The report predicts the global Thermoplastic Elastomers Market to grow with a CAGR of 5.1% over the forecast period from 2022-2031.
A thermoplastic material softens, shows plastic property, when heated, but it does not set or get cured. Thermoplastics generally available in the form of pellets become softer and liquid when exposed to high temperature. Due to this property, molding and processing of thermoplastics becomes easy. Shape change of a thermoplastic material is completely physical and with the reapplication of heat, it is purely reversible. A thermoplastic elastomer, a blend of elastomers and thermoplastics, combines the elastic properties of a thermoset elastomer and the processing attributes of a thermoplastic. TPE is made of two phases, hard (thermoplastic) and soft (cured thermoset rubber particles). This makes TPEs costlier than thermoset rubber but more effective. The property of TPEs to be easily reprocessed makes them environmental friendly leaving very chemical wastage. Many regulations in various customer markets affirm usage of TPEs for this reason.
The global market for TPE has grown evidently during the past few years and is expected to grow at a healthy pace in the next five years, driven by cost effectiveness and adaptability of TPEs in major end-user markets. China shared about 24.3% of the TPE demand in 2012. Consumption and revenue generation of TPE is seen to be high in APAC, followed by the North American region.
This study basically aims to estimate the global market of TPE for 2022 and to project the expected demand of the same in 2031. This market research study provides a detailed qualitative and quantitative analysis of the global TPE market. It provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. The market is further segmented and forecasted for major regions of North America, Western Europe, Asia-Pacific, and Rest of the World (ROW). Major countries with the market volumes and revenues are covered for each region.
We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the TPE market. The primary sources – experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of TPE.
Competitive scenario and market shares of the major players in the TPE market are discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic initiatives in the industry.
Get The Sample PDF Report Here: https://www.sdki.us/sample-request-59247
These include :
Kraton Polymer LLC (US), BASF SE (Germany), TSRC Corp (Taiwan), Huntsman Corporation (U.S.), The DOW Chemical Company (U.S), Arkema SA (France), Evonik Industries AG (Germany), Advanced Elastomer Systems (U.S.), Polyone Corporation (U.S.), Lyondellbasell Industries N.V. (The Netherlands), L.G. CHEM Ltd (South Korea), Teknor Apex Company (U.S.), EMS Group (U.S.), Yantai Wanhua Polyurethane Co. Ltd (China), Lubrizol Corporation (U.S.) and other market players.
Scope of the report:
This research report categorizes the global market for TPE on the basis of applications, types and geography; forecasting volumes and revenues and analyzing trends in each of the submarkets.
On the basis of types:
The TPE market is segmented on the basis of major TPE types such as Styrenic Block Copolymer (SBC), Thermoplastic Olefins (TPO), Thermoplastic Vulcanizates (TPV), Thermoplastic Polyurethane (TPU), Copolyester Ether (COPE) and Polyether Block Amide (PEBA). Each type is further described in detail in the report with the forecast of its volume and revenue.
On the basis of applications:
The TPE market is segmented on the basis of industry applications such as automotive, building construction, footwear, engineering, wire & cable and others. Each application is further described in detail in the report with the forecast of its volume and revenue.
On the basis of geography:
North America, Western Europe, Asia-Pacific, ROW and the key countries in these regions.
Get The Sample PDF Report Here For More Insights: https://www.sdki.us/sample-request-59247
-Related Trending Reports: