360 Research Reports offers the latest published report on “Global Thermoplastic Elastomers (TPEs) Market – Segmented by Product Type, Application, and Geography – Growth, Trends and Forecasts (2019 – 2023)” delivering key insights and providing a competitive advantage to clients through a detailed report.
Global Thermoplastic Elastomers (TPEs) Market 2019-2023 considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Thermoplastic Elastomers (TPEs) market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.
Thermoplastic Elastomers (TPEs) Market Segmentation by Major Players:
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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Overview of Thermoplastic Elastomers (TPEs) Market Report:
The global thermoplastic elastomers (TPEs) market is expected to register a CAGR of 6.24% during the forecast period, 2019 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.
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Important factors that are mentioned in the Thermoplastic Elastomers (TPEs) Market report 2023…
Key Market Dynamics: The Global Thermoplastic Elastomers (TPEs) Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in a huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
Major Growth Prospects: The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
Key Market Highlights: The report gives us an in-depth Market analysis on some of the Thermoplastic Elastomers (TPEs) Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
Potential Customers: The Thermoplastic Elastomers (TPEs) Market report provides significant insights to readers, service providers, suppliers, distributors, manufacturers, stakeholders, and individuals who are interested in evaluation and self-studying the Thermoplastic Elastomers (TPEs) market.