Thermoplastic Elastomer (TPE) Prices

Thermoplastic Elastomer (TPE) Price Trend, Index and Forecast

Track the latest insights on thermoplastic elastomer (TPE) price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Thermoplastic Elastomer (TPE) Prices Outlook Q1 2025

• USA: US$ 6166/MT
• China: US$ 2006/MT
• Germany: US$ 6997/MT
• India: US$ 2186/MT
• Japan: US$ 2611/MT

Thermoplastic Elastomer (TPE) Price Chart

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During the first quarter of 2025, the thermoplastic elastomer (TPE) prices in the USA reached 6166 USD/MT in March. As per the thermoplastic elastomer (TPE) price chart, by March, pricing was essentially constant due to weak local orders and better transportation. Although auto demand initially helped, severe weather caused automobile sales to decline and inventory levels decreased.

During the first quarter of 2025, thermoplastic elastomer (TPE) prices in China reached 2006 USD/MT in March. The market was impacted by strong production activity and high plant utilization. The negative pressure persisted as February's lower TPE output was unable to counteract the buildup of inventory. Despite an increase in production, the market remained lackluster, with purchases restricted to necessities due to low styrene prices and ongoing buyer hesitancy.

During the first quarter of 2025, the thermoplastic elastomer (TPE) prices in Germany reached 6997 USD/MT in March. As the automobile sector continued to slow down, Germany's TPE demand deteriorated. Low styrene availability and plant limitations continued to result in limited production and high prices. Although styrene prices rose once more in March, the general state of the market remained muted due to sluggish market activity, particularly in the automobile manufacturing sector.

During the first quarter of 2025, the thermoplastic elastomer (TPE) prices in India reached 2186 USD/MT in March. Buyers remained cautious despite a steady supply, which limited restocking due to volatile styrene prices. China's imports helped keep prices competitive, but post-holiday slowdowns caused end-user industries, particularly the automotive and appliance sectors, to display lower activity. Despite slight logistical improvements, weaker sentiment kept prices steady but under pressure throughout the quarter.

During the first quarter of 2025, the thermoplastic elastomer (TPE) prices in Japan reached 2611 USD/MT in March. The industry saw minimal change due to consistent but unimpressive demand. The void left by modest local output was filled by imports. Overall activity was constrained by a sluggish automobile recovery and cautious buyer procurement. Key factories maintained moderate operating rates, and the market avoided severe price volatility in March as styrene prices decreased.

Thermoplastic Elastomer (TPE) Prices Outlook Q4 2024

• USA: US$ 5900/MT
• China: US$ 2077/MT
• Germany: US$ 6840/MT

During the last quarter of 2024, the thermoplastic elastomer (TPE) prices in the USA reached 5900 USD/MT in December. As per the thermoplastic elastomer (TPE) price chart, the market stayed mostly unchanged. A rise in hybrid car sales supported steady consumption, yet large stockpiles and modest export volumes kept pricing subdued. Supply-side challenges like shipping delays and warehouse backlogs lingered, however output levels improved. Stable feedstock values contributed to the lack of volatility.

During the last quarter of 2024, the thermoplastic elastomer (TPE) prices in China reached 2077 USD/MT in December. TPE pricing in China softened slightly due to excess inventory and elevated production activity. High operational rates coincided with increased styrene availability, adding to the market's surplus. Though local automotive sales showed strength due to state-driven incentives, sluggish overseas interest especially from Southeast Asia offset gains.

During the last quarter of 2024, the thermoplastic elastomer (TPE) prices in Germany reached 6840 USD/MT in December. The market suffered from low downstream demand. Distribution flow was restricted by logistical problems and maintenance interruptions, and automotive sales provided very little assistance. Manufacturers prioritized clearing high inventory levels while lowering run rates in the face of a weak order intake. The cost of raw materials increased slightly, but overall spending remained controlled. The market remained sluggish due to a lack of incentives to modify prices, which was a reflection of decreased procurement activity and general hesitancy among the industrial segments.

