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Published Date: 2013-01-29Number of Pages: 141

Thermoplastic Elastomers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018

The global market for thermoplastic elastomers (TPE) is projected to witness a significant surge in the growth rate in the coming years. The primary reason for driving this development in the market is the growing demand for top class performance and lower weighted material by the ever-growing automobile segment. Another vital driving factor responsible for the growth of the TPE market is the large scale adoption of thermoplastic elastomers in place of PVC by numerous end user segments. Thermoplastic elastomers have several prominent features such as good chemical and UV resistance, excellent process ability, recyclable, has a good bonding ability and adhesion. These properties have led to extensive use of thermoplastics elastomers in sealants, automobile industry, gaskets, healthcare and medical items, sporting goods, and automotive interior components among numerous other places. This has led to considerably drive the growth of the global TPE market. However, strict framework of rules and frequently fluctuating prices of raw materials are slowing down the growth of the market.

The global thermoplastic elastomers plastic market is expected to witness growth at a CAGR of 6.4% with respect to revenue over the forecast period of 2012 to 2018.  The global TPE market is expected to reach an overall valuation of US$15.3 bn by the end 2018. In addition to this, the market is expected to reach a figure of 4,879.7 kilo tons by the end of 2018. This volume related growth is expected to be achieved at a CAGR of 5.0% during the course of given forecast period.

Sytrenic Block Copolymers to Remain Key Product Type Thanks to Multi-purpose Applications

Styrenic block copolymers (SBC) are a type of high performing thermoplastic elastomers designed to enhance the working of a broad range of end products in several industries. Styrenic block copolymers (SBC) have the capacity to be refined as thermoplastic materials while having the mechanical and physical features of vulcanized filled elastomers. These styrenic block copolymers are utilized in a wide range of pressure-sensitive adherent applications such as labels, tapes, and construction adhesives. The footwear segment is also an important application of styrenic block copolymers. These SBCs are used to manufacture shoe soles because of their low costs and softness in material. Apart from these uses, SBCs are also used in various other applications such as rubber bands, toys and roofing and road paving bitumen products. Automotive industry is also leading the global TPE market owing to extensive use of thermoplastic elastomers in various automotive related components.

Asia Pacific to Show High Growth in Coming Years Owing to Huge Boom in Automotive Industry

Asia Pacific regions is expected to be the leading regional market segment for the thermoplastic elastomers in the coming years. Emerging economies such as China and India are projected to exhibit largest market for thermoplastic elastomers in the Asia Pacific regions. This growth is mainly because of the booming automotive industry in these countries. It is estimated that Asia Pacific will exhibit a growth CAGR of 5.4% over the forecast period of 2012 to 2018.

Some of the prominent market players in the global thermoplastic elastomers include names such as BASF, Dow Chemical Company, Bayer, LCY Chemical,  Huntsman Corporation, Nippon, TSRC, LG Chemicals, and Dynasol among others. 

This study provides a comprehensive view of the thermoplastic elastomers industry, by segmenting and analyzing key thermoplastic elastomers, namely styrenic block copolymers (SBC), thermoplastic polyolefins (TPO), thermoplastic polyurethane (TPU), thermoplastic vulcanizates (TPV) and copolyester elastomers (COPE). Each of these segments has been analyzed and market data has been provided for the period from 2010 to 2018, both in terms of volumes (kilo tons) and revenue (USD million). The demand for each of the TPE product mentioned above is analyzed on the basis of application and geography (North America, Europe, Asia Pacific and Rest of the World). The report also analyzes which of the above mentioned types of TPE holds the potential of becoming an attractive market by using the market attractiveness analysis tool. 
 
This report analyzes and estimates the global demand for thermoplastic elastomers in terms of volumes (kilo tons) and revenues (USD million) from 2010 to 2018. The report analyzes various factors which are driving and restraining the global demand along with analyzing the impact of these factors over the forecasted period. The report also includes value chain analysis for better understanding of the supply chain of TPEs right from the raw material manufacturer to the end user. The report also analyzes the market using Porter’s five forces analysis.
 
