Thermoplastic Elastomers Market Overview:
Thermoplastic Elastomers Market are a special group of polymers that are flexible like vulcanized rubber and processible like thermoplastics. Shock absorption, easy sterilization, dimensional stability, chemical and thermal resistance, and flexibility are some of the important performance characteristics of TPEs. These elastomers can be processed by extrusion, injection molding, blow molding, and heat welding. TPE processing is rapid and highly economical as it does not require compounding or the addition of any reinforcing agents or stabilizers.
TPE is applicable in the manufacturing of various vehicle components such as fuel line coverings, side bumpers, mudguard components, air vents, door handles, door weather strips, and others. Rapid industrialization and urbanization are fueling the demand for passenger and transportation vehicles, which is expected to drive the growth of the thermoplastic elastomers market during the assessment period.
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Thermoplastic Elastomers Market Key Players:
Some of the prominent players in the global thermoplastic elastomers market are: Timco Rubber (US), Arkema (France), Huntsman International LLC (US), the Dow Chemical Company (US), RTP Company (US), Covestro AG (Germany), Kraiburg TPE GmbH & Co. KG (Germany), Tosoh Corporation (Japan), the Lubrizol Corporation (US), Teknor Apex (US), Kent Elastomer Products (US), Altana AG (Germany), JSR Corporation (Japan), and Elastron Kimya SAN. TİC. AŞ (Turkey).
Thermoplastic Elastomers Market Segmentation:
The vulcanizate thermoplastic segment is expected to lead the market during the forecast period. This product exhibits properties such as high fatigue resistance, elastic recovery within a wide temperature range, abrasion resistance, thermal and electric insulation, and flame resistance.
Due to these properties, the product finds application in the automotive, building and construction, and household appliances industries. The increasing product demand in the automotive industry and rapid industrialization in developing economies are likely to boost market growth during the forecast period.
By product, the global thermoplastic elastomers market has been classified as vulcanizate, styrenic block copolymer, polyurethane, polyamide, olefin, and others.
Automotive, building and construction, footwear, home appliances, healthcare, and others are the major end-use industry segments of the global thermoplastic elastomers market.
Thermoplastic Elastomers Market Regional Analysis:
Thermoplastic Elastomers Market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Owing to the high product demand in the automotive and footwear industries, Asia-Pacific accounted for the largest share of the global thermoplastic elastomers market in 2018. Asia-Pacific is the most populated region and requires a large number of transportation and passenger vehicles. With the increase in automotive production, the demand for TPEs is likely to increase during the forecast period.
North America and Europe are the other substantial markets for TPEs. North America accounted for the second-highest automobile production in 2018 due to the established automotive industry in the US. This is expected to boost product demand in the region during the review period. The advancements in the European automotive industry to increase the sustainability and efficiency of vehicles are expected to fuel product demand during the forecast period.
Thermoplastic Elastomers Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Thermoplastic Elastomers Market
Thermoplastic Elastomers Market Table of Content to be Continue……,
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