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Thermoplastic Elastomer (TPE) Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024


The “Thermoplastic Elastomer (TPE) Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Thermoplastic Elastomer (TPE) market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Thermoplastic Elastomer (TPE) market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The market for thermoplastic elastomers is expected to register a CAGR of 5.11%, during the forecast period of 2019-2024. One of the major factors driving the market studied is the extensive demand from the automotive industry. Volatility in raw material prices and market saturation in applications are expected to hinder the growth of the market studied.
  • Automotive and transportation application dominated the market in 2018, and is expected to grow further during the forecast period, owing to the increasing applications, such as manufacturing of high-quality automotive instrument panels, wheel covers, dashboard components, pillar trim, door liners and handles, seat backs, and seat belt components, among others.
  • Increasing applications in the medical industry is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and Japan.<

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    In Thermoplastic Elastomer (TPE) Market Report, Following Companies Are Covered:

  • Apar Industries Ltd
  • Arkema Group
  • Asahi Kasei Corporation
  • Covestro AG
  • Grupo Dynasol
  • DowDuPont
  • Elastron Kimya San. Tic. A?
  • Versalis SpA (ENI SpA)
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Huntsman International LLC
  • Kraton Corporation
  • Kuraray Co. Ltd
  • LG Chem
  • Lubrizol Corporation
  • LyondellBasell Industries BV
  • Mitsubishi Chemical Corporation
  • Mitsui Chemicals Inc.
  • Polymaxtpe
  • PolyOne Corporation
  • Sibur Holding
  • China Petrochemical Group Co. Ltd (SINOPEC)
  • Teknor Apex
  • TSRC Corporation
  • Wanhua Chemical Group Co. Ltd
  • Zeon Corporation
  • Sumitomo Chemicals Co. Ltd
  • EOC Group

    Thermoplastic Elastomer (TPE) Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • This report studies the global Thermoplastic Elastomer (TPE) market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Thermoplastic Elastomer (TPE) Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Increasing Demand from the Automotive and Transportation Industry

    Thermoplastics elastomers (TPE) are high-performance materials that are increasingly replacing standard plastics and traditional elastomers. About 40% of all TPE products, consumed worldwide, are used in vehicle manufacturing, especially in the automotive industry.
    Thermoplastic elastomers are primarily used in belts and hoses, bellows, gaskets, sound management inside the car, floors, and instrument panel skins. Moreover, outside the car, it can be used in tires (base tire, side walls, treads) and wire, cables, and coatings in almost all parts of the car.
    Owing to properties, such as lightweight, ease-of-processing, greater design freedom, versatility, and ability to be recycled, TPEs are predominantly used in the automotive and transportation industry. Therefore, the development of the automotive and transport industries, as well as their parts, components, and OEM suppliers, is an important indicator for the future TPE demand.
    High-performance thermoplastic elastomers offer manufacturers the advantages of design and comparable strength of steel, which help in reducing the overall weight and controlling greenhouse gasses emissions.
    Furthermore, factors, such as corrosion resistance and aesthetic appearance properties, are expected to positively influence the thermoplastic elastomers market growth in the automotive industry, during the forecast period.

    China to Dominate the Market in the Asia-Pacific Region

    China dominated the Asia-Pacific TPE market in 2018. China is the largest producer of automobiles in the world. In 2017, the country recorded 3.19% increase in the production of vehicles, where the commercial vehicle and passenger vehicle production increased by about 13.94% and 2.4%, respectively.
    The Chinese automotive industry caters to the demand for vehicles, in both domestic and foreign markets. During the forecast period, the automotive production in the country is expected to be driven by the rising demand for SUVs, and lightweight and fuel-efficient vehicles, along with the increasing popularity of electric vehicles across the world.
    In 2018, the Chinese construction industry developed rapidly, due to the central government’s focus on infrastructure investment, as a means to sustain economic growth.
    The Chinese government rolled out massive construction plans, including making provision for the movement of 250 million people to its new megacities over the next 10 years, despite efforts to rebalance its economy to a more service-oriented form.
    Additionally, there are numerous airport construction projects, which are either in the development or planning stage. These include Beijing Capital International Airport, Chengdu Shuangliu International Airport, Chongqing Jiangbei International Airport, Guangzhou Baiyun International Airport, etc.
    Therefore, with such construction projects coming up in the country, the application of thermoplastic elastomers is expected to increase. This is likely to drive the demand for thermoplastic elastomers in the near future.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Thermoplastic Elastomer (TPE) create from those of established entities?

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    Detailed TOC of Thermoplastic Elastomer (TPE) Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Extensive Demand from the Automotive Industry
    4.1.2 Growing Application in the HVAC Industry
    4.2 Restraints
    4.2.1 Volatility in Raw Material Prices
    4.2.2 Market Saturation in Applications
    4.3 Industry Value Chain Analysis
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5.1 Product Type
    5.1.1 Styrenic Block Copolymer (TPE-S)
    5.1.2 Thermoplastic Olefin (TPE-O)
    5.1.3 Elastomeric Alloy (TPE-V or TPV)
    5.1.4 Thermoplastic Polyurethane (TPU)
    5.1.5 Thermoplastic Copolyester
    5.1.6 Thermoplastic Polyamide
    5.2 Application
    5.2.1 Automotive and Transportation
    5.2.2 Building and Construction
    5.2.3 Footwear
    5.2.4 Electrical and Electronics
    5.2.5 Medical
    5.2.6 Household Appliances
    5.2.7 HVAC
    5.2.8 Adhesives, Sealants, and Coatings
    5.2.9 Other Applications
    5.3 Geography
    5.3.1 Asia-Pacific China India Japan South Korea Australia & New Zealand Rest of Asia-Pacific
    5.3.2 North America United States Canada Mexico Rest of North America
    5.3.3 Europe Germany United Kingdom Italy France Spain Rest of Europe
    5.3.4 South America Brazil Argentina Rest of South America
    5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Apar Industries Ltd
    6.4.2 Arkema Group
    6.4.3 Asahi Kasei Corporation
    6.4.4 BASF SE
    6.4.5 Covestro AG
    6.4.6 Grupo Dynasol
    6.4.7 DowDuPont
    6.4.8 Elastron Kimya San. Tic. A?
    6.4.9 Versalis SpA (ENI SpA)
    6.4.10 Evonik Industries AG
    6.4.11 Exxon Mobil Corporation
    6.4.12 Huntsman International LLC
    6.4.13 Kraton Corporation
    6.4.14 Kuraray Co. Ltd
    6.4.15 LANXESS
    6.4.16 LCY GROUP
    6.4.17 LG Chem
    6.4.18 Lubrizol Corporation
    6.4.19 LyondellBasell Industries BV
    6.4.20 Mitsubishi Chemical Corporation
    6.4.21 Mitsui Chemicals Inc.
    6.4.22 Polymaxtpe
    6.4.23 PolyOne Corporation
    6.4.24 SABIC
    6.4.25 Sibur Holding
    6.4.26 China Petrochemical Group Co. Ltd (SINOPEC)
    6.4.27 Teknor Apex
    6.4.28 TSRC Corporation
    6.4.29 Wanhua Chemical Group Co. Ltd
    6.4.30 Zeon Corporation
    6.4.31 Sumitomo Chemicals Co. Ltd
    6.4.32 EOC Group

    7.1 Increasing Demand for Bio-based Thermoplastic Elastomers
    7.2 Increasing Applications in the Medical Industry


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