versatility of thermoplastic polyamide elastomers allows them to be used across a wide range of products and industries, from flexible tubing and seals to automotive interior components. As businesses seek to improve the performance and efficiency of their products, the demand for high-performance materials like TPEs is expected to continue growing. This trend is particularly evident in sectors such as medical devices, where the material's ability to offer both durability and flexibility is crucial for ensuring safety and comfort. With ongoing advancements in TPE formulation and processing techniques, the material's potential applications will likely expand, driving further growth in the global market.
Restraints
- High production costs compared to traditional materials
- Limited availability of raw materials
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Complexity in processing and molding - The complexity in processing and molding thermoplastic polyamide elastomers (TPEs) arises from the intricate balance of flexibility and strength that these materials need to maintain throughout the production process. TPEs typically require precise control over temperature and pressure during molding to achieve optimal performance and consistency. The combination of polyamide and elastomer components in TPEs makes the material challenging to process, as the different components must be properly blended to ensure uniformity and avoid defects such as warping or inconsistencies in material properties. The complexity of molding is further increased by the high viscosity of TPEs, which can make it difficult to inject the material into intricate mold cavities without causing issues such as incomplete filling or air bubbles.
The high processing temperatures required for TPE molding present further challenges, particularly for manufacturers working with multi-material molds or those aiming to achieve fine details. The material’s sensitivity to temperature fluctuations means that any deviation can lead to dimensional inaccuracies or weakened structural integrity of the final product. Molding equipment must be meticulously calibrated to accommodate the material's unique characteristics, and mold maintenance becomes critical to avoid defects that arise from wear and tear. The combination of these factors means that specialized expertise and advanced technologies are often required, which increases both the complexity and cost of the manufacturing process.
The molding of thermoplastic polyamide elastomers often requires the use of multi-step processes, such as multi-shot injection molding, to incorporate various material properties into a single component. This process requires careful coordination of multiple stages, with precise timing and control over each step. The integration of different materials—such as soft and hard components—into the same part adds an additional layer of complexity, as manufacturers must ensure that each material bonds properly without compromising the overall functionality of the part. These challenges make TPE production more resource-intensive, requiring both advanced machinery and skilled labor to ensure high-quality results.
Opportunities
- Expansion in emerging markets with industrial growth
- Technological advancements in material properties and production methods
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Rising demand for eco-friendly and sustainable elastomers - The rising demand for eco-friendly and sustainable elastomers is a significant driver in the growth of the global thermoplastic polyamide elastomer (TPE) market. As environmental concerns continue to mount, industries are increasingly seeking materials that offer both high performance and minimal environmental impact. TPEs, which are recyclable and free from harmful substances like PVC or phthalates, are gaining favor for their eco-friendly properties. These materials can be reused, reducing the need for new raw materials and helping to mitigate waste. As the push toward sustainability intensifies, companies are focusing on developing greener alternatives to traditional elastomers, and TPEs are becoming a key part of this shift.
In response to consumer demand for sustainable products, industries like automotive, construction, and electronics are turning to TPEs as part of their environmental initiatives. The material’s ability to be recycled without degradation in quality makes it a strong candidate for circular economy models. Additionally, TPEs are often made from renewable resources, which further supports their sustainability credentials. As regulatory standards around sustainability become more stringent and companies are held accountable for their environmental impact, TPEs offer a viable alternative that helps businesses comply with green standards while maintaining product performance.
The increased focus on sustainability is also driving research and development in the TPE market, leading to innovations that improve the environmental footprint of these materials. Manufacturers are exploring bio-based TPEs made from renewable sources, such as plant-based polymers, which not only reduce reliance on fossil fuels but also promote sustainability throughout the product lifecycle. As more industries seek to reduce their carbon footprint and improve energy efficiency, the demand for eco-friendly and sustainable elastomers like TPEs is expected to grow, contributing to a more sustainable future across various sectors.
Thermoplastic Polyamide Elastomers (TPE) Market Competitive Landscape Analysis
Thermoplastic Polyamide Elastomers (TPE) Market is witnessing intensifying competition as manufacturers implement advanced strategies to meet demand from automotive, electronics, and consumer goods sectors. With nearly 49% of adoption linked to automotive lightweight applications, collaboration, partnerships, and product diversification are fueling growth. Companies emphasize durability, flexibility, and sustainability to strengthen long-term positioning.
