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Thermoplastic Elastomers Market is estimated to Expand at a USD 25.5 billion, at a CAGR 6.94%, Potential Growth, Trends, Top Key Players and Forecast to 2028
Thermoplastic Elastomers Market Overview:Polymers with rubbery properties are known as thermoplastic elastomers. The rubbery property is due to one of the copolymer's components. Styrene block copolymers, thermoplastic olefin, elastomeric alloy, thermoplastic polyurethane, thermoplastic co-polyester, and thermoplastic polyamide are all examples of thermoplastic elastomers.
The global Thermoplastic Elastomers market size is estimated to be USD 16.00 billion in 2019 and is projected to reach USD 25.5 billion by 2028, at a CAGR 6.94% during the forecast period 2022-2028.
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Thermoplastic Elastomers Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Arkema S.A, Asahi Kasei Corporation, BASF SE, The Dow Chemical Company, Covestro AG, Huntsman Corporation, Teknor Apex Company, Lubrizol Corporation, Tosh Corporation, Kraton Corporation. and Others
Recent Development
In January 2020, Arkema SA acquired LIP Bygningsartikler AS (Denmark), the Danish leader in tile adhesives, waterproofing systems, and floor preparation solutions. The acquisition will strengthen Arkema's strategy to continuously grow its adhesives business.
In March 2020, Asahi Kasei Corporation acquired Veloxis Pharmaceuticals Inc. (US). This acquisition will strengthen the presence of the company in the pharmaceutical sector.
In January 2020, BASF acquired the global, non-European PA6.6 business from Solvay (Belgium) including its 50% share in Butachimie's adipodinitrile (ADN) production. The price of the acquisition was USD 1.53 billion. The acquisition will broaden BASF's polyamide capabilities with innovative and well-known products such as Technyl.
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Thermoplastic Elastomers Market Segmentation:
Global Market by Type, 2019-2028, (In USD Million)
Styrene Block Copolymer (Sbc)
Thermoplastic Polyurethane (Tpu)
Thermoplastic Polyolefin (Tpo)
Thermoplastic Vulcanizate (Tpv)
Polyester Ether Elastomer (Cope)
Polyether Block Amide (Peba)
Global Market by End-Use Industry, 2019-2028, (In USD Million)
Automotive
Building & Construction
Footwear
Wire & Cable
Medical
Engineering
Others
Growth Factors:
Increasing demand from the Thermoplastic Elastomers industries
The growing use of Thermoplastic Elastomers in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Thermoplastic Elastomers Market
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Thermoplastic Elastomers Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2028, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Thermoplastic Elastomers Market Trends
- The report identifies, determines, and forecasts the Global Thermoplastic Elastomers Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Thermoplastic Elastomers Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Thermoplastic Elastomers Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Thermoplastic Elastomers Market.
Frequently Asked Questions
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