Thermoplastic Elastomers Market, by Product Type, by Application, by End-use Industry, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022

Description

Thermoplastic elastomers are flexible materials, which can be stretched without permanently deforming their shape. Thermoplastic elastomers are a physical mix of polymers, which are usually plastic and rubber. Thermoplastic elastomers are manufactured by injection, molding, and extrusion. Various automobile parts such as window handles, gaskets, body seals, wipers, filler panels, rocker panels, and damping pads are manufactured from thermoplastic elastomers. Rising demand for automobiles and increasing consumer spending on automobiles is expected to drive growth of the thermoplastic elastomers market.

Market Dynamics

Due to increasing demand for lighter vehicles, thermoplastic elastomers is expected to find increasing applications in the automotive sector. Furthermore, growing demand for bio-based thermoplastic elastomers is driving growth of this market. Hence, players in market are manufacturing bio-based thermoplastic elastomer (TPE) compounds that contain raw materials from renewable resources such as plant and vegetable crops. This is expected to be a major growth opportunity for key players in market.

Growing automotive industry and high demand for electric vehicles is the major driver for the growth of global thermoplastic elastomers in the forecast period. Automotive parts segment accounted for the largest revenue share in the global thermoplastic elastomers market in 2021. This is due to the properties of TPE such as weather & temperature resistance, shock absorption, flexibility, abrasion resistance, and recyclability.

Growing medical equipment manufacturing industry is expected to drive growth of styrenic block co-polymers segment and in turn fuel growth of the thermoplastic elastomers market, globally. For instance, according to the India Brand Equity Foundation in April 2022, medical devices industry in India was valued at US$ 10.36 billion in 2020 and is expected to reach US$ 50 billion by 2025, with a CAGR of 37%.

Various key players are focused towards expanding the manufacturing of thermoplastic elastomers, which is a key factor driving growth of the thermoplastic elastomers market. For instance, in November 2018, DuPont had announced that it was investing over US$ 80 million to build a new manufacturing facility in Zhangjiagang, Jiangsu Province in East China. This new facility will produce compounded high-end engineering plastics and adhesives to serve customers in transportation, electronics, industrial and consumer products markets. This planned site become operational in 2020 with expansion through 2023, thereby driving the overall TPE market growth in the Asia Pacific region.

Key features of the study:

This report provides an in-depth analysis of global thermoplastic elastomers market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global thermoplastic elastomers market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include DowDuPont Inc., Arkema Group, Asahi Kasei Corporation, PolyOne Corporation, Elastron Kimya SA, Kraton Corporation, Evonik Industries, Covestro AG., Lubrizol Corporation, Huntsman Corporation, Tosh Corporation, and Teknor Apex Company
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global thermoplastic elastomers market report caters to various stakeholders in this industry including investors, suppliers, thermoplastic elastomers manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global thermoplastic elastomers market

Detailed Segmentation:

Global Thermoplastic Elastomers Market, By Product Type :
- Styrenic Block Co-polymers
- Co-polyester
- Polyurethane
- Polyamide
- Thermoplastic/Elastomers Blend & Alloy
- Polyolefin
- Vulcanizates
- Reactor-made Thermoplastic Polyolefin Elastomers (R-TPO)
- Polyolefin Plastomers (POP's)
- Polyolefin Elastomers (POE's)
Global Thermoplastic Elastomers Market, By Application :
- Automotive Parts
- Wires and Cables
- Coating
- Adhesive & Sealant
- Paving & Roofing
- Housewares & Appliances
- Others
Global Thermoplastic Elastomers Market, By End-use Industry:
- Building & Construction
- Automotive
- Packaging
- Footwear
- Consumer Electronics
- Others
Global Thermoplastic Elastomers Market, By Region:
- North America
  - By Country:
- U.S.
- Canada
- Latin America
  - By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
  - By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
  - By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
  - By Country/Region:
- Middle East
- Africa
Company Profiles
- DowDoPont Inc
  - Company Overview
  - Product Portfolio
  - Key Strategies
  - Recent Developments
  - Future Plans
- Arkema Group
- Asahi Kasei Corporation
- PolyOne Corporation
- Elastron Kimya SA
- Kraton Corporation
- Evonik Industries
- Covestro AG.
- Lubrizol Corporation
- Huntsman Corporation
- Tosh Corporation
- Teknor Apex Company

"*" marked represents similar segmentation in other categories in the respective section

Product Code: CMI847

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Thermoplastic Elastomers Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Thermoplastic Elastomers Market - COVID-19
Impact Analysis

5. Global Thermoplastic Elastomers Market, By Product Type , 2017-2030 (US$ Billion)

Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Styrenic Block Co-Polymers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Co-Polyester
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Polyeurethane
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Polyamide
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Thermoplastic/Elastomers Blend & Alloy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Polyolefin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Vulcanizates
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Reactor-made Thermoplastic Polyolefin Elastomers (R-TPO)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Polyolefin Plastomers (POP's)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Polyolefin Elastomers (POE's)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)

6. Global Thermoplastic Elastomers Market, By Application, 2017-2030 (US$ Billion)

Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Automotive Parts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Wire & Cables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Adhesive & Sealants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Paving & Roofing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Houseware & Appliances
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)

7. Global Thermoplastic Elastomers Market, By End-use Industry, 2017-2030 (US$ Billion)

Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Building & Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Footwaear
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Consumer Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)

8. Global Thermoplastic Elastomers Market, By Region, 2017-2030 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2017 - 2030
North America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Product Type , 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Countries
U.S.
Canada
Latin America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Product Type , 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Product Type , 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Product Type , 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Product Type , 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Sub-Regions
Middle East
Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- DowDuPont Inc.
Company Overview
Product Portfolio
Recent Developments/Updates
- Arkema Group
Company Overview
Product Portfolio
Recent Developments/Updates
- Asahi Kasei Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- PolyOne Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- Elastron Kimya SA
Company Overview
Product Portfolio
Recent Developments/Updates
- Kraton Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- Evonik Industries
Company Overview
Product Portfolio
Recent Developments/Updates
- Covestro AG.
Company Overview
Product Portfolio
Recent Developments/Updates
- Lubrizol Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- Huntsman Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- Tosh Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- Teknor Apex Company
Company Overview
Product Portfolio
Recent Developments/Updates

10. Section

References
Research Methodology
About Us and Sales Contact
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Thermoplastic Elastomers Market, by Product Type, by Application, by End-use Industry, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030