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Thermoplastic Elastomers Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-10-01   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 8128 |  Industry: Chemical & Material  |   Format : pdf word ppt excel



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The global thermoplastic elastomers market is predicted to obtain decent growth due to improving demand for bio-based thermoplastic elastomers, the emergence of new applications, and profit-making opportunities in the automobile industry. Demand for thermoplastic elastomers could increase in the coming years because of their ability to replace silicone tubing materials with the advantages of stability at higher temperatures, cost-effectiveness, and wider range of beneficial properties. Showing low concentration of players, it witnesses high distribution of manufacturers in different parts of the world. According to market observers, Kraton Polymers, a US developer and manufacturer of bio-based chemicals and specialty polymers, could be a larger player of the global thermoplastic elastomers market.

In August 2019, Kraton Polymers announced that it will showcase innovations including USBC and HSBC polymers at the China Adhesive 2019. In the next month, the company launched a new sustainability section on its official website.

Important Points to Remember

   Increasing growth of the automotive industry to encourage robust demand for thermoplastic elastomers

   Styrene-based thermoplastic elastomers to gain healthy growth in the global thermoplastic elastomers market

   Automobile to become a high-growth application segment of the global thermoplastic elastomers market

   Asia Pacific to gain tremendous growth in the global thermoplastic elastomers market

Need for Lightweight Materials for Automobiles to Help Increase Demand

The highly adaptable nature of thermoplastic elastomers is expected to increase its use in several applications. Besides footwear, building and construction, and automobile, food packaging and medical packaging are other lucrative end-use industries that thermoplastic elastomer manufacturers could benefit from in future. This could be due to increased adoption of thermoplastic elastomers because of their safe, environment-friendly, recyclable, and other advantageous properties. Growing requirement for lightweight materials in the automotive industry is anticipated to create strong demand for thermoplastic elastomers as they could be used as a replacement for wood and metal vehicle parts.

Companies to Introduce Innovative Technologies to Increase Market Growth

Kraton Polymers, Chi Mei, DowDuPont, CNPC, BASF SE, Dynasol, TSRC, LG Chem, PolyOne, Lee Chang Yung, Asahi Chemical, Sinopec, Versalis, Mitsubishi, Arkema SA, Sibur, Chevron Phillips, Kuraray, Kumho Petrochemical, JSR, and ExxonMobil are some of the popular players of the global thermoplastic elastomers market. In order to launch new technologies and products in the global thermoplastic elastomers market, companies are anticipated to invest in research and development and enter into merger and acquisition deals. They could focus on the expansion of their product portfolios with the help of new additions. Sustainability is one of the important goals that players are expected to look to achieve during the forecast period. In September 2019, Dow, a US multinational chemical corporation, partnered with UPM Biofuels for the production of plastics made using bio-based renewable feedstock.

By Product Type

   Styrene-based TPE (SBC)

   Polyether Ester TPE (TPEE)

   Thermoplastic Polyurethanes

   Thermoplastic Polyolefins

   Others

By Application

   Footwear

   Building and Construction

   Automobile

   Others

Among product type segments, styrene-based thermoplastic elastomers are expected to exhibit tremendous market growth during the forecast period. According to market experts, styrenic block copolymer is considered to be a cost-effective type of product sold in the global thermoplastic elastomers market. It could be used with fillers, oils, and other polymers in a mixture form. Followed by footwear, automobile is forecast to gain a remarkable share of the global thermoplastic elastomers market. Thermoplastic elastomers could be used for under-the-hood applications and exterior vehicle body parts such as rocker panels, wipers, and exterior filler panels in the automobile industry.

By Region

world_regions

Market researchers predict Asia Pacific to become a larger market for thermoplastic elastomers in the near future. This could be due to the significant growth of the footwear, building and construction, and automobile industries in the region. India and China could be at the forefront of the development of the regional thermoplastic elastomers market in Asia Pacific. Key countries in the region are witnessing substantial growth in automobile production and the adoption of technologies that promote fuel efficiency. Presence of the world’s leading automobile manufacturers in Asia Pacific could be another effective factor augmenting the demand for thermoplastic elastomers in the region.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

Request for Tables and Figures



  You must accept our privacy policies before submit your requirement




Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Thermoplastic Elastomers Market Report