India Thermoplastic Elastomer Market Size and Trends 2029F
According to TechSci Research report, India Thermoplastic Elastomer Market Size , Share & Forecast 2029 (CAGR 5.55%) Market Overview According to TechSci Research report, India TPE market reached USD 1.74 billion in 2023 and is forecast to grow at a 5.55% CAGR through 2029, driven by automotive, medical, consumer and construction demand. TPEs combine elastomeric flexibility with thermoplastic processability, enabling lightweight, durable parts and simplified assembly; West India leads due to manufacturing clusters and port access. Market expansion is backed by policy support for local manufacturing, which shortens supply chains and fuels investment in compounding and specialty-grade production. Increasing converter capacity and faster prototyping services are improving time-to-market for new TPE applications. Market Context Demand is rising as OEMs target weight reduction, part consolidation and improved NVH for both ICE and EV platforms. Medical-device localization and cons...