Europe Thermoplastic Elastomers Market, By Product Type (Styrenic Block Copolymer (SBC), Thermoplastic Polyurethane (TPU), Thermoplastic Polyolefins (TPO), Thermoplastic Vulcanizates (TPV), Copolyester Ether Elastomers (COPE), Polyether Block Amide Elastomers (PEBA), Polyether-Ester Elastomer (TPEE)), Application (Automotive Building and Construction, Footwear, Adhesives, Sealants and Coatings, Wires and Cables, Medical, Advanced Materials), Country (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Rest of Europe) Industry Trends and Forecast to 2029.
Market Analysis and Insights: Europe Thermoplastic Elastomers Market
Europe thermoplastic elastomers market is expected to witness market growth at a rate of 4.30% in the forecast period of 2022 to 2029. Data Bridge Market Research report on Europe thermoplastic elastomers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of thermoplastic elastomers market.
Thermoplastic elastomers (TPEs) refer to the elastomers that are processed as plastic. These elastomers are usually utilized because of their excellent performance characteristics such as shock absorption, thermal resistance, weather, dimensional stability, cleanliness, flexibility, chemical and easy sterilization.
The increase in the penetration of electric vehicles across the region acts as one of the major factors driving the growth of thermoplastic elastomers market. The rise in the adoption of the product owning to their characteristics such as low energy costs in production, eco-friendly nature and easy molding accelerate the market growth. The increase in demand for medical elastomers because of the advancements in thermoplastic elastomer processing industry, and stringent emission regulations and standards further influence the market. Additionally, rise in aging population, surge in healthcare expenditure, technological advancements, and expected recovery from the impact of COVID-19 positively affects the thermoplastic elastomers market. Furthermore, emergence of bio based TPE extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, high cost associated with the TPE than that of conventional materials and intra thermoplastic elastomer segment replacement are expected to obstruct the market growth. Economic slowdown and impact of COVID-19 on the manufacturing sector are projected to challenge the thermoplastic elastomers market in the forecast period of 2022-2029.
This thermoplastic elastomers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on thermoplastic elastomers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Thermoplastic Elastomers Market Scope and Market Size
The thermoplastic elastomers market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the thermoplastic elastomers market is segmented into styrenic block copolymer (SBC), thermoplastic polyurethane (TPU), thermoplastic polyolefins (TPO), thermoplastic vulcanizates (TPV), copolyester ether elastomers (COPE), polyether block amide elastomers (PEBA), polyether-ester elastomer (TPEE).
- On the basis of application, the thermoplastic elastomers market is segmented into automotive building and construction, footwear, adhesives, sealants and coatings, wires and cables, medical, advanced materials.
Europe Thermoplastic Elastomers Market Country Level Analysis
The thermoplastic elastomers market is analyzed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the Europe thermoplastic elastomers market report are Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland and Rest of Europe.
Germany dominates the Europe thermoplastic elastomers market due to the technological advancements in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Europe thermoplastic elastomers market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Europe thermoplastic elastomers market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe thermoplastic elastomers market. The data is available for historic period 2010-2020.
Competitive Landscape and Europe Thermoplastic Elastomers Market Share Analysis
The thermoplastic elastomers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to thermoplastic elastomers market.
Some of the major players operating in the thermoplastic elastomers market report are Dow, LyondellBasell Industries Holdings B.V., Arkema SA, Evonik Industries AG, Convestro AG, China Petrochemical Corporation, Huntsman International, LLC, Tosoh Corporation, Exxon Mobil Corporation, KRATON CORPORATION, TSRC, LCY GROUP, Celanese Corporation, LG Chem, Asahi Kasei Corporation, Teknor Apex, and Lubrizol Corporation, among others.