Thermoplastic Elastomer (TPE) Prices Outlook Q4 2023

• USA: US$ 5470/MT
• China: US$ 2325/MT
• Belgium: US$ 4093/MT

The thermoplastic elastomer (TPE) prices in the United States for Q4 2023 reached 5470 USD/MT in December. During Q4 2023, the market in the United States remained stable, with steady orders from the automotive sector. Despite ongoing interest rate hikes and labor strikes, the festive season accelerated a rise in the sales of automotive, slightly increasing TPE consumption. Overall, the market stayed balanced, with consistent pricing reflecting this stability.

The price trend for thermoplastic elastomer (TPE) in China for Q4 2023, reached 2325 USD/MT in December. China’s TPE market in Q4 of 2023 was marked by moderate supply and significant price fluctuations. Despite stable overall conditions, rising manufacturing costs, driven by increased feedstock rates, led to higher TPE prices. The automotive industry, bolstered by the festive season, contributed to a bullish market trend during this period.

The price trend for thermoplastic elastomer (TPE) in Belgium for Q4 2023, reached 4093 USD/MT in December. Belgium’s TPE market in Q4 2023 saw mixed trends, starting with a bullish phase due to supply shortages. However, as the quarter progressed, reduced orders from the automotive sector and a drop in exports shifted the market to a bearish stance. Falling feedstock prices eased production costs, influencing the overall market trajectory.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the thermoplastic elastomer (TPE) prices.

Global Thermoplastic Elastomer (TPE) Price Trend

The report offers a holistic view of the global thermoplastic elastomer (TPE) pricing trends in the form of thermoplastic elastomer (TPE) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of thermoplastic elastomer (TPE), enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed thermoplastic elastomer (TPE) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Thermoplastic Elastomer (TPE) Price Trend

Q1 2025:

As per the thermoplastic elastomer (TPE) price index, the market saw a minor increase in European TPE prices, mostly due to higher input costs and limited output. Slowdowns over the holiday season and low operating rates at Styrene plants limited availability. Trade was restricted by port congestion, which exacerbated logistical difficulties. Although styrene prices elevated once more in March, the total demand for TPE was held back by a slowdown in manufacturing, particularly in Belgium.

Q4 2024:

As per the thermoplastic elastomer (TPE) price index, the market moved gradually due to weak demand and slow-moving stocks, which resulted in a decline in prices. The automotive industry continued to place minimal orders, and the modest advancements had little effect on the market's sentiment. Supply chains were impacted by routine maintenance and port delays, which disrupted the flow of goods. Although raw material prices rose, overall production costs stayed low. Due to the continued usage of excess inventory from prior quarters, procurement remained limited.

Q4 2023:

Throughout the final quarter of 2023, the European market experienced fluctuating sentiments. At the start, a slight price increase was seen due to a limited supply, creating a bullish trend. As the quarter advanced, the market shifted to bearish territory, particularly in November and December, as the exports declined and automotive demand decreased. The drop in feedstock prices, including Styrene and Ethylene, helped reduce manufacturing costs, but the market faced challenges due to fluctuating supply and demand conditions across Europe, leading to a mixed outlook.

This analysis can be extended to include detailed thermoplastic elastomer (TPE) price information for a comprehensive list of countries.

North America Thermoplastic Elastomer (TPE) Price Trend

Q1 2025:

The market had a continuous downward pricing trend due to abundant supply and decreased use in key industries. Values saw a little decline in January as domestic production remained stable and was exacerbated by a surge in imports from Asian nations at competitive prices. Due to the effects of winter and other economic challenges, industrial and agrochemical uptake remained slow even though raw material prices were comparatively stable. Early planting preparations revealed a modest level of agricultural demand in February, but the momentum was slowed by mixed construction and industry activity.

