Thermoplastic Elastomers (TPE) Market | By Product | Thermoplastic Polyolefins , Copolymer Esters , Styrene Block Copolymer , Styrene Isoprene Styrene , Styrene Butadiene Styrene , Hydrogenated Styrene Block Copolymers , Thermoplastic Vulcanizates , Therm
The Thermoplastic Elastomers (TPE) Market was worth USD 19.02 billion in the year of 2014 and is expected to reach approximately USD 30.30 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.31% during the forecast period. Expanding usage crosswise over different applications, for example, construction, footwear, consumer goods, and electronics has been assisting in the worldwide market development in the course of couple of years.
Thermoplastic Elastomers (TPE) Market - Competitive Insights:
Some of the leading players in this market are Kraton, LyondellBasell, Sinopec and Dow Chemical Company. Leading organizations are moving their production capacities to high development potential markets, for example, Southeast Asia, China, India, and Brazil. The shift in manufacturing can be credited to high TPE requirement in previously mentioned districts combined with positive production conditions, for example, simple raw material obtainment and low operational and labor expenses. Major manufacturers, for example, Zeon and Muller Kunststoffe have begun expansion of capacities in Japan and China individually. The existence of a large number of small scale domestic producers in these areas is anticipated to fortify rivalry among organizations. Mitsubishi is currently putting resources into R&D to enhance production forms by wiping out harmful ingredients (phosgene) and creating plant-based bio-based thermoplastic elastomers.
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Thermoplastic Elastomers (TPE) Market - Industry Outlook and Trend Analysis:
Expanding requirement in the manufacturing of automotive components is anticipated to be a main consideration driving the worldwide business development over the estimate time frame. Administrative intervention by environmental agencies focused on reduction of carbon emanation through an expansion in fuel productivity has constrained major automotive OEMs to consolidate plastics as an alternative to metals and composites in automotive parts. Expanding consumer inclination for superior and lightweight passenger cars has been driving plastics advancement in the manufacturing of automotive. These aspects have prompted expanded thermoplastics usage in the previously mentioned application. Thermoplastic elastomers provide better chemical and physical properties in comparison to thermoset plastics, hence picking up inclination on the basis of application. High substitution rate of TPU and TPO as an option to ethylene propylene diene monomer (EPDM) in construction materials is foreseen to supplement the demand of worldwide industry over the conjecture time frame. TPEs are eco-friendly and extraordinary thermoplastics that are recyclable as well as be re-formed and re-molded, hence disposing of wastage broadly. These offer different benefits regarding physical qualities and attributes, for example, providing soft-touch to materials, oxidation, UV, and resistance to chemicals.
The global Thermoplastic Elastomers Market is segmented as follows-
Thermoplastic Elastomers (TPE) Market - By Product:
Thermoplastic Polyolefins (TPO)
Copolymer Esters (COPE)
Styrene Block Copolymer (SBC)
Styrene Isoprene Styrene (SIS)
Styrene Butadiene Styrene (SBS)
Hydrogenated Styrene Block Copolymers (HSBC)
Thermoplastic Vulcanizates (TPV)
Thermoplastic Polyurethanes (TPU)
Thermoplastic Elastomers (TPE) Market - Product Outlook and Trend Analysis:
Essential items investigated for worldwide TPE market incorporates TPV, TPO, SBC, TPU, and COPES for example, melt processable rubber and thermoplastic polyamides. Also, every item has been sectioned on the basis of their particular applications. In 2014 SBC was the biggest expended product with its request evaluated at 1,889.2 kilo tons. In 2014 SBS is a noteworthy SBC item devoured which represented more than 70 percent of the item volume. Expanding requirement for SIS especially in India and China is anticipated to drive the product section development throughout the following years. Expanding usage in automotive in the fascia systems and hood applications is foreseen to be a main consideration driving the worldwide TPV consumption. TPU is gaining popularity in construction applications attributable to its acoustic and thermal insulation elements. Developing significance of energy proficiency in buildings and resulting administrative approaches focused at zero energy buildings are anticipated to boost TPU requirement in the construction sector throughout the following years.
Thermoplastic Elastomers (TPE) Market - By Region:
North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Thermoplastic Elastomers (TPE) Market - Regional Outlook and Trend Analysis:
In 2014 Asia Pacific thermoplastic elastomers market rose as the biggest consumer and represented more than 40 percent of the total volume. In 2014 Japan, China, and India are significant purchasers in APAC and represented more than 85 percent of the regional volume. High automotive and construction industry development in India and China alongside expanding production of electronic and footwear merchandise in Southeast Asia is foreseen to boost the TPE demand in APAC over the estimate time frame. North America is defined by significant R&D by domestic organizations focused at product development and expanded scope of application. Organized administrative policies relating to application particular plastic disposal and usage is anticipated to significantly affect the regional market development. Expanding car creation in Mexico and United States alongside consumer and construction industries development in Mexico is foreseen to drive North America TPE requirement over the estimate time frame.
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Thermoplastic Elastomers (TPE) Market - Table of Contents:
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.2. Market Dynamics
6. Company Profiles
6.1. Advanced Elastomer Systems L.P.
6.1.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.2.4.Thermoplastic Elastomers (TPE)Sales, Revenue and Market Share
6.3.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.4. Bayer Material Science
6.4.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.5. China Petroleum & Chemical Corporation
6.5.4.Thermoplastic Elastomers (TPE)Sales, Revenue and Market Share
6.6. Dynasol Elastomers LLC
6.6.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.7. EMS group
6.7.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.8. Evonik Industries
6.8.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.9. Huntsman Corporation
6.9.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.10.Kraton Polymers LLC
6.10.4.Thermoplastic Elastomers (TPE)Sales, Revenue and Market Share
6.11.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
7. Global Thermoplastic Elastomers (TPE) Market Competition, by Manufacturer
7.1. Global Thermoplastic Elastomers (TPE) Sales and Market Share by Manufacturer (2016-2017)
7.2. Global Thermoplastic Elastomers (TPE) Revenue and Market Share by Manufacturer (2016-2017)
7.3. Top 5 Thermoplastic Elastomers (TPE) Manufacturer Market Share
7.4. Market Competition Trend
FEATURES OF THE REPORT:
1. The analysis of Thermoplastic Elastomers (TPE) market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.
2. The key players in the market and their share in the global market are discussed.
3. The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.
4. The Thermoplastic Elastomers (TPE) market report provides some important points related to growth factors, challenges, opportunities, end-user analysis, achievement and so on.
5. The latest trends that are being followed in the market are included along with an example.
6. How technological advancement and research, as well as development activities, are impacting the market is explained in detail.
7. The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.
Browse complete report: https://www.crystalmarketresearch.com/report/thermoplastic-elastomers-tpe-market .
As the report further, it explains developing plans and policies, making processes, cost structures of Thermoplastic Elastomers (TPE) market as well as the leading players. It also concentrates on the aspects like company profile, product images, supply chain relationship, import/export details of Thermoplastic Elastomers (TPE) market, market statistics of Thermoplastic Elastomers (TPE) market, upcoming development plans, market gains, contact details, consumption ratio. Ultimately, the report includes an in-depth analysis of sub-segments, market dynamics, feasibility study, key strategies used by leading players, market share study and growth prospects of the industry. The report also evaluates the growth established by the market during the forecast period and research conclusions are offered.
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