The Europe Thermoplastic Elastomer Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 851.0 Kilo Tonnes, showcasing a growth of 5.2% (2019-2022).
The industrial applications of thermoplastic elastomers extend to various sectors, including construction, electronics, and manufacturing. Their versatility allows for the creation of components such as seals, gaskets, conveyor belts, and industrial hoses. TPEs' ability to withstand challenging environmental conditions and their durability has increased adoption in diverse industrial settings. TPEs find applications in weather seals, gaskets, and profiles in the construction industry due to their excellent weathering resistance and durability. Maintaining flexibility even in low temperatures contributes to their effectiveness in sealing applications, making them valuable in constructing doors, windows, and roofing systems.
In addition, the electronics industry has embraced TPEs for their electrical insulating properties and the ability to provide soft-touch surfaces. TPEs are used to manufacture cable insulation, connectors, and electronic device housings. Their capacity to meet specific flame retardancy requirements further enhances their suitability for electronic applications. Due to their excellent electrical insulating properties, TPEs have become a preferred choice for cable insulation in the electronics industry. These materials protect cables from electrical interference and provide insulation to prevent short circuits. TPE-based cable insulation is known for its flexibility, allowing for easy installation and bending of cables in various electronic devices.
Moreover, as per the data provided by Eurostat, over the past five years, the passenger automobile fleet in practically all EU Member States has increased, surpassing the EU's total of 250 million cars. Poland has the most cars per thousand people, followed by Italy and Luxembourg. The number of battery-only electric passenger automobiles in the European Union Member States surpassed 1.9 million in 2021, representing an increase of approximately 37 times compared to 2013 and 5 times over 2018. The periods of greatest growth were observed from 2020 to 2021 (75.5%) and from 2019 to 2020 (83.0%). Therefore, increasing growth in the automotive sector in Europe will drive the demand for thermoplastic elastomers in the region.
The Germany market dominated the Europe Thermoplastic Elastomer Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,166.2 million by 2030. The UK market is exhibiting a CAGR of 5.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 7.4% during (2023 - 2030).
Based on Material, the market is segmented into Polystyrenes, Polyolefins, Polyurethanes, Polyetherimides, Polyesters and Polyamides. Based on Application, the market is segmented into Automotive, Industrial, Electrical Electronics, Medical, Consumer Goods and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Thermoplastic Elastomer Market will Hit USD 40.6 Billion by 2030, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arkema S.A., BASF SE, China Petrochemical Corporation (Sinopec Group), Evonik Industries AG (RAG-Stiftung), Huntsman Corporation, The Dow Chemical Company, Covestro AG, Mitsubishi Chemical Holdings Corporation, DuPont de Nemours, Inc., and Asahi Kasei Corporation
Scope of the Study
Market Segments Covered in the Report:
By Material (Volume, Kilo Tonnes, USD billion, 2019-2030)
- Polystyrenes
- Polyolefins
- Polyurethanes
- Polyetherimides
- Polyesters
- Polyamides
By Application (Volume, Kilo Tonnes, USD billion, 2019-2030)
- Automotive
- Industrial
- Electrical Electronics
- Medical
- Consumer Goods
- Others
By Country (Volume, Kilo Tonnes, USD billion, 2019-2030)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Arkema S.A.
- BASF SE
- China Petrochemical Corporation (Sinopec Group)
- Evonik Industries AG (RAG-Stiftung)
- Huntsman Corporation
- The Dow Chemical Company
- Covestro AG
- Mitsubishi Chemical Holdings Corporation
- DuPont de Nemours, Inc.
