South America Thermoplastic Elastomer (TPE) Market Size (2024 - 2029)

The South America thermoplastic elastomer market is projected to experience significant expansion, driven by increasing demand from the building and construction and medical sectors. The market size is expected to benefit from the rising interest in bio-based thermoplastic elastomers, although government regulations on their commercial use may pose challenges. Brazil is anticipated to lead the market in terms of market size and growth rate during the forecast period.

South America TPE Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South America Thermoplastic Elastomers Market Size

South America Thermoplastic Elastomer (TPE) Market Size
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

South America Thermoplastic Elastomer (TPE) Market Key Players

*Disclaimer: Major Players sorted in no particular order

South America Thermoplastic Elastomers Market Analysis

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 Elastomers Industry Segmentation

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
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South America Thermoplastic Elastomer (TPE) Market Size Summary

The South America thermoplastic elastomer (TPE) market is poised for robust growth, driven by increasing demand from the building, construction, and medical sectors. The automotive industry, in particular, is experiencing a surge in TPE applications due to the material's high performance, cost-effectiveness, and ability to enhance fuel efficiency by reducing vehicle weight. TPEs offer significant advantages such as durability, corrosion resistance, and design flexibility, making them an attractive alternative to metals. This growing demand for lightweight and high-performance plastics is a key factor propelling the market forward. However, government regulations on the commercial use of TPE may pose challenges to market expansion in the future.

Brazil is expected to lead the South American TPE market, benefiting from initiatives like the Programme of Investment Partnerships (PPI) aimed at revitalizing the construction sector amid political and economic challenges. Despite issues such as corruption in the construction industry, the market is anticipated to see substantial demand, supported by the ongoing need for infrastructure development. The market is characterized by a consolidated landscape with major players like DuPont, BASF SE, Huntsman International LLC, and KRATON CORPORATION. While consumer electronics sales have reached saturation, companies like Samsung and LG continue to strengthen their market presence, contributing to the overall growth prospects of the TPE market in the region.

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South America Thermoplastic Elastomer (TPE) Market Size - Table of Contents

1. MARKET DYNAMICS
  • 1.1 Drivers
    • 1.1.1 Rising Demand from Building and Construction Industry
    • 1.1.2 Growing Demand from Medical Sector
  • 1.2 Restraints
    • 1.2.1 Government Regulations on the Commercial Use of TPE
  • 1.3 Industry Value-Chain Analysis
  • 1.4 Porter's Five Forces Analysis
    • 1.4.1 Bargaining Power of Suppliers
    • 1.4.2 Bargaining Power of Consumers
    • 1.4.3 Threat of New Entrants
    • 1.4.4 Threat of Substitute Products and Services
    • 1.4.5 Degree of Competition

2. MARKET SEGMENTATION
  • 2.1 Product Type
    • 2.1.1 Styrenic Block Copolymer (TPE-S)
    • 2.1.2 Thermoplastic Olefin (TPE-O)
    • 2.1.3 Elastomeric Alloy (TPE-V or TPV)
    • 2.1.4 Thermoplastic Polyurethane (TPU)
    • 2.1.5 Thermoplastic Copolyester
    • 2.1.6 Thermoplastic Polyamide
  • 2.2 Application
    • 2.2.1 Automotive & Transportation
    • 2.2.2 Building & Construction
    • 2.2.3 Footwear
    • 2.2.4 Electricals & Electronics
    • 2.2.5 Medical
    • 2.2.6 Household Appliances
    • 2.2.7 HVAC
    • 2.2.8 Adhesive, Sealant & Coating
    • 2.2.9 Other Applications
  • 2.3 Geography
    • 2.3.1 Brazil
    • 2.3.2 Argentina
    • 2.3.3 Rest of South America

South America Thermoplastic Elastomers Market Research FAQs

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.

South America TPE Market Report Snapshots