Elastomers have been the go-to material of choice for savvy design engineers and product managers who want an unbeatable combination of flexibility and durability in their products. In 2023, new trends in thermoplastic elastomer (TPE) technology and the market present more opportunities than ever before. This year’s top trends include responsible sustainable application development, customizable look and feel, retail re-emergence, reshoring, and creatively reducing cost through material substitution. Let's take a look at these trends in more detail.

Kickstart your shoe design with Thermoplastic Elastomers

The global tile adhesives and stone adhesives market size was USD 4410 million in 2022 and will reach USD 7655.5 million by 2029, witnessing a CAGR of 8.2% during the forecast period.

Non-Woven Adhesive Market is forecast to reach $2.3 billion by 2026, after growing at a CAGR of 8.1% during the forecast period 2021-2026. The market for non-woven hygiene adhesives is witnessing high growth due to rising demand from emerging applications such as baby care, feminine hygiene, and adult incontinence. Advancement in medical procedures and healthcare-related practices is expected to drive the market for non-woven adhesives in the next few years. Rise in ageing population is also anticipated to be a major factor driving the inclusion of non-woven adhesives in various adult care products such as adult diapers. With increasing awareness related to the use of safe and hygienic products, the market for non-woven adhesives is estimated to expand further during the forecast period.  However, the end-use industries are being significantly affected due to the COVID-19 pandemic, as most of the countries have issued “stay at home guidance” i.e., lockdown. This factor is limiting the market growth in current situation.

Thermoplastic elastomers, or TPE, are a broad class of polymer that includes a multi-phase polymer system. With so many variations and corresponding differences in properties and cost, how do you know which is right for your application?

The prominent driving factor for the market growth is the increasing use of styrene polymers in the automotive industry. The demand for plastics in this industry is increasing on account of the growing concerns over the reduction of the overall weight of automobiles and thereby meeting the stringent emission regulations. The Global Styrenic Polymers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

The market size of the Styrene based TPE Market is categorized based on Type (SBS, SIS, SEBS, SEPS, Compound Type, Other) and Application (Footwear, Wires and Cables, Rubber Goods, Engineering Plastics, Pitch, Buildings, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The market size of the TPE Film Sales Market is categorized based on Type (Thermoplastic Elastomer (TPE), Plasticizer-free TPE;) and Application (Packaging, Automotive, Consumer Goods;) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Automotive Elastomers Market size was valued at USD 64.3 Billion in 2023 and is expected to reach USD 91.67 Billion by 2031, growing at a CAGR of 5% from 2024 to 2031.

The market size of the Industrial Adhesives Consumption Market is categorized based on Product (Water-based Adhesives, Solvent-based Adhesives, Hot-melt Adhesives, Pressure-sensitive Adhesives, Others) and Application (Packaging, Building and Construction, Transportation, Assembly, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The provided report presents market size and predictions for the value of Industrial Adhesives Consumption Market, measured in USD million, across the mentioned segments.

The market size of the Thermoplastic Elastomer(TPE) Tube Market is categorized based on Type (Translucent Tube, Opaque Tube) and Application (Medical, Food, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The market size of the TPE Tourniquet Market is categorized based on Type (Manual, Pneumatic) and Application (General Medical tourniquets, Emergency tourniquets) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).