| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 5.00% |
| Market Concentration | High |
Major Players_Market.webp "South America Thermoplastic Elastomer (TPE) Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
South America Thermoplastic Elastomer (TPE) Market Analysis by Mordor Intelligence
The South America Thermoplastic Elastomer Market is expected to register a CAGR of greater than 5% during the forecast period.
- Growing demand for bio-based thermoplastic elastomers are likely to create opportunities for the market in the coming years.
- Government regulations on the commercial use of TPE are expected to hinder the market demand in the future.
- Brazil is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
South America Thermoplastic Elastomer (TPE) Market Trends and Insights
Increasing Usage in the Automotive and Transportation Applications
- Thermoplastic elastomers (TPE) are high-performance materials, whose application in the automotive industry is rapidly increasing. TPE serve the automotive industry in a myriad of applications, some of which include the manufacturing of high-quality automotive instrument panels, wheel covers, dashboard components, pillar trims, door liners and handles, seat backs, and seat belt components, among others.
- The automotive industry places particularly high requirements on the materials used. Under extreme stresses, the materials must be dimensionally stable and must not warp, even when faced with great temperature variations.
- TPEs are special types of plastic, which are not only cheaper than metals but also help to make automobiles more energy-efficient by reducing the weight, in addition to providing durability, corrosion resistance, toughness, design flexibility, resiliency, and high performance at low cost. The light weight of TPE enables more fuel-efficient vehicles. Every 10% reduction in vehicle weight is estimated to result in a 5-7% reduction in fuel usage.
- Growing demand for lightweight and high-performance plastics in the automotive industry, to provide increased efficiency and design flexibility, is primarily responsible for the growth of the TPE market. High-performance thermoplastic elastomers offer manufacturers advantages of design and the comparable strength of steel, which help in reducing the weight and controlling greenhouse gas emissions.
- All the aforementioned factors, in turn, are expected to drive the demand for thermoplastic elastomer during the forecast period.
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Brazil to Dominate the Market
- There are several built-up demands for investments in productive capacity. Brazil is facing problems in the construction industry, owing to various situations, such as political and economic corruption in the country.
- Due to corruption and bribery, in construction companies, the Brazilian government introduced the 'car wash investigation'. The investigation mostly focused on various construction companies for corruption charges.
- The government of Brazil initiated programs because of the decrease in the public financing for infrastructure projects. One such program is the Programme of Investment Partnerships (PPI). It helped expand and strengthen the relationship between the private sector and the state, with partnership contracts.
- Sales of consumer electronics appear to have reached saturation in the country. Consumers are more careful while buying expensive products, and this behavior is expected to continue in the upcoming years. However, many categories were actually helped by the sale of various expensive items, such as 4K television. Despite the challenging situation, Samsung and LG are continuing to strengthen their position in the country.
- Owing to the aforementioned factors, the market for thermoplastic elastomer in the country is expected to witness huge demand in the coming years.
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Competitive Landscape
The South America thermoplastic elastomer market is consolidated in nature. The key players in the market include DuPont, BASF SE, Huntsman International LLC, and KRATON CORPORATION, among others.
South America Thermoplastic Elastomer (TPE) Industry Leaders
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DuPont
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BASF SE
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KRATON CORPORATION
- *Disclaimer: Major Players sorted in no particular order
_Market.webp "South America Thermoplastic Elastomer (TPE) Market Concentration")
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South America Thermoplastic Elastomer (TPE) Market Report Scope
The South America thermoplastic elastomer market report includes:
Product Type
| Styrenic Block Copolymer (TPE-S) |
| Thermoplastic Olefin (TPE-O) |
| Elastomeric Alloy (TPE-V or TPV) |
| Thermoplastic Polyurethane (TPU) |
| Thermoplastic Copolyester |
| Thermoplastic Polyamide |
Application
| Automotive & Transportation |
| Building & Construction |
| Footwear |
| Electricals & Electronics |
| Medical |
| Household Appliances |
| HVAC |
| Adhesive, Sealant & Coating |
| Other Applications |
Geography
| Brazil |
| Argentina |
| Rest of South America |
| Product Type | Styrenic Block Copolymer (TPE-S) |
| Thermoplastic Olefin (TPE-O) | |
| Elastomeric Alloy (TPE-V or TPV) | |
| Thermoplastic Polyurethane (TPU) | |
| Thermoplastic Copolyester | |
| Thermoplastic Polyamide | |
| Application | Automotive & Transportation |
| Building & Construction | |
| Footwear | |
| Electricals & Electronics | |
| Medical | |
| Household Appliances | |
| HVAC | |
| Adhesive, Sealant & Coating | |
| Other Applications | |
| Geography | Brazil |
| Argentina | |
| Rest of South America |
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Key Questions Answered in the Report
What is the current South America Thermoplastic Elastomer (TPE) Market size?
The South America Thermoplastic Elastomer (TPE) Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)
Who are the key players in South America Thermoplastic Elastomer (TPE) Market?
DuPont, BASF SE and KRATON CORPORATION are the major companies operating in the South America Thermoplastic Elastomer (TPE) Market.
What years does this South America Thermoplastic Elastomer (TPE) Market cover?
The report covers the South America Thermoplastic Elastomer (TPE) Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Thermoplastic Elastomer (TPE) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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South America Thermoplastic Elastomer (TPE) Market Report
Statistics for the 2025 South America Thermoplastic Elastomer (TPE) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Thermoplastic Elastomer (TPE) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
