Global Thermoplastic Elastomer Market, By Product Type (Co-Polyester, Polyurethane, Vulcanizates, E

Published Date: | Report Code : MT1924683

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Increasing demand from the automotive and medical industries for various applications is expected to drive the market growth of the thermoplastic elastomer market during the forecast period.  

A thermoplastic elastomer is a type of thermoplastic polymer. It is also called thermoplastic rubber, as it displays properties and performance of both, plastic and rubber. Due to the elastomeric component of the material, it is soft and flexible and can be stretched to almost twice its length. When released, it returns to its original size. Thermoplastic elastomers have several properties such as shock absorption, cleanliness, dimensional stability, thermal resistance, chemical resistance, weather resistance (non-corrosive) easy sterilization, flexibility, etc., which are attracting several industries for numerous applications.

Thermoplastic elastomers are used in several automotive parts such as instrument panels, wheel covers, pillar trim, dashboard components, etc. Moreover, they are increasingly being used in the medical industry.

 Key Factors Impacting Market Growth:

  • Thermoplastic elastomers are environment-friendly and recyclable
  • Thermoplastic elastomers can be easily processed and molded, and hence, their production has low energy requirement saving on production cost
  • Increasing areas of application in the automotive and medical industries

Regional Analysis: 

The thermoplastic elastomer market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the thermoplastic elastomer market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include Automotive, building & construction, electrical & electronics, and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for the thermoplastic elastomer market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions. Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Building & construction, automotive, and others are some of the major industries in the region with strong potential for the thermoplastic elastomer market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets with demand from Automotive, building & construction, electrical & electronics, footwear, medical, wires & cables, consumer goods, adhesives, sealants & coatings, others

Companies Covered: 

The Dow Chemical Company, Arkema SA, BASF SE, Kraton Corporation, LyondellBasell Industries N.V., Covesrtro AG, Teknor Apex Company, Asahi Kasei Corporation, Evonik Industries Ag, Celenese Corporation, Polyone Corporation, and LCY Group… 

Market Segmentation:

By Product Type:

  • Co-polyester
  • Polyurethane
  • Vulcanizates
  • Elastomeric Alloys
  • Reactor-Made Thermoplastic Polyolefin Elastomers
  • Polyolefin Plastomers
  • Polyolefin Elastomers
  • Polyolefin
  • Polyamide
  • Styrenic Block Co-Polymers

By Application:

  • Automotive
  • Building & Construction
  • Electrical & Electronics
  • Footwear
  • Medical
  • Wires & Cables
  • Consumer Goods
  • Adhesives, Sealants & Coatings
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product Type
    • By Application
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product Type
    • By Application
  • Western Europe:
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Product Type
    • By Application
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Product Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Product Type
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the thermoplastic elastomer market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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