Thermoplastic Elastomers Market Is Projected to Be $27.8 Billion by 2026: CAGR: 6.7%

Pune, India -- (SBWire) -- 03/19/2019 --The global thermoplastic elastomers market size is anticipated to be around USD 27.8 billion by 2026, this market is anticipated to grow with 6.7% CAGR during the forecast time period. The rise in demand for thermoplastic elastomers in automotive applications is expected to drive the growth of the global thermoplastic elastomers market.

Thermoplastic elastomers are the materials that own properties of both elastomers and plastics. The thermoplastic elastomer materials are based on stiff thermoplastic and soft elastomer. Thermoplastic elastomers are environment-friendly in nature and consist of various properties such as recyclability, flexibility, and others. The mixture of properties of vulcanized rubber and ease of processability of thermoplastic elastomers makes it more suitable for usage in the extensive range of applications in various end-use industries such as automotive, medical, building & construction, consumer goods, and others. This thermoplastic elastomer possesses exceptional physical properties such as high stability, chemical inertness, flexibility, scalability, and better gas transmission properties.

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The global thermoplastic elastomers market is driven by various factors such as the upsurge in the demand for thermoplastic elastomers in automotive applications such as car exteriors, wires and cables, bumpers, and others. Thermoplastic elastomers consist of various properties such as high dimensional stability, chemical inertness, vapor and gas transmission properties, and flexibility are estimated to boost the demand for these elastomers in the automotive, medical, and building & construction industries during the forecast period. Regulations and policies by governments to improve road connectivity and infrastructure are expected to drive the thermoplastic elastomers market during the forecast period. Owing to which the demand for thermoplastic elastomers market is projected to grow in the upcoming years.

The global thermoplastic elastomers market is segmented into two major segments named type, end-use industry, and region. On the basis of type, the global thermoplastic elastomers market is segmented into block copolymers, blends, and others. Further, the block copolymers are segmented into TPS (Styrenic Block Copolymers), TPU (Thermoplastic Polyurethane), TPE (Thermoplastic Copolysters), and TPA (Thermoplastic Polyamides). Also, the blends sub-segment is further segmented into TPO (Thermoplastic Polyolefin), and TPV (Thermoplastic Vulcanizates). On the basis of end-use industry, the global thermoplastic elastomers market is segmented into automotive, building & construction, medical, consumer goods, and others. The automotive sub-segment is further divided into wires & cables, under-hood & bonnets, exteriors, and others. Also, the building & construction sub-segment is divided into seals & gaskets, expansion joints, and others. The medical sub-segment is further bifurcated into tubing, catheters, grips, and others. Furthermore, the consumer goods sub-segment is further divided into power tools handles, sporting goods & toys, and others. On the basis of region, the global thermoplastic elastomers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Asia Pacific region is anticipated to dominate the global thermoplastic elastomers market followed by North America and Europe region. The dominance in the Asia Pacific is due to the extensive adoption of thermoplastic elastomers in automotive OEMs in the automobile sector. The emerging countries in the Asia Pacific such as China, Vietnam, and Thailand are expected to create growth opportunities owing to the increased production of automotive components in developing markets of Asia Pacific region. Also, the increase in production capacities by medical devices manufacturers in China and Japan is projected to bolster the growth of thermoplastic elastomers in the near future. Moreover, the availability of raw materials such as thermoplastic resins at moderately low prices is likely to drive the thermoplastic elastomers market in the region in the coming years. The market in North America and Europe is likely to expand at a moderate pace during the forecast period. In terms of production of thermoplastic elastomers, the U.S. is expected to gradually increase its production due to the growing demand for thermoplastic elastomers in the automotive and medical sector in this region.

