Thermoplastic Elastomers Market by Type (SBC, TPO, TPV, COPE, PEBA), End-use Industry (Automotive, Building & Construction, Footwear, Engineering, Medical, Wires & Cables), Region - Global Forecast to 2022

The thermoplastic elastomers market was valued at USD 20.88 Billion in 2016 and is projected to reach USD 28.27 Billion by 2022, at a CAGR of 5.2% during the forecast period from 2017 to 2022. The base year considered for the study is 2016, while the forecast period is from 2017 to 2022.

The objectives of the report are as follows:

• To define, describe, and forecast the thermoplastic elastomers market on the basis of type, end-use industry, and region
• To identify the factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the thermoplastic elastomers market during the forecast period
• To forecast the size of the thermoplastic elastomers market, in terms of number of units and value
• To analyze the detailed segmentation of the thermoplastic elastomers market and forecast the market size, in terms of number of units and value for the five key regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America
• To analyze the competitive developments, such as expansions, new product developments, supply contracts, and mergers & acquisitions in the thermoplastic elastomers market
• To profile the leading players operating in the thermoplastic elastomers market and identify their core competencies

Research Methodology

Both, top-down and bottom-up approaches have been used to estimate and validate the sizes of the thermoplastic elastomers market and various other dependent submarkets. The research study involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for this technical, market-oriented, and commercial study of the thermoplastic elastomers market.

To know about the assumptions considered for the study, download the pdf brochure

Some of the major players operating in the thermoplastic elastomers market include Arkema SA (France), Asahi Kasei Corporation (China), Covestro AG (Germany), Evonik Industries AG (Germany), Kraton Corporation (U.S.), Lubrizol Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), PolyOne Corporation (U.S.), Sinopec Group (China), Teknor Apex Company (U.S.), The Dow Chemical Company (U.S.), and Tosoh Corporation (Japan).

Key Target Audience:

• Manufacturers, Dealers, and Suppliers of Thermoplastic Elastomers
• Thermoplastic Elastomers Manufacturing Plant Developers and Related Service Providers
• Companies Manufacturing Auto Parts
• Investors

Scope of the Report:

This research report categorizes the thermoplastic elastomers market on the basis of type, end-use industry, and region.

Thermoplastic Elastomers Market, by Type:

• Styrenic Block Copolymers
• Thermoplastic Polyolefins
• Thermoplastic Polyurethanes
• Thermoplastic Vulcanizates
• Copolyester Ether Elastomers
• Polyether Block Amide Elastomers

Thermoplastic Elastomers Market, by Application:

• Automotive
• Building & Construction
• Footwear
• Engineering
• Medical
• Wires & Cables
• Others

Thermoplastic Elastomers Market, by Region:

• Asia-Pacific
• Europe
• North America
• Middle East & Africa
• South America

The market has been further analyzed for the key countries in each of these regions.

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Country Information:

• Thermoplastic elastomers market analysis for additional countries

Company Information:

• Detailed analysis and profiling of additional market players (up to 5)

Pricing Analysis:

• Detailed pricing analysis for each type of thermoplastic elastomers

Market Dynamics

Leading TPE manufacturers are developing sustainable and innovative solutions for existing and new applications of TPE to drive the industry forward

TPE Business Ecosystem:

Automotive

Automotive is the largest end-user industry of thermoplastic elastomers. They are used for exterior body parts, such as exterior filler panels, wipers, rocker panels, body seals, automotive gaskets, door and window handles, and vibration damping pads. Recent developments in thermoplastic elastomers have made them suitable for under-the-hood applications, such as belts and hoses, clamps, fuel lines, buffer blocks for bonnets and boots, bellows, and weather strippings, such as water and sound proofing.

Teknor Apex Company is one of the companies that are at the forefront of new product development for automotive applications. The company launched Sarlink ML-2355B and Sarlink 6700 Series (TPV) products to cater to different needs of the automotive industry, in 2016 and 2017, respectively.

