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World Thermoplastic Elastomers Market

  • November 2015
  • -
  • Freedonia
  • -
  • 380 pages

Study coverage

This report presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by market and product for 6 world regions and 16 major countries. The study also assesses market environment factors, examines industry structure, evaluates company market share and profiles 40 industry players worldwide.

World demand to rise 5.1% annually through 2019

Worldwide demand for thermoplastic elastomers (TPEs) is forecast to grow by 5.2 percent per year to 6.7 million metric tons in 2019. Advances will be driven by ongoing product innovation on the part of TPE manufacturers and compounders, allowing these materials to penetrate new applications. TPEs will continue to replace metals, thermoset rubbers, and other thermoplastics because they offer easier and faster processing as well as functionality in demanding environments. Additionally, TPE demand will benefit from the ongoing push to reduce motor vehicle weight, particularly as automotive fuel economy standards around the world become more stringent. Healthy growth will also be fueled by advances in emerging markets, which will benefit from increased adoption of TPEs over competing materials in applications such as adhesives and industrial components.

Asia/Pacific region to lead growth

The Asia/Pacific region will continue to be the largest market for TPEs through 2019, rising at an above average pace to account for over half of world demand. China, the world’s largest consumer of TPEs in volume terms, will continue to see more than seven percent annual growth in demand. Gains will also benefit from robust expansion in India and Southeast Asia, where manufacturing output is expected to rise strongly. TPE demand in North America and Western Europe will see modest slowing compared to the 2009-2014 period of economic recovery, although advances will remain solid. Other world regions will enjoy above-average gains in demand through 2019, particularly the Africa/ Mideast region, where current TPE consumption per capita is lowest.

SBCs to remain top segment; TPVs to grow the fastest

Styrenic block copolymers (SBCs) will remain the leading TPE product type through 2019. SBC demand will benefit from healthy growth in adhesives and consumer products, although the large and mature footwear market will limit advances. The fastest gains are expected for thermoplastic vulcanizates (TPVs), which are penetrating new applications in motor vehicle, consumer, and medical product markets. Smaller volume TPEs including copolyesters, fluoropolymers, and silicones are penetrating markets with strict regulatory and performance requirements. A resurgent motor vehicle industry will propel demand for thermoplastic polyolefins (TPOs), although advances will be restrained by maturity in applications such as automotive bumper fascia.

Industrial products to be fastest growing market

Motor vehicles account for the largest portion of the world TPE market. Advances will be bolstered by increased automotive production in emerging markets, and by growth in the amount of TPE used per vehicle in North America and Western Europe. Automotive markets will also benefit from such technological enhancements as overmolding TPE thin skins to thermoplastics in interior components. Industrial products will experience the fastest gains in demand, as rising manufacturing activity in emerging markets will incorporate TPEs to improve ergonomic and soft-touch features for industrial equipment. Healthy growth will be seen in other market categories such as packaging, wire and cable, and consumer products. For these applications, TPEs offer property balance and a perceived environmental benefit over PVC.