Market Structure and Concentration
The market reflects moderate concentration, with about 54% share held by global polymer and specialty chemical producers. Mid-sized firms compete with region-specific product portfolios, while larger corporations drive merger initiatives and international expansion. This consolidation strengthens competitiveness and ensures efficiency across multiple high-performance applications.
Brand and Channel Strategies
Nearly 58% of companies enhance brand visibility through quality certifications, eco-friendly labeling, and customer-focused service models. Distribution relies on direct industrial sales, specialty chemical suppliers, and digital platforms. Firms adopt strategies involving strong distributor partnerships and end-user collaborations to secure consistent growth in automotive, electronics, and consumer applications.
Innovation Drivers and Technological Advancements
Around 52% of competitive advantage stems from technological advancements in processing efficiency, bio-based formulations, and improved heat resistance. Continuous innovation enhances recyclability, performance, and sustainability. Companies invest in R&D to align with lightweight design trends and regulatory standards, ensuring strong adoption across critical industrial sectors.
Regional Momentum and Expansion
Europe accounts for over 44% of adoption due to stringent environmental regulations, while Asia-Pacific shows rapid expansion driven by automotive and electronics manufacturing. Regional collaboration between suppliers and OEMs strengthens integration. Strategic partnerships with local distributors support efficiency, ensuring sustainable growth in both mature and emerging markets.
Future Outlook
The future outlook suggests demand may rise by more than 37% as industries prioritize lightweight, recyclable, and high-performance materials. Ongoing innovation in sustainable chemistry, advanced processing strategies, and material science will define competitiveness. Long-term partnerships and next-generation technological advancements are expected to drive expansion and strengthen industry resilience.
Key players in Thermoplastic Polyamide Elastomer (Tpe) Market include :
- BASF SE
- Arkema S.A.
- DuPont
- SABIC
- Evonik Industries AG
- ExxonMobil
- LG Chem
- Mitsui Chemicals
- Mitsubishi Chemical Corporation
- Solvay
- Asahi Kasei Corporation
- Lanxess
- Kraton Polymers LLC
- Kuraray Co., Ltd.
- Sumitomo Chemical
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- market share analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Application
- Market Snapshot, By Product Type
- Market Snapshot, By Processing
- Market Snapshot, By End-Use Industry
- Market Snapshot, By Region
- Thermoplastic Polyamide Elastomers (TPE) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing demand for lightweight and fuel-efficient materials
- Growth in automotive, aerospace, and industrial applications
- Rising need for flexible and durable materials in various industries
- Restraints
- High production costs compared to traditional materials
- Limited availability of raw materials
- Complexity in processing and molding
- Opportunities
- Expansion in emerging markets with industrial growth
- Technological advancements in material properties and production methods
- Rising demand for eco-friendly and sustainable elastomers
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Thermoplastic Polyamide Elastomers (TPE) Market, By Application, 2021 - 2031 (USD Million)
- Automotive
- Consumer Goods
- Industrial
- Medical
- Packaging
- Thermoplastic Polyamide Elastomers (TPE) Market, By Product Type, 2021 - 2031 (USD Million)
- Aromatic
- Alipharic
- Thermoplastic Polyamide Elastomers (TPE) Market, By Processing, 2021 - 2031 (USD Million)
- Injection Molding
- Extrusion
- Blow Molding
- Compression Molding
- Thermoforming
- Thermoplastic Polyamide Elastomers (TPE) Market, By End-Use Industry, 2021 - 2031 (USD Million)
- Automotive
- Consumer Goods
- Industrial
- Medical
- Packaging
- Thermoplastic Polyamide Elastomers (TPE) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Thermoplastic Polyamide Elastomers (TPE) Market, By Application, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF SE
- Arkema S.A.
- DuPont
- SABIC
- Evonik Industries AG
- ExxonMobil
- LG Chem
- Mitsui Chemicals
- Mitsubishi Chemical Corporation
- Solvay
- Asahi Kasei Corporation
- Lanxess
- Kraton Polymers LLC
- Kuraray Co., Ltd.
- Sumitomo Chemical
- Company Profiles
- Analyst Views
- Future Outlook of the Market