Wire & Cable

Thermoplastic elastomers are used in the wires & cables industry because of their inherent softness and excellent scratch and abrasion resistance. Other properties of TPE, such as high flame retardant and UV-resistance, excellent electrical insulation, and weather resistance provide higher safety, making them suitable for wires & cables-related applications. In this industry, TPE is used for molded fittings, case covers, thermal jacketing, wire & cable coatings, and power cables.

Medical

Thermoplastic elastomers in medical applications are used in syringes, materials with high barrier resistance properties or gel-soft cushioning, seals, stoppers, vial caps, tubing, bags, bottles, films, and soft touch cushions for glucose measuring devices. Companies such as Arkema SA, Sinopec Group, Teknor Apex, and Lubrizol Corporation are the leading suppliers of medical grade TPE across all the regions.

There is a long list of such new product developments and unique formulations for a range of other end-use industries such as building & construction, footwear, engineering, sporting goods, consumer goods, and hoses & tubes.

Key Questions

• What are the revenue pockets for thermoplastic elastomer manufacturers in various markets?
• Almost all the TPE types can replace each other generating a tradeoff between cost and performance. What is the impact of this tradeoff in different regional markets?
• Most of the suppliers have opted for new product development as the key strategies as could be seen from the recent developments. What are the technical challenges?
• Which are the substitute products and how big is the threat from them?

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Thermoplastic Elastomers Market
    4.2 Asia-Pacific Thermoplastic Elastomers Market, By End-Use Industry and Country, 2016
    4.3 Thermoplastic Elastomer Market By Region and End-Use Industry
    4.4 Global Thermoplastic Elastomers Market Attractiveness

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Advancement in the Thermoplastic Elastomer Processing Industry
                    5.2.1.2 Replacement of Thermoset Rubber
                    5.2.1.3 Growing Demand From the Automotive Industry
           5.2.2 Restraints
                    5.2.2.1 Price Volatility
                    5.2.2.2 Technical Limitations
           5.2.3 Opportunities
                    5.2.3.1 Bio-Based Thermoplastic Elastomer
                    5.2.3.2 Increasing Demand From Emerging Applications
           5.2.4 Challenges
                    5.2.4.1 Intra Thermoplastic Elastomer Segment Replacement
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Threat of New Entrants
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Overview and Key Drivers
           5.4.1 Trends in the Passenger Cars Segment, 2010–2016
           5.4.2 Trends in the Infrastructure & Construction Industry
           5.4.3 Trends in the Footwear Industry

6 Thermoplastic Elastomers Market, By Type (Page No. - 53)
    6.1 Introduction
    6.2 Styrenic Block Copolymer
    6.3 Thermoplastic Polyurethane
    6.4 Thermoplastic Polyolefins
    6.5 Thermoplastic Vulcanizates
    6.6 Copolyester Ether Elastomers
    6.7 Polyether Block Amide Elastomers

7 Thermoplastic Elastomers Market, By End-Use Industry (Page No. - 65)
    7.1 Introduction
    7.2 Automotive
    7.3 Building & Construction
    7.4 Footwear
    7.5 Engineering
    7.6 Wires & Cables
    7.7 Medical
    7.8 Other End-Use Industries

8 Thermoplastic Elastomers Market, By Region (Page No. - 79)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 Germany
           8.3.2 U.K.
           8.3.3 France
           8.3.4 Russia
           8.3.5 Italy
           8.3.6 Turkey
           8.3.7 Rest of Europe
    8.4 Asia-Pacific
           8.4.1 China
           8.4.2 Japan
           8.4.3 South Korea
           8.4.4 India
           8.4.5 Taiwan
           8.4.6 Indonesia
           8.4.7 Rest of Asia-Pacific
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
           8.5.2 South Africa
           8.5.3 Rest of the Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of the South America

9 Competitive Landscape (Page No. - 148)
    9.1 Introduction
           9.1.1 Vanguards
           9.1.2 Innovators
           9.1.3 Dynamic
           9.1.4 Emerging
    9.2 Dive Chart
    9.3 Competitive Benchmarking
           9.3.1 Product Offerings
           9.3.2 Business Strategy
    9.4 Market Ranking of Key Players

