Million Insights
Market Research Released A New Research Report On Global Thermoplastic Elastomers
Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share
Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The
Market, Comprehensively Analyzing Their Core Competencies, And Drawing A
Competitive Landscape For The Market.
Pune, India: Oct. 30,
2019 - Thermoplastic Elastomers Market was
estimated at 3.82 million tons. The rising replacement of ethylene propylene
diene monomer (EPDM) by TPE in construction equipment is likely to fuel the
product market. The superior chemical and physical properties of the product as
opposed to thermoset plastics are expected to widen the application scope,
thereby aiding market demand.
The growing application of TPE in electronics, consumer
goods, construction, and footwear is expected to have a positive impact on the
product demand. The rising demand for TPE in the automotive industry owing to
the changes in consumer preferences regarding lightweight and high performance
passenger cars has been instrumental in driving the market growth.
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Asia Pacific contributed to over 40% of the global product
consumption in 2014. The industrial growth in this region is on account of
favorable government norms coupled with monetary policies regarding private
investments. The major contributors to TPE consumption India and China are
estimated to grow exponentially at around 66% during the analysis period.
North America accounts for over 35% of the TPO product
consumption market. The rising demand for the product in the construction &
industrial sector is likely to propel market growth. The industrial growth in
the region is based on increased application scope coupled with high R&D
activities by local companies. The increased production in the automotive
sector in Mexico and US coupled with the growth of consumer & construction
industries is likely to have a positive impact on the TPE demand during the
analysis period.
Competitive Insights
The global TPE market is highly fragmented with the major
four companies contributing to over 45% of the market share. These major
companies include Lyondell Basell, Sinopec, Kraton Polymers, and Dow Chemical
Company. The other key players include Kraton, Evonik, Dynasol Elastomers,
Bayer Material Science, and Arkema.
The key companies are changing their production to the
emerging markets in India, China, Southeast Asia, and Brazil. This production
shift can be characterized by favorable production conditions including low
labor, raw material & operational costs. The presence of local suppliers in
Japan and China is likely to increase the competition.
The major manufacturers Zeon and Muller Kunstsoffe are
expanding to Japan and China. In addition, Mitsubishi is engaged in R&D for
developing eco-friendly bio-based TPU and improving manufacturing processes by
the elimination of phosgene toxics.
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Report visit @ https://www.millioninsights.com/industry-reports/thermoplastic-elastomers-tpe-market
Market Segment:
Global Thermoplastic Elastomers (TPE) Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
• Styrene Block Copolymers (SBC)
Thermoplastic Polyurethanes (TPU)
• Styrene Butadiene Styrene (SBS)
• Styrene Isoprene Styrene (SIS)
• Hydrogenated Styrene Block
Copolymers (HSBC)
• Thermoplastic Polyolefins (TPO)
• Thermoplastic Vulcanizates (TPV)
• Copolymer Esters (COPE)
• Other TPE
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