HOME Top Market Reports Thermoplastic Elastomers Market by Type (SBC, TPU, Thermoplastic Polyolefins, TPV, Copolyester Ether Elastomers, and Polyether Block Amide), Application (Automotive, Building & Construction, Footwear, Engineering, and Medical) - Global Trends & Forecasts to 2020

Thermoplastic Elastomers Market by Type (SBC, TPU, Thermoplastic Polyolefins, TPV, Copolyester Ether Elastomers, and Polyether Block Amide), Application (Automotive, Building & Construction, Footwear, Engineering, and Medical) - Global Trends & Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: August 2015
Report Code: CH 1466

 

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Thermoplastic Elastomers (TPEs) are used to handle applications that require functions of both elastomers and thermoplastics for efficient functioning. TPEs have properties of both rubber as well as plastic. TPEs have application in automotive, building & construction, footwear, engineering, wires & cables, medical, and others. The report covers the TPEs market size in terms of volume (kilotons) and value (USD million) along with its segments, which are type, application, and region. TPEs are fast replacing the conventional plastics and are very easily and efficiently recycled which is further boosting their demand in various industries. The fluctuating petrochemical prices are a major restraint in the thermoplastic elastomers market. Medical is the fastest growing application for the thermoplastic elastomers during the forecast period. Styrenic Block Copolymers have the largest market share as of 2014 and is projected to retain its market position.

This study aims at estimating the global market of TPEs for 2014 and to project the expected demand of the same by 2020. This market research study provides a detailed qualitative and quantitative analysis of the global TPEs market. It provides a comprehensive review of key market drivers, restraints, opportunities, challenges, and key issues in the market. On the basis of region, the market is segmented into regions, such as Asia-Pacific, Europe, North America, and Rest of the World, which are further segmented into key countries in each region.

The market for thermoplastic elastomers is projected to grow at a CAGR of 8.0% during the period between 2015 and 2020 and reach 27.8 billion by 2020. Asia-Pacific will be the growth driver during the period of study. China has the largest market share and is the second fastest growing market in Asia-Pacific

Competitive scenarios of the top players in the TPEs market have been discussed in detail. Leading players of this industry are also profiled which include Arkema SA (France), BASF SE (Germany), Bayer AG (Germany), China Petroleum and Chemical Corporation (China), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.) Evonik Industries (Germany), Nippon Polyurethane Industry Company Limited (Japan), among others, with their recent developments and other strategic industry activities.

Scope of the Report:

This research report categorizes the global market for TPEs on the basis of type, application, and region along with forecasting volume, value, and trends in each of the markets.

On the basis of Type:

On the basis of type, the market is segmented as styrenic block copolymers, thermoplastic polyurethanes, thermoplastic polyolefins, thermoplastic vulcanizates, copolyester ether elastomers, and polyether block amide elastomers.

On the basis of Application:

On the basis of application, the market is segmented as automotive, building & construction, footwear, engineering, wires & cables, medical, and others.

On the basis of region

The market is segmented into regions, such as Asia-Pacific, Europe, North America, and Rest of the World, which are further segmented into key countries in each region. Countries such as the U.S., Canada, Mexico, Germany, France, Italy, China, India, Japan, South Korea, and Russia are covered in the report.

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Scope
           1.2.1 Market Definition
           1.2.2 Markets Covered
                    1.2.2.1 By Region
                    1.2.2.2 By Type, Application & Region
           1.2.3 Year
           1.2.4 Currency
           1.2.5 Package Size
           1.2.6 Limitations
    1.3 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Key Data From Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Key Data From Primary Sources
                    2.1.3.2 Key Industry Insights
                    2.1.3.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunity for Thermoplastic Elastomers

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Segmentation
           5.2.1 By Type
           5.2.2 By Application
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Replacement of EPDM & EPR
                    5.3.1.2 Advancement in the Tpe Processing Industry
                    5.3.1.3 Growing Demand From the Automotive Industry
           5.3.2 Restraints
                    5.3.2.1 Technological Challenges
                    5.3.2.2 Price Volatility
           5.3.3 Opportunities
                    5.3.3.1 Bio-Based Tpe
                    5.3.3.2 Emerging Applications
           5.3.4 Challenges
                    5.3.4.1 Intra Tpe Segment Replacement
           5.3.5 Winning Imperatives
                    5.3.5.1 Scope of High Applicability in Automobiles
                    5.3.5.2 Environmental Friendly – High Recyclability
           5.3.6 Burning Issues
                    5.3.6.1 Increasing Production & Investment in Asia-Pacific

