Press release
Thermoplastic elastomers Market forecast on regional growth, industry players
Thermoplastic Elastomers Market was worth USD 12 billion in 2015, and is anticipated to hit a revenue of USD 20 billion by 2023, growing at a CAGR of 6% over 2016-2023.Increasing preference for low weight, sustainable, bio-based alternatives for conventional raw material will impel Thermoplastic Elastomers Market size. Subject to the efficient thermoplastic and elastomeric properties and myriad other physical and chemical benefits provided by these products, they are used extensively as alternatives for metals, regular & engineered plastics, wood, and natural or synthetic rubber across the automotive, medical, electronics, construction, footwear, and industrial sectors.
Request for sample pages of this report@
https://www.gminsights.com/request-sample/detail/472
In 2015, global thermoplastic elastomers market was consolidated, with major players accounting for more than 40% of the overall share. Companies such as Nippon Polyurethane Industry, BASF, China Petroleum & Chemicals, Kraton Polymers, Arkema S.A., Dow Chemicals, Covestro, LyondellBasell, and EMS Group are chief participants in thermoplastic elastomers industry. Firms have been focusing on investing in R&D and enhancing the product offering to sustain the market position.
Thermoplastic vulcanizates (TPV) products are used in the automotive sector for fluid handlings, bumpers, and other applications. Its high heat and oil resistance properties have also lead to its usage for engine components and car interiors, thereby propelling TPV industry, set to grow at a CAGR of 5.5% over 2016-2023.
The high demand for inexpensive, reliable, sustainable, and light weight SUV and MUV models coupled with consumer preferences toward comfort and aesthetics will propel thermoplastic elastomers industry from automotive sector.
In addition, strict government norms to reduce carbon emissions have forced automakers to use TPE products such as thermoplastic polyurethanes (TPU) as an alternative to metals, which will further impel thermoplastic elastomers market from automotive applications.
Browse Thermoplastic elastomers (TPE) Market report summary@
https://www.gminsights.com/industry-analysis/thermoplastic-elastomers-tpe-market-report
Recently, BASF has heavily diversified its product portfolio by developing multiple versions of TPEs to partner with HP for launching its new 3D Open Materials and Applications Lab. Similar efforts by other companies will boost thermoplastic elastomers market outlook.
Europe, driven by UK, France, and Germany thermoplastic elastomers market accounted for over 20% of the overall demand in 2015. Evolution as an alternative to ethylene propylene rubber (EPR) and ethylene propylene diene monomer (EPDM) in various industries has enhanced the regional demand. Aim to provide high fuel efficiency and low weight automobiles will enhance the regional industry growth.
APAC TPE market was valued over USD 4 billion in 2015. Rising number of automotive manufacturing plants due to large raw material and skilled labor availability, will drive the India and China thermoplastic elastomers market growth. China was one of the major contributors and accounted for over 60% of the regional demand in 2015.
Inquire About to purchase this research report@
www.gminsights.com/inquiry-before-buying/472
U.S. thermoplastic elastomers market was worth over 1 billion in 2015. Rising TPEs usage in paving & roofing, medical equipment, sports & leisure equipment and personal hygienic products will support the regional industry growth. Regulatory policies on specific polymers and disposal consumption will impact positively impact the industry size.
Construction and automotive industry expansion in Brazil, Cuba, Colombia and Peru along with easy petrochemical trading with Middle East countries will facilitate the thermoplastic elastomers market growth. Central & South America is set to witness 4.5% growth up to 2023.
Major industry players include Kraton Polymers, Dow Chemicals, LyondellBasell and BASF. The companies are focusing on the new product development, capacity expansions and mergers & acquisition. Shifting manufacturing based to China, Brazil, and India in order to increase economies of scale is among the key strategies.
About Global Market Insights, Inc.:
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.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
This release was published on openPR.
Permanent link to this press release:
Copy
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 Thermoplastic elastomers Market forecast on regional growth, industry players here
News-ID: 643292 • Views: …
More Releases from Global Market Insights, Inc
Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition.
Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small…
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to…
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a…
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This…
More Releases for TPE
Thermoplastic Elastomers (TPE) Market: Competitive Dynamics & Global Outlook 202 …
LP INFORMATION recently released a research report on the Thermoplastic Elastomers (TPE) market analysis, which studies the Thermoplastic Elastomers (TPE)'s industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global “Thermoplastic Elastomers (TPE) Market 2020-2025” Research Report categorizes the global Thermoplastic Elastomers (TPE) market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players…
Thermoplastic Elastomers (TPE) Compounds Market: Competitive Dynamics & Global O …
LP INFORMATION recently released a research report on the Thermoplastic Elastomers (TPE) Compounds market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global Thermoplastic Elastomers (TPE) Compounds market by key players, product type, applications and regions,etc.
The main objective of this market research is to help the readers understand the structure of Thermoplastic Elastomers (TPE) Compounds market,…
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…
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…
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,…
