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Global Thermoplastic Elastomer Market to reach USD 38.71 billion by the end of 2029

Global Thermoplastic Elastomer Market Size study & Forecast, by Application (Automotive, Electrical & Electronics, Industrial, Medical, Consumer Goods, Others) by Material (Poly Styrenes, Poly Olefins, Poly Ether Imides, Poly Urethanes, Poly Esters, Poly Amides) and Regional Analysis, 2022-2029

Product Code: CMPP-51404931
Publish Date: 8-10-2022
Page: 200

Global Thermoplastic Elastomer Market is valued approximately USD 21.45 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.8% over the forecast period 2022-2029. Thermoplastic elastomers combine the characteristics of elastomers with polymers. The qualities of the goods, which include ease of moulding, heat stability, smoothness, wear resistance, and scratch resistance, are widely used in end-use industries. The Thermoplastic Elastomer market is expanding because of factors such as rising demand from end use industry such as automotive, medical, electronics, and consumer good.

According to Statista, in year 2019 the total light weight vehicle production reached at 89 million units which is projected to reach at 98.9 million units by year 2025. As a result of which the rising production of light weight vehicles is catering the growth of thermoplastic elastomers. Another important component such as increase is adoption of bio-based Thermoplastic Elastomer and rising construction activities are creating lucrative opportunity for the market. However, the high cost of Thermoplastic Elastomer stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Thermoplastic Elastomer Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to high demand in the automotive, electrical and electronics, packaging, and construction sectors. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as growing manufacturing sector shall drive the demand for TPE compounds in the automotive, industrial machinery, packaging, and electrical and electronics industries

Major market player included in this report are:
Advanced Elastomer Systems L.P.
Arkema S.A.
BASF SE
Bayer Material Science LLC
China Petroleum & Chemical Corporation
Dynasol Elastomers LLC
EMS group
Evonik Industries
Huntsman Corporation
Kraton Polymers LLC

Recent Developments in the Market:
 In February 2020, Global investments in the thermoplastic polyurethane industry were made by Lubrizol. The investments include improved surface paint protection film (PPF) and protective production capabilities. Additionally, it would assist supply chains and PPF manufacturers simultaneously.
 In Aug 2020, A flexible, high-performance specialised powder based on a thermoplastic amide grade (TPA) for 3D printing has been developed by Evonik in partnership with HP.
Global Thermoplastic Elastomer Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material, Type, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Material offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Automotive
Electrical & Electronics
Industrial
Medical
Consumer Goods
Others

By Material:
Poly Styrenes
Poly Olefins
Poly Ether Imides
Poly Urethanes
Poly Esters
Poly Amides
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Thermoplastic Elastomer Market, by Region, 2019-2029 (USD Billion)
1.2.2. Thermoplastic Elastomer Market, by Application, 2019-2029 (USD Billion)
1.2.3. Thermoplastic Elastomer Market, by Material, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Thermoplastic Elastomer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Thermoplastic Elastomer Market Dynamics
3.1. Thermoplastic Elastomer Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Growth of key end-use industries
3.1.1.2. Rising construction activities
3.1.2. Market Challenges
3.1.2.1. Volatile raw material prices
3.1.3. Market Opportunities
3.1.3.1. Growing concept of bio-based thermoplastic elastomers
3.1.3.2. Increasing demand for lightweight vehicles from automotive industry
Chapter 4. Global Thermoplastic Elastomer Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Thermoplastic Elastomer Market, by Application
6.1. Market Snapshot
6.2. Global Thermoplastic Elastomer Market by Application, Performance – Potential Analysis
6.3. Global Thermoplastic Elastomer Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
6.4. Thermoplastic Elastomer Market, Sub Segment Analysis
6.4.1. Automotive
6.4.2. Electrical & Electronics
6.4.3. Industrial
6.4.4. Medical
6.4.5. Consumer Goods
6.4.6. Others
Chapter 7. Global Thermoplastic Elastomer Market, by Material
7.1. Market Snapshot
7.2. Global Thermoplastic Elastomer Market by Material, Performance – Potential Analysis
7.3. Global Thermoplastic Elastomer Market Estimates & Forecasts by Material 2019-2029 (USD Billion)
7.4. Thermoplastic Elastomer Market, Sub Segment Analysis
7.4.1. Poly Styrenes
7.4.2. Poly Olefins
7.4.3. Poly Ether Imides
7.4.4. Poly Urethanes
7.4.5. Poly Esters
7.4.6. Poly Amides
Chapter 8. Global Thermoplastic Elastomer Market, Regional Analysis
8.1. Thermoplastic Elastomer Market, Regional Market Snapshot
8.2. North America Thermoplastic Elastomer Market
8.2.1. U.S. Thermoplastic Elastomer Market
8.2.1.1. Application breakdown estimates & forecasts, 2019-2029
8.2.1.2. Material breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Thermoplastic Elastomer Market
8.3. Europe Thermoplastic Elastomer Market Snapshot
8.3.1. U.K. Thermoplastic Elastomer Market
8.3.2. Germany Thermoplastic Elastomer Market
8.3.3. France Thermoplastic Elastomer Market
8.3.4. Spain Thermoplastic Elastomer Market
8.3.5. Italy Thermoplastic Elastomer Market
8.3.6. Rest of Europe Thermoplastic Elastomer Market
8.4. Asia-Pacific Thermoplastic Elastomer Market Snapshot
8.4.1. China Thermoplastic Elastomer Market
8.4.2. India Thermoplastic Elastomer Market
8.4.3. Japan Thermoplastic Elastomer Market
8.4.4. Australia Thermoplastic Elastomer Market
8.4.5. South Korea Thermoplastic Elastomer Market
8.4.6. Rest of Asia Pacific Thermoplastic Elastomer Market
8.5. Latin America Thermoplastic Elastomer Market Snapshot
8.5.1. Brazil Thermoplastic Elastomer Market
8.5.2. Mexico Thermoplastic Elastomer Market
8.6. Rest of The World Thermoplastic Elastomer Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Advanced Elastomer Systems L.P.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Arkema S.A.
9.2.3. BASF SE
9.2.4. Bayer Material Science LLC
9.2.5. China Petroleum & Chemical Corporation
9.2.6. Dynasol Elastomers LLC
9.2.7. EMS group
9.2.8. Evonik Industries
9.2.9. Huntsman Corporation
9.2.10. Kraton Polymers LLC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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