Global TPE Films and Sheets Market Crosses USD 3.4Bn : Ken Research Finds Automotive Demand Driving Growth
Global TPE Films and Sheets Market Hits $3.4Bn in 2024: Ken Research Finds Automotive Demand Surging | Ken Research Executive Summary The Global TPE Films and Sheets Market reached a valuation of USD 3.4 billion in 2024 , propelled by an accelerating shift toward lightweight, recyclable polymer materials across automotive, packaging, and medical end-use sectors. Growing at an estimated ~7% CAGR through 2030 , the market is forecast to surpass USD 5.1 billion by the end of the decade, according to Ken Research. Asia-Pacific alone is projected to register a 25% increase in TPE consumption, anchored by manufacturing scale-ups in China and India. Amid tightening environmental mandates, including the EU Directive 2019/904 requiring recyclable plastics by 2030 , thermoplastic elastomers are increasingly displacing traditional thermosets and rigid plastics across high-performance applications. Explore the Full Report: Global TPE Films and Sheets Market Research Report by Ken Resea...