Thermoplastic Elastomers Market - Forecast (2023 - 2028)

Thermoplastic Elastomers Market size is forecasted to reach US$38.2 billion by 2027, after growing at a CAGR of 5.6% during the forecast period 2022-2027. Thermoplastic elastomers are made up of plastic and elastomer ingredients that have both thermoplastic, thermosets, and elastomeric qualities. Thermoplastic Elastomers such as polystyrenes, polyurethanes, polyesters, and polyamides are widely employed in the automobile industry. Thermoplastic elastomers are also used in the construction sector for roofing, adhesives, sealants, and coatings for industrial purposes, and wire and cables in the electrical and electronic industries, as well as in the manufacture of consumer products. The medical and electronics business is one of the primary contributors to this market. The expansion of coronavirus resulted in a surge in demand for medical equipment, which supported the thermoplastics elastomers market growth in 2020. However, the covid-19 pandemic has had a significant impact on the other end-use industries, as a result, the thermoplastic elastomer market was hampered.



This product will be delivered within 2 business days.