The Global "FDA Grade Thermoplastic Elastomers Market" was valued at US$ 310 million in 2023 and is projected to reach US$ 470 million by 2030, at a CAGR of 6.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
FDA Grade Thermoplastic Elastomers (TPEs) refer to a class of elastomeric materials that meet the stringent regulatory standards set by the U.S. Food and Drug Administration (FDA) for use in food, medical, and pharmaceutical applications. These materials combine the elastic properties of rubber with the processing advantages of thermoplastics, allowing them to be easily molded and reused.
To qualify as "FDA Grade," these TPEs must comply with FDA regulations, including criteria for food contact, biocompatibility, and overall safety. Common uses include medical devices, food packaging, and other applications where contact with food or the human body is involved. FDA-compliant TPEs are non-toxic, non-reactive, and free of harmful additives, making them safe for direct contact with consumables or skin.
The global key manufacturers of FDA Grade Thermoplastic Elastomers include WARCO, Star Thermoplastics, Kent Elastomer Products, TPE GMBH&CO.KG, Teknor Apex, Dow Inc., Avient, Phon Tech Industrial Company and Smartech Global Solutions Ltd, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
FDA Approved Grade TPE (Neutral) has the properties and performance of rubber, but are processed like plastic. It has excellent clarity and superior colorability. It also has very good heat resistance. It was designed for applications where FDA compliance, clarity and enhanced heat resistance are required.
This report aims to provide a comprehensive presentation of the global market for FDA Grade Thermoplastic Elastomers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding FDA Grade Thermoplastic Elastomers. This report contains market size and forecasts of FDA Grade Thermoplastic Elastomers in global, including the following market information:
- Global FDA Grade Thermoplastic Elastomers Market Revenue, 2019-2024, 2025-2030, ($ millions)
- Global FDA Grade Thermoplastic Elastomers Market Sales, 2019-2024, 2025-2030, (Tons)
- Global top five FDA Grade Thermoplastic Elastomers companies in 2023 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the FDA Grade Thermoplastic Elastomers manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
By Type:
- Film Grade Resin
- Extrusion Grade Resin
- Molding Resin
- Casting Resin
By Application:
- Medical
- Food Contact
- Beauty Applications
By Region and Country:
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies FDA Grade Thermoplastic Elastomers revenues in global market, 2019-2024 (Estimated), ($ millions)
- Key companies FDA Grade Thermoplastic Elastomers revenues share in global market, 2023 (%)
- Key companies FDA Grade Thermoplastic Elastomers sales in global market, 2019-2024 (Estimated), (Tons)
- Key companies FDA Grade Thermoplastic Elastomers sales share in global market, 2023 (%)
Key Players Include:
- WARCO
- Star Thermoplastics
- Kent Elastomer Products
- TPE GMBH&CO.KG
- Teknor Apex
- Dow Inc.
- Avient
- Phon Tech Industrial Company
- Smartech Global Solutions Ltd
- ExxonMobil Chemical Company
- HEXPOL
- Elastron
- LCY GROUP
- Mitsui Chemicals
- FM plastics
- Miller Waste Mills,Inc.
- Alphagary
- Celanese
- Zeon Chemicals
- Zylog ElastoComp
- Kin Join Co.,Ltd
- Prime Technic Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of FDA Grade Thermoplastic Elastomers, market overview.
Chapter 2: Global FDA Grade Thermoplastic Elastomers market size in revenue and volume.
Chapter 3: Detailed analysis of FDA Grade Thermoplastic Elastomers manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of FDA Grade Thermoplastic Elastomers in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global FDA Grade Thermoplastic Elastomers capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
