Canada Thermoplastic Elastomers Market Size & Outlook
- Plastics Polymers & Resins
- Plastic Resins
- Thermoplastic Elastomers Market Outlook
- Plastic Resins
Global Market
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Canada thermoplastic elastomers market highlights
- The Canada thermoplastic elastomers market generated a revenue of USD 1,636.9 million in 2025 and is expected to reach USD 3,128.5 million by 2033.
- The Canada market is expected to grow at a CAGR of 8.7% from 2026 to 2033.
- In terms of segment, automotive was the largest revenue generating application in 2025.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
Thermoplastic elastomers market data book summary
| Market revenue in 2025 | USD 1,636.9 million |
| Market revenue in 2033 | USD 3,128.5 million |
| Growth rate | 8.7% (CAGR from 2026 to 2033) |
| Largest segment | Automotive |
| Fastest growing segment | Medical |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Consumer Goods, Electrical & Electronics, Medical, Automotive |
| Key market players worldwide | Basf SE, Arkema SA, DuPont de Nemours Inc, Covestro AG, China Petrochemical Development, Dynasol Group, Ems-Chemie Holding AG, Evonik Industries AG, LG Chem, LCY Chemical, The Lubrizol Corp, LyondellBasell Industries NV Class A, Tosoh Corp, Avient Corp, Teknor Apex, Dow Chemical, TSRC,Inc/dba Frank Parsons Co |
Other key industry trends
- In terms of revenue, Canada accounted for 5.4% of the global thermoplastic elastomers market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. thermoplastic elastomers market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,007.9 million by 2033.
The automotive industry in Canada is expected to witness significant demand for TPEs in the coming years, owing to their excellent elasticity, tensile strength, and tear & impact resistance. Automotive manufacturing is one of the largest industrial sectors in the country.
It accounted for 12% of the gross domestic product (GDP) of Canada as of 2022. According to the International Organization of Motor Vehicle Manufacturers, the total production of vehicles in the country increased from 1,228,735 units in 2022 to 1,553,026 units in 2023, thereby implying the increased demand for vehicles.
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Publish Date: Feb 02, 2026
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Thermoplastic Elastomers Market Scope
Thermoplastic Elastomers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Evonik Industries AG | View profile | 33,409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | www.evonik.com |
| Arkema SA | View profile | 11,039 | 420 rue d’Estienne d’Orves, Colombes, France, 92700 | www.arkema.com |
| Covestro AG | View profile | 17,520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | www.covestro.com/en |
| Avient Corp | View profile | 9,300 | 33587 Walker Road, Avon Lake, OH, United States, 44012 | www.avient.com |
| Teknor Apex | View profile | 1001-5000 | Pawtucket, Rhode Island, United States, North America | www.teknorapex.com/ |
| LyondellBasell Industries NV Class A | View profile | 20,000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | www.lyondellbasell.com |
| DuPont de Nemours Inc | View profile | 24,000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | www.dupont.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | www.lubrizol.com/ |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.lgchem.com |
Canada Thermoplastic Elastomers Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Thermoplastic Elastomers Market Outlook will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 35.88% in 2025.
Horizon Databook has segmented the Canada thermoplastic elastomers market based on industrial, consumer goods, electrical & electronics, medical, automotive covering the revenue growth of each sub-segment from 2021 to 2033.
The automotive industry in Canada is expected to witness significant demand for TPEs in the coming years, owing to their excellent elasticity, tensile strength, and tear & impact resistance. Automotive manufacturing is one of the largest industrial sectors in the country.
It accounted for 12% of the gross domestic product (GDP) of Canada as of 2022. According to the International Organization of Motor Vehicle Manufacturers, the total production of vehicles in the country increased from 1,228,735 units in 2022 to 1,553,026 units in 2023, thereby implying the increased demand for vehicles.
- Canada Thermoplastic Elastomers Market Application Outlook (Revenue, USD Million , 2021-2033)
- Automotive
- Electrical & Electronics
- Industrial
- Medical
- Consumer Goods
- Others
- Canada Thermoplastic Elastomers Market Material Outlook (Revenue, USD Million , 2021-2033)
- Poly Styrenes
- Poly Olefins
- Poly Ether Imides
- Poly Urethanes
- Poly Esters
- Poly Amides
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Thermoplastic Elastomers Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Thermoplastic Elastomers Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Thermoplastic Elastomers Market, 2021-2033 (US$M)
Canada thermoplastic elastomers market statistics, by application, 2021-2033 (US$M)
