Thermoplastic Elastomers (TPE) Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

$ PRICE - $ 3,000.00$ 8,900.00

Thermoplastic Elastomers (TPE) Market: By Polymer Type (Block Copolymers, Simple Polymer Blends, Reactive Polymer Blends), By Polymer Sequence (Multiblock Polymers, Tri-Block Polymers), By Applications (Automotive, Construction, Cable and Wires, Sports & Sports Equipment, Consumer Goods, Medical, Electronics, Others), and Geography

 

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

Report

Description

Thermoplastic Elastomers (TPE) Market size valued USD 2586.6 million in 2021 and expected to reach USD 38423.4 million by 2028, at a CAGR of 5.8% during the forecast period 2022 to 2028. 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.

 

Key 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

MARKET SUMMARY
-
5.8% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • 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
Thermoplastic Elastomers (TPE) Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Global Thermoplastic Elastomers Market Introduction
2.1. Global Thermoplastic Elastomers Market – Taxonomy
2.2. Global Thermoplastic Elastomers Market –Definitions
2.2.1. By Polymer Type
2.2.2. By Polymer Sequence
2.2.3. By Applications
2.2.4. By Region
3. Global Thermoplastic Elastomers Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Thermoplastic Elastomers Market Dynamic Factors – Impact Analysis
3.6. Global Thermoplastic Elastomers Market – Competition Landscape
4. Global Thermoplastic Elastomers Market Analysis,2017-2021 and Forecast, 2022-2028
4.1. Market Analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Thermoplastic Elastomers Market, By Polymer Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Block Copolymers
5.1.1. TPE-A Co-Polyamides
5.1.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. TPE-C Co-Polyesthers
5.1.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. TPE-U Co-Polyurethens
5.1.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.1.4. TPE-S Styrene Block
5.1.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4.3. Market Opportunity Analysis
5.2. Simple Polymer Blends
5.2.1. TPE-O Polyolefene Blend
5.2.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.2.2. TPE-Z Polymer Alloys
5.2.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.2.3. Market Opportunity Analysis
5.3. Reactive Polymer Blends
5.3.1. TPE-V Vulkanizates
5.3.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.1.3. Market Opportunity Analysis
5.3.2. TPE-H Hybrids
5.3.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.2.3. Market Opportunity Analysis
6. Global Thermoplastic Elastomers Market Forecast, By Polymer Sequence, 2017-2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Multiblock Polymers
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Tri-Block Polymers
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Thermoplastic Elastomers Market, By Applications, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Automotive
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Construction
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Cable and Wires
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Sports & Sports Equipment
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Consumer Goods
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Medical
7.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Electronics
7.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
7.8. Others
7.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.8.3. Market Opportunity Analysis
8. Global Thermoplastic Elastomers Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Thermoplastic Elastomers Market – Opportunity Analysis Index, By Polymer Type, Polymer Sequence, Applications, and Region, 2022-2028
9. North America Thermoplastic Elastomers market analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. By Polymer Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Block Copolymers
9.1.1.1. TPE-A Co-Polyamides
9.1.1.2. TPE-C Co-Polyesthers
9.1.1.3. TPE-U Co-Polyurethens
9.1.1.4. TPE-S Styrene Block
9.1.2. Simple Polymer Blends
9.1.2.1. TPE-O Polyolefene Blend
9.1.2.2. TPE-Z Polymer Alloys
9.1.3. Reactive Polymer Blends
9.1.3.1. TPE-V Vulkanizates
9.1.3.2. TPE-H Hybrids
9.2. Polymer Sequence Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Multiblock Polymers
9.2.2. Tri-Block Polymers
9.3. Applications Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. Automotive
9.3.2. Construction
9.3.3. Cable and Wires
9.3.4. Sports & Sports Equipment
9.3.5. Consumer Goods
9.3.6. Medical
9.3.7. Electronics
9.3.8. Others
9.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Thermoplastic Elastomers Market – Opportunity Analysis Index, By Polymer Type, Polymer Sequence, Applications, and Country, 2022-2028
9.6. North America Thermoplastic Elastomers Market Dynamics – Trends
10. Europe Thermoplastic Elastomers Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. By Polymer Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Block Copolymers
10.1.1.1. TPE-A Co-Polyamides
10.1.1.2. TPE-C Co-Polyesthers
