Thermoplastic Elastomers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Thermoplastic elastomers are also known as thermoplastic rubbers. These elastomers are a class of copolymers or a mix of polymers. The materials used in the mixture, such as rubber and plastic, have both thermoplastic and elastomeric properties. Thermoplastics are relatively easy to use in manufacturing. Thermoplastic elastomers show the advantages of both rubbery materials and plastic materials. Thermoplastic elastomers offer various advantages such as it has the ability to stretch to moderate elongations and return to its near original shape creating a longer life. The major difference between thermoset elastomers and thermoplastic elastomers is the type of cross-linking bond in their structures. The cross-linking is a critical structural factor which imparts high elastic properties in the thermoplastic elastomers.

MARKET DYNAMICS

The thermoplastic elastomers market has witnessed significant growth owing to factors such as advancement in the thermoplastic elastomer processing industry coupled with the replacement of thermoset rubber. Moreover, growing demand from the automotive industry provides a significant opportunity for the key players operating in the thermoplastic elastomers market over the forecast period. However, fluctuation in the prices of thermoplastic elastomers, along with technical limitations, is projected to hamper the overall growth of the thermoplastic elastomers market.

MARKET SCOPE

The "Global Thermoplastic elastomers Market Analysis to 2031" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the thermoplastic elastomers market with detailed market segmentation by type, end-use industry and geography. The global thermoplastic elastomers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermoplastic elastomers market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global thermoplastic elastomers market is segmented on the basis of type and end-use industry. On the basis of type, the thermoplastic elastomers market is segmented into styrenic block copolymer, thermoplastic polyurethane, thermoplastic polyolefins, thermoplastic vulcanizates, copolyester ether elastomers, and polyether block amide elastomers. Based on end-use industry the global thermoplastic elastomers market is divided into automotive, building and construction, footwear, engineering, wires and cables, medical, and other.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thermoplastic elastomers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermoplastic elastomers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the thermoplastic elastomers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the thermoplastic elastomers market in these regions.

MARKET PLAYERS

The reports cover key developments in the thermoplastic elastomers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from thermoplastic elastomers market are anticipated to lucrative growth opportunities in the future with the rising demand for thermoplastic elastomers in the global market. Below mentioned is the list of few companies engaged in the thermoplastic elastomers market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thermoplastic elastomers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Arkema SA
  
•  BASF SE
  
•  Covestro AG
  
•  DuPont de Nemours, Inc.
  
•  Evonik Industries AG
  
•  Huntsman Corporation
  
•  Kraton Corporation
  
•  Lubrizol Corporation
  
•  Teknor Apex
  
•  Tosoh Corporation
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Thermoplastic Elastomers Report Scope