The prominent players in the global thermoplastic elastomers market are Covestro, BASF SE, PolyOne Corporation, Exxon Mobil Corporation, SABIC, Celenese Corporation, Huntsman Corporation, Arkema Group, E.I. du Pont de Nemours and Company, and KRATON Corporation etc. The key players are focusing on acquisitions and strategic collaborations in order to gain market share. Also, the key vendors are determined to manufacture thermoplastic elastomers with good sealing performance, lower cost, highly resistive, and less weight. The R&D investments by manufacturers are coupled with advanced technologies are anticipated to offer lucrative opportunities for industry players in the global thermoplastic elastomers market.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope Thermoplastic Elastomers Market
1.1.1. Definition of Thermoplastic Elastomers Market
1.1.2. Market Segmentation Thermoplastic Elastomers Market
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Thermoplastic Elastomers Market by Type
1.2.2.1. Global Thermoplastic Elastomers Market Revenue and Growth Rate Comparison by Type (2015-2026)
1.2.2.2. Global Thermoplastic Elastomers Market Revenue Share by Type in 2017
1.2.2.3. Block Copolymers
1.2.2.3.1. TPS (Styrenic Block Copolymers)
1.2.2.3.2. TPU (Thermoplastic Polyurethane)
1.2.2.3.3. TPE (Thermoplastic Copolysters)
1.2.2.3.4. TPA (Thermoplastic Polyamides)
1.2.2.4. Blends
1.2.2.4.1. TPO (Thermoplastic Polyolefin)
1.2.2.4.2. TPV (Thermoplastic Vulcanizates)
1.2.2.5. Others
1.2.3. Thermoplastic Elastomers Market by End-use Industry
1.2.3.1. Global Thermoplastic Elastomers Market Revenue and Growth Rate Comparison by End-use Industry (2015-2026)
1.2.3.2. Global Thermoplastic Elastomers Market Revenue Share by End-use Industry in 2017
1.2.3.3. Automotive
1.2.3.3.1. Wires and Cables
1.2.3.3.2. Under-hoods and Bonnets
1.2.3.3.3. Exteriors
1.2.3.4. Building & Construction
1.2.3.4.1. Seals and Gaskets
1.2.3.4.2. Expansion Joints
1.2.3.5. Medical
1.2.3.5.1. Tubing
1.2.3.5.2. Catheters
1.2.3.5.3. Grips
1.2.3.6. Consumer Goods
1.2.3.6.1. Power Tools Handles
1.2.3.6.2. Sporting Goods and Toys
1.2.3.7. Others
1.2.4. Thermoplastic Elastomers Market by Geography
1.2.4.1. Global Thermoplastic Elastomers Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Thermoplastic Elastomers Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Thermoplastic Elastomers Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Thermoplastic Elastomers Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Thermoplastic Elastomers Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Thermoplastic Elastomers Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter's Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Thermoplastic Elastomers Market Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Thermoplastic Elastomers Market Major Manufacturers in 2017
3.3. R&D Status and Type Source of Global Thermoplastic Elastomers Market Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Thermoplastic Elastomers Market Major Manufacturers in 2017

CHAPTER 4. THERMOPLASTIC ELASTOMERS MARKET BY TYPE

4.1. Global Thermoplastic Elastomers Market Revenue by Type
4.2. Block Copolymers
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.2.3. TPS (Styrenic Block Copolymers)
4.2.4. TPU (Thermoplastic Polyurethane)
4.2.5. TPE (Thermoplastic Copolysters)
4.2.6. TPA (Thermoplastic Polyamides)
4.3. Blends
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3.3. TPO (Thermoplastic Polyolefin)
4.3.4. TPV (Thermoplastic Vulcanizates)
4.4. Others
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. THERMOPLASTIC ELASTOMERS MARKET BY END-USE INDUSTRY

5.1. Automotive
5.1.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.1.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.1.3. Wires and Cables
5.1.4. Under-hoods and Bonnets
5.1.5. Exteriors
5.2. Building & Construction
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.2.3. Seals and Gaskets
5.2.4. Expansion Joints
5.3. Medical
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3.3. Tubing
5.3.4. Catheters
5.3.5. Grips
5.4. Consumer Goods
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4.3. Power Tools Handles
5.4.4. Sporting Goods and Toys
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET BY COUNTRY

6.1. North America Thermoplastic Elastomers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Thermoplastic Elastomers Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Thermoplastic Elastomers Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
6.5. Mexico
6.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)

CHAPTER 7. EUROPE THERMOPLASTIC ELASTOMERS MARKET BY COUNTRY

7.1. Europe Thermoplastic Elastomers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Thermoplastic Elastomers Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET BY COUNTRY

8.1. Asia-Pacific Thermoplastic Elastomers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Thermoplastic Elastomers Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)

CHAPTER 9. LATIN AMERICA THERMOPLASTIC ELASTOMERS MARKET BY COUNTRY

9.1. Latin America Thermoplastic Elastomers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Thermoplastic Elastomers Market Revenue Share Comparison, 2015 & 2026 (%)
9.2.1. Brazil Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.2.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
9.3. Argentina
9.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
9.4. Rest of Latin America
9.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)

CHAPTER 10. MIDDLE EAST THERMOPLASTIC ELASTOMERS MARKET BY COUNTRY

10.1. Middle East Thermoplastic Elastomers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East Thermoplastic Elastomers Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Saudi Arabia
10.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
10.4. UAE
10.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
10.5. Rest of Middle East
10.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)

CHAPTER 11. AFRICA THERMOPLASTIC ELASTOMERS MARKET BY COUNTRY

11.1. Africa Thermoplastic Elastomers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Africa Thermoplastic Elastomers Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. South Africa
11.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
11.4. Egypt
11.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)
11.5. Rest of Africa
11.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By End-use Industry, 2015 - 2026 ($Million)

CHAPTER 12. COMPANY PROFILE

12.1. Covestro
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. BASF SE
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. PolyOne Corporation
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Exxon Mobil Corporation
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. SABIC
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Celenese Corporation
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Huntsman Corporation
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Arkema Group
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. KRATON Corporation
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. E.I. du Pont de Nemours and Company
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies

CHAPTER 13. RESEARCH APPROACH

13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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