Global Thermoplastic Elastomers Market Size & Outlook
The thermoplastic elastomers industry worldwide is expected to reach a projected revenue of US$ 40,900.1 million by 2030. A compound annual growth rate of 7.2% is expected of the worldwide thermoplastic elastomers industry from 2024 to 2030.
Revenue, 2023 (US$M)
$25,146.6
Forecast, 2030 (US$M)
$40,900.1
CAGR, 2024 - 2030
7.2%
Report Coverage
Worldwide
Global thermoplastic elastomers market, 2018-2030 (US$M)
Related Markets
Global thermoplastic elastomers market highlights
- The global thermoplastic elastomers market generated a revenue of USD 25,146.6 million in 2023 and is expected to reach USD 40,900.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.2% by 2030.
- In terms of segment, automotive accounted for a revenue of USD 10,226.8 million in 2023.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 25,146.6 million |
| Market revenue in 2030 | USD 40,900.1 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Medical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Electrical & Electronics, Industrial, Medical, Consumer Goods |
Other key industry trends
- In terms of revenue, the North America accounted for 34.7% of the global thermoplastic elastomers market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,891.5 million by 2030.
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Thermoplastic Elastomers Market Scope
Thermoplastic elastomers market segmentation & scope
Thermoplastic Elastomers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global thermoplastic elastomers market size, by regions, 2018-2030 (US$M)
Top 10 countries: Thermoplastic elastomers market size, 2023 (US$M)
Global thermoplastic elastomers market share, by application, 2023 & 2030 (%, US$M)
Thermoplastic elastomers market: Opportunity assessment by country
Global thermoplastic elastomers market, by region, 2023 (US$M)
Related regional statistics
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