Thermoplastic Elastomer (TPE) Price Trend and Forecast

Thermoplastic Elastomer Regional Price Overview

Get the latest insights on price movement and trend analysis of Thermoplastic Elastomer in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Thermoplastic Elastomer Price Trend for the Q1 of 2024

Asia

In Asian countries, the thermoplastic elastomer price trend outlook remained skeptical as the demand from the automotive and its derivative sectors remained lackluster, leading to reduced production rates to prevent oversupply. Despite simulation in the industrial growth, the outlook of a number of Asian countries, such as China, India, and Singapore, remained bleak, with some minimal fluctuations throughout the first quarter of 2024.
 

Thermoplastic Elastomer (TPE) Price Chart

Thermoplastic Elastomer (TPE) Price Trends and Forecast

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Also, the traders tried to stimulate procurement activities by lowering the prices, but the buyers remained hesitant due to potential losses. Additionally, the advent of the spring holidays and the Chinese New Year holiday season further pushed the thermoplastic elastomer to a standstill as the downstream procurement rates did not put up with the present operational rates, lowering the overall bar of thermoplastic elastomer price trend in the first quarter of 2024.

Europe

Throughout the first quarter of 2024, the European economy faced challenges due to inflationary pressures and volatile energy costs, impacting purchasing sentiments across various industries. Germany experienced a deepening economic downturn despite a slight improvement in services activity and energy pricing. The prices of thermoplastic elastomer in the domestic German market surged in the first half, attributed to manufacturers reducing production rates during low season demand, but then oscillated in the major parts of the quarter.

In addition to this, geopolitical tensions, such as rising costs of upstream materials like butadiene, further contributed to increased manufacturing costs for thermoplastic elastomers. Not only the domestic markets, but the international buyers also seemed reluctant in placing bulk orders which further reduced the export volumes of thermoplastic elastomer during Q1 of 2024.

North America

In the first half of the first quarter, the US market witnessed an incline in thermoplastic elastomer prices. This uptick was primarily driven by rising costs of feedstock styrene and ethylene, which raised the overall cost of production in the early phase of the quarter.

The inflation in styrene prices was linked to increased benzene prices, while a shortage of Ethylene further drove TPE prices up. Alongside, transportation challenges due to adverse weather conditions also contributed to higher logistics costs. However, the demand from the automotive sector remained subdued, with declining sales in the US, Canada, and Mexico.

Electric vehicle demand also remained under the red zone, leading to an overall fall in the thermoplastic elastomer demand. In order to meet the desired output balances, the manufacturing activities increased despite soaring production prices. However, this uptick was transient, and the market momentum slowed slightly in the next half, influenced by the pessimistic outlook of the downstream industries.

Analyst Insight

According to Procurement Resource, the price trend of Thermoplastic Elastomer is estimated to be based on the trail followed by its downstream industries, particularly automotive and tire, in the next quarter.
 

Thermoplastic Elastomer Price Trend for the October - December of 2023

Product Category Region Price Time Period
Thermoplastic Elastomer (TPE) Chemicals USA 5455 USD/MT December 2023


Stay updated with the latest Thermoplastic Elastomer (TPE) prices, historical data, and tailored regional analysis
 

Asia

In the conclusive quarter of 2023, there were regular variations in the Asian thermoplastic elastomer market. The pricing patterns of thermoplastic elastomer raw materials have an adverse impact on market movements. The thermoplastic elastomer market in China fluctuated more on the lower end of the price range on account of a substantial fall in the purchasing potential of consumers.

Nonetheless, over that same period, the Indian market for thermoplastic elastomer increased, but at a slow rate. The rise in investments in the sustainable production of thermoplastic elastomer and awareness about its usage among the public have yielded good results for the thermoplastic elastomer price trend in Q4 of 2023.

Europe

The European thermoplastic elastomer market encountered several difficulties as the fourth quarter progressed. Due to low demand and a short production month, the traders pushed their efforts to reduce year-end stocks. The prices were further pushed on the lower side by the decline in the price of ethylene which serves as a crucial raw material for thermoplastic elastomer production and crude oil.

Further, the shrinkage in the German economy and rise in struggles at European ports due to the blockage of the Red Sea canal and the diversion of traditional routes of trade lowered the procurement of European thermoplastic elastomer in the overseas industries, which proved fatal for thermoplastic elastomer price trend.

North America

The US thermoplastic elastomer market showed no different signs from the European and Asian markets. The prices dwindled across the quarter on account of poor demand and the limited influx of raw materials into the region. Further, the decline in the cost of energy production, along with a fall in the prices of crude oil, indicating an ease in inflation, backfired for the thermoplastic elastomer price trend as they inched lower amid a consistent fall in the cost of production.

