Report Description Table of Contents The uv stabilized thermoplastic elastomer market was worth USD 2.8 billion in 2023 and will be worth USD 5.14 billion by 2030, growing at a CAGR of 7.9% during the forecast period. The market of UV Stabilized Thermoplastic Elastomer (TPE) is growing due to the rising usage of the material for producing flexible packages that are expected to have longer operational life in various applications in the automotive, construction, consumer products sectors, and others. The automotive segment alone is expected to grow over 5% annually, and mainly TPEs are used here for exterior goods such as sealing, gaskets, and trims owing to their flexibility and UV stability. For instance, in 2023, BASF introduced a new TPE, which is UV stabilized and especially for car applications, as direct sunlight and hot environments can, in the long term, deteriorate TPE parts. The expansion of outdoor furniture and construction markets, which need UV-stable and resistant TPEs, further boosts demand for UV-stabilized TPEs since these markets must change their products less frequently due to deterioration of UV stability and appearance. The UV UV-stabilized thermoplastic Elastomer (TPE) market presents a large potential as industries require flexible materials that have high endurance and, at the same time, have great resistance to UV elements for use in outdoor applications. For instance, the construction industry alone is expected to be worth over $15 trillion worldwide by 2030, and with this, there will be increasing demand for UV-stable materials used in roofing membranes, seals, and window gaskets. In 2023, TPE offered UV-stabilized products for applications of the construction industry products exposed to the sun’s rays to increase flexibility and performance over time. Moreover, growth in electric vehicle automotive applications like EVs and automobiles increasing at over 20 percent annually have the exterior applications of UV stabilized TPEs. These trends show the potential to develop new services and products in segments with high demands on performance and durability. Market Segmentation By Type: Styrenic Block Copolymers (SBC) Thermoplastic Polyolefins (TPO) Thermoplastic Vulcanizates (TPV) Thermoplastic Polyurethanes (TPU) Copolyester Elastomers (COPE) Others (Polyamide-Based Elastomers) By Application: Automotive (Seals, Trim, Gaskets, Exterior Parts) Construction (Roofing Membranes, Window Gaskets, Seals) Consumer Goods (Outdoor Furniture, Sports Equipment) Industrial (Hoses, Tubes, Conveyor Belts) Electrical & Electronics (Cables, Connectors) Medical Devices (Tubing, Seals, Flexible Components) By End-User Industry: Automotive Construction Consumer Goods Industrial Healthcare Electronics By Processing Method: Injection Molding Extrusion Blow Molding Compression Molding By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA Currently, the Asia-Pacific region has the largest demand for UV Stabilized Thermoplastic Elastomer (TPE) due to increasing manufacturing industries especially automotive and construction. The region is responsible for nearly 45% of the car production as giants such as China, Japan, and South Korea. Despite this, in 2022, China became the largest producer of vehicles, producing over 21 million units, and thus a significant consumer of UV-stabilized TPEs for automotive exterior uses. In 2023, LG Chem increased TPE plant production line in South Korea due to higher UV resistant material demand in automobile and construction industries. Further, higher urbanization rates and infrastructure construction in Asian Pacific countries create increased demand for non-organic, weatherproof construction products, ensuring the region's leading demand. Key Players BASF SE Kraton Corporation ExxonMobil Chemical SABIC LG Chem Covestro AG DuPont de Nemours, Inc. LyondellBasell Industries Teknor Apex Company Mitsubishi Chemical Corporation Frequently Asked Question About This Report . Table of Contents 1. UV STABILIZED THERMOPLASTIC ELASTOMER MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. UV STABILIZED THERMOPLASTIC ELASTOMER MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – UV STABILIZED THERMOPLASTIC ELASTOMER MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Type of UV STABILIZED THERMOPLASTIC ELASTOMER and End-Use Outlook Analysis 4. HISTORIC TRENDS IN UV STABILIZED THERMOPLASTIC ELASTOMER MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA UV STABILIZED THERMOPLASTIC ELASTOMER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America UV STABILIZED THERMOPLASTIC ELASTOMER Historical Market ($MILLION), (2017 – 2023) 6.2. North America UV STABILIZED THERMOPLASTIC ELASTOMER Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 6.3.1. Styrenic Block Copolymers (SBC) 6.3.2. Thermoplastic Polyolefins (TPO) 6.3.3. Thermoplastic Vulcanizates (TPV) 6.3.4. Thermoplastic Polyurethanes (TPU) 6.3.5. Copolyester Elastomers (COPE) 6.3.6. Others (Polyamide-Based Elastomers) 6.4. North America UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Processing Method 6.4.1. Injection Molding 6.4.2. Extrusion 6.4.3. Blow Molding 6.4.4. Compression Molding 6.5. North America UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.5.1. Automotive (Seals, Trim, Gaskets, Exterior Parts) 6.5.2. Construction (Roofing Membranes, Window Gaskets, Seals) 6.5.3. Consumer Goods (Outdoor Furniture, Sports Equipment) 6.5.4. Industrial (Hoses, Tubes, Conveyor Belts) 6.5.5. Electrical & Electronics (Cables, Connectors) 6.5.6. Medical Devices (Tubing, Seals, Flexible Components) 6.6. North America UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry 6.6.1. Automotive 6.6.2. Construction 6.6.3. Consumer Goods 6.6.4. Industrial 6.6.5. Healthcare 6.6.6. Electronics 6.7. North America UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA UV STABILIZED THERMOPLASTIC ELASTOMER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE UV STABILIZED THERMOPLASTIC ELASTOMER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe UV STABILIZED THERMOPLASTIC ELASTOMER Historical Market ($MILLION), (2017 – 2023) 8.2. Europe UV STABILIZED THERMOPLASTIC ELASTOMER Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 8.4. Europe UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Processing Method 8.5. Europe UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.6. Europe UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry 8.7. Europe UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC UV STABILIZED THERMOPLASTIC ELASTOMER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC UV STABILIZED THERMOPLASTIC ELASTOMER Historical Market ($MILLION), (2017 – 2023) 9.2. APAC UV STABILIZED THERMOPLASTIC ELASTOMER Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 9.4. APAC UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Processing Method 9.5. APAC UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.6. APAC UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry 9.7. APAC UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA UV STABILIZED THERMOPLASTIC ELASTOMER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America UV STABILIZED THERMOPLASTIC ELASTOMER Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America UV STABILIZED THERMOPLASTIC ELASTOMER Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 10.4. Latin America UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Processing Method 10.5. Latin America UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.6. Latin America UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry 10.7. Latin America UV STABILIZED THERMOPLASTIC ELASTOMER Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. BASF SE 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Kraton Corporation 11.3. ExxonMobil Chemical 11.4. SABIC 11.5. LG Chem 11.6. Covestro AG 11.7. DuPont de Nemours, Inc. 11.8. LyondellBasell Industries 11.9. OTHER MARKET PLAYERS