Thermoplastic elastomers market size is set to reach USD 20.65 billion by 2023: Global Market Insights, Inc. - PowerPoint PPT Presentation

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Thermoplastic elastomers market size is set to reach USD 20.65 billion by 2023: Global Market Insights, Inc.

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Thermoplastic elastomers market size is set to reach USD 20.65 billion by 2023. TPV market is set to attain highest gains, growing at 5.8% CAGR up to 2023. TPE market size. Thermoplastic Elastomers (TPE) Market size was over 4 million tons in 2015 and may observe gains at over 4.4% up to 2023. – PowerPoint PPT presentation

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Title: Thermoplastic elastomers market size is set to reach USD 20.65 billion by 2023: Global Market Insights, Inc.


1
Thermoplastic elastomers market size, share,
trends and forecast
2
Global Market Scenario of Thermoplastic
Elastomers Industry
  • Thermoplastic Elastomers (TPE) Market size was
    4.19 million tons in 2015 as per the latest
    research report by Global Market Insights, Inc.
    Increasing application scope in medical,
    automotive, and consumer goods industry owing to
    favorable regulatory compliance are potential
    stimulating factors to drive industry growth.
  • Thermoplastic elastomers market size is set to
    reach USD 20.65 billion by 2023. Superior
    physical and chemical properties compared to
    thermosets in structural applications should
    positively influence TPE consumption in
    industrial applications.
  • TPE processing allows compounds to be reheated,
    reshaped or frozen repeatedly, eliminating waste
    and promoting recyclability. These diverse
    characteristics are promoting TPE to be utilized
    in numerous applications across several fields.

3
Continue.....
  • Styrenic block copolymer market size dominated
    the demand and was valued at 6.22 billion in
    2015. Medical equipment, packaging and consumer
    goods were the major applications. Recyclability
    and enhanced product benefits are few major
    driving features.
  • TPV market is set to attain highest gains,
    growing at 5.8 CAGR up to 2023. Growing demand
    from industries including automotive, consumer
    goods, and medical owing to rising sustainable
    products demand and increased consumer per capita
    income.
  • Automotive industry expansion accompanied by
    rising trend to reduce vehicle weight to attain
    high fuel efficiency are expected factors to
    positively influence TPE market size.
  • Government efforts to control GHG and carbon
    emission is persuading government to reduce
    dependency on PVC and imposing stringent
    regulations which may fuel TPE market size
    growth.
  • Request for sample pages_at_ https//www.gminsights.c
    om/request-sample/detail/472

4
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5
Product Analysis
  • (SBC) Styrenic block copolymer market size was
    dominant and generated over USD 6 billion in
    revenue in 2015. Key applications, footwear,
    advanced materials and paving roofing together
    accounts for over 65 of its global volume in
    2015.
  • Technology development and strong growth
    prospects for hydrogenated SBC will assist
    industry growth evolution. Hydrogenated SBC has
    become increasingly prominent, especially for
    CASE applications, as these offer superior
    performance metrics.
  • Thermoplastic polyurethanes (TPU) market size was
    over 500 kilo tons in 2015 and may grow
    significantly up to 2023. TPU is extensively used
    in hose tubing automotive, wire cables and
    construction. TPU superior properties compared to
    with thermoset PU assist towards contributing for
    strong scope in aforementioned applications.
  • Thermoplastic Vulcanizates (TPV) market may
    witness highest gains at over 5.5 CAGR
    throughout the forecast timeframe. TPV is
    extensively used in fluid handling, bumpers and
    other automotive applications along with the
    consumables sector.TPV consumption growth in
    automobile applications, such interiors and under
    the hood components, due to oil and high heat
    resistance should stimulate thermoplastic
    elastomers market size.

Browse this report_at_ https//www.gminsights.com/ind
ustry-analysis/thermoplastic-elastomers-tpe-market

6
Competitive Analysis
  • Global thermoplastic elastomers market share is
    moderately consolidated with top industry
    participants catering to over 40 of the overall
    demand in 2015. Notable participants include
    Dow., Kraton Polymers, BASF and LyondellBasell.
    Major companies are shifting their manufacturing
    capabilities to high growth potential markets
    such as China, India, Brazil, and Southeast Asia.
  • Favorable manufacturing conditions and incentives
    provided by the regional governments to promote
    manufacturing sector should promote
    thermoplastics market growth. Other prominent
    companies include Lubrizol, Arkema, PolyOne Corp,
    TSRC Corp, LG Chemicals, Evonik and Huntsman.

Browse this report_at_ https//www.gminsights.com/ind
ustry-analysis/thermoplastic-elastomers-tpe-market

7
Regional Analysis
  • APAC, led by India China thermoplastic
    elastomers market size, dominated regional
    industry demand and generated close to USD 5
    billion in revenue in 2015. The regional market
    characterizes promising industrial growth as
    result of initiatives taken by regional
    government for promoting monetary framework to
    encourage private sector investments to develop
    manufacturing industry.
  • Automotive OEMs prefer to set production bases in
    China and India owing as the industries may
    benefit owing to skilled labor and inexpensive
    raw material availability.
  • Europe has regulatory policies over polymer usage
    in vehicle applications. Also, Europe automotive
    OEMs are promoting thermoplastic elastomers as
    metal substitutes for providing vehicles with
    better fuel efficiency along with efforts to
    reduce overall vehicle weight.
  • Central South America, led by Brazil and MEA,
    dominated by Saudi Arabia, UAE Qatar may
    witness may grow significantly over the next
    several years. Increasing automotive production
    in Brazil and infrastructure development in Peru,
    Colombia, Cuba and Uruguay may drive Central
    South America thermoplastic elastomers market.


https//www.gminsights.com/request-sample/detail/4
72
8

Latest Research Report _at_ https//www.gminsights.c
om/industry-analysis/thermoplastic-elastomers-tpe-
market Request sample pages of this report_at_
https//www.gminsights.com/request-sample/detail/
472
9
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www.gminsights.com
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