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Value  Chain Analysis
                    6.2.1.1 Producers
                    6.2.1.2 Suppliers & Distributors
                    6.2.1.3 End-User Markets
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Threat of New Entrants
           6.3.3 Threat of Substitutes
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Rivalry

7 Thermoplastic Elastomers Market, By Type (Page No. - 49)
    7.1 Introduction
    7.2 Styrenic Block Copolymer
    7.3 Thermoplastic Polyurethane
    7.4 Thermoplastic Polyolefins
    7.5 Thermoplastic Vulcanizates
    7.6 Copolyester Ether Elastomers
    7.7 Polyether Block Amide Elastomers

8 Thermoplastic Elastomers Market, By Application (Page No. - 59)
    8.1 Introduction
    8.2 Automotive
    8.3 Building & Construction
    8.4 Footwear
    8.5 Engineering
    8.6 Wires & Cables
    8.7 Medical
    8.8 Other Applications

9 Thermoplastic Elastomers Market, By Region (Page No. - 70)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 Italy
           9.3.4 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Rest of Asia-Pacific
    9.5 RoW
           9.5.1 South America
           9.5.2 Russia
           9.5.3 Other RoW

10 Competitive Landscape (Page No. - 133)
     10.1 Overview
     10.2 New Product Launch: Most Popular Growth Strategy Between 2012 and 2015
             10.2.1 New Product Launch
             10.2.2 Merger & Acquisition
             10.2.3 Expansions
             10.2.4 Agreements & Collaborations
             10.2.5 Partnerships & Contracts
             10.2.6 Research & Development

11 Company Profiles (Page No. - 144)
     11.1 Introduction
     11.2 Arkema SA
             11.2.1 Business Overview
             11.2.2 Products Offered
             11.2.3 Recent Developments
             11.2.4 SWOT Analysis
             11.2.5 MnM View
     11.3 BASF SE
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 Recent Developments
             11.3.4 SWOT Analysis
             11.3.5 MnM View
     11.4 Bayer AG
             11.4.1 Business Overview
             11.4.2 Products Offered
             11.4.3 Recent Developments
             11.4.4 SWOT Analysis
             11.4.5 MnM View
     11.5 China Petroleum & Chemical Corporation
             11.5.1 Business Overview
             11.5.2 Products Offered
             11.5.3 Recent Developments
             11.5.4 MnM View
     11.6 The DOW Chemical Company
             11.6.1 Business Overview
             11.6.2 Products
             11.6.3 Recent Developments
             11.6.4 SWOT Analysis
             11.6.5 MnM View
     11.7 Evonik Industries AG
             11.7.1 Business Overview
             11.7.2 Products Offered
             11.7.3 Recent Developments
             11.7.4 SWOT Analysis
             11.7.5 MnM View
     11.8 Huntsman Corporation
             11.8.1 Business Overview
             11.8.2 Products Offered
             11.8.3 Recent Developments
             11.8.4 SWOT Analysis
             11.8.5 MnM View
     11.9 Nippon Polyurethane Industry Company Ltd.
             11.9.1 Business Overview
             11.9.2 Products Offered
     11.10 Teknor APEX Company
             11.10.1 Business Overview
             11.10.2 Products Offered
             11.10.3 Recent Developments
     11.11 Lubrizol Corporation
             11.11.1 Business Overview
             11.11.2 Products Offered
             11.11.3 Recent Developments
             11.11.4 MnM View

