World Thermoplastic Elastomers Market

  • August 2013
  • -
  • Freedonia
  • -
  • 361 pages

Global TPE demand to rise 5.5% yearly through 2017

Worldwide demand for thermoplastic elastomers (TPEs) is forecast to rise 5.5 percent per annum to 5.8 million metric tons in 2017. Advances will be driven by ongoing product innovation on the part of TPE manufacturers, allowing these materials to further displace traditional elastomers and thermoplastics in a variety of applications. In addition, TPE demand will benefit from the ongoing push to reduce motor vehicle weight, particularly as automotive fuel economy standards worldwide become more stringent.

Healthy growth will also be fueled by an improved economic outlook in developed regions such as North America and Western Europe, while gains in emerging markets will benefit from further adoption of TPEs over competing materials.

Demand in Asia/Pacific region to remain dominant

The Asia/Pacific region will continue to be the largest market for TPEs through 2017, rising at an above average pace to account for nearly half of global demand in 2017. China, the world’s largest consumer of TPEs in volume terms, will continue to see strong annual growth in demand. Regional gains will also benefit from robust expansion in India and Southeast Asia, although continued sluggishness in the sizable Japanese market will limit growth. TPE demand in North America and Western Europe will exhibit substantial improvement compared to the recession-plagued 2007-2012 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 gains in demand through 2017, particularly the Africa/ Mideast region, where current TPE consumption per capita is the lowest worldwide.

POEs, TPVs to exhibit most rapid gains

Styrenic block copolymers (SBCs) will remain the leading TPE product type through 2017. However, SBC demand will rise at a below average pace compared to TPEs overall, limited by a high degree of market saturation in many large volume applications. The fastest growth is expected for polyolefin elastomers (POEs), a relatively new TPE product class that is gaining rapid acceptance as a performance additive for plastics and packaging adhesives. Strong gains are also forecast for thermoplastic vulcanizates (TPVs), which are penetrating new applications in motor vehicle, consumer, and medical product markets. A resurgent motor vehicle industry will spur demand for thermoplastic polyolefins (TPOs), although advances will be restrained by maturity in applications such as automotive bumper fascia.

Motor vehicles to remain leading market for TPEs

Motor vehicles account for the largest portion of the world TPE market, with one-third of total demand in 2012. Gains will be fueled by an improvement in the TPE-intensity of automotive industries in North America and Western Europe, as well as increased TPE usage in emerging markets. The most rapid growth will be seen in the asphalt and roofing market, driven by a rebound in developed world construction spending. The adhesive/ sealant/coatings market will also see good growth, as TPEs continue to displace other resins in adhesive formulations.

Study coverage

This upcoming Freedonia industry study, World Thermoplastic Elastomers, is priced at $6400. It presents historical demand data (2002, 2007 and 2012) plus forecasts for 2017 and 2022 by product and in six regions and 15 countries. The study also considers market environment factors, evaluates company market share and profiles 40 global industry players.

Table Of Contents

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 11
World Consumer Spending Patterns 14
World Manufacturing Overview 16
World Motor Vehicle Production Outlook 19
World Construction Overview 21
Thermoplastic Elastomer Demand/GDP Relationship 24

III. PRODUCT OVERVIEW 27

General 27
Styrenic Block Copolymers 31
Demand by Market 33
Demand by Region 36
Suppliers and Capacity 38
Thermoplastic Polyolefins 40
Demand by Market 43
Demand by Region 46
Suppliers 48
Polyolefin Elastomers 49
Demand by Market 51
Demand by Region 53
Suppliers 55
Thermoplastic Polyurethanes 57
Demand by Market 59
Demand by Region 61
Suppliers 63
Thermoplastic Vulcanizates 66
Demand by Market 67
Demand by Region 70
Suppliers 72
Copolyester Elastomers 74
Demand by Market 75
Demand by Region 79
Suppliers 80
Other Thermoplastic Elastomers 82
Demand by Market 83
Demand by Region 84
Suppliers 86

IV. MARKET OVERVIEW 88

General 88
Motor Vehicles 91
Consumer Goods 95
Asphalt and Roofing 99
Adhesives, Sealants, and Coatings 101
Industrial Products 104
Other Markets 107

V. NORTH AMERICA 112

Economic Overview 112
Thermoplastic Elastomer Demand 114
United States 117
Canada 124
Mexico 129

VI. WESTERN EUROPE 134

Economic Overview 134
Thermoplastic Elastomer Demand 136
Germany 140
France 146
United Kingdom 151
Spain 156
Italy 161
Other Western Europe 166

VII. ASIA/PACIFIC 171

Economic Overview 171
Thermoplastic Elastomer Demand 173
China 178
Japan 185
South Korea 191
India 196
Taiwan 201
Other Asia/Pacific 208

VIII. OTHER REGIONS 213

Central and South America 213
Brazil 218
Other Central and South America 224
Eastern Europe 228
Russia 232
Other Eastern Europe 238
Africa/Mideast 243

