Thermoplastic Elastomers (TPE) are a class of materials that exhibit both thermoplastic and elastomeric properties. They can be easily melted and molded into various shapes multiple times, similar to thermoplastics, while also retaining flexibility and elasticity like traditional elastomers. TPEs find applications in industries such as automotive, consumer goods, medical devices, and more due to their versatility and ability to combine the best of both plastic and rubber materials.