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Global demand for thermoplastic elastomers in the industrial market is forecast to grow 3.5% yearly to 823,000 metric tons in 2024. Gains will be supported by:
However, stronger growth will be restrained by the need to recover that arose from the closure of “nonessential” businesses, raw material shortages, and falling investment in new machinery during the COVID-19 pandemic in 2020.
Thermoplastic vulcanizates (TPVs) and thermoplastic polyurethanes (TPUs) are expected to experience above average growth through 2024 due to:
Styrenic block copolymers (SBCs) will remain the most widely used TPE in industrial products, accounting for 32% of demand in 2024, with this position supported by SBC’s soft touch – useful for such applications as knobs and grips – and its relatively low price. SBC’s market share will continue to decline, however, as other TPEs with properties such as high impact strength and light weight penetrate more demanding industrial applications.
China is a massive market for TPEs used in industrial products that will account for 74% of absolute regional gains and 50% of absolute global gains through 2024 due to the country’s massive manufacturing base. India is also expected to see above average growth, with gains in both countries driven by expanding penetration of TPEs in the manufacture of an array of industrial products as well as by increases in machinery manufacturing.
Although TPE penetration is already high in Japan, South Korea, and Taiwan – as well as in North America and Western Europe – are mature, additional opportunities exist for TPEs to supplant thermoset rubber, particularly in more demanding applications such as engine components or those used in metalworking where fluid exposure is high.
1. Executive Summary
2. About This Report
Report Details
Study Scope & Product Description
Impact of COVID-19 Pandemic
3. Overview
Historical Market Trends
Demand by Elastomer Type
Demand by Application
Gaskets & Seals
Hoses & Belts
Other Industrial Products
Demand by Region
Pricing Trends
Leading Producers
4. North America
North America: Demand by Country
North America: Demand by Product
United States
United States: Industrial Thermoplastic Elastomers Market Size
United States: Demand by Product
Canada
Canada: Industrial Thermoplastic Elastomers Market Size
Canada: Demand by Product
Mexico
Mexico: Industrial Thermoplastic Elastomers Market Size
Mexico: Demand by Product
5. Central & South America
Central & South America: Demand by Country
Central & South America: Demand by Product
Brazil
Brazil: Industrial Thermoplastic Elastomers Market Size
Brazil: Demand by Product
Other Central & South America
Other Central & South America: Industrial Thermoplastic Elastomers Market Size
Other Central & South America: Demand by Product
6. Western Europe
Western Europe: Demand by Country
Western Europe: Demand by Product
Germany
Germany: Industrial Thermoplastic Elastomers Market Size
Germany: Demand by Product
Italy
Italy: Industrial Thermoplastic Elastomers Market Size
Italy: Demand by Product
United Kingdom
United Kingdom: Industrial Thermoplastic Elastomers Market Size
United Kingdom: Demand by Product
France
France: Industrial Thermoplastic Elastomers Market Size
France: Demand by Product
Spain
Spain: Industrial Thermoplastic Elastomers Market Size
Spain: Demand by Product
Other Western Europe
Other Western Europe: Industrial Thermoplastic Elastomers Market Size
Other Western Europe: Demand by Product
7. Eastern Europe
Eastern Europe: Demand by Country
Eastern Europe: Demand by Product
Russia
Russia: Industrial Thermoplastic Elastomers Market Size
Russia: Demand by Product
Other Eastern Europe
Other Eastern Europe: Industrial Thermoplastic Elastomers Market Size
Other Eastern Europe: Demand by Product
8. Asia/Pacific
Asia/Pacific: Demand by Country
Asia/Pacific: Demand by Product
China
China: Industrial Thermoplastic Elastomers Market Size
China: Demand by Product
Japan
Japan: Industrial Thermoplastic Elastomers Market Size
Japan: Demand by Product
South Korea
South Korea: Industrial Thermoplastic Elastomers Market Size
South Korea: Demand by Product
India
India: Industrial Thermoplastic Elastomers Market Size
India: Demand by Product
Taiwan
Taiwan: Industrial Thermoplastic Elastomers Market Size
Taiwan: Demand by Product
Thailand
Thailand: Industrial Thermoplastic Elastomers Market Size
Thailand: Demand by Product
Other Asia/Pacific
Other Asia/Pacific: Industrial Thermoplastic Elastomers Market Size
Other Asia/Pacific: Demand by Product
9. Africa/Mideast
10. Appendix
Scope
Definitions
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Country Lists by Region
Macroeconomic Assumptions
Global Economic Environment
Global Demographic Trends
2. About This Report
Table 2-1 | Annual Global Industrial Thermoplastic Elastomer Demand by Region, 2019 - 2021 (thousand metric tons)
3. Overview
Table 3-1 | Global Industrial Thermoplastic Elastomer Demand, 2004 - 2019 (thousand metric tons)
Table 3-2 | Global Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 3-3 | Global Industrial Thermoplastic Elastomer Demand by Application, 2009 - 2029 (thousand metric tons)
Table 3-4 | Global Industrial Thermoplastic Elastomer Demand by Region, 2009 - 2029 (thousand metric tons)
4. North America
Table 4-1 | North America: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)
Table 4-2 | North America: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 4-3 | United States: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 4-4 | Canada: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 4-5 | Mexico: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
