World Thermoplastic Elastomers Market

• Publication date: September 2011

World demand to rise 6.3% annually through 2015 Worldwide demand for thermoplastic elastomers (TPEs) is forecast to rise 6.3 percent per year to 5.6 million metric tons in 2015. Gains will represent an acceleration from the 2005-2010 period as motor vehicle production -- the leading outlet for TPEs -- rebounds in the US and Western Europe. Advances will also be fueled by the rising use of TPEs in the developing countries of the wor...

World demand to rise 6.3% annually through 2015

Worldwide demand for thermoplastic elastomers (TPEs) is forecast to rise 6.3 percent per year to 5.6 million metric tons in 2015. Gains will represent an acceleration from the 2005-2010 period as motor vehicle production -- the leading outlet for TPEs -- rebounds in the US and Western Europe. Advances will also be fueled by the rising use of TPEs in the developing countries of the world, where these materials are continuing to penetrate new applications. Additionally, TPE demand will benefit from the ongoing push to reduce motor vehicle weight, particularly as oil prices rise and automotive fuel economy standards become more stringent. Limiting further gains, however, will be a high degree of maturity in slower growing markets such as footwear and asphalt modification.

Asia/Pacific region to remain largest, fastest growing market

The Asia/Pacific region will continue to be the largest and fastest growing market for TPEs through 2015, accounting for nearly half of world demand. China, which has become the world’s largest consumer of TPEs, will continue to see robust growth in demand. Regional gains will also benefit from nearly double-digit expansion in India and a notable acceleration in the Japanese market. TPE demand in North America and Western Europe will see substantial improvement compared to the recession-plagued 2005- 2010 period. Over the long term, however, these regions are expected to account for an increasingly smaller share of global TPE demand. Other world regions will enjoy above-average advances in TPE demand through 2015, particularly Eastern Europe and its expanding automotive production industry.

Fastest growth to be seen in smaller volume markets

Motor vehicles account for the largest portion of the world TPE market, with 30 percent of total demand in 2010. Advances will be bolstered by a rebound in the TPE-intensive North American and West European automotive industries through 2015, as well as increased TPE use in emerging markets such as China, India and Brazil. Consumer goods markets will see slightly subpar gains, however, as rising use in applications such as appliances and household items will be countered by the large and mature footwear market. The fastest growth will be seen in smaller volume TPE markets, driven primarily by the robust medical products industry, as well as emerging applications in the packaging market.

POEs, TPVs to be fastest growing product types

Styrenic block copolymers (SBCs) will remain the leading TPE product type through 2015. However, SBCs will also be the slowest growing TPE product, limited by a high degree of market saturation in many applications. The fastest growth is expected for polyolefin elastomers (POEs), a relatively new TPE product class that is attaining rapid acceptance as a performance additive for plastics. Strong gains are also forecast for thermoplastic vulcanizates (TPVs), which are finding new applications in motor vehicle and consumer product markets. A resurgent motor vehicle industry will bolster gains for thermoplastic olefins (TPOs), although advances will be restrained by maturity in applications such as automotive bumper fascia.

Study coverage

This new industry study, World Thermoplastic Elastomers, presents historical demand data (2000, 2005, 2010) as well as forecasts for 2015 and 2020 by market, type, world region and for 15 major countries. The study also considers market environment factors, assesses global industry structure, evaluates company market share and profiles 41 industry players.

