Jun 3, 2022   SOURCE: BusinessWire

The Worldwide Thermoplastic Elastomers Industry is Expected to Reach $24.7 Billion by 2027 - ResearchAndMarkets.com

The "Thermoplastic Elastomers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Thermoplastic Elastomers estimated at US$16.7 Billion in the year 2020, is projected to reach a revised size of US$24.7 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027.

Block Copolymers, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$13.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Blends segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.6 Billion, While China is Forecast to Grow at 7.4% CAGR

The Thermoplastic Elastomers market in the U.S. is estimated at US$3.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Other Types Segment to Record 5.7% CAGR

In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.1 Billion in the year 2020 will reach a projected size of US$3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.3 Billion by the year 2027, while Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 64 Featured) -

  • Arkema Group
  • Asahi Kasei Advance Corporation
  • BASF SE
  • Celanese Corporation
  • China Petroleum & Chemical Corporation (SINOPEC)
  • Covestro AG
  • E. I. du Pont De Nemours and Company
  • Exxon Mobil Corporation
  • Huntsman Corporation
  • Kolon Plastic, Inc.
  • KRAIBURG TPE GmbH & Co. KG
  • Kraton Corporation
  • Kuraray America, Inc.
  • LCY Chemical Corporation (LCY Group)
  • LG Chem
  • Mitsubishi Chemical Corporation
  • PolyOne Corporation
  • Royal DSM NV
  • RTP Company
  • SABIC (Saudi Basic Industries Corporation)
  • Sibur Holding PJSC
  • TARO PLAST S.p.a.
  • Teknor Apex Company
  • The Lubrizol Corporation
  • Zylog Plastalloys Pvt. Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Thermoplastic Elastomers: An Introduction
  • Types and Properties of Commercial TPEs
  • Benefits of TPEs
  • Primary Applications of TPEs
  • Regulatory Guidelines for TPEs
  • Thermoplastic Elastomers Market: Growth Prospects and Outlook
  • Styrenic Block Copolymers (SBC): A Widely Used Thermoplastic Elastomer
  • Automotive: The Leading End-Use Market for Thermoplastic Elastomers
  • China Along with Other Asian Economies Emerge as the Largest Regional Markets
  • Global Economic Environment Influences Demand Dynamics in the TPE Market
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
  • Thermoplastic Elastomers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rising Demand from Automotive Industry Presents Considerable Growth Opportunities for Thermoplastic Elastomers Market
  • Automotive Production Trends to Influence Demand for TPE: Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019 and 2022
  • Adoption of Strict Regulations to Control Emissions Augurs Well for Use of Thermoplastic Elastomers in Auto Industry
  • Growing Application of Thermoplastic Elastomers in HVAC Industry Fuels Market Prospects
  • Global HVAC Systems Market: Revenues in US$ Billion for the Years 2015-2025
  • Building & Construction: A Promising Market for TPEs
  • Increasing Replacement of EPDM in Construction Materials by TPU & TPO Bodes Well for the Market
  • Growth of World Construction Industry Higher than Global GDP, Spells Opportunities for the TPE Market
  • Projected Increase in Construction Investments Favors Roofing Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
  • TPEs Find Growing Use in Medical Industry
  • Global Medical Device Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Rising Popularity of TPEs for Medical Tubing Applications
  • Global Medical Tubing Market Revenues in US$ Billion for the Years 2018, 2020 and 2022
  • Consumer Goods Industry Drives Demand for TPEs
  • TPEs Find Use in Oil & Gas Industry
  • Bio-based Thermoplastic Elastomers Offer Tremendous Potential for Growth
  • Innovations & Advancements
  • KRAIBURG Develops Thermoplastic Elastomer Hybrids
  • Thermoplastic Elastomers and Gels based on Subcomponent Metallosupramolecular Assembly
  • Tekni-Plex Announces TPE Tubing and Compounds

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/y0qwki