India Thermoplastic Elastomer Market Value, Trends [2029], Economy, Expansion, Leader
India Thermoplastic Elastomer Market has reached USD1.67 billion by 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.86% through 2029. This impressive growth can be attributed to a combination of various factors, including significant technological advancements, a steadily increasing demand from key industries across the board, and highly supportive government policies that have fostered a favorable business environment. One of the major driving forces behind the thriving TPE market is the burgeoning automotive industry. Reports indicate that the automotive sector has emerged as a substantial contributor to the sustained market for thermoplastic elastomers in India. The versatility of TPEs, with their exceptional properties such as light weight, durability, and flexibility, makes them an ideal choice for manufacturing a wide range of automotive components. Consequently, the demand for TPEs in the automotive sector has w...