10 Company Profiles (Page No. - 154)
(Business Overview, Products Offered, Product Offerings Scorecard, Business Strategy Scorecard, Recent Developments)*
     10.1 Arkema SA
     10.2 BASF SE
     10.3 The DOW Chemical Company
     10.4 Covestro AG
     10.5 Huntsman Corporation
     10.6 Evonik Industries AG
     10.7 Sinopec Group
     10.8 Teknor APEX Company
     10.9 Lubrizol Corporation
     10.10 Tosoh Corporation
     10.11 Other Companies
             10.11.1 Lyondellbasell Industries N.V.
             10.11.2 Kraton Corporation
             10.11.3 Wanhua Chemical Group Co., Ltd.
             10.11.4 Advanced Elastomer Systems, L.P.
             10.11.5 TSRC Corporation
             10.11.6 Polyone Corporation
             10.11.7 LCY Chemical Corporation
             10.11.8 LG Chemicals
             10.11.9 Asahi Kasei Corporation
             10.11.10 Zeon Corporation
             10.11.11 Celanese Corporation
             10.11.12 Perstop
             10.11.13 CHI MEI Corporation
             10.11.14 Kuraray Company Ltd.
             10.11.15 Sumitomo Chemical Company Ltd.

*Details on Business Overview, Products Offered, Product Offerings Scorecard, Business Strategy Scorecard, Recent Developments might not be captured in case of unlisted companies.

11 Appendix (Page No. - 185)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets Subscription Portal
     11.4 Introducing RT: Real Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details

List of Tables (156 Tables)