Q4 2024: 

Due to little market activity and high inventory levels, the market stayed stable in Q4 2024. Overall output remained strong in spite of logistical constraints such as Houston warehouse congestion and strikes that disrupted shipments. Large stocks countered a minor increase in demand in the automotive sector, particularly for hybrids. Feedstock costs remained constant due to the stability of styrene levels. Growth was slowed by a decline in export quantities to Canada and Mexico. However, stable local production and better shipments outside maintained the market's relative equilibrium throughout the quarter.

Q4 2023:

During Q4 2023, the market in North America largely exhibited stability. Even with fluctuating crude oil rates, feedstock prices for Ethylene and Styrene stood unchanged. The automotive sector, a key consumer of TPE, maintained steady demand, though consumer sentiment was slightly dampened by interest rate hikes. Additionally, the United Auto Workers' strikes led to restrained market activity. As the holiday season approached, a noticeable uptick in automotive sales happened, bolstering TPE consumption slightly. Overall, the market remained stable, characterized by a balance between supply and demand and relatively unchanged pricing.

Specific thermoplastic elastomer (TPE) historical data within the United States and Canada can also be provided.

Middle East and Africa Thermoplastic Elastomer (TPE) Price Trend

Q1 2025:

The report explores the thermoplastic elastomer (TPE) trends and thermoplastic elastomer (TPE) price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on thermoplastic elastomer (TPE) prices for countries can also be provided.

Asia Pacific Thermoplastic Elastomer (TPE) Price Trend

Q1 2025:

Due to plentiful Chinese supply and weak demand, the market leaned bearish in the quarter. Exporters pushed excess stock into Southeast Asia as a result of inventory overflow caused by high production rates at local Chinese companies. In the midst of soft freight rates, this escalated downward pressure. Regional demand was moderated by Ramadan and careful purchasing. Chinese output temporarily decreased in February, but stocks stayed high. Besides, by depending on the current supply, buyers mostly avoided restocking. Production in China recovered in March, but regional pricing pressure was increased by persistent freight losses and worse styrene values.

Q4 2024:

The market experienced slight downward pricing pressure due to oversupply and high production rates. Strong car sales, fueled by green energy subsidies, increased domestic consumption while Chinese output remained high due to optimal plant utilization. However, imbalances were brought about by lower demand throughout Southeast Asia, especially from Vietnam and Malaysia. Exports were further impacted by seasonal shipping problems and growing freight costs. Regional prices gradually declined through the end of the quarter due to widespread oversupply and inconsistent export performance, even if local demand in China remained steady.

Q4 2023:

The market in the Asia Pacific region showed a diverse pattern during the last quarter of 2023. October began with a negative market trend, followed by a positive trend in November, and ended with a return to the negative phase by the last month of 2023. The Japan and South Korea's automotive sectors drove strong demand, particularly during Southeast Asia's festive season, which pushed prices higher. However, manufacturing costs were kept in check due to falling prices for feedstocks like Styrene and Ethylene, alongside lower energy costs. In China, while overall market conditions were moderate, significant price fluctuations occurred, driven by rising production expenses.

This thermoplastic elastomer (TPE) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Thermoplastic Elastomer (TPE) Price Trend

Q1 2025:

Latin America's thermoplastic elastomer (TPE) market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in thermoplastic elastomer (TPE) prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the thermoplastic elastomer (TPE) price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing thermoplastic elastomer (TPE) pricing trends in this region.

Q4 2024:

The analysis of thermoplastic elastomer (TPE) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Thermoplastic Elastomer (TPE) Price Trend, Market Analysis, and News

IMARC's latest publication, “Thermoplastic Elastomer (TPE) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the thermoplastic elastomer (TPE) market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of thermoplastic elastomer (TPE) at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed thermoplastic elastomer (TPE) prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting thermoplastic elastomer (TPE) pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Thermoplastic Elastomer (TPE) Industry Analysis

The global thermoplastic elastomer (TPE) market size reached USD 28.57 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 50.78 Billion, at a projected CAGR of 6.27% during 2033.