IX. INDUSTRY STRUCTURE 249

General 249
Market Share 253
Technology and Manufacturing 257
Technology 258
Manufacturing 259
Competitive Strategies 260
Acquisitions and Divestitures 262
Cooperative Agreements 265
Marketing and Distribution 270
Marketing 270
Distribution 272
Company Profiles 273
Advanced Composites, see Mitsui Chemicals
AlphaGary, see Mexichem
Arkema SA 274
Asahi Kasei Corporation 276
BASF SE 278
Bayer AG 281
Berkshire Hathaway Incorporated 285
Celanese Corporation 288
Chi Mei Corporation 290
China Petroleum and Chemical Corporation 291
Comtrex, see Mitsubishi Chemical Holdings
Dexco Polymers, see TSRC
DIC Bayer Polymer, see Bayer
Dow Chemical Company 292
Dow Corning Corporation 295
DuPont (EI) de Nemours 296
Dynasol Elastomeros, see Repsol
EMS-Chemie Holding AG 298
En Chuan Chemical Industries Company Limited 300
Eni SpA 301
Epurex Films, see Bayer
Equistar Chemicals, see LyondellBasell Industries
Exxon Mobil Corporation 303
GLS Thermoplastic Elastomers, see PolyOne
Huntsman Corporation 306
Japan Polypropylene, see Mitsubishi Chemical Holdings
Keyuan Petrochemicals Incorporated 308
Korea Kumho Petrochemical Company Limited 309
KRAIBURG Holding GmbH and Company KG 310
Kraton Performance Polymers Incorporated 313
Kuraray Company Limited 316
LCY Chemical Corporation 318
LG Chem Limited 319
Lubrizol, see Berkshire Hathaway
LyondellBasell Industries NV 321
Merquinsa Mercados Quimicos, see Berkshire Hathaway
Mexichem SAB de CV 324
Mitsubishi Chemical Holdings Corporation 326
Mitsui Chemicals Incorporated 330
Multibase, see Dow Corning
Polimeri Europa, see Eni
PolyOne Corporation 332
Repsol SA 338
Royal DSM NV 340
Schulman (A.) Incorporated 342
Shandong Dawn Polymer Company Limited 344
SIBUR Holding CJSC 345
Sinopec, see China Petroleum and Chemical
SO.F.TER SpA 346
Spartech, see PolyOne
Styrolution Group, see BASF
Sumitomo Chemical Company Limited 349
Sunprene Thailand, see Mitsubishi Chemical Holdings
Teknor Apex Company 350
Ticona, see Celanese
TSRC Corporation 353
Versalis, see Eni
Wanhua Chemical Group Company Limited 356
ZEON Corporation 358
Other Companies Mentioned in Study 360



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 16
4 World Manufacturing Value Added by Region 18
5 World Motor Vehicle Production by Region 21
6 World Construction Expenditures by Region 23

SECTION III -- PRODUCT OVERVIEW

1 World Thermoplastic Elastomer Demand by Product 30
2 World Styrenic Block Copolymer Demand by Market 35
3 World Styrenic Block Copolymer Demand by Region 37
4 World Thermoplastic Polyolefin Demand by Market 46
5 World Thermoplastic Polyolefin Demand by Region 48
6 World Polyolefin Elastomer Demand by Market 53
7 World Polyolefin Elastomer Demand by Region 55
8 World Thermoplastic Polyurethane Demand by Market 61
9 World Thermoplastic Polyurethane Demand by Region 63
10 World Thermoplastic Vulcanizate Demand by Market 70
11 World Thermoplastic Vulcanizate Demand by Region 72
12 World Copolyester Elastomer Demand by Market 78
13 World Copolyester Elastomer Demand by Region 80
14 World Demand for Other Thermoplastic Elastomers by Market 84
15 World Demand for Other Thermoplastic Elastomers by Region 85

SECTION IV -- MARKET OVERVIEW

1 World Thermoplastic Elastomer Demand by Market 90
2 World Motor Vehicle Markets for Thermoplastic Elastomers 95
3 World Consumer Goods Markets for Thermoplastic Elastomers 98
4 World Asphalt and Roofing Markets for Thermoplastic
Elastomers 101
5 World Adhesive, Sealant, and Coating Markets for
Thermoplastic Elastomers 104
6 World Industrial Product Markets for Thermoplastic
Elastomers 107
7 Other World Markets for Thermoplastic Elastomers 111

SECTION V -- NORTH AMERICA

1 North America: Thermoplastic Elastomer Supply and Demand 113
2 North America: Thermoplastic Elastomer Demand
by Product and Market 116
3 United States: Thermoplastic Elastomer Supply and Demand 119
4 United States: Thermoplastic Elastomer Demand
by Product and Market 123
5 Canada: Thermoplastic Elastomer Supply and Demand 125
6 Canada: Thermoplastic Elastomer Demand by Product
and Market 128
7 Mexico: Thermoplastic Elastomer Supply and Demand 130
8 Mexico: Thermoplastic Elastomer Demand by Product
and Market 133

