Thermoplastic Elastomers Market Worth $23.9 Billion by 2018
DALLAS, May 7, 2013 /PRNewswire/ –
The Report “Thermoplastic Elastomers Market By Types (SBC, TPO, TPV, TPU, COPE, PEBA),
Applications & Geography – Trends & Forecasts To 2018″ defines and segments the global
thermoplastic elastomers market with analysis and forecasting of the global revenue and
consumption. It also identifies the driving and restraining factors for the global
thermoplastic elastomer market with an analysis of trends, opportunities, burning issues,
The Market is segmented, and consumption & revenues are forecasted on the basis of
Major Regions such as:
- North America - Western Europe - Asia-Pacific, and - Rest of the World (ROW)
The Key Countries are covered and forecasted for each region. Further, the market is
segmented and revenues are forecasted on the basis of Major Types of Thermoplastic
Elastomers used in various industries such as:
- Automotive - Building & construction - Footwear - Engineering - Wire & cable - Medical and - Others
- 109 Market Data Tables - 34 Figures - 336 Pages and an in-depth Table of Contents on "Thermoplastic Elastomers Market".
Early buyers will receive 10% customization on this report.
Thermoplastic Elastomers (TPEs) replaced natural and synthetic rubber due to its
ability to form in various shapes adhering to many conventional and innovative
processability techniques, hence resulting in shapes of complex designs. TPEs replace PVCs
due to the hazardous chemical residue left by PVC. TPEs are environment friendly as they
can be melted and reshaped, thereby leaving very less wastage. TPEs have many advantages
over the materials it is replacing such as resistance towards weather, chemicals,
oxidation and delivering soft touch materials. Demand for soft touch applications adds to
the growth of TPEs. Evolving Bio based TPE’s environmental regulation in sectors such as
food, packaging and medical can create future market spaces for TPEs.
Automotive: Major market for TPE
Thermoplastic Elastomers Market
is segmented by major types such as SBC, TPO, TPV, TPU, COPE and PEBA. These individual
thermoplastic elastomers have application specific demands differentiated by cost and
efficiency. TPEs are useful in applications such as automotive parts, paving & roofing,
consumer & personal hygiene products, medical clothing, medical equipment, aircraft
coating, rail track, sports & leisure equipment, various types of footwear, baby care,
electronic appliances, baby-diapers, industrial & mining related cables, oil & gas
pipelines and several others. These materials result in minimizing energy consumption and
increase in efficiency of the applications.
The global market for thermoplastic elastomers in terms of revenue was estimated to be
worth $15.1 billion in 2012, and is expected to reach $23.9 billion by 2018, growing at a
CAGR of 8.1%, in terms of revenue, from 2013 to 2018.
The Asia Pacific Region dominated the global thermoplastic elastomer market,
accounting for 42.4% of the global thermoplastic elastomer revenue in 2012.
The Asia Pacific is expected to have the Highest Market Revenue in 2018, followed by
the North American Market. Rest of the World, a collection of individual country markets,
is expected to be the fastest growing market in the future, growing at a CAGR of 10.1%
from 2013 to 2018, owing to rising consumption in this region where the end-user markets
of TPE are growing steadily. The European market is expected to grow at a rate of 6.7%, in
revenue terms and 5.1% in consumption terms from 2013 to 2018.
Buy a copy of this Report
Browse Related Reports to Chemicals Market
MarketsandMarkets is a global market research and consulting company based in the U.S.
We publish strategically analyzed market research reports and serve as a business
intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and
custom research services. MarketsandMarkets covers thirteen industry verticals; including
advanced materials, automotives and transportation, banking and financial services,
biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power,
food and beverages, industrial automation, medical devices, pharmaceuticals,
semiconductors and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt
business insight with our huge market intelligence repository.
Mr. Rohan North - Dominion Plaza 17304 Preston Road Suite 800, Dallas, TX 75252 Tel: +1-888-6006-441 Email: email@example.com Visit MarketsandMarkets Blog http://www.marketsandmarketsblog.com Connect with us on LinkedIn http://www.linkedin.com/company/marketsandmarkets