12 Appendix (Page No. - 175)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (118 Tables)

Table 1 Replacement of EPDM & EPR, Advancement in Tpe Processing and Demand From Automotive Industry
Table 2 Technological Challenges & Price Volatility are Acting as Restraints
Table 3 Bio-Based Tpe and Emerging Applications are Providing New Oppurtunities for Growth of Tpe
Table 4 Intra Tpe Segment Replacement is the Key Challenge in the Market
Table 5 Styrenic Block Copolymer Market Size (Kilotons) & ( USD Million), 2013-2020
Table 6 Thermoplastic Polyurethane Market Size (Kilotons) & (USD Million), 2013-2020
Table 7 Thermoplastic Polyolefins Market Size (Kilotons) & (USD Million), 2013-2020
Table 8 Thermoplastic Vulcanizates Market Size (Kilotons) & (USD Million), 2013-2020
Table 9 Copolyester Ether Elastomers Market Size (Kilotons) & (USD Million), 2013-2020
Table 10 Polyether Block Amide Elastomers Market Size (Kilotons) & (USD Million), 2013-2020
Table 11 Thermoplastic Elastomers Market Size, By Application, (USD Million), 2013-2020
Table 12 Thermoplastic Elastomers Market Size, By Application, (Kilotons), 2013-2020
Table 13 Thermoplastic Elastomers Market Size in Automotive (Kilotons) & (USD Million), 2013-2020
Table 14 Thermoplastic Elastomers Market Size in Building & Construction (Kilotons) & (USD Million), 2013-2020
Table 15 Thermoplastic Elastomers Market Size in Footwear (Kilotons) & (USD Million), 2013-2020
Table 16 Thermoplastic Elastomers Market Size in Engineering (Kilotons) & (USD Million), 2013-2020
Table 17 Thermoplastic Elastomers Market Size in Wires & Cables (Kilotons) & (USD Million), 2013-2020
Table 18 Thermoplastic Elastomers Market Size in Medical (Kilotons) & (USD Million), 2013-2020
Table 19 Thermoplastic Elastomers Market Size in Other Applications (Kilotons) & (USD Million), 2013-2020
Table 20 Thermoplastic Elastomers Market Size, By Region, 2013-2020 (Kilotons)
Table 21 Thermoplastic Elastomers Market Size, By Region, 2013-2020 (USD Million)
Table 22 North America: Thermoplastic Elastomers Market Size, By Country, 2013-2020 (Kilotons)
Table 23 North America: Thermoplastic Elastomers Market Size, By Country, 2013-2020 (USD Million)
Table 24 North America: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 25 North America: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 26 North America: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 27 North America: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 28 U.S.: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 29 U.S.: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 30 U.S.: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 31 U.S.: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 32 Canada: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 33 Canada: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 34 Canada: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 35 Canada: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 36 Mexico: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 37 Mexico: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 38 Mexico: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 39 Mexico: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 40 Europe: Thermoplastic Elastomers Market Size, By Country, 2013-2020 (Kilotons)
Table 41 Europe: Thermoplastic Elastomers Market Size, By Country, 2013-2020 (USD Million)
Table 42 Europe: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 43 Europe: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 44 Europe: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 45 Europe: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 46 Germany: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 47 Germany: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 48 Germany: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 49 Germany: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 50 France: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 51 France: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 52 France: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 53 France: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 54 Italy: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 55 Italy: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 56 Italy: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 57 Italy: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 58 Rest of Europe: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 59 Rest of Europe: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 60 Rest of Europe: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 61 Rest of Europe: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 62 Asia-Pacific: Thermoplastic Elastomers Market Size, By Country, 2013-2020 (Kilotons)
Table 63 Asia-Pacific: Thermoplastic Elastomers Market Size, By Country, 2013-2020 (USD Million)
Table 64 Asia-Pacific: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 65 Asia-Pacific: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 66 Asia-Pacific: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 67 Asia-Pacific: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 68 China: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 69 China: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 70 China: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 71 China: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 72 Japan: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 73 Japan: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 74 Japan: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 75 Japan: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 76 India: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 77 India: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 78 India: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 79 India: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 80 South Korea: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 81 South Korea: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 82 South Korea: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 83 South Korea: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 84 Rest of Asia-Pacific: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 85 Rest of Asia-Pacific: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 86 Rest of Asia-Pacific: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 87 Rest of Asia-Pacific: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 88 RoW: Thermoplastic Elastomers Market Size, 2013-2020 (Kilotons)
Table 89 RoW: Thermoplastic Elastomers Market Size, 2013-2020 (USD Million)
Table 90 RoW: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 91 RoW: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 92 RoW: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 93 RoW: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 94 South America: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 95 South America: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 96 South America: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 97 South America: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 98 Russia: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 99 Russia: Thermoplastic Elastomers Market , By Type, 2013-2020 (USD Million)
Table 100 Russia: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 101 Russia: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 102 Other RoW: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (Kilotons)
Table 103 Other RoW: Thermoplastic Elastomers Market Size, By Type, 2013-2020 (USD Million)
Table 104 Other RoW: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (Kilotons)
Table 105 Other RoW: Thermoplastic Elastomers Market Size, By Application, 2013-2020 (USD Million)
Table 106 New Product Launch
Table 107 Mergers & Acquisitions
Table 108 Expansion
Table 109 Agreements & Collaborations
Table 110 Partnership & Contracts
Table 111 Research & Development
Table 112 Products Offered
Table 113 Products Offered
Table 114 Bayer AG: Products Offered
Table 115 China Petroleum & Chemical Corporation : Products Offered
Table 116 The DOW Chemical Company: Products & Their Function
Table 117 Evonik Industries AG.: Products Offered
Table 118 Huntsman Corporation: Products Offered


