Global Thermoplastic Elastomers market size is estimated to reach 6 million tons by 2023
Thermoplastic elastomers market size is set to reach USD 20.65 billion by 2023. Superior physical and chemical properties compared to thermosets in structural applications should positively influence TPE consumption in industrial applications.
TPE processing allows compounds to be reheated, reshaped or frozen repeatedly, eliminating waste and promoting recyclability. These diverse characteristics are promoting TPE to be utilized in numerous applications across several fields.
Request for a Sample of This Research Report@
SBC Market size dominated the demand and was valued at 6.22 billion in 2015. Medical equipment, packaging and consumer goods were the major applications. Recyclability and enhanced product benefits are few major driving features.
TPV market is set to attain highest gains, growing at 5.8% CAGR up to 2023. Growing demand from industries including automotive, consumer goods, and medical owing to rising sustainable products demand and increased consumer per capita income.
Automotive industry expansion accompanied by rising trend to reduce vehicle weight to attain high fuel efficiency are expected factors to positively influence TPE market size.
Government efforts to control GHG and carbon emission is persuading government to reduce dependency on PVC and imposing stringent regulations which may fuel TPE market size growth.
Inquire More About This Report@
High performance, soft feel, easy coloring, and aesthetic appeal are promising features to use TPE in electronic & electrical applications. They are also bad conductors of electricity and provide insulation against heat along with resistance to chemicals and UV, leading to rising applications in electrical connections while building residential or functional complexes. Mobile phone case covers and connectors are major products.
Packaging and covering electrical circuits in construction and infrastructure industries are other key applications. Growing flexible electronic components demand and global consumer electronics industry expansion should enhance industry growth.
Major raw materials including ionomers and styrenic copolymers are largely dependent on petrochemicals, volatility in petrochemical prices may affect thermoplastic elastomer market price trend.
Key insights from the report include:
Global TPE market size is estimated to reach 6 million tons by 2023, with estimated gains at 4.6% CAGR. Growing environmental consciousness accompanied by rise in middle class disposable income has led to end-use industry expansion, hence fuelling TPE demand.
APAC, led by Japan and China thermoplastic elastomers market size, was dominated the regional industry and generated USD 5 billion in 2015, favorable government policies and monetary framework encouraging private investments are expected factors influencing regional demand.
China TPU market size may observe 6.3% CAGR and register over USD 515 million by 2023. Automotive OEM’s preference to shift manufacturing base to China and India owing low capital investment, skilled labor, and economical raw material availability are potential reasons driving regional industry growth.
North America thermoplastic elastomers market size accounted for over 27% of the overall demand and is mainly driven by EPA regulations to promote eco friendly products and increasing consumption in vehicle manufacturing.
Request for Customization@
MEA, led by Saudi Arabia and UAE, may grow significantly, growing at 4.9% CAGR up to 2023. Increase in construction spending, rising electronic goods demand accompanied by raw material availability are potential factors to foster regional demand.
TPE market share is fairly consolidated, major industry players catered to around40% of the global demand in 2015. Dow, LyondellBasell, BASF, and Kraton Polymers are among notable industry participants.
Global Market Insights has segmented the thermoplastic elastomers industry on the basis of product and region:
Thermoplastic Elastomers Market Product Analysis (Kilo Tons and Revenue, USD Million, 2012 - 2023)
Copolymer Esters (COPE)
Thermoplastic Vulcanizates (TPV)
Thermoplastic Polyolefins (TPO)
Thermoplastic Polyurethanes (TPU)
Styrene Block Copolymer (SBC)
Styrene Butadiene Styrene (SBS)
Hydrogenated Styrene Block Copolymers (HSBC)
Styrene Isoprene Styrene (SIS)
Thermoplastic Elastomers Market Regional Analysis (Kilo Tons and Revenue, USD Million, 2012 - 2023)
Central & South America
Middle East & Africa
Read our insightful industry blogs:
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1 888-689-0688
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
29L Atlantic Avenue, Suite L 105
Ocean View, Delaware
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Thermoplastic Elastomers market size is estimated to reach 6 million tons by 2023 here
News-ID: 385109 • Views: 637
More Releases from Global Market Insights Inc.
Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug
More Releases for TPE
Polyether Ester TPE Market Size, Share, Development by 2024
New report published by Market Research Report Store (MRRS) which offers insights on the global Polyether Ester TPE market. Click to view the full report TOC, figure and tables: https://www.marketresearchreportstore.com/reports/242226/global-polyether-ester-tpe-market Global Polyether Ester TPE Market: Forecast by Type / Application / Region According to this study, over the next five years the Polyether Ester TPE market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million
Styrene-based TPE Market: Competitive Dynamics & Global Outlook 2024
New report published by Market Research Report Store (MRRS) which offers insights on the global Styrene-based TPE market. Click to view the full report TOC, figure and tables: https://www.marketresearchreportstore.com/reports/242225/global-styrene-based-tpe-market Global Styrene-based TPE Market: Forecast by Type / Application / Region According to this study, over the next five years the Styrene-based TPE market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from
Thermoplastic Elastomers (TPE) Market Segmentation by Product Types (Styrene-bas …
Thermoplastic Elastomers (TPE) Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers, and the current and future trends. Thermoplastic Elastomers are the class of polymers which consist of thermoplastics and elastomeric properties. Thermoplastic elastomers consist of several properties such as high flexibility, slip resistance, electric
Thermoplastic Elastomer Resin Market Report 2018: Segmentation by Type (Styrene- …
Global Thermoplastic Elastomer Resin market research report provides company profile for Asahi Chemical, Versalis, Mitsubishi, Sibur, Chevron Phillips, Kumho Petrochemical, Kraton Polymers, DOW Chemical, BASF SE, Dynasol, LG Chem, PolyOne and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the
Global TPE Yoga Mat Sales Market Report 2017
Qyresearchreports include new market research report Global TPE Yoga Mat Sales Market Report 2017 to its huge collection of research reports. The research report on the global TPE Yoga Mat market sheds light on the crucial aspects influencing the advancement of the market. Not only are the market opportunities revealed, but the inhibiting factors preventing the development of the market have also been discussed, following a comprehensive summary. With a view
Global Thermoplastic Elastomers (TPE) Consumption Market Research Report 2016
"The Report Global Thermoplastic Elastomers (TPE) Consumption Industry 2016 Market Research Report provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" The Global Thermoplastic Elastomers (TPE) Consumption 2016 Market Research Report is a professional and in-depth study on the current state of the Thermoplastic Elastomers (TPE) market. First, the report provides a basic overview of the Thermoplastic Elastomers (TPE) industry including definitions, classifications,