- Asahi Kasei Corporation
TABLE 1 Europe Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 2 Europe Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 3 Europe Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Europe Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Europe Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 6 Europe Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 7 Europe Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 8 Europe Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 9 Europe Polystyrenes Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Polystyrenes Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Polystyrenes Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Europe Polystyrenes Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Europe Polyolefins Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Polyolefins Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Polyolefins Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Europe Polyolefins Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Europe Polyurethanes Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Polyurethanes Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Polyurethanes Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Europe Polyurethanes Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Europe Polyetherimides Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Polyetherimides Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Polyetherimides Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Europe Polyetherimides Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Europe Polyesters Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Polyesters Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Polyesters Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Europe Polyesters Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Europe Polyamides Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Polyamides Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Polyamides Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Europe Polyamides Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Europe Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 34 Europe Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 35 Europe Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 36 Europe Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 37 Europe Automotive Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Automotive Market by Country, 2023 - 2030, USD Million
TABLE 39 Europe Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Europe Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Europe Industrial Market by Country, 2019 - 2022, USD Million
TABLE 42 Europe Industrial Market by Country, 2023 - 2030, USD Million
TABLE 43 Europe Industrial Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Europe Industrial Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Europe Electrical Electronics Market by Country, 2019 - 2022, USD Million
TABLE 46 Europe Electrical Electronics Market by Country, 2023 - 2030, USD Million
TABLE 47 Europe Electrical Electronics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Europe Electrical Electronics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Europe Medical Market by Country, 2019 - 2022, USD Million
TABLE 50 Europe Medical Market by Country, 2023 - 2030, USD Million
TABLE 51 Europe Medical Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 Europe Medical Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 Europe Consumer Goods Market by Country, 2019 - 2022, USD Million
TABLE 54 Europe Consumer Goods Market by Country, 2023 - 2030, USD Million
TABLE 55 Europe Consumer Goods Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 Europe Consumer Goods Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 58 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 59 Europe Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 60 Europe Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 61 Europe Thermoplastic Elastomer Market by Country, 2019 - 2022, USD Million
TABLE 62 Europe Thermoplastic Elastomer Market by Country, 2023 - 2030, USD Million
TABLE 63 Europe Thermoplastic Elastomer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 64 Europe Thermoplastic Elastomer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 65 Germany Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 66 Germany Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 67 Germany Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Germany Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Germany Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 70 Germany Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 71 Germany Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 72 Germany Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 73 Germany Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 74 Germany Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 75 Germany Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Germany Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 UK Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 78 UK Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 79 UK Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 80 UK Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 81 UK Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 82 UK Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 83 UK Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 84 UK Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 85 UK Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 86 UK Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 87 UK Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 UK Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 France Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 90 France Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 91 France Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 92 France Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 93 France Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 94 France Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 95 France Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 96 France Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 97 France Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 98 France Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 99 France Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 France Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Russia Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 102 Russia Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 103 Russia Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 104 Russia Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 105 Russia Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 106 Russia Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 107 Russia Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 108 Russia Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 109 Russia Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 110 Russia Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 111 Russia Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 Russia Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Spain Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 114 Spain Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 115 Spain Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Spain Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Spain Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 118 Spain Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 119 Spain Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 120 Spain Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 121 Spain Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 122 Spain Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 123 Spain Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 124 Spain Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 125 Italy Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 126 Italy Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 127 Italy Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 128 Italy Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 129 Italy Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 130 Italy Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 131 Italy Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 132 Italy Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 133 Italy Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 134 Italy Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 135 Italy Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 136 Italy Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 137 Rest of Europe Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 138 Rest of Europe Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 139 Rest of Europe Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 140 Rest of Europe Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 141 Rest of Europe Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 142 Rest of Europe Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 143 Rest of Europe Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 144 Rest of Europe Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 145 Rest of Europe Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 146 Rest of Europe Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 147 Rest of Europe Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 148 Rest of Europe Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 149 Key information – Arkema S.A.
TABLE 150 Key Information – BASF SE
TABLE 151 Key Information – China Petrochemical Corporation
TABLE 152 Key Information – Evonik Industries AG
TABLE 153 key Information – Huntsman Corporation
TABLE 154 Key Information – The Dow Chemical Company
TABLE 155 key information – Covestro AG
TABLE 156 Key Information – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 157 Key Information –DuPont de Nemours, Inc.
TABLE 158 Key Information – Asahi Kasei Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Thermoplastic Elastomer Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Thermoplastic Elastomer Market
FIG 4 Porter’s Five Forces Analysis – Thermoplastic Elastomer Market
FIG 5 Europe Thermoplastic Elastomer Market share by Material, 2022
FIG 6 Europe Thermoplastic Elastomer Market share by Material, 2030
FIG 7 Europe Thermoplastic Elastomer Market by Material, 2019 - 2030, USD Million
FIG 8 Europe Thermoplastic Elastomer Market share by Application, 2022
FIG 9 Europe Thermoplastic Elastomer Market share by Application, 2030
FIG 10 Europe Thermoplastic Elastomer Market by Application, 2019 - 2030, USD Million
FIG 11 Europe Thermoplastic Elastomer Market share by Country, 2022
FIG 12 Europe Thermoplastic Elastomer Market share by Country, 2030
FIG 13 Europe Thermoplastic Elastomer Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Arkema S.A.
FIG 15 Recent strategies and developments: BASF SE
FIG 16 SWOT Analysis: Basf Se
FIG 17 Swot Analysis: China Petrochemical Corporation
FIG 18 Recent strategies and developments: Evonik Industries AG
FIG 19 SWOT Analysis: Evonik Industries AG
FIG 20 SWOT Analysis: Huntsman Corporation
FIG 21 SWOT Analysis: The Dow Chemical Company
FIG 22 SWOT Analysis: Covestro AG
FIG 23 SWOT Analysis: Mitsubishi Chemical Holdings Corporation
FIG 24 SWOT Analysis: DuPont de Nemours, Inc.
FIG 25 SWOT Analysis: Asahi Kasei Corporation