10.1.1.3. TPE-U Co-Polyurethens
10.1.1.4. TPE-S Styrene Block
10.1.2. Simple Polymer Blends
10.1.2.1. TPE-O Polyolefene Blend
10.1.2.2. TPE-Z Polymer Alloys
10.1.3. Reactive Polymer Blends
10.1.3.1. TPE-V Vulkanizates
10.1.3.2. TPE-H Hybrids
10.2. Polymer Sequence Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Multiblock Polymers
10.2.2. Tri-Block Polymers
10.3. Applications Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Automotive
10.3.2. Construction
10.3.3. Cable and Wires
10.3.4. Sports & Sports Equipment
10.3.5. Consumer Goods
10.3.6. Medical
10.3.7. Electronics
10.3.8. Others
10.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Thermoplastic Elastomers Market – Opportunity Analysis Index, By  Polymer Type, Polymer Sequence, Applications, and Country, 2022-2028
10.6. Europe Thermoplastic Elastomers Market Dynamics – Trends
11. Asia-Pacific Thermoplastic Elastomers Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. By Polymer Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Block Copolymers
11.1.1.1. TPE-A Co-Polyamides
11.1.1.2. TPE-C Co-Polyesthers
11.1.1.3. TPE-U Co-Polyurethens
11.1.1.4. TPE-S Styrene Block
11.1.2. Simple Polymer Blends
11.1.2.1. TPE-O Polyolefene Blend
11.1.2.2. TPE-Z Polymer Alloys
11.1.3. Reactive Polymer Blends
11.1.3.1. TPE-V Vulkanizates
11.1.3.2. TPE-H Hybrids
11.2. Polymer Sequence Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Multiblock Polymers
11.2.2. Tri-Block Polymers
11.3. Applications Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Automotive
11.3.2. Construction
11.3.3. Cable and Wires
11.3.4. Sports & Sports Equipment
11.3.5. Consumer Goods
11.3.6. Medical
11.3.7. Electronics
11.3.8. Others
11.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Thermoplastic Elastomers Market – Opportunity Analysis Index, By  Polymer Type, Polymer Sequence, Applications, and Country, 2022-2028
11.6. Asia-Pacific Thermoplastic Elastomers Market Dynamics – Trends
12. Latin America Thermoplastic Elastomers Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. By Polymer Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Block Copolymers
12.1.1.1. TPE-A Co-Polyamides
12.1.1.2. TPE-C Co-Polyesthers
12.1.1.3. TPE-U Co-Polyurethens
12.1.1.4. TPE-S Styrene Block
12.1.2. Simple Polymer Blends
12.1.2.1. TPE-O Polyolefene Blend
12.1.2.2. TPE-Z Polymer Alloys
12.1.3. Reactive Polymer Blends
12.1.3.1. TPE-V Vulkanizates
12.1.3.2. TPE-H Hybrids
12.2. Polymer Sequence Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Multiblock Polymers
12.2.2. Tri-Block Polymers
12.3. Applications Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Automotive
12.3.2. Construction
12.3.3. Cable and Wires
12.3.4. Sports & Sports Equipment
12.3.5. Consumer Goods
12.3.6. Medical
12.3.7. Electronics
12.3.8. Others
12.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Thermoplastic Elastomers Market – Opportunity Analysis Index, By Polymer Type, Polymer Sequence, Applications, and Country, 2022-2028
12.6. Latin America Thermoplastic Elastomers Market Dynamics – Trends
13. Middle East and Africa Thermoplastic Elastomers Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. By Polymer Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Block Copolymers
13.1.1.1. TPE-A Co-Polyamides
13.1.1.2. TPE-C Co-Polyesthers
13.1.1.3. TPE-U Co-Polyurethens
13.1.1.4. TPE-S Styrene Block
13.1.2. Simple Polymer Blends
13.1.2.1. TPE-O Polyolefene Blend
13.1.2.2. TPE-Z Polymer Alloys
13.1.3. Reactive Polymer Blends
13.1.3.1. TPE-V Vulkanizates
13.1.3.2. TPE-H Hybrids
13.2. Polymer Sequence Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Multiblock Polymers
13.2.2. Tri-Block Polymers
13.3. Applications Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Automotive
13.3.2. Construction
13.3.3. Cable and Wires
13.3.4. Sports & Sports Equipment
13.3.5. Consumer Goods
13.3.6. Medical
13.3.7. Electronics
13.3.8. Others
13.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Thermoplastic Elastomers Market – Opportunity Analysis Index, By Polymer Type, Polymer Sequence, Applications, and Country, 2022-2028
13.6. MEA Thermoplastic Elastomers Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Polymer Sequence& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Dow Chemical Co.
14.2.2. Kraton Polymers
14.2.3. Sinopec
14.2.4. LyondellBasell
14.2.5. Timco Rubber
14.2.6. Arkema
14.2.7. Huntsman International LLC
14.2.8. Covestro AG
14.2.9. Kraiburg TPE GmbH & Co
14.2.10. BASF SE
14.2.11. Dynasol
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • Dow Chemical Co
  • Kraton Polymers
  •  Sinopec
  •  LyondellBasell
  •  Timco Rubber
  •  Arkema
  • Huntsman International LLC
  •  Covestro AG
  •  Kraiburg TPE GmbH & Co
  • BASF SE
  •  Dynasol

Description

Thermoplastic Elastomers (TPE) Market size valued USD 2586.6 million in 2021 and expected to reach USD 38423.4 million by 2028, at a CAGR of 5.8% during the forecast period 2022 to 2028. 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.

 

Key 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.

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

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