Global Plastic Industry

TABLE OF CONTENTS

INTRODUCTION xi

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Overview 6
Recent Historical Trends 6
World Economic Outlook 8
World Demographic Overview 12
World Consumer Spending Patterns 14
World Manufacturing Overview 15
World Motor Vehicle Production Outlook 17
World Construction Overview 20
Thermoplastic Elastomer Demand/GDP Relationship 22

III. PRODUCT OVERVIEW 25

General 25
Styrenic Block Copolymers 29
Demand by Market 31
Demand by Region 34
Suppliers & Capacity 36
Thermoplastic Polyolefins 40
Demand by Market 42
Demand by Region 46
Suppliers 48
Polyolefin Elastomers 49
Demand by Market 51
Demand by Region 53
Suppliers 54
Thermoplastic Polyurethanes 56
Demand by Market 57
Demand by Region 60
Suppliers 61
Thermoplastic Vulcanizates 63
Demand by Market 65
Demand by Region 67
Suppliers 69
Copolyester Elastomers 71
Demand by Market 72
Demand by Region 75
Suppliers 77
Other Thermoplastic Elastomers 79
Demand by Market 80
Demand by Region 81
Suppliers 82

IV. MARKET OVERVIEW 85

General 85
Motor Vehicles 88
Consumer Goods 92
Roofing & Asphalt 95
Adhesives, Sealants & Coatings 98
Industrial Products 101
Other Markets 104

V. NORTH AMERICA 108

Economic Overview 108
Thermoplastic Elastomer Demand 110
United States 113
Canada 119
Mexico 124

VI. WESTERN EUROPE 130

Economic Overview 130
Thermoplastic Elastomer Demand 132
Germany 135
France 140
Spain 145
Italy 151
United Kingdom 155
Other Western Europe 160

VII. ASIA/PACIFIC 166

Economic Overview 166
Thermoplastic Elastomer Demand 168
China 172
Japan 180
South Korea 186
India 191
Taiwan 196
Other Asia/Pacific 202

VIII. OTHER REGIONS 208

Central & South America 208
Brazil 213
Other Central & South America 217
Eastern Europe 222
Russia 226
Other Eastern Europe 231
Africa/Mideast 236

IX. INDUSTRY STRUCTURE 242

General 242
Market Share 245
Technology & Manufacturing 249
Technology 250
Manufacturing 251
Competitive Strategies 253
Acquisitions & Divestitures 254
Cooperative Agreements 256
Marketing & Distribution 261
Marketing 262
Distribution 263
Company Profiles 265
Advanced Composites, see Mitsui Chemicals
Advanced Elastomer Systems, see Exxon Mobil
AlphaGary, see MexichemB
Arkema SA 266
Asahi Kasei Corporation 269
BASF SE 271
Bayer AG 274
Bridgestone Corporation 278
Celanese Corporation 280
Chi Mei Corporation 282
China Petroleum & Chemical Corporation 283
Dexco Polymers, see TSRC
DIC Bayer Polymer, see Bayer
Dow Chemical Company 284
Dow Corning Corporation 288
DuPont (EI) de Nemours 289
Dynasol Elastomeros, see Repsol YPF
EMS-Chemie Holding AG 291
En Chuan Chemical Industries Company Limited 293
Eni SpA 294
Epurex Films, see Bayer
Exxon Mobil Corporation 296
Firestone Building Products, see Bridgestone
Firestone Polymers, see Bridgestone
GLS Thermoplastic Elastomers, see PolyOne
Huntsman Corporation 299
Japan Polypropylene, see Mitsubishi Chemical Holdings
JSC Voronezhsynthezkauchuk, see OAO Gazprom
Korea Kumho Petrochemical Company Limited 301
KRAIBURG Holding GmbH & Company KG 302
Kraton Performance Polymers Incorporated 304
Kuraray Company Limited 307
LANXESS AG 309
LCY Chemical Corporation 310
Lee Chang Yung Chemical Industry, see LCY Chemical
LG Chem Limited 312
Lubrizol Corporation 314
LyondellBasell Industries NV 316
Merquinsa Mercados Quimicos SL 319
Mexichem SAB de CV 321
Mitsubishi Chemical Holdings Corporation 323
Mitsui Chemicals Incorporated 326
Multibase, see Dow Corning
OAO Gazprom 328
PGroup, see SO.F.TER
Polimeri Europa, see Eni
PolyOne Corporation 329
Repsol YPF SA 333
Resinoplast, see Arkema
Rockwood Holdings Incorporated 335
Royal DSM NV 336
Schulman (A.) Incorporated 338
SO.F.TER SpA 340
Styrolution Group, see BASF
Sumitomo Chemical Company Limited 343
Sunprene, see Mitsubishi Chemical and Schulman (A.)
Teknor Apex Company 344
Ticona, see Celanese
Toyobo Company Limited 347
TSRC Corporation 349
Yantai Wanhua Polyurethanes Company Limited 351
ZEON Corporation 352
Other Companies Mentioned in Study 354

