Thermoplastic Elastomers (TPE) Market Analysis: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

$ PRICE - $ 3,000.00$ 8,900.00

Thermoplastic Elastomers (TPE) Market Analysis: By Product (Styrenic Block Copolymers (SBC, SBS, SIS, HSBC), Thermoplastic Polyurethanes (TPU), Thermoplastic Polyolefins (TPO), Thermoplastic Vulcanizates (TPV), Copolyester Elastomers (COPE)), By Application (Automotive, Footwear, Construction, Medical, Electronics, Industrial, Advanced Materials) and Geography.

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail

Report

Description

The global thermoplastic elastomers market size valued USD 2586.6 million in 2020 and expected to reach USD 38423.4 million by 2027, at a CAGR of 5.8% during the forecast period 2021 to 2027. Thermoplastic elastomers (TPE) are plastic that exhibit the properties of vulcanized elastomers (rubber) at room temperature, but can be processed like thermoplastic plastics when heated. TPEs are unique, eco-friendly thermoplastics that are not only recyclable but can also be re-molded and re-shaped, thereby eliminating wastage quite extensively. These offer various other advantages in terms of physical attributes & characteristics such as resistance to chemicals, UV, oxidation, and providing soft-touch to materials. These properties are increasingly driving rubber and conventional plastic material replacement by TPEs in their respective applications. Several federal bodies such as FDA, US Pharmacopeia regulate product applications in numerous end-use industries to ensure utmost consumer health and safety. These regulations affirm TPE utilization for commercial applications by providing guidelines for prudent product usage.

Thermoplastic Elastomers (TPE) Market

MARKET SUMMARY
-
5.8% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.8%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Thermoplastic Elastomers (TPE) Market

  • The report on global thermoplastic elastomers market gives historical, current and future market sizes (US$ Mn) based on product type, application and geographical regions
  • thermoplastic elastomers market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • DowDuPont Inc.
  • Arkema Group
  • Asahi Kasei Corporation
  • PolyOne Corporation
  • Elastron Kimya SA
Thermoplastic Elastomers (TPE) Market

Drivers And Restraints

Increasing consumer preference for high performance and lightweight passenger cars has been driving plastics innovation in automotive manufacturing. These factors have led to increased thermoplastics consumption in the aforementioned application. Thermoplastic elastomers exhibit superior physical and chemical properties compared to thermoset plastics, thus gaining preference in terms of application. High substitution rate of TPU & TPO as an alternative to ethylene propylene diene monomer (EPDM) in construction materials is expected to complement global industry demand over the forecast period. However, high cost of TPE materials over conventional plastics, rubbers, and thermoset materials will restrict the use of TPE in case of fillers for products where large volume of materials are required at a low cost.


Asia-Pacific got significant share

Thermoplastic Elastomers (TPE) Market

Geographically, thermoplastic elastomers (TPE) market analysis is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific thermoplastic elastomers market emerged as the largest consumer and accounted for over XX% of the overall volume in 2017. China, India,andJapan are major consumers in APACand accounted for over XX% of the regional volume in 2017. High construction and automotive industry growth in China & India along with increasing footwear and electronic goods production in South East Asia is expected to drive further TPE demand in APAC over the forecast period. North America is characterized by heavy R&D by domestic companies aimed at product innovation and increased application scope. Structured regulatory policies pertaining to application specific plastics consumption and disposal is expected to have a significant impact on the regional market growth. Increasing automotive production in the U.S. and Mexico along with construction and consumer industries’ growth in Mexico is expected to drive North America TPE demand over the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In January 2018: Polymax Thermoplastic Elastomers LLC, a manufacturer and custom compounder of thermoplastic elastomers, is planning to increase the size of its production operation, by adding about eight million pounds of annual capacity.
Thermoplastic Elastomers (TPE) Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • DowDuPont Inc.
  • Arkema Group
  • Asahi Kasei Corporation
  • PolyOne Corporation
  • Elastron Kimya SA
  • Kraton Corporation
  • Evonik Industries
  • Covestro AG.

Description

The global thermoplastic elastomers market size valued USD 2586.6 million in 2020 and expected to reach USD 38423.4 million by 2027, at a CAGR of 5.8% during the forecast period 2021 to 2027. Thermoplastic elastomers (TPE) are plastic that exhibit the properties of vulcanized elastomers (rubber) at room temperature, but can be processed like thermoplastic plastics when heated. TPEs are unique, eco-friendly thermoplastics that are not only recyclable but can also be re-molded and re-shaped, thereby eliminating wastage quite extensively. These offer various other advantages in terms of physical attributes & characteristics such as resistance to chemicals, UV, oxidation, and providing soft-touch to materials. These properties are increasingly driving rubber and conventional plastic material replacement by TPEs in their respective applications. Several federal bodies such as FDA, US Pharmacopeia regulate product applications in numerous end-use industries to ensure utmost consumer health and safety. These regulations affirm TPE utilization for commercial applications by providing guidelines for prudent product usage.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX