A multi-layered thermoplastic elastomer foam, wherein no adhesive layer or intermediate layer is between adjacent layers of the TPE foam, wherein the peeling strength between adjacent layers of said TPE foam is above 0.5 kgf/25mm, wherein the TPE foam has the following properties: a density greater than 30 kg/m 3, a tensile strength greater than 2 kgf/cm 2, and an elongation rate greater than 50%, wherein said TPE foam is manufactured by foaming a composition comprising: a soft-block TPE matrix; a hard-block TPE matrix; a cross-linking agent; and a blowing agent, wherein the soft-block TPE matrix is 5 to 95% of the total weight of the TPE matrix, the hard-block TPE matrix is 95% to 5% of the total weight of the TPE matrix, the weight ratio of the cross-linking agent to the total matrix is in a range of 0.01:100 to 1.5:100, and the weight ratio of the blowing agent to the total matrix is in a range of 1:100 to 20:100, wherein the soft-block TPE matrix is 50% to 95% of the total weight of the TPE matrix and is selected from a group consisting of the following components: styrene-butadiene-styrene, styreneethylene/butylene-styrene (SEBS), styrene-isoprene-styrene, and styreneethylene-propylene-styrene (SEPS), polybutadiene, maleic anhydride grafted styrene-ethylene/butylene-styrene (Maleic anhydride-grafted SEBS), and a mixture of the same, wherein the hard-block TPE matrix is 5% to 50% of the total weight of the TPE matrix, and is formed by polystyrene, a poly phenylene oxide, or a combination thereof, wherein the blowing agent is selected from a group consisting of azodicarbonamide, 4,4'-oxybis(benzenesulfonyl hydrazide) (OB SH), p-toluenesulfonhydrazide, and a mixture thereof, and wherein the weight ratio of the blowing agent to the total matrix is in a range of 2:100 to 15:100, wherein the tensile strength and the elongation rate is determined according to ASTM D412-06a, and wherein the peeling strength is determined by the following method: a sample L x W = 200 mm x 25 mm, is peeled by a tensile strength testing machine at a speed of 200 mm/min, whereby a maximum bearing strength before the peeling is recorded. a soft-block TPE matrix; a hard-block TPE matrix; a cross-linking agent; and a blowing agent, wherein the soft-block TPE matrix is 5 to 95% of the total weight of the TPE matrix, the hard-block TPE matrix is 95% to 5% of the total weight of the TPE matrix, the weight ratio of the cross-linking agent to the total matrix is in a range of 0.01:100 to 1.5:100, and the weight ratio of the blowing agent to the total matrix is in a range of 1:100 to 20:100, wherein the soft-block TPE matrix is 50% to 95% of the total weight of the TPE matrix and is selected from a group consisting of the following components: styrene-butadiene-styrene, styreneethylene/butylene-styrene (SEBS), styrene-isoprene-styrene, and styreneethylene-propylene-styrene (SEPS), polybutadiene, maleic anhydride grafted styrene-ethylene/butylene-styrene (Maleic anhydride-grafted SEBS), and a mixture of the same, wherein the hard-block TPE matrix is 5% to 50% of the total weight of the TPE matrix, and is formed by polystyrene, a poly phenylene oxide, or a combination thereof, wherein the blowing agent is selected from a group consisting of azodicarbonamide, 4,4'-oxybis(benzenesulfonyl hydrazide) (OB SH), p-toluenesulfonhydrazide, and a mixture thereof, and wherein the weight ratio of the blowing agent to the total matrix is in a range of 2:100 to 15:100, wherein the tensile strength and the elongation rate is determined according to ASTM D412-06a, and wherein the peeling strength is determined by the following method: a sample L x W = 200 mm x 25 mm, is peeled by a tensile strength testing machine at a speed of 200 mm/min, whereby a maximum bearing strength before the peeling is recorded.