SECTION VI -- WESTERN EUROPE

1 Western Europe: Thermoplastic Elastomer Supply and Demand 136
2 Western Europe: Thermoplastic Elastomer Demand
by Product and Market 139
3 Germany: Thermoplastic Elastomer Supply and Demand 142
4 Germany: Thermoplastic Elastomer Demand by Product
and Market 145
5 France: Thermoplastic Elastomer Supply and Demand 147
6 France: Thermoplastic Elastomer Demand by Product
and Market 150
7 United Kingdom: Thermoplastic Elastomer Supply
and Demand 152
8 United Kingdom: Thermoplastic Elastomer Demand
by Product and Market 155
9 Spain: Thermoplastic Elastomer Supply and Demand 157
10 Spain: Thermoplastic Elastomer Demand by Product
and Market 160
11 Italy: Thermoplastic Elastomer Supply and Demand 162
12 Italy: Thermoplastic Elastomer Demand by Product and Market 165
13 Other Western Europe: Thermoplastic Elastomer Supply
and Demand 167
14 Other Western Europe: Thermoplastic Elastomer Demand
by Product and Market 170

SECTION VII -- ASIA/PACIFIC

1 Asia/Pacific: Thermoplastic Elastomer Supply and Demand 173
2 Asia/Pacific: Thermoplastic Elastomer Demand by Product
and Market 176
3 China: Thermoplastic Elastomer Supply and Demand 180
4 China: Thermoplastic Elastomer Demand by Product
and Market 184
5 Japan: Thermoplastic Elastomer Supply and Demand 186
6 Japan: Thermoplastic Elastomer Demand by Product
and Market 190
7 South Korea: Thermoplastic Elastomer Supply and Demand 192
8 South Korea: Thermoplastic Elastomer Demand by Product
and Market 195
9 India: Thermoplastic Elastomer Supply and Demand 197
10 India: Thermoplastic Elastomer Demand by Product and Market 200
11 Taiwan: Thermoplastic Elastomer Supply and Demand 203
12 Taiwan: Thermoplastic Elastomer Demand by Product
and Market 207
13 Other Asia/Pacific: Thermoplastic Elastomer Supply
and Demand 209
14 Other Asia/Pacific: Thermoplastic Elastomer Demand
by Product and Market 212

SECTION VIII -- OTHER REGIONS

1 Central and South America: Thermoplastic Elastomer Supply
and Demand 215
2 Central and South America: Thermoplastic Elastomer Demand
by Product and Market 217
3 Brazil: Thermoplastic Elastomer Supply and Demand 220
4 Brazil: Thermoplastic Elastomer Demand by Product
and Market 223
5 Other Central and South America: Thermoplastic Elastomer
Supply and Demand 225
6 Other Central and South America: Thermoplastic Elastomer
Demand by Product and Market 227
7 Eastern Europe: Thermoplastic Elastomer Supply and Demand 229
8 Eastern Europe: Thermoplastic Elastomer Demand
by Product and Market 231
9 Russia: Thermoplastic Elastomer Supply and Demand 234
10 Russia: Thermoplastic Elastomer Demand by Product
and Market 237
11 Other Eastern Europe: Thermoplastic Elastomer Supply
and Demand 239
12 Other Eastern Europe: Thermoplastic Elastomer Demand
by Product and Market 242
13 Africa/Mideast: Thermoplastic Elastomer Supply and Demand 244
14 Africa/Mideast: Thermoplastic Elastomer Demand
by Product and Market 248

SECTION IX -- INDUSTRY STRUCTURE

1 Thermoplastic Elastomer Sales by Company, 2012 252
2 Selected Acquisitions and Divestitures 264
3 Selected Cooperative Agreements 266



LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Per Capita TPE Demand/Per Capita GDP Relationship, 2012 26

SECTION III -- PRODUCT OVERVIEW

1 World Thermoplastic Elastomer Demand by Product, 2012 31
2 Styrenic Block Copolymer Capacity by Country, 2012 40

SECTION IV -- MARKET OVERVIEW

1 World Thermoplastic Elastomer Demand by Market, 2012 90

SECTION V -- NORTH AMERICA

1 North America: Thermoplastic Elastomer Demand
by Country, 2012 117

SECTION VI -- WESTERN EUROPE

1 Western Europe: Thermoplastic Elastomer Demand
by Country, 2012 140

SECTION VII -- ASIA/PACIFIC

1 Asia/Pacific: Thermoplastic Elastomer Demand
by Country, 2012 177
2 Asia/Pacific: Change in TPE Demand Between 2012 and 2017
by Country 177

SECTION IX -- INDUSTRY STRUCTURE

1 World Thermoplastic Elastomer Market Share, 2012 253

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