India Thermoplastic Elastomers Market Size & Outlook
- Plastics Polymers & Resins
- Plastic Resins
- Thermoplastic Elastomers Market Outlook
- Plastic Resins
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India thermoplastic elastomers market highlights
- The India thermoplastic elastomers market generated a revenue of USD 1,428.6 million in 2025 and is expected to reach USD 3,736.6 million by 2033.
- The India market is expected to grow at a CAGR of 13% 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 1,428.6 million |
| Market revenue in 2033 | USD 3,736.6 million |
| Growth rate | 13% (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, India accounted for 4.7% 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 Asia Pacific, China thermoplastic elastomers market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,736.6 million by 2033.
The thermoplastic elastomer market in India is expanding rapidly, driven by the country's growing automotive industry, construction sector, and increasing consumer demand for electronics and household goods.
The government's initiatives, such as "Make in India" and infrastructure development programs, have spurred domestic manufacturing, which, in turn, has elevated the demand for TPEs. Moreover, the shift toward lightweight materials in automotive applications, along with a growing focus on EVs, is encouraging the use of TPEs due to their recyclability, durability, and ability to reduce overall vehicle weight.
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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 |
India 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 48.48% in 2025.
Horizon Databook has segmented the India 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 thermoplastic elastomer market in India is expanding rapidly, driven by the country's growing automotive industry, construction sector, and increasing consumer demand for electronics and household goods.
The government's initiatives, such as "Make in India" and infrastructure development programs, have spurred domestic manufacturing, which, in turn, has elevated the demand for TPEs. Moreover, the shift toward lightweight materials in automotive applications, along with a growing focus on EVs, is encouraging the use of TPEs due to their recyclability, durability, and ability to reduce overall vehicle weight.
- India Thermoplastic Elastomers Market Application Outlook (Revenue, USD Million , 2021-2033)
- Automotive
- Electrical & Electronics
- Industrial
- Medical
- Consumer Goods
- Others
- India 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 India Thermoplastic Elastomers Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Thermoplastic Elastomers Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Thermoplastic Elastomers Market, 2021-2033 (US$M)
India thermoplastic elastomers market statistics, by application, 2021-2033 (US$M)