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 11
2 World Population by Region 13
3 World Personal Consumption Expenditures by Region 15
4 World Manufacturing Value Added by Region 17
5 World Motor Vehicle Production by Region 20
6 World Construction Expenditures by Region 22

SECTION III -- PRODUCT OVERVIEW

1 World Thermoplastic Elastomer Demand by Product 28
2 World Styrenic Block Copolymer Demand by Market 33
3 World Styrenic Block Copolymer Demand by Region 35
4 Styrenic Block Copolymers -- World Production Capacity
by Company, Year-End 2010 38
5 World Thermoplastic Polyolefin Demand by Market 46
6 World Thermoplastic Polyolefin Demand by Region 48
7 World Polyolefin Elastomer Demand by Market 52
8 World Polyolefin Elastomer Demand by Region 54
9 World Thermoplastic Polyurethane Demand by Market 59
10 World Thermoplastic Polyurethane Demand by Region 61
11 World Thermoplastic Vulcanizate Demand by Market 67
12 World Thermoplastic Vulcanizate Demand by Region 69
13 World Copolyester Elastomer Demand by Market 75
14 World Copolyester Elastomer Demand by Region 77
15 World Demand for Other Thermoplastic Elastomers
by Market 81
16 World Demand for Other Thermoplastic Elastomers
by Region 82

SECTION IV -- MARKET OVERVIEW

1 World Thermoplastic Elastomer Demand by Market 87
2 World Motor Vehicle Markets for Thermoplastic Elastomers 92
3 World Consumer Goods Markets for Thermoplastic Elastomers 95
4 World Roofing & Asphalt Markets for Thermoplastic
Elastomers 98
5 World Adhesive, Sealant & Coating Markets
for Thermoplastic Elastomers 101
6 World Industrial Product Markets for Thermoplastic
Elastomers 103
7 Other World Markets for Thermoplastic Elastomers 107

SECTION V -- NORTH AMERICA

1 North America -- Thermoplastic Elastomer Supply & Demand 109
2 North America -- Thermoplastic Elastomer Demand
by Product & Market 112
3 United States -- Thermoplastic Elastomer Supply & Demand 115
4 United States -- Thermoplastic Elastomer Demand
by Product & Market 118
5 Canada -- Thermoplastic Elastomer Supply & Demand 121
6 Canada -- Thermoplastic Elastomer Demand by Product
& Market 123
7 Mexico -- Thermoplastic Elastomer Supply & Demand 126
8 Mexico -- Thermoplastic Elastomer Demand by Product
& Market 128

SECTION VI -- WESTERN EUROPE

1 Western Europe -- Thermoplastic Elastomer Supply
& Demand 131
2 Western Europe -- Thermoplastic Elastomer Demand
by Product & Market 134
3 Germany -- Thermoplastic Elastomer Supply & Demand 137
4 Germany -- Thermoplastic Elastomer Demand by Product
& Market 139
5 France -- Thermoplastic Elastomer Supply & Demand 142
6 France -- Thermoplastic Elastomer Demand by Product
& Market 144
7 Spain -- Thermoplastic Elastomer Supply & Demand 147
8 Spain -- Thermoplastic Elastomer Demand by Product
& Market 149
9 Italy -- Thermoplastic Elastomer Supply & Demand 152
10 Italy -- Thermoplastic Elastomer Demand by Product
& Market 154
11 United Kingdom -- Thermoplastic Elastomer Supply
& Demand 157
12 United Kingdom -- Thermoplastic Elastomer Demand
by Product & Market 159
13 Other Western Europe -- Thermoplastic Elastomer Supply
& Demand 162
14 Other Western Europe -- Thermoplastic Elastomer Demand
by Product & Market 164