List of Figures (57 Figures)

Figure 1 Research Methodology
Figure 2 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation: Thermoplastic Elastomers Market
Figure 6 Styrenic Block Copolymer is Projected to Be the Dominant Type of Thermoplastic Elastomers, 2015 Vs.2020 (Tons)
Figure 7 Asia-Pacific Led the Thermoplastic Elastomers Market in 2014, By Volume
Figure 8 Thermoplastic Elastomers Market Size, 2015 vs 2020 (USD Million)
Figure 9 Asia-Pacific to Be the Fastest-Growing Region & Fluorosilicone Elastomer to Be the Fastest-Growing Type (2015-2020)
Figure 10 Asia-Pacific is Expected to Dominate the Global Thermoplastic Elastomers Market (2015-2020)
Figure 11 Thermoplastic Elastomers Market Segmentation: By Type
Figure 12 Thermoplastic Elastomers Market, By Application
Figure 13 Thermoplastic Elastomers Market: Market Dynamics
Figure 14 Thermoplastic Elastomers Market: Supply Chain Analysis
Figure 15 Porter’s Five Forces Analysis
Figure 16 Styrenic Block Copolymer is the Largest Segment Followed By Thermoplastic Polyolefins
Figure 17 RoW is Projected to Be the Fastest Growing Market By Volume for  Styrenic Block Copolymer Between 2015 and 2020
Figure 18 Thermoplastic Polyurethane Market By Volume is Projected to Be Dominated By Asia-Pacific During the Forecast Period
Figure 19 North America to Lead in Terms of Demand of Thermoplastic Polyolefins Between 2015 and 2020
Figure 20 Asia-Pacific to Lead in Terms of Growth Rate of Thermoplastic Vulcanizates Demand Between 2015 and 2020
Figure 21 North America is Expected to Dominate the Copolyester Ether Elastomers Demand By 2020
Figure 22 Europe to Lead the Polyether Block Amide Elastomers Demand Till 2020
Figure 23 Thermoplastic Elastomer Applications
Figure 24 Automotive Segment Projected to Remain the Largest Application for Thermoplastic Elastomers Through 2020
Figure 25 Asia-Pacific to Lead the Growth of Thermoplastic Elastomers Market in Automotive Segment Between 2015 & 2020
Figure 26 North America is Projected to Remain the Largest Market for Thermoplastic Elastomers in Building & Construction Segment Through 2020
Figure 27 Asia-Pacific is Projected to Dominate Thermoplastic Elastomers Market in Footwear Segment By 2020
Figure 28 Asia-Pacific is Projected to Dominate Thermoplastic Elastomers Market in Engineering Segment By 2020
Figure 29 Asia-Pacific is Projected to Dominate Thermoplastic Elastomers Market in Wires & Cables Segment By 2020
Figure 30 North America is Projected to Dominate Thermoplastic Elastomers Demand in Medical Segment By 2020
Figure 31 Asia-Pacific is Projected to Witness Highest Growth in Thermoplastic Elastomers Market in Others Application Between 2015 & 2020
Figure 32 Regional Snapshot – Rapid Growth Markets are Emerging as New Hotspots
Figure 33 North American Market Snapshot: Increase in Consumption of Thermoplastic Elastomers, 2015-2020
Figure 34 European Market Snapshot: Country-Wise Consumption of Thermoplastic Elastomers in Automotive, Building & Cosntruction and Footwear Industry
Figure 35 Germany Market Snapshot: Thermoplastic Elastomers Consumption  By Type
Figure 36 Asia-Pacific Snapshot: China Dominates the Consumption of Thermoplastic Elastomers in Asia-Pacific
Figure 37 China Market Snapshot: Consumption of Thermoplastic Elastomers Between 2015 and 2020
Figure 38 Major Companies Market Developments in Thermoplastic Elastomers Market, 2012-2015
Figure 39 Companies Adopted New Product Launch as the Key Growth Strategy Over the Last Five Years
Figure 40 Top Companies Adopted New Product Launch as the Key Growth Strategy Between 2012 and 2015 
Figure 41 Major Growth Strategies for Acquiring Market Share, 2012-2015
Figure 42 Arkema SA: Company Snapshot
Figure 43 Arkema SA: SWOT Analysis
Figure 44 BASF SE: Company Snapshot
Figure 45 BASF SE: SWOT Analysis
Figure 46 Bayer AG: Company Snapshot
Figure 47 Bayer AG: SWOT Analysis
Figure 48 China Petroleum & Chemical Corporation: Company Snapshot
Figure 49 The DOW Chemical Company: Company Snapshot
Figure 50 The DOW Chemical Company: SWOT Analysis
Figure 51 Evonik Industries AG: Company Snapshot
Figure 52 Evonik AG.: SWOT Analysis
Figure 53 Huntsman Corporation: Company Snapshot
Figure 54 Huntsman Corporation: SWOT Analysis
Figure 55 Nippon Polyurethane Industry Company Ltd.: Company Snapshot
Figure 56 Teknor APEX Company: Company Snapshot
Figure 57 Lubrizol Corporation: Company Snapshot

