The Thermoplastic Elastomers Market Global Industry Report is projected to reach USD 28.27 billion by 2022, at a CAGR of 5.2% from 2017 to 2022.
Download FREE PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1012
Thermoplastic elastomers possess properties of both, plastics and elastomers. They can be molded easily at room temperature by heating them. Due to a number of properties offered by them, which include heat stability, smoothness, wear resistance, chemical resistance, and scratch resistance, they are used in different end-use industries.
Bio-based thermoplastics are the upcoming trend in the thermoplastic elastomers market. The majority of thermoplastic elastomers are conventionally compounded and manufactured from raw materials based on fossil fuels. However, increase in the environmental awareness across the globe and fluctuations in the prices of petroleum drive the thermoplastic elastomers market towards the adoption of sustainable and green programs. As such, various guidelines have been formulated and implemented in the European and North American regions for the development of environment-friendly products. These guidelines accord preferential treatment to bio-based products procured by public institutions that meet the minimum renewable raw material content standards. The bio-based thermoplastic elastomers are made using several bio-based raw materials. Some of the predominantly used raw materials for manufacturing thermoplastic elastomers include starch ranging from 30% to 50%, castor & canola oils, polyols from vegetable oils & fatty acids, and corn & soybean oils.
Direct Purchase @ https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=1012
The increased cost of petro-chemically derived monomeric raw materials has made bio-based thermoplastic elastomers economically competitive. Thus, the thermoplastic elastomers based on bio-renewable resources are expected to become popular during the forecast period, owing to increased awareness across the globe for environment sustainability. Among types, the thermoplastic vulcanizates (TPV) segment of the thermoplastic elastomers market is projected to grow at the highest CAGR during the forecast period. Thermoplastic vulcanizates (TPV) have excellent colorability, leading to their increased demand in developing interiors of automobiles. The growing demand for thermoplastic vulcanizates (TPV) as a replacement for polyvinyl chloride (PVC) in the healthcare industry is one of the major drivers for the growth of the thermoplastic vulcanizates (TPV) segment of the thermoplastic elastomers market. Thermoplastic vulcanizates (TPV) ensure low drug absorption. They are environment-friendly and offer optical clarity and toughness. Thermoplastic vulcanizates (TPV) are used in the manufacturing of catheters, blood bags, and disposable gloves. The growth of the thermoplastic vulcanizates (TPV) segment of the thermoplastic elastomers market can be attributed to rapidly growing automotive and medical industries in countries such as China and India of the Asia-Pacific region.
Inquire Before buy @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1012
The medical end-use industry segment of the thermoplastic elastomers market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022. Thermoplastic elastomers are used in medical applications for making adhesives and sealants. Thermoplastic elastomers are used for manufacturing syringes, materials with high barrier resistance or gel-soft cushioning, seals, stoppers, vial caps, bags, bottles, films, and soft touch cushions for glucose measuring devices. They are also used for ergonomic enhancement of various medical devices and medical textile products. The increasing awareness among masses for improved quality healthcare in the Asia-Pacific region has led the growth of medical end-use industry segment of the thermoplastic elastomers market during the forecast period.
About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
Contact:
Mr. Shelly Singh
Markets and Markets
Tower No - B5
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]