(MENAFN- Ameliorate Digital Consultancy) Global Thermoplastic Elastomers market was valued at USD 16.00 billion in 2021 and is expected to reach USD 25.5 billion by 2028 , registering a CAGR of 6.9 % during the forecast period of 2022-2028 .
The most recent record distributed by The Brainy insights titled Thermoplastic Elastomers Market 2022 suggests an industry review covering different product definition factors, market segmentation supported by numerous parameters, and, consequently, the existing vendor landscape. The global Thermoplastic Elastomers market is based on qualitative and quantitative information. The readers will find this record very helpful in comprehending the industry in depth. Moreover, the study is an in-depth investigation of a wealthy supply of main factors responsible for developing the worldwide Thermoplastic Elastomers market. Furthermore, the record's facts and data are represented by graphs, pie charts, diagrams, and other pictorial representations.
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| Attribute | Details |
| Base year for estimation | 2021 |
| Actual estimates/Historical data | 2017-2021 |
| Forecast period | 2022 – 2029 |
| Market representation | Revenue in USD million, Volume in kilo tons, and CAGR from 2022 to 2029 |
| Regional scope | North America, Europe, Asia Pacific, MEA and Central & South America |
| Country scope | U.S., Canada, Mexico, Germany, France, UK, Russia, India, China, Japan, South Korea, Brazil, Saudi Arabia |
| Report coverage | Revenue forecast, company share, competitive landscape, and growth factors and trends |
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Drivers
Thermoplastic elastomers are adaptable materials, which can be extended without distorting their shape permanently. Thermoplastic elastomers are a physical blend of polymers, which is typically plastic and elastic, and they are manufactured by injection, molding, and extrusion. It is utilized in various applications in the automotive sector, such as airbags, anti-slip mats, window trims, cowl panels, spoilers, and seals & air duct components.
Restraints
High cost of thermoplastic elastomer (TPE) materials over conventional plastics, rubbers, and thermoset materials would restrict the use of TPE in case of fillers for products where large volume of materials are required at a low cost. However, TPE materials lose their surface hydrophobicity in short time when used in outdoor applications, especially in high voltage insulation applications, and they need to be disposed off properly and should not be burnt, as they emit harmful isocyanates and caprolactam, which are potential pollutants and carcinogenic agents.
Prominent Key players of the Thermoplastic Elastomers market survey report:
Historical data available in the report elaborates on the development of the Thermoplastic Elastomers on national, regional and international levels. Thermoplastic Elastomers market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Thermoplastic Elastomers Market are – Arkema S.A, Asahi Kasei Corporation, BASF SE, The Dow Chemical Company, Covestro AG, Huntsman Corporation, Teknor Apex Company, Lubrizol Corporation, Tosh Corporation, Kraton Corporation. and Others.
In April, 2022, DowDuPont Inc. announced the launch of its Dupont Liveo pharma tubing, a thermoplastic elastomer tubing for the biopharmaceutical industry. With the launch of this new product DuPont is accelerating its investments for the future of the biopharmaceutical processing industry by expanding its supply capacity of silicone elastomers and tubing and by enlarging its single-use pharma product lines.
On May, 2021, Avient a provider of specialized and sustainable material solutions, announced the addition of three proprietary, thermoplastic elastomer (TPE) formulations that contain antimicrobial additives to its general lightening services PE portfolio. Tested in accordance with JIS Z2801 and ASTM G21-15 standards, these additives protect molded plastic parts by inhibiting bacterial growth (99.9 percent or more) and resisting fungal and mold growth.
Thermoplastic Elastomers Market Segmentation:
Global Market by Type, 2022-2028, (In USD Million)
Styrene Block Copolymer (Sbc) Thermoplastic Polyurethane (Tpu) Thermoplastic Polyolefin (Tpo) Thermoplastic Vulcanizate (Tpv) Polyester Ether Elastomer (Cope) Polyether Block Amide (Peba)
Global Market by End-Use Industry, 2022-2028, (In USD Million)
Automotive Building & Construction Footwear Wire & Cable Medical Engineering Others
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Regional Coverage:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
North America South America Asia and Pacific region Middle east and Africa Europe
In-depth overview of Parent Market
Evolving Industry Market Dynamics Segmentation of Thermoplastic Elastomers Market Market Size in terms of Value and Volume: Current, Historical and Projected Data Current Industrial Trends and Developments Competitive Landscape Strategies and Products offerings of Key Players Regions and Niche and Potential Segments that showcase promising growth Neutral perspective on Thermoplastic Elastomers Market Performance Important information for Players for enhancing and sustaining market presence
Crucial insights in Thermoplastic Elastomers market research report:
Underlying macro- and microeconomic factors impacting the Sales of Thermoplastic Elastomers Basic overview of the Thermoplastic Elastomers, including market definition, classification, and applications. Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches. Adoption trend and supply side analysis of Thermoplastic Elastomers across various industries. Important regions and countries offering lucrative opportunities to market stakeholders.
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Our report offers:
– Thermoplastic Elastomers Market share assessments for the regional and country level segments.
– Market share analysis of the top industry players.
– Strategic recommendations for the new entrants.
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
– Thermoplastic Elastomers Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
– Strategic recommendations in key business segments based on the market estimations.
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments.
– Supply chain trends mapping the latest technological advancements.
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