Table 1 Passenger Cars Sales Growth, By Country, 2011–2016
Table 2 List of Mega Construction Projects Both Under Development and Proposed, By Region, 2015
Table 3 Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 4 Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 5 Styrenic Block Copolymer Market Size, By Region, 2015–2022 (Kiloton)
Table 6 Styrenic Block Copolymer Market Size, By Region, 2015–2022 (USD Million)
Table 7 Thermoplastic Polyurethane Market Size, By Region, 2015–2022 (Kiloton)
Table 8 Thermoplastic Polyurethane Market Size, By Region, 2015–2022 (USD Million)
Table 9 Thermoplastic Polyolefins Market Size, By Region, 2015–2022 (Kiloton)
Table 10 Thermoplastic Polyolefins Market Size, By Region, 2015–2022 (USD Million)
Table 11 Thermoplastic Vulcanizates Market Size, By Region, 2015–2022 (Kiloton)
Table 12 Thermoplastic Vulcanizates Market Size, By Region, 2015–2022 (USD Million)
Table 13 Copolyester Ether Elastomers Market Size, By Region, 2015–2022 (Kiloton)
Table 14 Copolyester Ether Elastomers Market Size, By Region, 2015–2022 (USD Million)
Table 15 Polyether Block Amide Elastomers Market Size, By Region, 2015–2022 (Kiloton)
Table 16 Polyether Block Amide Elastomers Market Size, By Region, 2015–2022 (USD Million)
Table 17 Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 18 Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 19 Thermoplastic Elastomers Market in Automotive Industry, By Region, 2015–2022 (Kiloton)
Table 20 Thermoplastic Elastomers Market in Automotive Industry, By Region, 2015–2022 (USD Million)
Table 21 Thermoplastic Elastomers Market in Building & Construction Industry, By Region, 2015–2022 (Kiloton)
Table 22 Thermoplastic Elastomers Market in Building & Construction Industry, By Region, 2015–2022 (USD Million)
Table 23 Thermoplastic Elastomers Market in Footwear Industry, By Region, 2015–2022 (Kiloton)
Table 24 Thermoplastic Elastomers Market in Footwear Industry, By Region, 2015–2022 (USD Million)
Table 25 Thermoplastic Elastomers Market in Engineering Industry, By Region, 2015–2022 (Kiloton)
Table 26 Thermoplastic Elastomers Market in Engineering Industry, By Region, 2015–2022 (USD Million)
Table 27 Thermoplastic Elastomers Market in Wires & Cables Industry, By Region, 2015–2022 (Kiloton)
Table 28 Thermoplastic Elastomers Market in Wires & Cables Industry, By Region, 2015–2022 (USD Million)
Table 29 Thermoplastic Elastomers Market in Medical Industry, By Region, 2015–2022 (Kiloton)
Table 30 Thermoplastic Elastomers Market in Medical End-Use Industry, By Region, 2015–2022 (USD Million)
Table 31 Thermoplastic Elastomers Market in Other End-Use Industries, By Region, 2015–2022 (Kiloton)
Table 32 Thermoplastic Elastomers Market in Other End-Use Industries, By Region, 2015–2022 (USD Million)
Table 33 Thermoplastic Elastomers Market Size, By Region, 2015–2022 (Kiloton)
Table 34 Thermoplastic Elastomers Market Size, By Region, 2015–2022 (USD Million)
Table 35 North America: Thermoplastic Elastomers Market Size, By Country, 2015–2022 (Kiloton)
Table 36 North America: Thermoplastic Elastomers Market Size, By Country, 2015–2022 (USD Million)
Table 37 North America: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 38 North America: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 39 North America: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 40 North America: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 41 U.S.: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 42 U.S.: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 43 U.S.: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 44 U.S.: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 45 Canada: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 46 Canada: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 47 Canada: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 48 Canada: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 49 Mexico: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 50 Mexico: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 51 Mexico: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 52 Mexico: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 53 Europe: Thermoplastic Elastomers Market Size, By Country, 2015–2022 (Kiloton)
Table 54 Europe: Thermoplastic Elastomers Market Size, By Country, 2015–2022 (USD Million)
Table 55 Europe: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 56 Europe: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 57 Europe: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 58 Europe: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 59 Germany: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 60 Germany: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 61 Germany: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 62 Germany: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 63 U.K.: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 64 U.K.: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 65 U.K.: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 66 U.K.: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 67 France: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 68 France: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 69 France: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 70 France: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 71 Russia: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 72 Russia: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 73 Russia: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 74 Russia: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 75 Italy: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 76 Italy: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 77 Italy: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 78 Italy: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 79 Turkey: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 80 Turkey: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 81 Turkey: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 82 Turkey: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 83 Rest of Europe: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 84 Rest of Europe: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 85 Rest of Europe: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 86 Rest of Europe: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 87 Asia-Pacific: Thermoplastic Elastomers Market Size, By Country, 2015–2022 (Kiloton)
Table 88 Asia-Pacific: Thermoplastic Elastomers Market Size, By Country, 2015–2022 (USD Million)
Table 89 Asia-Pacific: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 90 Asia-Pacific: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 91 Asia-Pacific: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 92 Asia-Pacific: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 93 China: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 94 China: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 95 China: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 96 China: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 97 Japan: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 98 Japan: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 99 Japan: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 100 Japan: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 101 South Korea: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 102 South Korea: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 103 South Korea: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 104 South Korea: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 105 India: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 106 India: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 107 India: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 108 India: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 109 Taiwan: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 110 Taiwan: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 111 Taiwan: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 112 Taiwan: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 113 Indonesia: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 114 Indonesia: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 115 Indonesia: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 116 Indonesia: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 117 Rest of Asia-Pacific: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 118 Rest of Asia-Pacific: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 119 Rest of Asia-Pacific: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 120 Rest of Asia-Pacific: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 121 Middle East & Africa: Thermoplastic Elastomers Market Size, By Country, 2015–2022 (Kiloton)
Table 122 Middle East & Africa: Thermoplastic Elastomers Market Size, By Country, 2015–2022 (USD Million)
Table 123 Middle East & Africa: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 124 Middle East & Africa: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 125 Middle East & Africa: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 126 Middle East & Africa: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 127 Saudi Arabia: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 128 Saudi Arabia: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 129 Saudi Arabia: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 130 Saudi Arabia: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 131 South Africa: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 132 South Africa: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 133 South Africa: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 134 South Africa: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 135 Rest of Middle East & Africa: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 136 Rest of Middle East & Africa: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 137 Rest of Middle East & Africa: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 138 Rest of Middle East & Africa: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 139 South America: Thermoplastic Elastomers Market Size, By Country, 2015–2022 (Kiloton)
Table 140 South America: Thermoplastic Elastomers Market Size, By Country, 2015–2022 (USD Million)
Table 141 South America: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 142 South America: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 143 South America: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 144 South America: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 145 Brazil: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 146 Brazil: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 147 Brazil: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 148 Brazil: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 149 Argentina: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 150 Argentina: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 151 Argentina: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 152 Argentina: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 153 Rest of the South America: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 154 Rest of the South America: Thermoplastic Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 155 Rest of the South America: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 156 Rest of the South America: Thermoplastic Elastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)

