Thermoplastic Elastomers Market - Forecast (2022 - 2027)

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Thermoplastic Elastomers Market Forecast (2022
- 2027)
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• Thermoplastic Elastomers market size is
  forecasted to reach US38.2 billion by 2027,
  after growing at a CAGR of 5.6 during the
  forecast period 2022-2027. 
• Thermoplastic elastomers are made up of plastic
  and elastomer ingredients that have both
  thermoplastic, thermosets, and elastomeric
  qualities.

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• Key Takeaways
• Thermoplastic polyolefins (TPOs), which are
  predominantly utilized in the automobile
  industry, are the next most common type of block
  copolymer after styrene block copolymers. Because
  it's widely employed in applications like seals
  and hoses, thermoplastic vulcanizates (TPVs) are
  predicted to increase at a faster rate.
• The depletion of basic commodities such as fossil
  fuel supplies, as well as shifting crude oil
  prices are Projected to function as a stumbling
  block to market expansion. Thereby unlatching
  various challenges for the thermoplastic
  elastomer market.

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By Distribution Channel- Segment Analysis The
styrenic block copolymers segment held a
significant share in the thermoplastic elastomers
market in 2021 and is forecasted to grow at a
CAGR of 5.2 during the forecast period
2022-2027. SBC is a type of thermoplastic
elastomer that acts like rubber but processes
like plastic. The physical crosslinks in the
block copolymer structure, which are reversible
when heated or dissolved, are principally
responsible for this. Due to rising consumer
demand from various industries such as
automotive, construction, medical, footwear,
electrical electronics, and others, the
Styrenic block copolymers segment dominated the
market. 
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• Thermoplastic Elastomers Market Industry Outlook 
• Arkema S.A
• Asahi Kasei Corporation
• BASF SE
• The Dow Chemical Company
• Covestro AG
• Huntsman Corporation
• Teknor Apex Company
• Lubrizol Corporation
• Celanese Corporation
• Kraton Corporation

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Thermoplastic Elastomers Market - Forecast
(2022-2027) Learn More About the Report _at_
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• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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