Thermoplastic Elastomers (TPE) Market Demand, Application, Growth, Overview, Share, Forecast 2030
Thermoplastic Elastomers Market Overview
Thermoplastic
elastomers (TPEs) are multifunctional polymeric materials that are processed in
the same way as plastic but possess rubber properties. TPEs exhibit excellent
performance characteristics such as shock absorption, cleanliness, easy
sterilization, dimensional stability, chemical, weather, and thermal
resistance, and flexibility. TPEs can be easily processed, molded, and recycled,
and hence production requires low energy costs and is eco-friendly. They are
mainly used in the automotive industry for fuel line coverings, side bumpers,
mudguard components, air vents, door handles, and door weather strips, among
others. In addition, TPEs find application in the building and construction,
home appliances, and healthcare industries.
The rising demand for
TPEs in the automotive industry is expected to propel market growth during the
forecast period. TPEs are used in the manufacturing of various vehicle
components to reduce weight, thus increasing the efficiency of vehicles. Due to
the expanding global population, the automotive industry is projected to grow
at a significant rate and is likely to boost the demand for thermoplastic elastomers
in the coming years. Moreover, TPEs are used in the manufacturing
of anti-vibration mounts, inlet pipes and exhaust manifolds, filter
housings seals, drum suspensions bushes, and door seals of washing machines and
dishwashers. Furthermore, the application of TPEs in the electrical and
footwear industries is likely to drive market growth during the review period.
Thermoplastic
Elastomers Market Segmentation Analysis
The thermoplastic
elastomers market has been
classified based on product, end-use industry, and region. Based on product,
the global thermoplastic elastomers market has been divided into vulcanizate,
styrenic block copolymer, polyurethane, polyamide, olefin, and others. By
end-use industry, the global thermoplastic elastomers market has been
segregated into automotive, building and construction, footwear, home
appliances, healthcare, and others. Asia-Pacific, North America, Europe, Latin
America, and the Middle East & Africa are the five regions studied for the
global thermoplastic elastomers market.
Access Full Report
Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/thermoplastic-elastomers-market-6344
Thermoplastic
Elastomers Market Regional Analysis
The global thermoplastic
elastomers industry share has been studied
with respect to five regions—Asia-Pacific, North America, Europe, Latin
America, and the Middle East & Africa. In 2017, Asia-Pacific accounted for
the largest share of the global thermoplastic elastomers market owing to the
high product demand in the automotive and footwear industries. The expanding
global population and rapid industrialization are expected to be the key
factors powering product demand in this region. Furthermore, the robust growth
of the building and construction industry is expected to propel the regional
market growth during the forecast period.
The US is projected to
be the leading market for TPEs in North America. This can be attributed to the
large number of automotive production plants, use of biodegradable products,
and advancements in the healthcare sector. The need for sustainability and
efficiency of vehicles and the increasing product demand in electrical
applications are likely to drive the growth of the regional market in Europe.
Lastly, the markets in Latin America and the Middle East & Africa are
projected to witness significant growth during the forecast period.
Get sample copy of
report at: https://www.marketresearchfuture.com/sample_request/6344
Key Players and
Competition Analysis
Some of the prominent
players in the global thermoplastic elastomers market are Timco Rubber (US),
Arkema (France), Huntsman International LLC (US), the Dow Chemical Company
(US), RTP Company (US), Covestro AG (Germany), Kraiburg TPE GmbH & Co.
KG (Germany), Tosoh Corporation (Japan), the Lubrizol Corporation (US), Teknor
Apex (US), Kent Elastomer Products (US), Altana AG (Germany), JSR Corporation
(Japan), and Elastron Kimya SAN. TİC. AŞ (Turkey).
Read more reports
details at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details
at: https://www.marketresearchfuture.com/infographics
Read more details
at: https://www.marketresearchfuture.com/videos
Comments
Post a Comment