5. Central & South America
Table 5-1 | Central & South America: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)
Table 5-2 | Central & South America: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 5-3 | Brazil: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 5-4 | Other Central & South America: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
6. Western Europe
Table 6-1 | Western Europe: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)
Table 6-2 | Western Europe: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 6-3 | Germany: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 6-4 | Italy: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 6-5 | United Kingdom: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 6-6 | France: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 6-7 | Spain: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 6-8 | Other Western Europe: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
7. Eastern Europe
Table 7-1 | Eastern Europe: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)
Table 7-2 | Eastern Europe: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 7-3 | Russia: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 7-4 | Other Eastern Europe: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
8. Asia/Pacific
Table 8-1 | Asia/Pacific: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)
Table 8-2 | Asia/Pacific: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 8-3 | China: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 8-4 | Japan: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 8-5 | South Korea: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 8-6 | India: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 8-7 | Taiwan: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 8-8 | Thailand: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
Table 8-9 | Other Asia/Pacific: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
9. Africa/Mideast
Table 9-1 | Africa/Mideast: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)
10. Appendix
Table 10-1 | Relevant HS Codes
Table 10-2 | Relevant NACE Codes
Table 10-3 | Relevant NAICS & SIC Codes
Table 10-4 | Countries in North America
Table 10-5 | Countries in Central & South America
Table 10-6 | Countries in Western Europe
Table 10-7 | Countries in Eastern Europe
Table 10-8 | Countries in the Asia/Pacific Region
Table 10-9 | Countries in the Africa/Mideast Region
Table 10-10 | Global Gross Domestic Product by Region & Country, 2009 - 2029 (billion 2018 dollars)
Table 10-11 | Global Population by Region & Country, 2009 - 2029 (million persons)
1. Executive Summary
Figure 1-1 | Global Industrial Thermoplastic Elastomer Market
2. About This Report
Figure 2-1 | Global Industrial Thermoplastic Elastomer Demand Annual Growth, 2018 - 2024 (% CAGR)
3. Overview
Figure 3-1 | Global Industrial Thermoplastic Elastomer Demand, 2004 - 2019 (thousand metric tons)
Figure 3-2 | Global Industrial Thermoplastic Elastomer Volume Demand Growth by Product, 2009 - 2029 (% CAGR)
Figure 3-3 | Global Industrial Thermoplastic Elastomer Demand for Gaskets & Seals, 2002-2024 (thousand metric tons)
Figure 3-4 | Global Industrial Thermoplastic Elastomer Demand for Hoses & Belts, 2002-2024 (thousand metric tons)
Figure 3-5 | Global Industrial Thermoplastic Elastomer Demand for Other Industrial Products, 2002-2024 (thousand metric tons)
Figure 3-6 | Global Industrial Thermoplastic Elastomer Demand by Region, 2009 - 2029 (thousand metric tons)
4. North America
Figure 4-1 | North America: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)
Figure 4-2 | United States: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 4-3 | Canada: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 4-4 | Mexico: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
5. Central & South America
Figure 5-1 | Central & South America: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)
Figure 5-2 | Brazil: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 5-3 | Other Central & South America: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
6. Western Europe
Figure 6-1 | Western Europe: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)
Figure 6-2 | Germany: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 6-3 | Italy: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 6-4 | United Kingdom: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 6-5 | France: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 6-6 | Spain: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 6-7 | Other Western Europe: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
7. Eastern Europe
Figure 7-1 | Eastern Europe: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)
Figure 7-2 | Russia: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 7-3 | Other Eastern Europe: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
8. Asia/Pacific
Figure 8-1 | Asia/Pacific: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)
Figure 8-2 | China: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 8-3 | Japan: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 8-4 | South Korea: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 8-5 | India: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 8-6 | Taiwan: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 8-7 | Thailand: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
Figure 8-8 | Other Asia/Pacific: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
9. Africa/Mideast
Figure 9-1 Africa/Mideast: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)
10. Appendix
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