Europe Thermoplastic Elastomers Market Size & Outlook
- Plastics Polymers & Resins
- Plastic Resins
- Thermoplastic Elastomers Market Outlook
- Plastic Resins
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Europe thermoplastic elastomers market highlights
- The Europe thermoplastic elastomers market generated a revenue of USD 6,995.7 million in 2025.
- The market is expected to grow at a CAGR of 6.7% from 2026 to 2033.
- In terms of segment, automotive was the largest revenue generating application in 2025.
- Electrical & Electronics is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2026 to 2033.
Europe data book summary
| Market revenue in 2025 | USD 6,995.7 million |
| Market revenue in 2033 | USD 11,564.3 million |
| Growth rate | 6.7% (CAGR from 2026 to 2033) |
| Largest segment | Automotive |
| Fastest growing segment | Electrical & Electronics |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 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, Europe region accounted for 23.0% of the global thermoplastic elastomers market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 21,789.2 million by 2033.
Europe is one of the leading manufacturers of automobiles and is expected to continue its dominance in the sector over the forecast period.
The rising demand for lightweight electric and hybrid vehicles along with the presence of major automotive manufacturers, including AUDI AG, BMW AG, MercedesBenz AG, JAGUAR LAND ROVER LIMITED, ASTON MARTIN, Volkswagen, Volvo Car Corporation, FCA Italy S.p.A., Ferrari S.p.A., Automobili Lamborghini S.p.A., and Porsche Austria GmbH & Co. in the region is projected to expand the automotive industry, which, in turn, is expected to drive the demand for TPE in the automotive industry over the forecast period.
The rising geriatric population in European countries that are prone to sepsis, urinary incontinence, and interstitial cystitis is driving the need for medical tubing for catheters, resulting in a higher demand for TPE. For instance, according to the European Commission, in 2023, 448.8 million people in the EU were above the age of 65 years, which is 21.3% of the total population.
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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 |
Europe 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 41.36% in 2025.
Horizon Databook has segmented the Europe thermoplastic elastomers market based on industrial, consumer goods, electrical & electronics, medical, automotive covering the revenue growth of each sub-segment from 2021 to 2033.
Europe is one of the leading manufacturers of automobiles and is expected to continue its dominance in the sector over the forecast period.
The rising demand for lightweight electric and hybrid vehicles along with the presence of major automotive manufacturers, including AUDI AG, BMW AG, MercedesBenz AG, JAGUAR LAND ROVER LIMITED, ASTON MARTIN, Volkswagen, Volvo Car Corporation, FCA Italy S.p.A., Ferrari S.p.A., Automobili Lamborghini S.p.A., and Porsche Austria GmbH & Co. in the region is projected to expand the automotive industry, which, in turn, is expected to drive the demand for TPE in the automotive industry over the forecast period.
The rising geriatric population in European countries that are prone to sepsis, urinary incontinence, and interstitial cystitis is driving the need for medical tubing for catheters, resulting in a higher demand for TPE. For instance, according to the European Commission, in 2023, 448.8 million people in the EU were above the age of 65 years, which is 21.3% of the total population.
- Europe Thermoplastic Elastomers Market Application Outlook (Revenue, USD Million , 2021-2033)
- Automotive
- Electrical & Electronics
- Industrial
- Medical
- Consumer Goods
- Others
- Europe 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 continent-level data and insights on the Europe Thermoplastic Elastomers Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Thermoplastic Elastomers Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Europe Thermoplastic Elastomers Market, 2021-2033 (US$M)
Europe thermoplastic elastomers market statistics, by application, 2021-2033 (US$M)