• Thermoplastic elastomers (TPEs) are employed in various automotive applications, such as sealing, gasket, and interiors parts on account of their stimulus resilience, toughness, and processability. The push for lightweight and fuel-efficient vehicles is driving the growth of the market.
• Numerous applications in the medical sector are gradually involving TPEs in products such as medical tubing, catheter, and seal as these materials are biocompatibility and sterilizable. This trend has been further strengthened by the COVID-19 pandemic which saw a heightened demand for flexible, safe, and reliable medical components.
• On account of higher levels of globalization and rising environmental conscious, manufacturers are adopting TPEs as the products that are recyclable and much less toxic in comparison to traditional elastomers. Key players are also developing bio-based TPEs that is creating a positive market outlook.
• Consumer electronics and goods are one more large field in TPE application as due to flexible, durable and attractive appearance materials. TPEs are applied in smartphone cases, wearable devices, and other home improvement products to increase its market.
• TPEs are applied to construction applications in roofing, flooring, sealants, and gaskets since it does not respond directly to weather and climate factors. The global adoption of TPEs in the infrastructure sector is rising due to the rising number of infrastructure projects and renovation activities.
• Research and development in the polymer science and the TPE manufacturing technologies are improving the material performance and their usage fields. Such technologies as multi-terminal injecting and 3D printing with TPEs expand the potential in numerous segments.
• The Asia-Pacific region is one of the most significant markets for TPE products, especially in the automotive, construction, and electronics industries. Some of the leading countries include China, India, and Japan mainly due to the heightened industrialization and relatively growing consumer end-user demand for TPE based products.
• The trend towards the creation of new TPEs based on bioactive substances extracted from renewable materials is on the rise. These materials provide properties, including a lighter carbon footprint, reflecting upon international goals and appealing to the target market.
• New features and properties of TPEs, including better mechanical performance, flexibility, and chemically stability or degradation by UV radiation, expand the versatility of application. Better performance features make TPEs ideal for applications that require more toughness and durability.
• Furthermore, manufacturing industries are working on product differentiation, product development, and strategic partnerships and acquisitions to gain more market share and diversify their products.

Thermoplastic Elastomer (TPE) News

The report covers the latest developments, updates, and trends impacting the global thermoplastic elastomer (TPE) industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in thermoplastic elastomer (TPE) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the thermoplastic elastomer (TPE) price trend.

Latest developments in the Thermoplastic Elastomer (TPE) industry:

• On 31st October 2023, Arkema collaborated with industry leaders including EOS, HP and Stratasys, to continue offering customers more sustainable, high-performance materials for additive manufacturing.
• On 28th March 2024, AW Technologies and Asahi Kasei Medical, a core operating company of the Asahi Kasei Group, have entered into an exclusive distribution agreement in Japan for AW Technologies’ TrachFlush device.

Product Description

TPEs are a class of polymers that combine the properties of thermoplastics and elastomers. They are recyclable and remoldable as they are capable of melting and can be recast in numerous cycles. They are widely used in cars, medical equipment, electric appliances, construction tools, and sports articles. TPEs are employed in automotive applications such as seals gaskets and interior solutions due to the material’s high durability as well as flexibility. They are opted in medical applications for tubing and catheters due to biocompatibility and sterilization issues.

The main benefits of TPEs are its good elasticity, endurance to chemically active substances and UV or light, and compatibility with the most frequently used plastic manufacturing processes including injection molding and extrusion.

Different kinds of TPEs include SBCs, TPOs, TPVs, TPUs, and COPEs. Each type was found to possess varying properties that makes it ideal for use in certain aspects, making them more attractive across industries.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of thermoplastic elastomer (TPE) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting thermoplastic elastomer (TPE) price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The thermoplastic elastomer (TPE) price charts ensure our clients remain at the forefront of the industry.