Thermoplastic Elastomers (TPE) Market Size, Shares, Growth, Survey and Forecast 2015-2019

Albany, NY, Oct 27: Technavios market research analyst predicts the TPE market to witness a steady growth at a CAGR of around 8%, in terms of revenue, during the forecast period. The increased use of TPE products as a replacement for traditional materials in the automotive industry is driving the market growth. TPE, in comparison to natural rubber and EPDM, provides the manufacturer with increased design flexibility and reduced cost and enhanced long-term weather-resistance advantages. It also helps the manufacturers in reducing the overall weight of the vehicle and addressing the demand for lighter vehicles with increased fuel efficiency.

The growth of the construction sector in China is also anticipated to fuel the market growth during the forecast period. TPE is used for paving and roofing applications and in adhesives and sealants within the construction sector. The entry of major construction players from the EU in the Chinese market has further fueled the growth of this industry, thereby creating a demand for TPE products.

The transportation industry accounted for the around 35% of the consumption in the TPE market during 2014. The rising use of various TPE products as a replacement for traditional rubber and EPDM in the automotive segment is driving the growth of this segment.

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The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Transportation
- Construction and infrastructure
- Consumer electronics and appliances
- Healthcare
- Packaging
- Footwear

Styrenics accounted for nearly 38% of the overall market during 2014. The increased infrastructural developments in the emerging economies and the growing demand for styrenic from China is driving the growth of this segment.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Styrenics
- Polyolefin blends and alloys
- Polyurethanes
- Copolyesters
- Polyamides

Geographical segmentation and analysis of the TPE market
- Americas
- APAC
- Europe
- ROW

APAC accounted for around 42% of the global market share during 2014 and is expected to grow at a CAGR of 6% during the forecast period. The increased consumption by the automotive industry in the emerging economies, especially India, is driving the market growth in this region.

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Key questions answered in this report:-

- What will the market size and the growth rate be in 2019?
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- What are the trending factors influencing the market shares of APAC, North America, and Europe?
- What are the key outcomes of the five forces analysis of the global wafer inspection equipment market?

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