Thermoplastic Elastomers (TPE) Market growth outlook with industry review and forecast 2019-2023

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Thermoplastic Elastomers (TPE) Market Growth
Outlook with Industry Review and Forecast
2019-2023
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Global Market Scenario of Thermoplastic
Elastomers (TPE) Industry

• 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 OEM? s 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.
• 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.

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• 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.
• 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.

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360 Industry Analysis

• 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.
•  

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• Competitive Analysis
• Key players in the Thermoplastic Elastomers
  Market include Kraton Polymers, Dow Chemicals,
  LyondellBasell, BASF, Bayer Material Science
  (Covestro), Nippon Polyurethane Industry, China
  Petroleum Chemical and Arkema S.A.

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