Thermoplastic Elastomers (TPE) - Automotive Plastic Compounding Market Statistics
The global thermoplastic elastomers (tpe) automotive plastic compounding market size was valued at US$ 57.7 million in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030.
Related Statistics
Thermoplastic elastomers (tpe) - Automotive plastic compounding market highlights
- The global thermoplastic elastomers (tpe) segment generated a revenue of USD 55.1 million in 2022 and is expected to reach USD 74.9 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.8% by 2030.
- In terms of region, MEA was the largest revenue generating market in 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Market summary
| Market revenue in 2022 | USD 55.1 million |
| Market revenue in 2030 | USD 74.9 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
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Automotive Plastic Compounding Market Scope
Automotive plastic compounding market segmentation & scope
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