For research, we have conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders. Primary research represents the bulk research effort coupled with extensive secondary research. We reviewed key players’ annual reports, product portfolio, press releases, and relevant documents for competitive analyses and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trades, internet sources, trade associations, statistical data from government websites and associated authorized agency websites. This has proved to be the most successful, effective, and reliable approach for obtaining concise data, capturing industry participants’ insights and recognizing opportunities and growth.
 
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings. It also includes internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases and market reports. News articles, press releases and web-casts specific to the companies operating in the market also serve as a part of secondary sources. 
 
We conduct primary interviews on an on-going basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills various functions. First-hand information is obtained on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in validating and strengthening the secondary research findings, and further develops the analysis team’s expertise and market understanding. The primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
 
The study includes extensive competitive landscape starting from the market share of the global TPEs market to company profiles of the major participants operating in the global market. Key market participants profiled in this report include Sinopec, Bayer, BASF, Kraton, Huntsman Corporation, Dow Chemical Company, LCY Chemical, Dynasol, Nippon, Yantai Wanhua, TSRC, LG Chemicals, Dushanzi and so on. The market players are profiled with attributes like company overview, financial overview, business strategies, SWOT analysis and recent developments in the field of thermoplastic elastomers.
 
The report analyzes the demand for each product type (SBCs, TPOs, TPUs, TPVs, COPEs & other) of TPEs on the basis of their application and geographies from 2010 to 2018 both in terms of volumes and revenues. The report includes in depth analysis for each segment of the report which would help in making effective decisions. The report segments the global thermoplastic elastomers market as:
 
Thermoplastic Elastomers Market, by Product Type:
  • Styrenic Block Copolymers (SBCs)
  • Thermoplastic Polyolefins (TPOs)
  • Thermoplastic Polyurethanes (TPUs)
  • Thermoplastic Vulcanizates (TPVs)
  • Copolyester Elastomers (COPEs)
  • Other Thermoplastic Elastomers (including Thermoplastic Polayamide)
Styrenic Block Copolymers (SBCs) Market, by Product Type:
  • Styrene Butadiene Styrene
  • Styrene Isoprene Styrene
  • Hydrogenated SBCs (including SEBS, SEPS, SEEPS)
Styrenic Block Copolymers (SBCs) Market, by Application:
  • Paving and Roofing
  • Footwear
  • Advanced Materials (compounding, personal care & polymer systems)
  • Adhesives, Sealants and Coatings
  • Other
Styrenic Block Copolymers (SBCs) Market, by Geography:
  • North America
  • Europe 
  • Asia Pacific
  • Rest of the World (RoW)
Thermoplastic Polyolefins (TPOs) Market, by Application:
  • Automotive
  • Other (including medical, construction, packaging etc)
Thermoplastic Polyolefins (TPOs) Market, by Geography:
  • North America
  • Europe 
  • Asia Pacific
  • Rest of the World (RoW)
Thermoplastic Polyurethanes (TPUs) Market, by Application:
  • Automotive
  • Construction
  • Electronics & Appliances
  • Hose & Tubing
  • Footwear
  • Wire & Cable
  • Others (industrial insulation, CASE etc)
Thermoplastic Polyurethanes (TPUs) Market, by Geography:
  • North America
  • Europe 
  • Asia Pacific
  • Rest of the World (RoW)
Thermoplastic Vulcanizates (TPVs) Market, by Application:
  • Automotive
  • Fluid Handling
  • Consumer Goods
  • Medical 
  • Other (including construction, appliances, tools)
Thermoplastic Vulcanizates (TPVs) Market, by Geography:
  • North America
  • Europe 
  • Asia Pacific
  • Rest of the World (RoW)
Copolyester Elastomers (COPEs) Market, by Application:
  • Automotive
  • Electrical & Electronics
  • Industrial
  • Medical 
  • Other (including construction & personal care)
Copolyester Elastomers (COPEs) Market, by Geography:
  • North America
  • Europe 
  • Asia Pacific
  • Rest of the World (RoW)


 
 
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