Thermoplastic Elastomer (TPE) Market, By Product Type (Styrenic Block Copolymer, Thermoplastic Olefin, Elastomeric Polyurethane, Thermoplastic Copolyester, and Thermoplastic Polyamide), By Application (Automotive and Transportation, Building and Construction, Footwear, Electrical and Electronics, Medical, Household Appliances, HVAC, Adhesives, Sealants, and Coatings, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

A Thermoplastic elastomer (TPE) has the properties and performance of a rubber, it is actually processed like Plastic and it is recyclable. The presence of the elastomeric component makes it soft and flexible such that it can be stretched repeatedly to at the least twice their original length at room temperature and can return to their approx. length of the original shape upon stress release. The soft touch of TPEs makes them appealing and beneficial for many markets and consumer goods. The TPEs that are soft can be easily be molded into hard thermoplastic materials, which would then be great for soft touch grips on products. TPEs can be perfectly used for sealing rings and on bottle cap liners. TPEs of other type can be used in automotive parts, home appliances, and wire and cable insulation, HVACs.

 Widely Accepted Application across the globe

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. Thermoplastic elastomers dominated the market across the world, 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.

Restraint

Unstable and volatility in raw material prices are the factor which may hinder the growth of this market.

Thermoplastic elastomer (TPE) market is segmented based on Product Type,

Application, and Region.

On the basis of product type, the thermoplastic elastomer (TPE) market is segmented into styrenic block copolymer, thermoplastic olefin, elastomeric polyurethane, thermoplastic copolyester, and thermoplastic polyamide. Based on application, the target market is classified into automotive and transportation, building and construction, footwear, electrical and electronics, medical, household appliances, HVAC, adhesives, sealants, and coatings, and other applications.

Regional Insights:

On region the Thermoplastic Elastomer (TPE) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America rules the global market in terms of revenue and is projected to continue its dominance in the coming years. Asia Pacific is anticipated to dominating the market over the forecast period. 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.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the Product Type industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Thermoplastic Elastomer (TPE) market report based on Product Type, application, and region:

Thermoplastic Elastomer (TPE) Market, By Product Type:

• Styrenic Block Copolymer
• Thermoplastic Olefin
• Elastomeric Polyurethane
• Thermoplastic Copolyester
• Thermoplastic Polyamide

Thermoplastic Elastomer (TPE) Market, By Application:

• Automotive and Transportation
• Building and Construction
• Footwear
• Electrical and Electronics
• Medical, Household Appliances
• HVAC
• Adhesives
• Sealants
• Coatings
• Other Applications

Thermoplastic Elastomer (TPE) Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the Thermoplastic Elastomer (TPE) market includes BASF SE, Dow, LyondellBasell Industries Holdings B.V., Arkema Sa, LCY Chemical Corp., Covestro AG, China Petrochemical Corporation, Huntsman International LLC., PolyOne Corporation, Kraton Corporation, Exxon Mobil Corporation. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in September 2019, Polyone Launches New Black Masterbatch Colorants with Sustainable Carbon Black. In July 2019, Effort in green chemistry received recognition again LCY Chemical Corp won the Best Partner Award of UMC's 3R League.

• BASF SE Company
  • Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Dow
• LyondellBasell Industries Holdings B.V.
• Arkema Sa
• LCY Chemical Corp.
• Covestro AG
• China Petrochemical Corporation
• Huntsman International LLC.
• PolyOne Corporation
• Kraton Corporation
• Exxon Mobil Corporation

 “*” marked represents similar segmentation in other categories in the respective section