According to this latest publication from Meticulous Research®, the thermoplastic elastomers market is projected to reach above $40.6 billion by 2031, at a CAGR of 6.4% from 2024 to 2031. The growth of this market is driven by the rising use of TPE in medical devices and the increasing use of thermoplastic elastomers TPE in the automotive industry. In addition, rapid industrialization and the rising use of TPE in the building and construction sector are expected to provide opportunities for market growth.
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