Global Thermoplastic Elastomers Market Will Increase Strongly Through 2012 - 2018

Albany, NY -- (SBWire) -- 10/10/2014 --Thermoplastic elastomers (TPE) are a family of polymers which despite stretching repeatedly does not lose its intrinsic shape. These are considered to be real thermoplastics, and hence do not require vulcanization or curing. Thermoplastic elastomers are processed using methods such as injection molding, extrusion, and blow molding. This material has the advantage of both rubbery materials and plastic. For instance, thermoplastic elastomers are can be easily processed, colored, extremely resistant to harsh weather conditions, good UV resistance, soft, resistant to chemicals, and impervious to ozone. Owing to these qualities, thermoplastic elastomers are increasingly used in making automotive parts, sealants, gaskets, overmolding, sporting goods, automotive interiors, medical and healthcare products, consumer goods, and many other general purposes.

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The report published by Transparency Market Research delves deeper into the subject and analysis the global need and demand of thermoplastic elastomers. The market research report contains a comprehensive view on the market, its segmentation as per the type of products, their applications, and their markets. The report is complete with SWOT analysis, which identifies the strengths of this industry, the weaknesses it faces, the opportunities it must take up, and the threat it ought to eliminate. It also provides expert data on how to match the strengths to opportunities, and convert weaknesses and threats to further strengths and opportunities. The report analyzes and estimates the growth and demand in the coming years for thermoplastic elastomers, and additionally states its impact on the global economy.

Segmentation of the Thermoplastic Elastomers Market

By Product

- Copolyester Elastomers (COPEs)
- Styrenic Block Copolymers (SBCs)
- Thermoplastic Polyolefins (TPOs)
- Thermoplastic Polyurethanes (TPUs)
- Thermoplastic Vulcanizates (TPVs)
- Other Thermoplastic Elastomers (including Thermoplastic Polayamide)

Copolyester Elastomers (COPEs) by Market and Application

- Automotive
- Electrical & Electronics
- Industrial
- Medical
- Other (including construction & personal care)

Styrenic Block Copolymers (SBCs) by Product and Market

- Styrene Butadiene Styrene
- Styrene Isoprene Styrene
- Hydrogenated SBCs (including SEBS, SEPS, SEEPS)

Styrenic Block Copolymers (SBCs) by Market and Application

- Advanced Materials (compounding, personal care & polymer systems)
- Adhesives, Sealants and Coatings
- Paving and Roofing
- Footwear
- Other

Thermoplastic Polyolefins (TPOs) by Market and Application

- Automotive
- Other (including medical, construction, packaging etc)

Thermoplastic Polyurethanes (TPUs) by Market and Application

- Automotive
- Construction
- Electronics & Appliances
- Hose & Tubing
- Footwear
- Wire & Cable
- Others (industrial insulation, CASE etc)

Thermoplastic Vulcanizates (TPVs) by Market and Application
- Automotive
- Fluid Handling
- Consumer Goods
- Medical
- Other (including construction, appliances, tools)

The global market is divided into four main regions:
- North America,
- Europe,
- Asia Pacific,
- Rest of the World.

Market Watch :

Global market for thermoplastic elastomers is expected to grow at CAGR of 21.3% from 2013 to 2019. The market’s valuation is expected to reach at $2,937.3 million by 2019. This exponential growth is primarily driven by the automobile industry that demands a high performance and light weight material. In the coming five years, the urgency to replace PVC with thermoplastic elastomers will also shoot up the demand this product. According to statistics, styrenic block copolymers (SBCs) accounted for 48% of total thermoplastic elastomer demand in 2011. However, SBC is expected to stagnate in the coming years. On the other hand, market for thermoplastic vulcanizates (TPVs) is expected to grow the fastest at a CAGR of 6.6% from 2012 to 2018.

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Asia Pacific has been the biggest consumer of thermoplastic elastomers and accounted for more than 40% of global demand in 2011. The demand for TPE is expected to grow at a CAGR of 5.4% from 2012 to 2018. The main factor contributing to this growth is expansion of automobile industry in China and India. Europe follows this region closely, however, the demand has been rather stagnant due to economic slowdown.

Some of the top players in the thermoplastic elastomers market who are closely studied in this report are Sinopec, Bayer, BASF, Kraton, Huntsman Corporation, Dow Chemical Company, LCY Chemical, Dynasol, Nippon, Yantai Wanhua, TSRC, LG Chemicals, and Dushanzi.

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