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Global Thermoplastic Elastomer (TPE) Market

  • July 2017
  • 180 pages
  • Mordor Intelligence LLP
Report ID: 5023899

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The Global Thermoplastic Elastomers (TPEs) market was valued at USD XX billion in 2016, and is projected to reach USD XX billion by 2021, growing at a CAGR of XX during the forecast period 2016-2021.

Thermoplastic Elastomers (TPEs) are a class of polymers, which behave like thermoset rubber. These elastomers are generally low modulus, flexible materials that can be stretched repeatedly to at least twice their original length at room temperature with an ability to return to their approximate original length when stress is released.

Advancement in thermoplastics elastomers market 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. Furthermore, TPE market is witnessing huge demand for HVAC application & also there is increasing demand of TPEs in the emerging markets of India, China and Brazil. These factors are driving the global thermoplastic elastomers (TPE) market.

Thermoplastic Elastomers (TPEs) replaced natural and synthetic rubber due to its ability to form in various shapes adhering to many conventional and innovative processability techniques, hence resulting in shapes of complex designs. The soft and hard segment linking in TPEs due to the presence of both elastomers and thermoplastics make TPEs highly resistant to heat, chemicals, weather changes and oxidation, thus making them suitable for various applications. However, volatility in raw material prices & market saturation on TPE in almost all of its application, are factors which is highly restraining the growth of this market.

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. The Asia Pacific region will continue to be the largest market for TPEs through 2021, rising at an above average pace to account for nearly half of global demand in 2021. China, the world’s largest consumer of TPEs in volume terms, will continue to see strong annual growth in demand.

Increasing R&D efforts will make TPE highly resourceful and the huge demand from the automotive sector which finds TPEs useful in a myriad of applications. Regulations from the automotive, food, medical, packaging sectors help the growth of TPEs as they leave minimal extractables. Growing segments such as bio TPEs are emerging commercially and would be very effective due to cleanliness of the bio material and harmless wastage that they may leave, in future.

Opportunity for companies for strategic business development include its increased application in fabrication of medical instruments in the growing healthcare industry. Growing demand for bio-base thermoplastic elastomers also would provide an insightful information on the upcoming opportunities of the market. Some of the major players in this market are SINOPEC Corporation, Styron Group, Chemtura Corporation, SABIC, BASF, The Dow Chemical Company and Covestro.


What the report offers/b>

Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Thermoplastic Elastomers market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
Identification and analysis of the Macro and Micro factors that affect the Thermoplastic Elastomers market on both global and regional scale.

Reasons for Buying this Report

For gaining an exhaustive understanding of the worldwide Thermoplastic Elastomers market
Would be of assistance in providing a comprehensive analysis of the major trends and associated prospects for market growth over the coming half a decade
An ideal opportunity for industry consultants, Thermoplastic Elastomers producers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered.
Get a comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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