Analyst Insight

According to Procurement Resource, the price trend of Thermoplastic Elastomer are expected to be based on the performance of the downstream automotive and polymer industries and their spending budgets.
 

Thermoplastic Elastomer (TPE) Price Trend for the July - September of 2023

Asia

The third-quarter conditions of the Asian market led to the bearish movement of the thermoplastic elastomer (TPE) price trend. The market moved in a negative direction as the support from the end-user sector, especially the construction industries, fell short of providing the thermoplastic elastomer (TPE) market the required support.

The thermoplastic elastomer (TPE) industries also struggled with unhealthy rates of procurement from the automotive sector despite a rise in sales. Additionally, excessive supply of the product caused the thermoplastic elastomer (TPE) price graph to experience a downfall.

Europe

In European countries, the thermoplastic elastomer (TPE) price trend performed exactly opposite to what was observed in the Asian markets. The steep incline in the trajectory of the thermoplastic elastomer (TPE) price graph was based on consistent acceleration in the cost of feedstock materials and high demand from the downstream automotive industries.

However, just like in Asia Pacific countries, the construction sector in Europe also underperformed. This was a direct consequence of increasing inflation that only seemed to have a mild effect on the thermoplastic elastomer (TPE) price trend.

North America

Similarly to the European countries, the thermoplastic elastomer (TPE) price trend in North America also experienced an exponential hike as the feedstock prices supported its upwards journey. Thermoplastic elastomer (TPE) prices also rose with the help of downstream industries other than the construction sector. Further, the fall in the export of crude oil and natural gas and the global rise in their costs raised the cost of production and helped in the acceleration of thermoplastic elastomer (TPE) price graph growth.

Analyst Insight

According to Procurement Resource, the price trend of Thermoplastic Elastomer (TPE) are estimated to be supported by the hike in sales of automotive industries and improving dynamics of the thermoplastic elastomer (TPE) market around the globe.
 

Thermoplastic Elastomer Price Trend for the First Half of 2023

Asia

The price trend of thermoplastic elastomer moved upwards in the first and second quarters of 2023 with some month-to-month variations. The initial price dip was, however, observed in the first month due to low demand from downstream industries, but in the subsequent months, the market gained its pace and acquired more orders from the domestic and international markets. With the surge in demand, the producers looked to restock their inventories, which led to the rise in the price trend of thermoplastic elastomer.

Europe

An inclining trajectory of prices was observed in the first two quarters of 2023, with some mixed trend in the second quarter. The prices in this region were supported by the rising cost of raw materials. The automotive sector also showcased signs of recovery and improved its demand along with several other downstream industries that eventually led to the surge in the prices of thermoplastic elastomer.

North America

In North America, the price trend of thermoplastic elastomers was stagnant in the first and second quarters of 2023. The trend took a slight dip in January but stabilized quickly in the subsequent months. The stagnancy in the prices of thermoplastic elastomers was majorly due to rising cost pressure on the market from the raw material sector and fixed consumption of buyers in the market.

Analyst Insight

According to Procurement Resource, the price trend of thermoplastic elastomer is estimated to showcase an inclining trajectory as the demand from end-user industries seems to be improving.

Procurement Resource provides latest prices of Thermoplastic Elastomer (TPE). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Thermoplastic Elastomer (TPE)

A class of materials known as thermoplastic elastomers (TPEs) combines the properties of ordinary thermoplastics with elastomers. TPEs, like thermoplastics, may be repeatedly melted and reformed, unlike typical elastomers. They have exceptional flexibility, robustness, and elasticity, much like rubber, but they don't need to be vulcanized.

TPEs are weatherable, have strong chemical resistance, and may be manufactured using conventional plastic molding procedures. These materials are used in consumer products, medical equipment, automobile components, and other industrial products where a compromise between rubber-like characteristics and ease of processing is necessary.

Thermoplastic Elastomer (TPE) Product Details

Report Features Details
Product Name Thermoplastic Elastomer (TPE)
Synonyms Thermoplastic rubber (TPR), Thermoplastic polyurethane (TPU), Thermoplastic elastomer rubber (TPER), Elastoplastic
Industrial Uses Metal Cleaning, Electroplating, Chiral synthesis, Textile production, Cosmetics, Wine production
CAS Number 308079-71-2
Supplier Database Advanced Elastomer Systems L.P., Arkema S.A., BASF SE, Bayer Material Science LLC, China Petroleum and Chemical Corporation, Dynasol Elastomers LLC, Evonik Industries, LCY Chemical Corporation, Nippon Polyurethane Industry Company Ltd
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Thermoplastic Elastomer (TPE) Production Processes

This process involves the copolymerization of monomers via block or graft polymerization. It produces long-chain of molecules with hard and soft segments in different layouts. Graft polymerization involves joining or grafting branches of one polymer chain to another.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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