Global Thermoplastic Elastomers Market is Expected to Reach USD 15.3 Billion in 2018: Transparency Market Research
ALBANY, New York, January 29, 2013 /PRNewswire/ –
According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “Thermoplastic Elastomers (SBCs, TPOs,
TPUs, TPVs & COPEs) Market – Global Industry Analysis, Size, Share, Growth and Forecast
2012 – 2018 [http://www.transparencymarketresearch.com/thermoplastic-elastomers.html ],”
the global thermoplastic elastomers demand was 3,480.4 kilo tons in 2011 and is expected
to reach 4,879.7 kilo tons by 2018, growing at a CAGR of 5.0% from 2012 to 2018. In terms
of revenues, the market was valued at USD 9.9 billion in 2011 and is expected to reach USD
15.3 billion by 2018, growing at a CAGR of 6.4% from 2012 to 2018.
Browse the full report at
http://www.transparencymarketresearch.com/thermoplastic-elastomers.html
Thermoplastic elastomers
[http://www.transparencymarketresearch.com/thermoplastic-elastomers.html ] (TPE) market is
primarily driven by the growing demand for light weight and high performance materials
from the automobile industry across the world. Shift towards replacing PVC with
thermoplastic elastomers from major end use industries is also expected to drive TPE
demand over the next five years. However, the volatile nature of raw material prices and
the regulatory issues due to growing environmental concerns are expected to hinder the
market growth.
Styrenic block copolymers (SBCs) made up the largest segment of TPE products,
accounting for close to 48% of total TPEs consumed in 2011. SBCs are mostly used for
paving, roofing and in the footwear industry for high quality shoes. However, SBC demand
is expected to remain stagnant over the next five years, as the market nears maturity.
Thermoplastic vulcanizates (TPVs) is expected to be the fastest growing TPE product with
an estimated CAGR of 6.6% from 2012 to 2018.
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Asia Pacific has emerged as the leading consumer of thermoplastic elastomers and
accounted for over 40% of the global demand in 2011. TPE consumption in the region is
expected to grow at a CAGR of 5.4% from 2012 to 2018. The growth of automotive industries
mainly in China and India is propelling the growth of TPEs market in the region. In terms
of consumption, Europe is the third largest market; however demand in the region is
expected to remain stagnant owing to economic issues and general slowdown in key
application industries such as automotive and construction.
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Key participants in the TPE industry include Sinopec, Bayer, BASF, Kraton, Huntsman
Corporation, Dow Chemical Company, LCY Chemical, Dynasol, Nippon, Yantai Wanhua, TSRC, LG
Chemicals, Dushanzi and so on. This study provides a detailed competitive landscape with
company share analysis and detailed profiles of the companies mentioned above.
The report analyzes the global demand for thermoplastic elastomers in terms of both
volumes (kilo tons) and revenues (USD million) from 2010 to 2018. The demand for each
product type (SBCs, TPOs, TPUs, TPVs, COPEs & other) of TPEs is analyzed on the basis of
their application and geographies from 2010 to 2018. The report segments the global
thermoplastic elastomers market as:
Thermoplastic Elastomers Market, by Product Type:
Styrenic Block Copolymers (SBCs)
Thermoplastic Polyolefins (TPOs)
Thermoplastic Polyurethanes (TPUs)
Thermoplastic Vulcanizates (TPVs)
Copolyester Elastomers (COPEs)
Other Thermoplastic Elastomers (including Thermoplastic Polayamide)
The report segments each of the above mentioned type of thermoplastic elastomer on the
basis of application and geography as:
Styrenic Block Copolymers (SBCs) Market, by Product Type:
- Styrene Butadiene Styrene
- Styrene Isoprene Styrene
- Hydrogenated SBCs (including SEBS, SEPS, SEEPS)
Styrenic Block Copolymers (SBCs) Market, by Application:
- Paving and Roofing
- Footwear
- Advanced Materials (compounding, personal care & polymer systems)
- Adhesives, Sealants and Coatings
- Other
Styrenic Block Copolymers (SBCs) Market, by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Thermoplastic Polyolefins (TPOs) Market, by Application:
- Automotive
- Other (including medical, construction, packaging etc)
Thermoplastic Polyolefins (TPOs) Market, by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Thermoplastic Polyurethanes (TPUs) Market, by Application:
- Automotive
- Construction
- Electronics & Appliances
- Hose & Tubing
- Footwear
- Wire & Cable
- Others (industrial insulation, CASE etc)
Thermoplastic Polyurethanes (TPUs) Market, by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Thermoplastic Vulcanizates (TPVs) Market, by Application:
- Automotive
- Fluid Handling
- Consumer Goods
- Medical
- Other (including construction, appliances, tools)
Thermoplastic Vulcanizates (TPVs) Market, by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Copolyester Elastomers (COPEs) Market, by Application:
- Automotive
- Electrical & Electronics
- Industrial
- Medical
- Other (including construction & personal care)
Copolyester Elastomers (COPEs) Market, by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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