Thermoplastic Rubber(TPR) Market size was valued at USD 3.12 Billion in 2024 and is projected to reach USD 5.21 Billion by 2033, exhibiting a CAGR of 6.1% from 2026 to 2033.
The global Thermoplastic Rubber (TPR) market was valued at approximately USD 7.5 billion in 2022 and is expected to reach around USD 11.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030. TPR's demand is driven by its extensive use in automotive, footwear, and construction industries due to its properties such as flexibility, durability, and recyclability. In the automotive sector, TPR is primarily utilized for seals, gaskets, and vibration-damping components, which is contributing to its rising adoption. The growing awareness of sustainability is further boosting the growth of TPR in various applications, especially in environmentally conscious industries. In terms of volume, the global market is estimated to grow from approximately 1.3 million tons in 2022 to 2.0 million tons by 2030. Regionally, North America held a significant share of the TPR market in 2022, with a market value of around USD 2.3 billion, driven by the growing demand from automotive and footwear sectors. Europe followed with a market size of USD 2.0 billion in 2022, propelled by the increasing application of TPR in automotive manufacturing. The Asia-Pacific region, particularly China and India, is anticipated to witness the highest growth rate over the forecast period due to rapid industrialization and increasing demand for thermoplastic elastomers in manufacturing and construction applications. The market in the Asia-Pacific region is projected to grow at a CAGR of 6.0%, reaching approximately USD 5.0 billion by 2030. This growth presents significant opportunities for manufacturers to expand their presence in emerging markets with high demand for sustainable and versatile materials like TPR.
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S&E Specialty Polymers
SO.F.TER. GROUP
GAINSHINE
Synotech Polymers
SPP New Material
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Thermoplastic Rubber(TPR) Market
Styrenic Block Copolymers (SBC)
Thermoplastic Vulcanizates (TPV)
Styrenic Thermoplastic Elastomers (TPE-S)
Olefinic Thermoplastic Elastomers (TPE-O)
Automotive
Footwear
Consumer Goods
Medical
Industrial
Electronics
Automotive & Transportation
Healthcare & Medical Devices
Consumer Goods
Building & Construction
Electronics & Electrical
Textile & Apparel
Injection Molding
Extrusion
Blow Molding
Compression Molding
TPR Sheets
TPR Granules
TPR Compounds
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Thermoplastic Rubber(TPR) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Thermoplastic Rubber(TPR) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thermoplastic Rubber(TPR) Market, By Type
6. Global Thermoplastic Rubber(TPR) Market, By Application
7. Global Thermoplastic Rubber(TPR) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Thermoplastic Rubber(TPR) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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