Table Of Contents

World Thermoplastic Elastomers Market
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 6
Recent Historical Trends 6
World Economic Outlook 7
World Demographic Overview 10
World Consumer Spending Patterns 13
World Manufacturing Overview 17
World Motor Vehicle Production Outlook 20
World Construction Overview 22
Pricing Trends 25
III. REGIONAL OVERVIEW 29
General 29
Demand by Region 30
Production by Region 32
International Trade 34
IV. PRODUCT OVERVIEW 37
General 37
Styrenic Block Copolymers 41
Demand by Market 43
Demand by Region 46
Suppliers and Capacity 48
Thermoplastic Polyolefins 52
Demand by Market 54
Demand by Region 58
Suppliers 60
Polyolefin Elastomers 62
Demand by Market 63
Demand by Region 65
Suppliers 67
Thermoplastic Polyurethanes 69
Demand by Market 70
Demand by Region 74
Suppliers 76
Thermoplastic Vulcanizates 79
Demand by Market 80
Demand by Region 84
Suppliers 85
Copolyester Elastomers 87
Demand by Market 88
Demand by Region 92
Suppliers 94
Other Thermoplastic Elastomers 95
Demand by Market 97
Demand by Region 98
Suppliers 99
V. MARKET OVERVIEW 102
General 102
Motor Vehicles 105
Consumer Goods 110
Asphalt and Roofing 114
Adhesives, Sealants, and Coatings 116
Industrial Products 119
Other Markets 122
VI. NORTH AMERICA 128
Economic Overview 128
Thermoplastic Elastomer Demand 130
United States 133
Canada 141
Mexico 146
VII. WESTERN EUROPE 151
Economic Overview 151
Thermoplastic Elastomer Demand 153
Germany 157
France 163
United Kingdom 168
Spain 173
Italy 179
Other Western Europe 185
VIII. ASIA/PACIFIC 191
Economic Overview 191
Thermoplastic Elastomer Demand 194
China 197
Japan 205
South Korea 212
India 218
Taiwan 224
Other Asia/Pacific 231
IX. OTHER REGIONS 237
Central and South America 237
Economic Overview 237
Thermoplastic Elastomer Demand 240
Brazil 242
Other Central and South America 248
Eastern Europe 253
Economic Overview 253
Thermoplastic Elastomer Demand 255
Russia 257
Other Eastern Europe 262
Africa/Mideast 267
Economic Overview 267
Supply and Demand 268
Market Outlook 270
X. INDUSTRY STRUCTURE 273
General 273
Market Share 277
Technology and Manufacturing 282
Technology 284
Manufacturing 285
Competitive Strategies 286
Acquisitions and Divestitures 288
Cooperative Agreements 290
Marketing and Distribution 297
Marketing 297
Distribution 299
Company Profiles 300
Advanced Composites, see Mitsui Chemicals
AlphaGary, see Mexichem
APCO Suzhou, see Mitsubishi Chemical Holdings
Arkema SA 301
Asahi Kasei Corporation 303
BASF SE 305
Bayer AG 307
Berkshire Hathaway Incorporated 311
Celanese Corporation 314
Chi Mei Corporation 315
China Petroleum and Chemical Corporation 316
Citadel Plastics Holdings, see Schulman (A.)
Dawn Group Company Limited 317
DIC Covestro Polymer, see Bayer
Dow Chemical Company 318
Dow Corning Corporation 320
DuPont (EI) de Nemours 322
Dynasol Elastómeros, see Repsol
EMS-Chemie Holding AG 323
En Chuan Chemical Industries Company Limited 325
Eni SpA 326
Exxon Mobil Corporation 328
GLS Thermoplastic Elastomers, see PolyOne
Huntsman Corporation 330
INEOS Group AG 332
Japan Polypropylene, see Mitsubishi Chemical Holdings
© 2015 by The Freedonia Group, Inc. v
Keyuan Petrochemicals Incorporated 334
KRAIBURG Holding GmbH and Company KG 335
Kraton Performance Polymers Incorporated 337
Kumho Petrochemical Company Limited 341
Kuraray Company Limited 342
LCY Chemical Corporation 344
LG Chem Limited 345
Lotte Versalis Elastomers, see Eni
Lubrizol, see Berkshire Hathaway
Lucent Polymers, see Schulman (A.)