List of Figures (46 Figures)

Figure 1 Thermoplastic Elastomers: Market Segmentation
Figure 2 Thermoplastic Elastomers Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Thermoplastic Elastomers Market: Data Triangulation
Figure 6 Styrenic Block Copolymers to Dominate Thermoplastic Elastomers Market By 2022
Figure 7 Automotive Industry to Lead the Thermoplastic Elastomers Market Between 2017 and 2022
Figure 8 Asia-Pacific Thermoplastic Elastomers Market to Witness Significant Growth During the Forecast Period
Figure 9 India is Projected to Register A High CAGR During the Forecast Period
Figure 10 Growing Demand From Automotive Industry to Drive the Thermoplastic Elastomers Market
Figure 11 Automotive Segment Accounted for the Largest Share of the Thermoplastic Elastomers Market in Asia-Pacific
Figure 12 Automotive and Building & Construction Industries Accounted for Major Share in the Global Thermoplastic Elastomers Market
Figure 13 Asia-Pacific to Be the Fastest-Growing Market During the Forecast Period
Figure 14 Factors Governing the Thermoplastic Elastomers Market
Figure 15 Thermoplastic Elastomers: Porter’s Five Forces Analysis
Figure 16 Mega Construction Projects Both Under Development and Proposed, By Region, 2015
Figure 17 Global Footwear Production, By Country, 2015
Figure 18 Styrenic Block Copolymer Led Thermoplastic Elastomers Market in 2016
Figure 19 Asia-Pacific to Be the Fastest-Growing Market for Styrenic Block Copolymer Between 2017 and 2022
Figure 20 Asia-Pacific to Dominate Thermoplastic Polyurethane Market During Forecast Period
Figure 21 Asia-Pacific to Lead Thermoplastic Polyolefins Market Between 2017 and 2022
Figure 22 Asia-Pacific to Register the Highest CAGR in Tpv Segment Between 2017 and 2022
Figure 23 Asia-Pacific Leads Copolyester Ether Elastomers Market
Figure 24 Asia-Pacific to Lead Polyether Block Amide Elastomers Market Between 2017 and 2022
Figure 25 Thermoplastic Elastomers Market, By End-Use Industry
Figure 26 Automotive Was the Largest End-Use Industry of Thermoplastic Elastomers Market in 2016
Figure 27 Asia-Pacific to Lead Thermoplastic Elastomers Market in Automotive Segment Between 2017 and 2022
Figure 28 Asia-Pacific to Be the Largest Market for Thermoplastic Elastomers in Building & Construction Industry
Figure 29 Asia-Pacific Leads Thermoplastic Elastomers Market in Footwear Industry
Figure 30 Asia-Pacific to Be the Largest Market in Engineering Segment During Forecast Period
Figure 31 Asia-Pacific to Dominate Thermoplastic Elastomers Market in Wires & Cables Industry Between 2017 and 2022
Figure 32 Asia-Pacific to Dominate Thermoplastic Elastomers Market in Medical Industry By 2022
Figure 33 Asia-Pacific to Be the Largest Market in Others Segment Between 2017 and 2022
Figure 34 Regional Snapshot: Rapidly Growing Markets are Emerging as New Strategic Locations
Figure 35 North America Market Snapshot: U.S. and Mexico are the Most Lucrative Markets
Figure 36 Automotive Was the Leading End-Use Industry of Thermoplastic Elastomers in Europe in 2016
Figure 37 Automotive Was the Largest End-Use Industry of Thermoplastic Elastomers in 2016
Figure 38 Asia-Pacific Snapshot: China Dominates the Thermoplastic Elastomers Market
Figure 39 Arkema SA: Company Snapshot
Figure 40 BASF SE: Company Snapshot
Figure 41 The DOW Chemical Company: Company Snapshot
Figure 42 Covestro AG: Company Snapshot
Figure 43 Huntsman Corporation: Company Snapshot
Figure 44 Evonik Industries AG: Company Snapshot
Figure 45 Lubrizol Corporation: Company Snapshot
Figure 46 Tosoh Corporation: Company Snapshot

