(2018 – 2023) Global Thermoplastic Elastomers (TPEs) Market Trends – CAGR Status, Trends, Analysis and Forecast | 360 Market Updates

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Thermoplastic Elastomers (TPEs)

Global Thermoplastic Elastomers (TPEs) Market (2018 – 2023) research report is expected to register a CAGR of 6.24% over a five years forecast period. Additionally, Thermoplastic Elastomers (TPEs) market report also examines the market by discussing market dynamics such as opportunities, threats, challenges, drivers, restrictions, and other trends of market. The growing adoption of multi-factor techniques is expected to aid the growth to Thermoplastic Elastomers (TPEs) market, during the forecast period.

List of Key players operating in the Global Thermoplastic Elastomers (TPEs) Market are –

  • KRATON PERFORMANCE POLYMERS INC.
  • LCY GROUP
  • DYNASOL ELASTOMERS
  • BASF SE
  • LG CHEMICALS; A. SCHULMAN
  • INC.
  • APAR INDUSTRIES
  • LTD.
  • ARKEMA
  • ASAHI KASEI CORPORATION
  • LANXESS
  • CHEVRON PHILIPS CHEMICALS CO.
  • LTD.
  • COVESTRO AG
  • ROYAL DSM
  • DOWDUPONT
  • ELASTRON KIMYA SAN. TIC. A.Ş
  • ENI VERSALIS
  • EVONIK INDUSTRIES AG
  • EXXONMOBIL CHEMICAL COMPANY INC.
  • HEXPOL RUBBER COMPOUNDING
  • HUNTSMAN CORPORATION
  • KURARAY
  • LUBRIZOL CORPORATION
  • LYONDELLBASELL INDUSTRIES BV
  • MITSUBISHI CHEMICAL CORPORATION
  • MITSUI CHEMICALS
  • POLYMAXTPE
  • POLYONE CORPORATION
  • SABIC
  • SIBUR HOLDING
  • SINOPEC
  • TEKNOR APEX
  • TOTAL PETROCHEMICALS
  • TSRC CORPORATION
  • WANHUA CHEMICAL GROUP CO.
  • LTD.
  • ZEON CORPORATION
  • SUMITOMO CHEMICALS CO.
  • LTD.

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The global thermoplastic elastomers (TPEs) market is expected to register a CAGR of 6.24% during the forecast period, 2018 to 2023. Asia-Pacific accounted for the largest market, with a share of around 47% of the global market share in 2017.

Extensive Demand from the Automobile Industry

Thermoplastic elastomers (TPEs) are high-performance materials, whose application in the automotive industry is rapidly increasing. TPE serve the automotive industry in myriad of applications, some of which include manufacturing of high-quality automotive instrument panels, wheel covers, dashboard components, pillar trim, door liners and handles, seat backs, and seat belt components, among others. According to International Organization of Motor Vehicle Manufacturers (OICA), the production of automobiles has increased from 91 million units in 2015 to almost 95 million units in 2016, and the surge is expected to continue though the forecast period too. Increasing automotive production, coupled with the growing usage of TPE in the automotive industry is expected to drive the market through the forecast period.
In 2017, automotive and transportation application segment dominated the global market with a market share of 41%.

Thermoplastic olefins (TPE-o) – the fastest growing segment

Styrene block copolymers (TPE-s) dominated the global TPE market by product type; however, thermoplastic olefins (TPE-o) is estimated to be the fastest growing market through the forecast period. Thermoplastic olefins are vital products for various industrial applications. They are designed to be tough and durable, and they are easily tailored to meet specific application requirements, such as being weather-resistant, paintable, scratch-resistant, low odor, or low carbon emissions, among others.

Asia-Pacific region to Dominate the Global Market

Asia-Pacific was the largest market in 2017, accounting for around 47% of the global market. It is also expected to be the fastest growing market through the forecast period. In Asia-Pacific, China dominated the TPE market, followed by Japan and India. The improved economic growth, resulting in increased disposable income of people; foreign investments by global leaders of various end-user markets, clubbed with local government initiatives for sustainable development have made the market conditions for countries, such as China and India, favorable for expansion, in terms of both technology and business development.

Have any Query Related Thermoplastic Elastomers (TPEs) market? Feel free to Ask our Industry Experts @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12883763

Key Answers Catch in Analysis are:

– Which geographical region would have more demand for Thermoplastic Elastomers (TPEs) product/services?

– What are the business strategies accepted by leading players in the Thermoplastic Elastomers (TPEs) region-wise market?

– Which country would see the precipitous rise in CAGR & annual Thermoplastic Elastomers (TPEs) growth?

– What is the ongoing & estimated Thermoplastic Elastomers (TPEs) market size in the upcoming years?

– What is the Thermoplastic Elastomers (TPEs) market possibility for long-term investment?

– What type of opportunity would the country provide for current and Thermoplastic Elastomers (TPEs) market new players?

– What are the risk and challenges involved in Thermoplastic Elastomers (TPEs) suppliers?

– What are the factors which would propel the demand for the Thermoplastic Elastomers (TPEs) product in coming years?

– What is the impact study of numerous factors in the growth of the Global Thermoplastic Elastomers (TPEs) market?

– What are the latest trends in the regional Thermoplastic Elastomers (TPEs) market and how prosperous they are?

Reasons to Purchase Thermoplastic Elastomers (TPEs) Market Report:

  • The report analyses how stringent emission control norms will drive the global Thermoplastic Elastomers (TPEs) market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Thermoplastic Elastomers (TPEs) market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

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Thermoplastic Elastomers (TPEs) Market Report TOC Includes:

  • Overview of Thermoplastic Elastomers (TPEs) market, scope of report and include research phases
  • Thermoplastic Elastomers (TPEs) market insight based on industry analysis and forecast analysis
  • Covers market drivers, restraints and opportunity faced by market
  • Market segmentation and analysis by product types and applications
  • Regional market analysis based on market size, growth rate and forecast year
  • Competitive analysis based on mergers and joint ventures
  • Share recent development and strategies of current Thermoplastic Elastomers (TPEs) market

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

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