Meticulous Research® recently reported that the thermoplastic elastomers (TPE) market is expected to exceed $40.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031. This growth is primarily fueled by the expanding use of TPEs in medical devices and the automotive sector. Additionally, rapid industrialization and the increased application of TPEs in the building and construction industry are anticipated to create significant growth opportunities.
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