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The global thermoplastic elastomer (TPE) market was valued at USD 26,856.8 million in 2019 and is expected to grow to USD 39,424.6 million by 2027, registering a CAGR of 5.7% during the forecast period. In 2019, Asia Pacific led the market, holding a dominant 52.97% share. In the United States, the TPE market is anticipated to reach USD 6,045 million by 2027, fueled by rising demand for lightweight and durable materials across automotive and consumer goods sectors.