LyondellBasell Industries NV 347
Mexichem SAB de CV 349
Mitsubishi Chemical Holdings Corporation 351
Mitsui Chemicals Incorporated 354
Multibase, see Dow Corning
OAO Voronezhsintezkauchuk, see SIBUR Holding PAO
PolyOne Corporation 356
Repsol SA 360
Royal DSM NV 362
Schulman (A.) Incorporated 365
SIBUR Holding PAO 367
Sinopec, see China Petroleum and Chemical
SO.F.TER. SpA 368
Styrolution Group, see INEOS Group
Sumitomo Chemical Company Limited 371
Sunprene Thailand, see Mitsubishi Chemical Holdings
Taiwan Advanced Materials, see TSRC
Taiwan Sheen Soon, see BASF
Tecnoelastomeri, see Huntsman
Teknor Apex Company 373
TSRC Corporation 375
Versalis, see Eni
Wanhua Chemical Group Company Limited 377
ZEON Corporation 379
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 10
2 World Population by Region 13
3 World Personal Consumption Expenditures 17
4 World Manufacturing Value Added by Region 19
5 World Motor Vehicle Production by Region 22
6 World Construction Expenditures by Region 25
7 Thermoplastic Elastomer Pricing Trends 28
SECTION III -- REGIONAL OVERVIEW
1 World Thermoplastic Elastomer Demand by Region 32
2 World Thermoplastic Elastomer Production by Region 34
3 World Thermoplastic Elastomer Net Exports by Region 36
SECTION IV -- PRODUCT OVERVIEW
1 World Thermoplastic Elastomer Demand by Product 40
2 World Styrenic Block Copolymer Demand by Market 46
3 World Styrenic Block Copolymer Demand by Region 48
4 World Thermoplastic Polyolefin Demand by Market 58
5 World Thermoplastic Polyolefin Demand by Region 60
6 World Polyolefin Elastomer Demand by Market 65
7 World Polyolefin Elastomer Demand by Region 67
8 World Thermoplastic Polyurethane Demand by Market 74
9 World Thermoplastic Polyurethane Demand by Region 76
10 World Thermoplastic Vulcanizate Demand by Market 83
11 World Thermoplastic Vulcanizate Demand by Region 85
12 World Copolyester Elastomer Demand by Market 92
13 World Copolyester Elastomer Demand by Region 93
14 World Demand for Other Thermoplastic Elastomers
by Market 98
15 World Demand for Other Thermoplastic Elastomers
by Region 99
SECTION V -- MARKET OVERVIEW
1 World Thermoplastic Elastomer Demand by Market 104
2 World Motor Vehicle Markets for Thermoplastic Elastomers 110
3 World Consumer Goods Markets for Thermoplastic Elastomers 113
4 World Asphalt and Roofing Markets for Thermoplastic
Elastomers 116
5 World Adhesive, Sealant, and Coating Markets for Thermoplastic
Elastomers 119
6 World Industrial Product Markets for Thermoplastic
Elastomers 122
7 Other World Markets for Thermoplastic Elastomers 127
SECTION VI -- NORTH AMERICA
1 North America: Thermoplastic Elastomer Supply and Demand 130
2 North America: Thermoplastic Elastomer Demand
by Product and Market 132
3 United States: Thermoplastic Elastomer Supply and Demand 136
4 United States: Thermoplastic Elastomer Demand
by Product and Market 140
5 Canada: Thermoplastic Elastomer Supply and Demand 143
6 Canada: Thermoplastic Elastomer Demand
by Product and Market 145
7 Mexico: Thermoplastic Elastomer Supply and Demand 148
8 Mexico: Thermoplastic Elastomer Demand by Product
and Market 150
SECTION VII -- WESTERN EUROPE
1 Western Europe: Thermoplastic Elastomer Supply and Demand 153
2 Western Europe: Thermoplastic Elastomer Demand
by Product and Market 156
3 Germany: Thermoplastic Elastomer Supply and Demand 160
4 Germany: Thermoplastic Elastomer Demand
by Product and Market 162
5 France: Thermoplastic Elastomer Supply and Demand 165
6 France: Thermoplastic Elastomer Demand
by Product and Market 167