SECTION VII -- ASIA/PACIFIC

1 Asia/Pacific -- Thermoplastic Elastomer Supply & Demand 168
2 Asia/Pacific -- Thermoplastic Elastomer Demand by Product
& Market 171
3 China -- Thermoplastic Elastomer Supply & Demand 175
4 China -- Thermoplastic Elastomer Demand by Product
& Market 178
5 Japan -- Thermoplastic Elastomer Supply & Demand 182
6 Japan -- Thermoplastic Elastomer Demand by Product
& Market 184
7 South Korea -- Thermoplastic Elastomer Supply & Demand 188
8 South Korea -- Thermoplastic Elastomer Demand by Product
& Market 190
9 India -- Thermoplastic Elastomer Supply & Demand 193
10 India -- Thermoplastic Elastomer Demand by Product
& Market 195
11 Taiwan -- Thermoplastic Elastomer Supply & Demand 198
12 Taiwan -- Thermoplastic Elastomer Demand by Product
& Market 200
13 Other Asia/Pacific -- Thermoplastic Elastomer Supply
& Demand 204
14 Other Asia/Pacific -- Thermoplastic Elastomer Demand
by Product & Market 206

SECTION VIII -- OTHER REGIONS

1 Central & South America -- Thermoplastic Elastomer Supply
& Demand 210
2 Central & South America -- Thermoplastic Elastomer
Demand by Product & Market 212
3 Brazil -- Thermoplastic Elastomer Supply & Demand 214
4 Brazil -- Thermoplastic Elastomer Demand by Product
& Market 216
5 Other Central & South America -- Thermoplastic Elastomer
Supply & Demand 219
6 Other Central & South America -- Thermoplastic Elastomer
Demand by Product & Market 221
7 Eastern Europe -- Thermoplastic Elastomer Supply
& Demand 223
8 Eastern Europe -- Thermoplastic Elastomer Demand
by Product & Market 225
9 Russia -- Thermoplastic Elastomer Supply & Demand 228
10 Russia -- Thermoplastic Elastomer Demand by Product
& Market 230
11 Other Eastern Europe -- Thermoplastic Elastomer Supply
& Demand 233
12 Other Eastern Europe -- Thermoplastic Elastomer Demand
by Product & Market 235
13 Africa/Mideast -- Thermoplastic Elastomer Supply
& Demand 238
14 Africa/Mideast -- Thermoplastic Elastomer Demand
by Product & Market 240

SECTION IX -- INDUSTRY STRUCTURE

1 Thermoplastic Elastomer Sales by Company, 2010 244
2 Selected Acquisitions & Divestitures 255
3 Selected Cooperative Agreements 258

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Per Capita TPE Demand/Per Capita GDP Relationship, 2010 24

SECTION III -- PRODUCT OVERVIEW

1 World Thermoplastic Elastomer Demand by Product, 2010 29
2 Styrenic Block Copolymer Capacity by Country, 2010 40

SECTION IV -- MARKET OVERVIEW

1 World Thermoplastic Elastomer Demand by Market, 2010 87

SECTION V -- NORTH AMERICA

1 North America Thermoplastic Elastomer Demand
by Country, 2010 113

SECTION VI -- WESTERN EUROPE

1 Western Europe Thermoplastic Elastomer Demand
by Country, 2010 135
SECTION VII -- ASIA/PACIFIC
1 Asia/Pacific Thermoplastic Elastomer Demand by Country,
2000-2020 172

SECTION IX -- INDUSTRY STRUCTURE

1 World Thermoplastic Elastomer Market Share, 2010 246