Automotive, building & construction, footwear, engineering, wires & cables, medical, and others are the key applications of thermoplastic elastomers (TPEs). Among these automotive is expected to remain the dominant application of TPEs with its steady growth. The TPEs market is expected to grow at a healthy growth rate in next five years driven by the growing sales of tire and other rubber products from automotive industry. TPEs are being used in various applications in the last few years and the demand is expected to increase in emerging applications, such as wires & cables and medical.

The market for thermoplastic elastomers is projected to grow at a CAGR of 8.0% to reach each 27.8 Billion by 2020.

Globally, Asia-Pacific accounted for the largest share of the TPEs market in 2014, followed by North America and Europe. China was the single largest market globally which accounted for more than 24% of the global demand in 2014 whereas India is expected to register a higher growth rate. The U.S. and other Asia-Pacific countries, such as India and Japan have also accounted for a significant share of TPEs market.

New product launch and mergers & acquisitions are the key strategies on which market players are concentrating on. Companies operating in the TPEs market are also focusing on capacity expansions and agreements to tap the opportunities in applications, such as footwear, engineering, building & construction, and medical.

Key players of TPEs in North America include The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), Lubrizol Corporation (U.S.), Teknor Apex Company (U.S.). In Europe, BASF SE (Germany), Arkema SA (France), Bayer AG (Germany), Evonik Industries (Germany) are renowned players. China Petroleum and Chemical Corporation (China) and Nippon Polyurethane Industry Company Limited (Japan) are the key participants in the TPEs market in Asia-Pacific.

Thermoplastic Elastomer Market

The TPEs market will be driven by replacement of EPDM and EPR by thermoplastic elastomers. Growing automobiles sales is also expected to drive the TPEs demand in the forecast period. However, volatility in the prices of TPEs and technological challenges are the key restraining factors for this market.

The report analyzes the market on the basis of market reach of each application in each major region and country. It also covers the market behavior of leading producers, key developments, and strategies implemented to sustain in this market.

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