Thermoplastic Elastomer Market Trends, Revenue, Competitive Landscape And Developments Forecast By 2026

 Market Overview

Thermoplastic elastomers are adaptable materials, which can be extended without distorting the shape permanently. Thermoplastic elastomers are a physical blend of polymers, which is typically plastic and elastic, and they are manufactured by injection, molding, and extrusion. It is utilized in various applications in the automotive sector, such as airbags, anti-slip mats, window trims, cowl panels, spoilers, and seals & air duct components. Rising demand for automobiles and automotive parts along with increasing consumer spending on automobiles are expected to drive growth of the thermoplastic elastomers market.

Superior properties of thermoplastic elastomers include its glass transition temperature and outstanding material stability when exposed to a broad range of temperatures and non-polar materials. Moreover, less energy is consumed in case of manufacturing TPEs and it can be colored using ordinary dyes.

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Market Dynamics

Among product type, styrenic block co-polymers segment accounted for the largest revenue share in the global thermoplastic elastomers market in 2017.

Among application, automotive parts segment accounted for the largest revenue share in the global thermoplastic elastomers market in 2017. This is due to the properties of TPE such as weather & temperature resistance, shock absorption, flexibility, abrasion resistance, and recyclable.

Among End-use industry, automotive segment accounted for the largest market share in 2017, owing to the production of TPE-based building materials such as pipes, paving and roofing components, and window grills.

Detailed Segmentation:

  • Global Thermoplastic Elastomers Market, By Product Type:

    • Styrenic Block Co-polymers

      Co-polyester

      Polyurethane

      Polyamide

      Thermoplastic/Elastomers Blend & Alloy

      Polyolefin

      Vulcanizates

      Reactor-made Thermoplastic Polyolefin Elastomers (R-TPO)

      Polyolefin Plastomers (POP’s)

      Polyolefin Elastomers (POE’s)

  • Global Thermoplastic Elastomers Market, By Application:

    • Automotive Parts

      Wires and Cables

      Coating

      Adhesive & Sealant

      Paving & Roofing

      Housewares & Appliances

      Others

  • Major players operating in the global thermoplastic elastomers market include DowDuPont Inc., Arkema Group, Asahi Kasei Corporation, PolyOne Corporation, Elastron Kimya SA, Kraton Corporation, Evonik Industries, and Covestro AG.


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