Thermoplastic Elastomers (TPE) Market are utilized to handle functions that demand the application of both thermoplastics and elastomers for competent functioning. TPEs have characteristics of both plastics as well as rubber. TPEs find its functions in footwear, building & construction, automotive, wires & cables, engineering, medical and others. TPEs are rapidly restoring the traditional plastics and are effortlessly and efficiently re-used which is supplementary boosting their requirement in many industries. The erratic petrochemical costs are expected to be the main challenge in the thermoplastic elastomers industry.
The thermoplastic elastomers industry is expected to expand at a rapid rate over the forecast period. The initial factors propelling the expansion of this industry are growing demand for soaring performance and small weight matter by the ever increasing automobile market. The other noteworthy attribute to TPE industry is the budge created by many end-use industries to change PVC by thermoplastic elastomers. Outstanding processability, high-quality chemical resistance, and UV, recyclable & bondability coupled good adhesion creates thermoplastic elastomers a commonly utilized material in various industries. Due to such commendable properties, this substance is widely utilized in the automobile industry, gaskets, sealants, healthcare items, sporting goods, automotive interior parts and various more places. Moreover, stringent regulatory framework and unstable nature of raw material cost are expected to be two challenges which are negatively affecting this market.
Advancements will be determined by the ongoing progress in product innovation lying on the section of TPE compounders and manufacturers, facilitating these substances to infiltrate novel applications. TPEs will carry on reinstating thermoset, metals, rubbers, and other thermoplastic due to the fact they provide faster and easier processing as well as application in demanding industries. Additionally, Thermoplastic Elastomers requirement is expected to get benefits from the progressive push to decrease automobile weight. The healthy expansion will also be fuelled by advancements in a budding market, which will get advantage from augmented implementation of TPEs over challenging materials in functions such as industrial components and adhesives.
On the basis of a type, the market can be segregated into elastomeric alloys, thermoplastic copolyester, polyolefin blends, thermoplastic polyamides, styrene block copolymers and thermoplastic polyurethanes. Thermoplastic elastomers are expected to attain enormous growth over the forecast period owing to the increasing requirement of end-user applications such as automotive, consumer goods, packaging, industrial, construction, and others. SBCs (Styrenic block copolymers) are expected to remain the top TPE product over the forecast period. SBC requirement is expected to get will from healthy expansion in consumer products and adhesives even though the huge and fully grown footwear industry is expected to limit advances.
The rapid growth is also expected for TPVs (thermoplastic vulcanizates) which are expected to penetrate novel function in consumer, motor vehicle, and medical product industry. Slighter less volume of TPEs comprising fluoropolymers, copolyesters and silicones are expected to penetrate markets with stringent regulatory and performance demands. A resurgent automobile industry will boost demand for TPOs (thermoplastic polyolefins) although advancements will be inhibited by mellowness in applications such as vehicle bumper fascia. The second-largest thermoplastic elastomer market includes thermoplastic polyolefins (TPOs), which are chiefly utilized in the automotive industry.
On the basis of end-users, the market can be segregated into Automobiles, Industrial products, electronics, Sports goods, Adhesives and others. Automotives are expected to generate maximum revenue over the forecast period. The construction industry and other industries such as medical technology and machine construction are also expected to observe good growth over the forecast period owing to increased application of TPEs in this part of industry.
On the basis of the region, the market can be segregated into Asia Pacific, North America, Europe and Middle East & Africa. North America is expected to capture maximum revenue over the forecast period owing to increased automotive production in the markets of North America which would increase the demand of TPEs in this area and this increase in demand will fuel the growth of TPEs market. Asia Pacific is expected to grow rapidly over the forecast period owing to China since China is expected to be the largest consumer of TPEs in terms of volume over the forecast period. India is also expected to see robust expansion over the forecast period which will fuel the rapid expansion of TPEs market over the forecast period. Europe is expected to see moderate growth over the forecast period as compared to last few years. Although advancements in TPEs in this part of the world is expected to remain solid over the forecast period. The Middle East and Africa is also expected to see moderate growth over the forecast period.
Some of the key players in the market are Arkema SA, Dushanzi, Yantai Wanhua, LG Chemicals, LCY Chemical, Kraton, Sinopec, Dow Chemical Company, Huntsman Corporation, Dynasol, LCY Chemical, Clariant International Limited, TSRC, BASF, Exxon Mobil Corporation, Saint-Gobain Performance Plastics, Solvay Chemicals International, Solvay Chemicals International, Evonik Industries, Troy Corporation and E I du Pont de Nemours and Company.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Thermoplastic Elastomers (TPE) in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global Thermoplastic Elastomers (TPE) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Kraton Polymers
• DOW Chemical
• BASF SE
• LG Chem
• Asahi Chemical
• Chevron Phillips
• Kumho Petrochemical
• Arkema SA
• Lee Chang Yung
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Styrene-based TPE (SBCs)
• Thermoplastic Polyolefins
• Thermoplastic Polyurethanes
• Polyether Ester TPE(TPEE)
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Building & construction
Research Support Specialist, USA