The Thermoplastic Elastomers (TPE) Market was worth USD 19.02 billion in the year of 2014 and is expected to reach approximately USD 30.30 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.31% during the forecast period. Expanding usage crosswise over different applications, for example, construction, footwear, consumer goods, and electronics has been assisting in the worldwide market development in the course of couple of years.

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Industry Outlook and Trend Analysis:
Expanding requirement in the manufacturing of automotive components is anticipated to be a main consideration driving the worldwide business development over the estimate time frame. Administrative intervention by environmental agencies focused on reduction of carbon emanation through an expansion in fuel productivity has constrained major automotive OEMs to consolidate plastics as an alternative to metals and composites in automotive parts. Expanding consumer inclination for superior and lightweight passenger cars has been driving plastics advancement in the manufacturing of automotive. These aspects have prompted expanded thermoplastics usage in the previously mentioned application. Thermoplastic elastomers provide better chemical and physical properties in comparison to thermoset plastics, hence picking up inclination on the basis of application. High substitution rate of TPU and TPO as an option to ethylene propylene diene monomer (EPDM) in construction materials is foreseen to supplement the demand of worldwide industry over the conjecture time frame. TPEs are eco-friendly and extraordinary thermoplastics that are recyclable as well as be re-formed and re-molded, hence disposing of wastage broadly. These offer different benefits regarding physical qualities and attributes, for example, providing soft-touch to materials, oxidation, UV, and resistance to chemicals.

The global Thermoplastic Elastomers Market is segmented as follows-
By Product:
Thermoplastic Polyolefins (TPO)
Copolymer Esters (COPE)
Styrene Block Copolymer (SBC)
Styrene Isoprene Styrene (SIS)
Styrene Butadiene Styrene (SBS)
Hydrogenated Styrene Block Copolymers (HSBC)
Thermoplastic Vulcanizates (TPV)
Thermoplastic Polyurethanes (TPU)

Product Outlook and Trend Analysis:
Essential items investigated for worldwide TPE market incorporates TPV, TPO, SBC, TPU, and COPES for example, melt processable rubber and thermoplastic polyamides. Also, every item has been sectioned on the basis of their particular applications. In 2014 SBC was the biggest expended product with its request evaluated at 1,889.2 kilo tons. In 2014 SBS is a noteworthy SBC item devoured which represented more than 70 percent of the item volume. Expanding requirement for SIS especially in India and China is anticipated to drive the product section development throughout the following years. Expanding usage in automotive in the fascia systems and hood applications is foreseen to be a main consideration driving the worldwide TPV consumption. TPU is gaining popularity in construction applications attributable to its acoustic and thermal insulation elements. Developing significance of energy proficiency in buildings and resulting administrative approaches focused at zero energy buildings are anticipated to boost TPU requirement in the construction sector throughout the following years.

Market Classification:
Thermoplastic Elastomers (TPE) Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
Styrene Block Copolymer (SBC)
Styrene Butadiene Styrene (SBS)
Styrene Isoprene Styrene (SIS)
Hydrogenated Styrene Block Copolymers (HSBC)
Thermoplastic Polyurethanes (TPU)
Thermoplastic Polyolefins (TPO)
Thermoplastic Vulcanizates (TPV)
Copolymer Esters (COPE)
Other TPE

Regional Outlook and Trend Analysis:
In 2014 Asia Pacific thermoplastic elastomers market rose as the biggest consumer and represented more than 40 percent of the total volume. In 2014 Japan, China, and India are significant purchasers in APAC and represented more than 85 percent of the regional volume. High automotive and construction industry development in India and China alongside expanding production of electronic and footwear merchandise in Southeast Asia is foreseen to boost the TPE demand in APAC over the estimate time frame. North America is defined by significant R&D by domestic organizations focused at product development and expanded scope of application. Organized administrative policies relating to application particular plastic disposal and usage is anticipated to significantly affect the regional market development. Expanding car creation in Mexico and United States alongside consumer and construction industries development in Mexico is foreseen to drive North America TPE requirement over the estimate time frame.

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Competitive Insights:
Some of the leading players in this market are Kraton, LyondellBasell, Sinopec and Dow Chemical Company. Leading organizations are moving their production capacities to high development potential markets, for example, Southeast Asia, China, India, and Brazil. The shift in manufacturing can be credited to high TPE requirement in previously mentioned districts combined with positive production conditions, for example, simple raw material obtainment and low operational and labor expenses. Major manufacturers, for example, Zeon and Muller Kunststoffe have begun expansion of capacities in Japan and China individually. The existence of a large number of small scale domestic producers in these areas is anticipated to fortify rivalry among organizations. Mitsubishi is currently putting resources into R&D to enhance production forms by wiping out harmful ingredients (phosgene) and creating plant-based bio-based thermoplastic elastomers.

Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Table of Contents:
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1.Secondary Research
1.2.2.Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1.Market Definition
3.1.2.Market Segmentation
3.2. Market Dynamics
3.2.1.Drivers
3.2.1.1.Thermoplastic Elastomers Substituting Thermosets
3.2.2.Restraints
3.2.2.1.Volatile Raw Material Prices
3.2.3.Opportunities
3.2.3.1.Emerging Markets to Offer Lucrative Growth Opportunities
…
6. Company Profiles
6.1. Advanced Elastomer Systems L.P.
6.1.1.Business Overview
6.1.2.Product Portfolio
6.1.3.Strategic Developments
6.1.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.2.Arkema S.A.
6.2.1.Business Overview
6.2.2.Product Portfolio
6.2.3.Strategic Developments
6.2.4.Thermoplastic Elastomers (TPE)Sales, Revenue and Market Share
6.3. BASF
6.3.1.Business Overview
6.3.2.Product Portfolio
6.3.3.Strategic Developments
6.3.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.4. Bayer Material Science
6.4.1.Business Overview
6.4.2.Product Portfolio
6.4.3.Strategic Developments
6.4.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.5. China Petroleum & Chemical Corporation
6.5.1.Business Overview
6.5.2.Product Portfolio
6.5.3.Strategic Developments
6.5.4.Thermoplastic Elastomers (TPE)Sales, Revenue and Market Share
6.6. Dynasol Elastomers LLC
6.6.1.Business Overview
6.6.2.Product Portfolio
6.6.3.Strategic Developments
6.6.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.7. EMS group
6.7.1.Business Overview
6.7.2.Product Portfolio
6.7.3.Strategic Developments
6.7.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.8. Evonik Industries
6.8.1.Business Overview
6.8.2.Product Portfolio
6.8.3.Strategic Developments
6.8.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.9. Huntsman Corporation
6.9.1.Business Overview
6.9.2.Product Portfolio
6.9.3.Strategic Developments
6.9.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
6.10.Kraton Polymers LLC
6.10.1.Business Overview
6.10.2.Product Portfolio
6.10.3.Strategic Developments
6.10.4.Thermoplastic Elastomers (TPE)Sales, Revenue and Market Share
6.11.LG Chemicals
6.11.1.Business Overview
6.11.2.Product Portfolio
6.11.3.Strategic Developments
6.11.4.Thermoplastic Elastomers (TPE) Sales, Revenue and Market Share
…
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