LIST OF TABLES

7 United Kingdom: Thermoplastic Elastomer
Supply and Demand 170
8 United Kingdom: Thermoplastic Elastomer Demand
by Product and Market 172
9 Spain: Thermoplastic Elastomer Supply and Demand 176
10 Spain: Thermoplastic Elastomer Demand
by Product and Market 178
11 Italy: Thermoplastic Elastomer Supply and Demand 182
12 Italy: Thermoplastic Elastomer Demand
by Product and Market 184
13 Other Western Europe: Thermoplastic Elastomer
Supply and Demand 188
14 Other Western Europe: Thermoplastic Elastomer Demand
by Product and Market 190
SECTION VIII -- ASIA/PACIFIC
1 Asia/Pacific: Thermoplastic Elastomer Supply and Demand 193
2 Asia/Pacific: Thermoplastic Elastomer Demand
by Product and Market 196
3 China: Thermoplastic Elastomer Supply and Demand 201
4 China: Thermoplastic Elastomer Demand
by Product and Market 204
5 Japan: Thermoplastic Elastomer Supply and Demand 209
6 Japan: Thermoplastic Elastomer Demand
by Product and Market 211
7 South Korea: Thermoplastic Elastomer Supply and Demand 215
8 South Korea: Thermoplastic Elastomer Demand
by Product and Market 217
9 India: Thermoplastic Elastomer Supply and Demand 220
10 India: Thermoplastic Elastomer Demand
by Product and Market 223
11 Taiwan: Thermoplastic Elastomer Supply and Demand 228
12 Taiwan: Thermoplastic Elastomer Demand
by Product and Market 230
13 Other Asia/Pacific: Thermoplastic Elastomer
Supply and Demand 233
14 Other Asia/Pacific: Thermoplastic Elastomer Demand
by Product and Market 236
SECTION IX -- OTHER REGIONS
1 Central and South America: Thermoplastic Elastomer
Supply and Demand 239
2 Central and South America: Thermoplastic Elastomer Demand
by Product and Market 241
3 Brazil: Thermoplastic Elastomer Supply and Demand 245
4 Brazil: Thermoplastic Elastomer Demand
by Product and Market 247
5 Other Central and South America: Thermoplastic Elastomer
Supply and Demand 250
6 Other Central and South America: Thermoplastic Elastomer Demand
by Product and Market 252
7 Eastern Europe: Thermoplastic Elastomer
Supply and Demand 254
8 Eastern Europe: Thermoplastic Elastomer Demand
by Product and Market 256
9 Russia: Thermoplastic Elastomer Supply and Demand 259
10 Russia: Thermoplastic Elastomer Demand
by Product and Market 261
11 Other Eastern Europe: Thermoplastic Elastomer
Supply and Demand 264
12 Other Eastern Europe: Thermoplastic Elastomer Demand
by Product and Market 266
13 Africa/Mideast: Thermoplastic Elastomer
Supply and Demand 270
14 Africa/Mideast: Thermoplastic Elastomer Demand
by Product and Market 272
SECTION X -- INDUSTRY STRUCTURE
1 Thermoplastic Elastomer Sales by Company, 2014 276
2 Selected Acquisitions and Divestitures 290
3 Selected Cooperative Agreements 293

LIST OF CHARTS

SECTION IV -- PRODUCT OVERVIEW
1 World Thermoplastic Elastomer Demand by Product, 2014 41
2 Styrenic Block Copolymer Capacity by Country, 2014 51
SECTION V -- MARKET OVERVIEW
1 World Thermoplastic Elastomer Demand by Market, 2014 105
SECTION VI -- NORTH AMERICA
1 North America: Thermoplastic Elastomer Demand
by Country, 2014 133
SECTION VII -- WESTERN EUROPE
1 Western Europe: Thermoplastic Elastomer Demand
by Country, 2014 157
SECTION VIII -- ASIA/PACIFIC
1 Asia/Pacific: Thermoplastic Elastomer Demand
by Country, 2014 197
SECTION X -- INDUSTRY STRUCTURE
1 World Thermoplastic Elastomer Market Share, 2014 277

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