The global Thermoplastic Elastomers (TPE) Compounds market, valued at USD 15.9 billion in 2024, is projected to reach USD 23.1 billion by 2032, growing at a CAGR of 5.6%. This expansion is fueled by increasing demand in automotive lightweighting, sustainable packaging, and medical devices, where TPEs offer a unique combination of flexibility, processability, and recyclability
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