The thermoplastic elastomers market is projected to reach USD 28.27 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022. Thermoplastic elastomers are used in several end-use industries, such as automotive, building & construction, footwear, engineering, medical, wires & cables, and others. The increasing usage of thermoplastic elastomers in these end-use industries is expected to drive the growth of the thermoplastic elastomers market during the forecast period.

On the basis of the type, the thermoplastic elastomers market has been segmented into styrenic block copolymers (SBC), thermoplastic polyurethanes (TPU), thermoplastic vulcanizates (TPV), thermoplastic polyolefins (TPO), copolyester ether elastomers (COPE), and polyether block amide elastomers (PEBA).

In terms of volume, the styrenic block copolymers (SBC) type segment led the thermoplastic elastomers market in 2016. The styrenic block copolymers (SBC) are also called third-generation synthetic rubbers. They are mostly used in the form of a mixture with other polymers, oils, and fillers. They can be processed repeatedly and molded easily. Styrenic block copolymers (SBC) are the most inexpensive type of thermoplastic elastomers available in the market.

Among different types of thermoplastic elastomers, copolyester ether elastomers (COPE) show the highest resistance to deformation. They are used as secondary containment liners for underground storage tanks in the building & construction industry. Their high resistance to oils and chemicals and high-temperature stability make them highly suitable for applications in the automotive and medical industries. The copolyester ether elastomers (COPE) segment of the Asia-Pacific thermoplastic elastomers market is estimated to grow at a significant rate during the forecast period, owing to the restrictions on the use of polyvinyl chloride (PVC) materials in the medical sector and the growing demand for copolyester ether elastomers (COPE) from the automotive industry.

Rising demand for thermoplastic elastomers from the automotive, building & construction, footwear, and medical industries has led to increasing demand for thermoplastic elastomers, globally. The Asia-Pacific region is projected to be the largest market for thermoplastic elastomers during the forecast period, followed by the North American region. The India thermoplastic elastomers market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia-Pacific thermoplastic elastomers market can also be attributed to the presence of the top manufacturers of thermoplastic elastomers, such as Asahi Kasei Corporation (China), Sinopec Group (China), and Tosoh Corporation (Japan) in the region.

The prices of thermoplastic elastomers are dependent on the prices of crude oil and its derivatives. The fluctuations in the prices of crude oil compel the manufacturers of thermoplastic elastomers to change prices of their products. Moreover, due to a few technical limitations, thermoplastic elastomers are yet to tap the market for heavy duty tires.

The companies operating in the thermoplastic elastomers market are investing increasingly in the development of advanced products to enhance their positions in the market and strengthen their product portfolios. They have adopted the strategy of mergers & acquisitions to cater to the increasing demand for thermoplastic elastomers from different end-use industries. For instance, Lubrizol Corporation (U.S.) introduced eight new products in the market between January 2015 and January 2016. Similarly, Teknor Apex Company (U.S.) introduced thirteen new products in the thermoplastic elastomers market from February 2014 to February 2017.

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