Thermoplastic Elastomers Market worth 28.27 Billion USD by 2022


Posted November 19, 2018 by gauri16

Thermoplastic Elastomers Market by Type (SBC, TPO, TPV, COPE, PEBA), End-use Industry (Automotive, Building & Construction, Footwear, Engineering, Medical, Wires & Cables), Region - Global Forecast to 2022

 
The overall Thermoplastic Elastomers Market Global Industry Report is expected to grow from USD 20.88 billion in 2016 to USD 28.27 billion by 2022, at a CAGR of 5.2% from 2017 to 2022.

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The thermoplastic elastomer has properties of both rubber as well as plastic and therefore provides advantages of both, thus creating a new form which is highly adaptable in many end-use applications. The thermoplastic elastomer is recyclable, colored, molded, extruded, environmentally friendly, and safe to use in applications such as medical and food packaging. These properties are increasing their popularity in automotive, building & construction, and footwear industries.

Increasing use of thermoplastic elastomers in the automotive industry to drive the market

In the automotive industry, thermoplastic elastomers are used to replace metal and wood parts in a vehicle. Thermoplastic elastomers are used for exterior body parts such as exterior filler panels, wipers, and rocker panels. Recent developments in thermoplastic elastomers have made it suitable for under-the-hood applications such as belts & hoses, clamps, fuel lines, and buffer blocks for bonnets & boots. The demand for thermoplastic elastomers is mainly driven by the growing need for lightweight materials in the automotive industry. These elastomers provide significant strength to weight ration to reduce the weight and increase the fuel efficiency of vehicles.

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The following are the major objectives of the study.
• To define, describe, and forecast the thermoplastic elastomers market on the basis of type, end-use industry, and region
• To identify the factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the thermoplastic elastomers market during the forecast period
• To forecast the size of the thermoplastic elastomers market, in terms of number of units and value
• To analyze the detailed segmentation of the thermoplastic elastomers market and forecast the market size, in terms of number of units and value for the five key regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America
• To analyze the competitive developments, such as expansions, new product developments, supply contracts, and mergers & acquisitions in the thermoplastic elastomers market
• To profile the leading players operating in the thermoplastic elastomers market and identify their core competencies

The thermoplastic elastomers market comprises a network of players involved in the research and product development; raw material supply; component manufacturing; distribution and sale. Key players considered in the analysis of the thermoplastic elastomers market are Arkema SA (France), Asahi Kasei Corporation (China), Covestro AG (Germany), Evonik Industries AG (Germany), Kraton Corporation (U.S.), Lubrizol Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), PolyOne Corporation (U.S.), Sinopec Group (China), Teknor Apex Company (U.S.), The Dow Chemical Company (U.S.), and Tosoh Corporation (Japan).

List of Figures (46 Figures):
Figure 1 Thermoplastic Elastomers: Market Segmentation
Figure 2 Thermoplastic Elastomers Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Thermoplastic Elastomers Market: Data Triangulation
Figure 6 Styrenic Block Copolymers to Dominate Thermoplastic Elastomers Market By 2022
Figure 7 Automotive Industry to Lead the Thermoplastic Elastomers Market Between 2017 and 2022
Figure 8 Asia-Pacific Thermoplastic Elastomers Market to Witness Significant Growth During the Forecast Period
Figure 9 India is Projected to Register A High CAGR During the Forecast Period
Figure 10 Growing Demand From Automotive Industry to Drive the Thermoplastic Elastomers Market

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Issued By gauri
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Categories News , Research
Tags thermoplastic elastomers , thermoplastic elastomers industry , thermoplastic elastomers market , thermoplastic elastomers report , thermoplastic elastomers size , thermoplastic elastomers types
Last Updated November 19, 2018