Thermoplastic Elastomers (TPE) Market future trends to 2024 key players Kraton Polymers, Dow Chemicals, LyondellBasell and BASF.

Superior elastomeric and thermoplastic properties for structural applications will drive the thermoplastic elastomers market growth. Emergence as an alternative for metal, rubber, glass or conventional engineered plastics has enhanced the industry growth. Strong application scope in medical and automotive due to favorable regulatory compliance are stimulating factors fueling product demand. Rising consumer awareness associated with safety and protection in electrical, electronic and other applications will support the thermoplastic elastomers market growth.

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(TPE) Thermoplastic Elastomers Market size is estimated to be worth over USD 20 billion by 2023; according to a new research report by Global Market Insights, Inc. Styrenic block copolymer (SBC) was among the key contributors, and generated over USD 6 billion revenue in 2015. Consumer goods, medical equipment and packaging were major applications. Superior performance properties along with technological advancement in hydrogenated SBC are the major driving factors.

TPV market will register growth above 5% up to 2023. High heat resistance properties coupled with growing demand for sustainable products has enhanced TPV consumption. TPU market size generated over USD 1.5 billion in 2015. High thermal insulation properties have influenced its uses in wires & cables and tires. Construction and automobile industry expansion will enhance industry growth in this segment.

Rising demand for high fuel efficiency and low weight cars are key automotive industry trends encouraging thermoplastic elastomers market growth. Stringent government regulations against carbon emissions & greenhouse gases and PVC usage are other key encouraging factors.

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Thermoplastic elastomers being alternative to thermosets have substituted medical stoppers, lids and gaskets due to its high insulation and molding properties. High adaptability to modification, recyclability and waste reduction are the notable features supporting electronics application scope.

North America thermoplastic elastomers market catered for over 25% of the global demand in 2015. EPA regulations to promote eco-friendly products coupled with rising product uses in medical equipment, sports & leisure equipment, automotive and construction industry are driving factors for the industry trends. MEA, driven by UAE and Saudi Arabia will witness gains over 4.5% up to 2023. Large crude oil reserves, growing demand for electronic goods and increased household spending are the factors to fuel the regional demand.

Global thermoplastic elastomers market share is moderately consolidated, with the major industry participants accounting for around 40% of the overall demand in 2015. Kraton Polymers, Dow Chemicals, LyondellBasell and BASF are the major industry players. Bayer MaterialScience (Covestro), Nippon Polyurethane Industry, China Petroleum & Chemical and Arkema S.A. are some of the other industry participants.

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Partial Chapter of the Table of Content:

Chapter 3 Thermoplastic Elastomers Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2012 - 2023
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Regulatory landscap
3.5 Technological landscape
3.6 Industry Impact forces
3.6.1 Growth drivers
3.6.1.1 End-use industries growth
3.6.1.2 Alternative to thermosets
3.6.2 Industry pitfalls & challenges
3.6.2.1 Fluctuation in raw material prices
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Development of bio-based thermoplastic elastomers market
3.10 Company market share analysis, 2015
3.11 PESTEL analysis

Chapter 4 Thermoplastic Elastomers Product Insights

4.1 Global thermoplastic elastomers market share by product, 2015 & 2023
4.2 Styrenic block copolymers (SBC)
4.2.1 Market estimates & forecast, 2012 - 2023
4.2.3.1 Styrene-butadiene-styrene (SBS)
4.2.3.2 Styrene-isoprene-styrene (SIS)
4.2.3.3 Hydrogenated styrene block copolymers (HSBC)
4.2.4.1 Automotive
4.2.4.2 Paving & Roofing
4.2.4.3 Footwear
4.2.4.4 Advanced materials
4.2.4.5 Adhesives, sealants & coating
4.2.4.6 Others
4.3 Thermoplastic polyurethane (TPU)
4.3.3.1 Automotive
4.3.3.2 Construction
4.3.3.3 Electronics & appliances
4.3.3.4 Hose & tubing
4.3.3.5 Footwear
4.3.3.6 Wire & cable
4.4 Copolyester elastomers (COPE)
4.4.3.1 Automotive
4.4.3.2 Electrical & electronics
4.4.3.3 Industrial
4.4.3.4 Medical
4.4.3.5 Other applications
4.5 Thermoplastic polyolefins (TPO)
4.5.3.1 Automotive
4.5.3.2 Industrial/construction
4.6.3.1 Automotive
4.6.3.2 Fluid handling
4.6.3.3 Consumer goods
4.6.3.4 Medica
4.7 Other thermoplastic elastomers

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