The South Korea Thermoplastic Elastomer market is expected to reach US$ 749.2 Million by 2031, growing at a CAGR of 5.5% during the forecast period. This growth is fueled by increasing demand from the automotive industry, particularly for electric vehicles, and the expanding electronics sector. Styrenic block copolymer (SBC) dominates the market, while the automotive parts segment is anticipated to hold the largest market share.