Thermoplastic elastomers market growing at CAGR over 6% up to 2023 - PowerPoint PPT Presentation

About This Presentation

Thermoplastic elastomers market growing at CAGR over 6% up to 2023


Thermoplastic elastomers market in the automotive industry will witness significant growth in the forecast period. – PowerPoint PPT presentation

Number of Views:50


Transcript and Presenter's Notes

Title: Thermoplastic elastomers market growing at CAGR over 6% up to 2023

TPE Market To Exceed USD 20 billion by 2023
Global Market Scenario of Thermoplastic
Elastomers Industry
  • (TPE) Thermoplastic Elastomers Market size is
    estimated to be worth over USD 20 billion by
    2023 according to a new research report by
    Global Market Insights, Inc.
  • Superior elastomeric and thermoplastic properties
    for structural applications will drive the
    thermoplastic elastomers market growth. Emergence
    as an alternative for metal, rubber, glass or
    conventional engineered plastics has enhanced the
    industry growth. Strong application scope in
    medical and automotive due to favorable
    regulatory compliance are stimulating factors
    fueling product demand. Rising consumer awareness
    associated with safety and protection in
    electrical, electronic and other applications
    will support the thermoplastic elastomers market
  • Styrenic block copolymer (SBC) was among the key
    contributors, and generated over USD 6 billion
    revenue in 2015. Consumer goods, medical
    equipment and packaging were major applications.
    Superior performance properties along with
    technological advancement in hydrogenated SBC are
    the major driving factors.

  • TPV market will register growth above 5 up to
    2023. High heat resistance properties coupled
    with growing demand for sustainable products has
    enhanced TPV consumption. TPU market size
    generated over USD 1.5 billion in 2015. High
    thermal insulation properties have influenced its
    uses in wires cables and tires. Construction
    and automobile industry expansion will enhance
    industry growth in this segment.
  • Rising demand for high fuel efficiency and low
    weight cars are key automotive industry trends
    encouraging thermoplastic elastomers market
    growth. Stringent government regulations against
    carbon emissions greenhouse gases and PVC usage
    are other key encouraging factors.
  • Thermoplastic elastomers being alternative to
    thermosets have substituted medical stoppers,
    lids and gaskets due to its high insulation and
    molding properties. High adaptability to
    modification, recyclability and waste reduction
    are the notable features supporting electronics
    application scope.

Latest Research Report On Thermoplastic
Elastomers Market_at_ https//

Request Sample Copy PDF_at_ https//www.gminsights.c
360 Industry Analysis
Request for customization https//www.gminsights.
  • Product Analysis-
  • Styrenic block copolymer (SBC) market revenue was
    valued over USD 6 billion in 2015. High tensile
    strength along with elastomeric properties makes
    the product highly demanding.
  • Thermoplastic polyurethanes (TPU) market size
    will witness a growth over 5 during the forecast
    period. The product is widely used for wire
    cables in construction and for tubing in
    automotive industry.
  • Copolyester elastomers (COPE) market size will
    generate more than 1 billion valuation by 2024,
    Electronics and electrical was the key revenue
    generating application.
  • High oil and heat resistance properties has also
    encouraged TPV uses vehicle interior and engine
    components. The product will witness over 5.5
    growth up to 2024.

Regional Analysis APAC thermoplastic elastomers
market revenue was over USD 4 billion in 2015.
Regulatory support and innovations in automotive
and medical applications in the emerging
economies will drive the regional demand in
coming years. China thermoplastic polyurethanes
market size will surpass USD 500 million
valuation with over 6 CAGR. Shifting automotive
OEMs preference for manufacturing bases in China
and India due to large raw material and skilled
labor availability, has made the region more
lucrative. North America thermoplastic
elastomers market catered for over 25 of the
global demand in 2015. EPA regulations to promote
eco-friendly products coupled with rising product
uses in medical equipment, sports leisure
equipment, automotive and construction industry
are driving factors for the industry trends. MEA,
driven by UAE and Saudi Arabia will witness gains
over 4.5 up to 2023. Large crude oil reserves,
growing demand for electronic goods and increased
household spending are the factors to fuel the
regional demand. Competitive Analysis Global
thermoplastic elastomers market share is
moderately consolidated, with the major industry
participants accounting for around 40 of the
overall demand in 2015. Kraton Polymers, Dow
Chemicals, LyondellBasell and BASF are the major
industry players. Bayer MaterialScience
(Covestro), Nippon Polyurethane Industry, China
Petroleum Chemical and Arkema S.A. are some of
the other industry participants.

Latest Research Report On Thermoplastic
Elastomers Market_at_ https//
report Download Latest Report Sample PDF _at_
472 Request for customization https//www.g
Stay In Touch You can visit us at
Thank You!
Write a Comment
User Comments (0)