The global thermoplastic elastomers market is estimated to be USD 24.7 billion in 2022 and is projected to reach USD 33.9 billion by 2027, at a CAGR of 6.5% according to Future Market Research. Thermoplastic elastomers provide the characteristics of both plastics and elastomers. There are several type of thermoplastic elastomers are available in the market such as styrenic block copolymer (SBC), thermoplastic polyurethane (TPU), thermoplastic vulcanizates (TPV), thermoplastic polyolefin (TPO), polyester ether elastomer (COPE), and polyether block amide elastomer (PEBA), which are differentiated on the basis of price and performance. The properties such as easy moldability, heat stability, smoothness, wear resistance, and scratch resistance are widely used to provide the several properties in end-use industries.
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