Thermoplastic Elastomer (TPE) Prices Show Mixed Trends in Q2 2025, Reports IMARC

10-Sep-2025

Thermoplastic Elastomer (TPE) Prices Q2 2025

The global thermoplastic elastomer (TPE) prices are showing a mixed landscape in Q2 2025. According to IMARC’s latest pricing report titled Thermoplastic Elastomer (TPE) Prices, Trend, Index and Forecast Data Report 2025 Edition, regional pricing dynamics have been influenced by supply chain fluctuations, raw material costs, and regional demand changes, with significant market shifts occurring in North America, Europe, and Asia Pacific. The market is witnessing both price increases in some regions due to constrained supply, as well as price decreases in others due to oversupply and weak demand from end-user industries. The ongoing volatility in key sectors such as automotive and electronics plays a critical role in shaping the current TPE pricing environment.

Q2 2025 Thermoplastic Elastomer (TPE) Prices:

USA: USD 5974/MT
China: USD 1962/MT
Germany: USD 7242/MT
India: USD 2151/MT
Japan: USD 2580/MT

Q2 2025 Thermoplastic Elastomer (TPE) Prices

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The prices of thermoplastic elastomers (TPE) in these regions reflect the material’s essential role in high-performance industries such as automotive, medical, and electronics, with sustained demand along with supply constraints contributing to a stable and upward global price trajectory.

Key Regional Price Trends and Market Drivers:

USA: The thermoplastic elastomer (TPE) prices in the USA for Q2 2025 reached USD 5974/MT during iQ2 2025. This shows a downward trend due to subdued demand from the automotive industry, exacerbated by high interest rates and delayed fleet renewals. The weakening demand from key sectors led to reduced procurement, offsetting earlier supply tightness.
China: In China, TPE prices are under significant downward pressure, reaching USD 1962/MT during Q2 2025 driven by persistent oversupply, with domestic producers flooding the market with surplus inventory. The falling styrene prices have also reduced production costs, contributing to the reduction in TPE pricing.
Germany: Germany TPE prices experienced a slight uptick, reaching USD 7242/MT in Q2 2025, due to the elevated cost of styrene, a crucial feedstock. Despite constrained production and low demand from the automotive sector, the price increase was contained by lower consumption.
India: TPE prices in India remain firm, reaching USD 2151/MT during Q2 2025, as supply remains constrained due to uncertain Chinese exports. Local factors, such as increased consumer goods production and government manufacturing initiatives, have supported steady TPE demand.
Japan: Prices in Japan showed stability, reaching USD 2580/MT during Q2 2025, driven by steady demand from the automotive and electronics sectors, particularly for applications in electric vehicles. However, broader oversupply trends limited upward pricing movement.

Q2 vs Q1:

Country	Q2 2025	Q1 2025	Q2 vs. Q1 Trends
USA	USD 5974/MT	USD 6166/MT	Prices declined slightly due to weaker demand from the automotive sector and improved shipping conditions
China	USD 1962/MT	USD 2006/MT	A minor price decrease as excess inventory and lower feedstock prices exerted downward pressure
Germany	USD 7242/MT	USD 6997/MT	Prices increased slightly due to higher styrene costs, though demand remained subdued
India	USD 2151/MT	USD 2186/MT	Prices remained stable with tight supply and ongoing domestic demand, despite logistical challenges
Japan	USD 2580/MT	USD 2611/MT	Prices saw a slight drop due to ongoing oversupply, despite steady demand from automotive and electronics sectors

Thermoplastic Elastomer (TPE) Industry Overview:

The global thermoplastic elastomer (TPE) market was valued at USD 28.57 Billion in 2024 and is projected to reach USD 50.78 Billion by 2033, growing at a CAGR of 6.27% during 2025-2033. TPEs are increasingly adopted across multiple industries, including automotive, medical, electronics, and construction, owing to their unique properties of durability, flexibility, and recyclability. The growth of this market is fueled by the rising demand for lightweight, fuel-efficient vehicles and the push for bio-based and eco-friendly elastomers.

Key drivers contributing to the market’s growth include the growing adoption of TPEs in automotive applications such as seals, gaskets, and interior components, and the increasing use of TPE in medical devices due to their biocompatibility and sterilization properties. Additionally, the push for more sustainable and recyclable materials in consumer electronics and construction has expanded TPE’s application base, further driving market demand.

Recent Market Trends and Industry Analysis:

Thermoplastic elastomers (TPEs) continue to gain popularity due to their versatile properties, including excellent elasticity, UV resistance, and chemical stability. These materials are gaining traction in automotive applications, especially for parts like seals and gaskets that require durability and flexibility. The rise in electric vehicle (EV) production has also boosted TPE demand, particularly for applications in wiring harnesses, seals, and lightweight components. The growing trend toward lightweight materials and energy-efficient solutions in the automotive sector is a key market driver.

Furthermore, TPEs are increasingly used in medical applications, especially in catheters and medical tubing, due to their high level of biocompatibility and sterilization capabilities. With the growing demand for safe and reliable medical components, the TPE market in this sector is expected to expand significantly. Research and development in polymer science are further enhancing TPE materials, making them suitable for a wider range of applications, such as 3D printing and multi-terminal injection molding, which is opening new avenues for market growth.

Strategic Forecasting and Analysis:

IMARC’s report incorporates forecasting models that project near-term price movements based on evolving trade policies, raw material supply, and technological trends. These tools enable businesses to mitigate risk, enhance sourcing strategies, and support long-term planning.

Key Features of the Report:

Price Charts and Historical Data
FOB and CIF Spot Pricing
Regional Demand-Supply Assessments
Port-Level Price Analysis
Sector-Specific Demand and Supply Insights

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