Thermoplastic Elastomers Market Research Foreseen to Grow Exponentially by 2026

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Thermoplastic Elastomers Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2020

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• Thermoplastic Elastomers Market - Snapshot

• Thermoplastic elastomers are materials that
  possess properties of both elastomers and
  plastics. All thermoplastic elastomer materials
  are based on a hard thermoplastic and a soft
  elastomer.
• Thermoplastic elastomers are eco-friendly in
  nature. They are easy to recycle. The unique
  combination of properties of vulcanized rubber
  and easy processability of thermoplastic makes
  thermoplastic elastomers suitable to be used in a
  wide range of applications in end-user industries
  such as automotive, building construction,
  medical, consumer goods, and others.
• Thermoplastic elastomers have excellent physical
  properties such as high dimensional stability,
  chemical inertness, good vapor and gas
  transmission properties, and flexibility.

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Asia Pacific to Gain Prominence Due to High
Demand from End Use Industries

• Considering the segmentation based on regions,
  the global thermoplastic elastomers market is
  split into the key regions of Asia Pacific,
  Middle East and Africa, Europe, Latin America,
  and North America.
• These regional classifications are likely to
  provide a glimpse of the local market at a micro
  level.
• Asia Pacific is estimated to be one of the
  leading regions in the global thermoplastic
  elastomers market over the assessment tenure.
• High demands from various end use industries
  like footwear industries, building and
  construction, and automotive is likely to
  encourage growth of the global thermoplastic
  elastomers market.
• India and China are two significant regions for
  the Asia Pacific thermoplastic elastomers market
  that contribute substantially for the growth of
  the market in forthcoming years.

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Increased Demand for Automotive Industry to
Propel Growth of the Market

• The global thermoplastic elastomers market is
  estimated to ride high on the ability of the
  product to be customized as per the specific
  needs of each medical application.
• Medical devices are often exposed to a wide range
  of fluids and liquids that lessen effectiveness
  of this type of devices. In an effort to avert
  this, manufacturers of medical equipment opt for
  use of thermoplastic elastomer materials over
  other materials such as phthalate, PVC, and
  latex-based materials.
• Thermoplastic elastomers are highly resistant to
  various chemicals, which escalates their
  increased uptake. 

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Key players operating in the global thermoplastic
elastomers market

• Exxon Mobil Corporation
• Covestro
• Huntsman Corporation
• BASF SE
• E.I. du Pont de Nemours and Company
• Celenese Corporation
• PolyOne Corporation

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