Title: Global Thermoplastic Elastomers Market Outlook to 2024
1Thermoplastic Elastomers Market Global Industry
Trends and Forecast to 2024
Global Thermoplastic Elastomers Market, By
Product Type (Styrenic Block Copolymers (TPE-S),
Thermoplastic Olefins (TPE-O), Elastomeric Alloys
(TPE-V or TPV), Thermoplastic Polyurethanes
(TPU), Thermoplastic Copolyester, Thermoplastic
Polyamides) Application (Automotive, Building
Construction, Electrical Electronics, Household
Appliances, Medical, Adhesives, Sealants
Coatings, Others) Industry Trends and Forecast
to 2024 Global Thermoplastic Elastomers Market
is expected to reach 7,505.08 tonnes by 2024 from
5,100.00 tonnes in 2016, at a CAGR of 5.1 in the
forecast period 2017 to 2024.
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2Report Factors
The major factors driving the growth of this
market are the thermoplastic elastomers
substituting thermosets, increasing application
from the HVAC/automotive industry and growth in
end-use industries are furthermore boosting the
growth of the global thermoplastic elastomers
market. On the other hand, unstable raw material
prices may hinder the growth of the market.
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3Market Segmentation
The global thermoplastic elastomers market is
segmented on the basis of product type,
application and geography. The global
thermoplastic elastomers market report is
segmented based on product type into eight
notable segments styrenic block copolymer (SBC),
thermoplastic polyurethane (TPU), thermoplastic
polyolefins (TPO), thermoplastic vulcanizates
(TPV), copolyester ether elastomers (COPE),
polyether block amide elastomers (PEBA),
polyether-ester elastomer (TPEE) and others. On
the basis of application, into eight notable
segments automotive building construction,
footwear, adhesives, sealants coatings, wires
cables, medical, advanced materials and others.
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4Key Drivers
- Some of the major factors driving the market for
thermoplastic elastomers market are thermoplastic
elastomers substituting thermosets, increasing
application from the HVAC/automotive industry and
growth in end-use industries. - Unstable raw material prices are the factor which
may hinder the growth of this market. - Increasing applications in the medical industry
and growing demand for bio-based thermoplastic
elastomers will drive the market in future.
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5Key Points
- BASF SE is going to dominate the thermoplastic
elastomers market following with The Dow Chemical
Company and LyondellBasell Industries along with
others such as Arkema Sa, Evonik Industries AG,
Covestro AG, China Petrochemical Corporation,
Huntsman International Llc., Tosoh Corporation,
Kraton Corporation, Exxon Mobil Corporation,
TSRC, Polyone, LCY Group, Celanese Corporation,
LG Chem, Asahi Kasei Corporation, Teknor Apex,
The Lubrizol Corporation among others. - Medical market is growing with the highest CAGR
- Styrene-butadiene-styrene (SBS) are driving the
market with highest market share - Styrenic block copolymer is dominating the
thermoplastic elastomers market
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