Thermoplastic Elastomers Market Size, Share, Forecast Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethanes, Thermoplastic Polyolefins, Copolyester Ether Elastomers, TPVs), By End-use Industry (Automotive, Footwear, Engineering, Medical) - Global Market Insights 2022 to 2032 The market for thermoplastic elastomers (TPEs) is now valued at US$ 21 billion and is expected to grow to US$ 38.8 billion by the end of 2032. Over the next 10 years, global demand for thermoplastic elastomers is expected to rise at a CAGR of 6.3%. The demand for lightweight and flexible materials in various end-use industries such as automotive, construction, and medical is expected to drive the thermoplastic elastomers (TPE) market. Thermoplastic elastomers have properties such as wear resistance, scratch resistance, a smooth finish, foldability, and heat stability, making them an excellent choice for a wide range of applications across industries. Download Free Sample Copy of this Report: www.factmr.com/connect…ep_id=7831 Audia Elastomers, a world leader in elastomers, announced the debut of its new range of sustainable thermoplastic elastomers in April 2021, an industry first in terms of consumer and brand owner demands. TPEs from bio-based and marine-based sources of post-consumer and post-industrial use are available in customisable grades in the AudiaFlexTM family of materials. Segments of Thermoplastic Elastomers Industry Research By Type: Styrenic Block Copolymers (SBCs) Thermoplastic Polyurethanes (TPUs) Thermoplastic Polyolefins (TPOs) Thermoplastic Vulcanizates (TPVs) Copolyester Ether Elastomers By End-use Industry: Automotive Building & Construction Footwear Wires & Cables Medical Engineering Other Industries By Region: North America Latin America Europe APAC MEA Get Customization on this Report for Specific Research Solutions - www.factmr.com/connect…ep_id=7831 Competitive Landscape In the coming years, leading companies in the thermoplastic elastomers market will focus on mergers and acquisitions to expand their business potential and revenue generation capacity. Huber Engineered Materials, a subsidiary of J.M. Huber Corporation, announced in January 2022 the completion of the acquisition of RHI Magnesita's 50% ownership position in a joint venture agreed in May 2021 with Magnifin Magnesiaprodukte GmbH & Co. KG. This acquisition bolstered Huber's additive business for elastomers and thermoplastics. Pexco LLC, a prominent plastic extruder in the North American area, announced the purchase of Performance Elastomers Corporation (PEC), situated in Ohio, in December 2021. The company specialises in dense and sponge elastomers, thermoplastic elastomers, and rubber-based elastomers. What Makes the US a Lucrative Market for Thermoplastic Elastomer Manufacturers? The United States is home to some of the world's most important automobile manufacturers, and its automotive manufacturing industry is expected to attract thermoplastic elastomer providers. In addition, rising demand for lightweight and fuel-efficient automobiles and vehicle components is predicted to boost thermoplastic elastomer shipments in the country in the future years. The increasing usage of environmentally friendly and biodegradable materials in a variety of industrial verticals is also expected to boost thermoplastic elastomer sales in the country through 2032. Other variables that impact the market growth trajectory indirectly in the United States include the fast adoption of innovative manufacturing technologies, supporting government initiatives, and substantial investments in research & development. In 2022, sales of thermoplastic elastomers will amount for US$ 5.5 billion. For in-depth competitive analysis, Buy Now - www.factmr.com/checkout/7831