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Thermoplastic Elastomers Market by Type, End-use Industry, Region - Global Forecast to 2022

Thermoplastic Elastomers Market: Global Forecast until 2022

  • June 2017
  • 196 pages
  • ID: 4973887
In this report:
According to the National Association of Automobile Manufacturers of South Africa (NAAMSA), the automotive sales in 2017 are expected to grow by ##.##% from ##,## units in 2016.
China is the primary exporter for footwear to the U.S. The thermoplastic elastomers market in footwear industry is projected to reach ##.## kilotons by 2022, registering a CAGR of ##.##% between 2017 and 2022.

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"In terms of value importance, the thermoplastic elastomers market is estimated to rise at a compound annual growth rate of 5.20 percent during the forecast period between 2017 and 2022."

The thermoplastic elastomers market is estimated to grow ~$28.3B by 2022, at a compound annual growth rate of 5.20 percent between 2017 and 2022. Thermoplastic elastomers possess properties of both, plastics and elastomers. They can be molded easily at room temperature by heating them. Thermoplastic elastomers are increasingly used in different end-use markets, due to the properties suggested by them, which include heat stability, smoothness, wear resistance, and scratch resistance. The rising demand for thermoplastic elastomers from the automotive market of the Asia-Pacific area is forecast to fuel the increase of the thermoplastic elastomers market across the world. Also, the environment-friendly nature of thermoplastic elastomers, together with advancements being carried out in the thermoplastic elastomer processing sector is also anticipated to fuel the rise of the thermoplastic elastomers market during the outlook period. Volatile prices of raw materials and technical difficulties engaged in the development of low cost and economical thermoplastic elastomer products are the factors anticipated to restrain the increase of the thermoplastic elastomers market during the estimate period.

"The thermoplastic vulcanizates type segment of the thermoplastic elastomers market is projected grow at the maximal CAGR (Compound annual growth rate) between 2017 and 2022."

Thermoplastic vulcanizates are prepared by the dynamic vulcanization of non-miscible blends of rubber and a semi-crystalline thermoplastic. The most common type of thermoplastic vulcanizates is ethylene propylene diene monomer / polypropylene thermoplastic vulcanizate. The most important advantage of thermoplastic vulcanizates is their ability to reuse and recycle production scrap and waste. Thermoplastic vulcanizates offer excellent colorability. As such, they are used for developing interiors of automobiles. The increasing demand for thermoplastic vulcanizates as a replacement for polyvinyl chloride in the healthcare market is one of the main drivers for the increase ot the thermoplastic vulcanizates segment of the thermoplastic elastomers market. Thermoplastic vulcanizates have low drug absorption and are environment-friendly. They offer optical clarity and toughness. Thermoplastic vulcanizates are used in the manufacturing of catheters, blood bags, and disposable gloves.

"The automotive end-use industry segment is projected to dominate the thermoplastic elastomers market between 2017 and 2022."

The automotive end-use industry segment is forecasted to dominate the thermoplastic elastomers market during the outlook period between 2017 and 2022.

Thermoplastic elastomers are used in the manufacturing of exterior filler panels, wipers, rocker panels, body seals, automotive gaskets, door & window handles, and vibration damping pads of automobiles. Furthermore, the recent advancements in thermoplastic elastomers have made them suitable for under-the-hood applications, including belts & hoses, clamps, fuel lines, and buffer blocks for bonnets & boots.

"The Asia-Pacific thermoplastic elastomers market is expected to increase at the maximal compound annual growth rate (CAGR) during the estimate period."

The Asia-Pacific thermoplastic elastomers market is expected to rise at the highest CAGR (Compound annual growth rate) between 2017 and 2022. China (CN) is forecasted to be the biggest market for thermoplastic elastomers in the Asia Pacific (APAC) area. The India thermoplastic elastomers market is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period. The growing demand for thermoplastic elastomers from several end-use sectors, like automotive, building & construction, and footwear is predicted to push the increase of the Asia-Pacific thermoplastic elastomers market between 2017 and 2022.

Extensive primary audit sessions were conducted to determine and verify the market sizes of different segments and subsegments of the thermoplastic elastomers market.

The break-up of primary interviews is presented below:

• By Company category - Tier 1 - 30.0 percent, Tier 2 - 43.0 percent, and Tier 3 - 27.0 percent

• By Description - C-suite - 21.0 percent, D-level - 23.0 percent, and Others - 56.0 percent

• By Area - North America continent - 30.0 percent, Europe (EU) - 18.0 percent, Asia-pac- 41%, and RoW- 11.0 percent

The firms decribed in this business report on the thermoplastic elastomers market are Arkema (AKE), Asahi Kasei Corporation, Covestro (ETR:1COV), Evonik Industries , Kraton Corporation, Lubrizol Corporation, LyondellBasell Industries N.V., PolyOne Corporation, Sinopec Group, Teknor Apex Company, Dow Chemical (NYSE:DOW), and Tosoh Corporation.

Segment Research

This market research classifies the thermoplastic elastomers market based on type, end-use sector, and area. The industry report includes in-depth information concerning the main factors, including drivers, industry restraints, opportunities, and possibilities influencing the rise of the thermoplastic elastomers market. An in-depth study of the main industry actors has been done to furnish business insights into their businesses and products & services provided by them. The study also contains the best strategies, including expansions, mergers & acquisitions, new industry product developments, and strategic agreements approved by the key players to enhance their rank in the thermoplastic elastomers market.

Reasons to Buy the Report

The analysis is expected to benefit industry top players/new sector entrants in this sector in these ways:

1. This document breaks down the thermoplastic elastomers market comprehensively and offers the closest approximations of the sizes for the global market and its sub-segments across several verticals and localities.

2. The market research is expected to benefit the partners distinguish the pulse of the sector and offer them information on the main market drivers, market restraints, opportunities, and alternatives influencing the increase of the thermoplastic elastomers market.

3. This industry report is expected to benefit the partners comprehend the top players in the thermoplastic elastomers market and gain insights to improve their positions in the industry. The competitive outlook section includes exhaustive information on the expansions, acquisitions, and new industry product developments that took place in the sector.

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