According to the latest publication by Meticulous Research®, the thermoplastic elastomers (TPE) market is anticipated to surpass $40.6 billion by 2031, growing at a CAGR of 6.4% from 2024 to 2031. The market's expansion is primarily fueled by the increasing adoption of TPE in medical devices and its growing application in the automotive industry. Additionally, the rapid pace of industrialization, coupled with the expanding use of TPE in the building and construction sector, is projected to create significant opportunities for further market growth.
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