Title: Thermoplastic elastomers market size is set to reach USD 20.65 billion by 2023: Global Market Insights, Inc.
1Thermoplastic 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.
3Continue.....
- 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
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5Product 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.
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ustry-analysis/thermoplastic-elastomers-tpe-market
6Competitive 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
7Regional 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.
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8 Latest Research Report _at_ https//www.gminsights.c
om/industry-analysis/thermoplastic-elastomers-tpe-
market Request sample pages of this report_at_
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472
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