Global Thermoplastic Elastomers Market, By Product Type (Styrene Block Copolymers (TPE-S), Thermoplastic Polyolefin, Thermoplastic Olefins (TPE-O), Elastomeric Alloys (TPE-V or TPV), Thermoplastic Polyurethanes (TPU), Thermoplastic Co-polyester and Thermoplastic Polyamides), Application (Automotive, Building and Construction, Electrical and Electronics, Household Appliances, Medical, Adhesives, Sealants and Coatings, Footwear, HVAC and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Rising demand of thermoplastic elastomers by the various end user industries such as automotive, footwear, building and construction, engineering and many more will boost up the thermoplastic elastomers market value. Data Bridge Market Research analyses that the thermoplastic elastomers market will witness a CAGR of 5.5% for the forecast period of 2021-2028.
Thermoplastic elastomers, also known as thermoplastic rubbers are a mix of polymers that consists of both thermoplastic and elastomeric properties. Thermoplastic elastomers are used in a variety of applications such as automotive, medical, construction, packaging among others. The presence of elastomeric properties makes it flexible and soft which means that they can be stretched to two or three times more than their size. The most common example of thermoplastic elastomers in consumer goods is their application as a small and translucent flexible material in earphones. The thermoplastic elastomers can also be used in bottle cap liners and sealing rings. The thermoplastic elastomers possess the properties of rubber but a processed like plastics. This makes them possess the properties of both rubber and plastic but the added feature can be recycled.
Increasing adoption of thermoplastic elastomers by the end-user verticals will propel growth in the demand for thermoplastic elastomers, especially in developing countries. Thermoplastic elastomers are highly in demand and are used as a substitute for plastic components due to their physical and chemical properties. Rising demand for bio-based thermoplastic elastomers will further create lucrative growth opportunities for the thermoplastic elastomers market. Rising construction activities and infrastructural development operations will further help to excel the demand for thermoplastic elastomers.
Volatility or fluctuations in the prices of raw materials will pose a major challenge to the thermoplastic elastomers market growth. The dearth of skilled professionals will create technical limitations and this will negatively impact the thermoplastic elastomers market. Further, lack of sophisticated technology in low and middle class economies will further produce non-appreciable research and development results.
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 localised 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, geographical 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.
Global Thermoplastic Elastomers Market Scope and Market Size
The thermoplastic elastomers market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the thermoplastic elastomers market is segmented into styrene block co-polymers (TPE-S), thermoplastic polyolefin, thermoplastic olefins (TPE-O), elastomeric alloys (TPE-V or TPV), thermoplastic polyurethanes (TPU), thermoplastic co-polyester and thermoplastic polyamides.
- On the basis of application, the thermoplastic elastomers market is segmented into automotive, building and construction, electrical and electronics, household appliances, medical, adhesives, sealants and coatings, footwear, HVAC and others.
Global Thermoplastic Elastomers Market Country Level Analysis
The thermoplastic elastomers market is analysed and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the thermoplastic elastomers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the thermoplastic elastomers market and will continue to during the forecast period. This is because of the growing construction activities across countries in this region. Growth and expansion of automobile industry especially in the developing countries will further propel the thermoplastic elastomers market growth. Rising demand for thermoplastic elastomers from various end user verticals will further create lucrative market growth opportunities. Rising demand for consumer electronics will also act as a major market growth determinant.
The country section of the thermoplastic elastomers market 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.
Competitive Landscape and 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.
The major players covered in the thermoplastic elastomers market report are BASF SE, Dow, LyondellBasell Industries Holdings B.V., Arkema Sa, Evonik Industries AG, Covestro AG, China Petrochemical Corporation, Huntsman International LLC., Tosoh Corporation, Kraton Corporation, Exxon Mobil Corporation, TSRC, Polyone, LCY Group, Celanese Corporation, LG Chem, Asahi Kasei Corporation, Teknor Apex, The Lubrizol Corporation, Apar Industries Ltd, Asahi Kasei Corporation, Zeon Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Thermoplastic Elastomers Market
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