Global Thermoplastic Elastomers Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: September 10, 2021 |

The global thermoplastic elastomers market size is anticipated to register a significant CAGR of over 5% during the forecast period and is estimated to reach around USD 26 billion by 2027. The increasing demand for high-performance and lightweight passenger cars globally is a major factor to drive the market growth. The increasing demand for TPE in various applications such as electronics, consumer goods, footwear, and construction is further anticipated to drive market growth over the forecast period from 2021 to 2027. Moreover, increasing regulation to control carbon emissions and focus on providing fuel-efficient vehicles is expected to boost the market.

Market Segment Insights:

The global thermoplastic elastomers market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into thermoplastic polyurethanes, styrene block copolymers, thermoplastic polyolefins, thermoplastic vulcanizates, copolymer esters, and others. The styrene block polymers segment dominated the global market in 2020 and estimated to hold the largest revenue share of over two-third percent of the market. In contrast, the TPV segment is accounted to grow at a fast growth rate over the forecast period due to the increasing demand from the automotive industry.

On the basis of application, the market is segmented into automotive, electrical & electronics, industrial, medical, and others. The automotive segment dominated the global thermoplastic elastomers market in 2020 and estimated to hold the largest revenue share of over half of the market. The increasing demand for TPE in automotive to provide lightweight, high performance, and fuel-efficient vehicles is a prominent factor to drive the segment growth. On the other hand, the electric and electronics segment is accounted to hold a significant market share due to the rising awareness regarding safety and protection.

Thermoplastic Elastomers Market Growth

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The thermoplastic elastomers comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The thermoplastic elastomers market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Global Thermoplastic Elastomers Market Segmentation:

By Type:

  • Thermoplastic Polyurethanes (TPU)
  • Styrene Block Copolymers (SBC)
  • Thermoplastic Polyolefins (TPO)
  • Thermoplastic Vulcanizates (TPV)
  • Copolymer Esters (COPE)
  • Others

By Application:

  • Automotive
  • Electrical & Electronics
  • Industrial
  • Medical
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Thermoplastic Elastomers Market: Geographic Coverage

Geographically, the Asia Pacific dominated the global thermoplastic elastomers market in 2020 and accounted to hold the largest revenue share of around half of the market. The increasing activities in the construction industry and the growing automotive industry is a major factor to drive the market growth in the region. Furthermore, the growing electronics and footwear industry is anticipated to fuel the market growth in the Asia Pacific. On the other hand, the increasing automotive production and growing consumer industry have contributed the market growth in North America.

Thermoplastic Elastomers Market: Competition Assessment

Some of the prominent market players operating in the global thermoplastic elastomers market are Arkema S.A, Asahi Kasei Corporation, BASF SE, The Dow Chemical Company, and Covestro AG. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Arkema S.A
  • Asahi Kasei Corporation
  • BASF SE
  • The Dow Chemical Company
  • Covestro AG
  • Huntsman Corporation
  • Teknor Apex Company
  • Lubrizol Corporation
  • Tosh Corporation
  • Kraton Corporation

Key Questions Answered by Thermoplastic Elastomers Market Report

  • Global thermoplastic elastomers market forecasts from 2021-2027
  • Regional thermoplastic elastomers market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Thermoplastic elastomers submarket forecasts from 2021-2027 cover the market by type, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to thermoplastic elastomers market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level thermoplastic elastomers markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the thermoplastic elastomers market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Thermoplastic Elastomers Market Portraiture
2.2. Global Thermoplastic Elastomers Market, by Type, 2020 (USD Mn)
2.3. Global Thermoplastic Elastomers Market, by Application, 2020 (USD Mn)
2.4. Global Thermoplastic Elastomers Market, by Geography, 2020 (USD Mn)

 

3. Global Thermoplastic Elastomers Market Analysis


3.1. Thermoplastic Elastomers Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Thermoplastic Elastomers Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Thermoplastic Polyurethanes (TPU)
4.3. Styrene Block Copolymers (SBC)
4.4. Thermoplastic Polyolefins (TPO)
4.5. Thermoplastic Vulcanizates (TPV)
4.6. Copolymer Esters (COPE)
4.7. Others

 

5. Global Thermoplastic Elastomers Market By Application, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Automotive
5.3. Electrical & Electronics
5.4. Industrial
5.5. Medical
5.6. Others

 

6. North America Thermoplastic Elastomers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
6.1.3. North America Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
6.1.4. North America Thermoplastic Elastomers Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
6.1.4.1.2. U.S. Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
6.1.4.2.2. Canada Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)

 

7. Europe Thermoplastic Elastomers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
7.1.3. Europe Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
7.1.4. Europe Thermoplastic Elastomers Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
7.1.4.1.2. Germany Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
7.1.4.2.2. U.K. Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
7.1.4.3.2. France Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
7.1.4.4.2. Italy Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)

 

8. Asia Pacific Thermoplastic Elastomers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
8.1.3. Asia Pacific Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
8.1.4. Asia Pacific Thermoplastic Elastomers Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
8.1.4.1.2. China Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
8.1.4.2.2. Japan Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)

 

9. Latin America (LATAM) Thermoplastic Elastomers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
9.1.3. Latin America Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
9.1.4. Latin America Thermoplastic Elastomers Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
9.1.4.1.2. Brazil Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
9.1.4.2.2. Mexico Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)

 

10. Middle East and Africa Thermoplastic Elastomers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
10.1.3. MEA Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
10.1.4. Middle East and Africa Thermoplastic Elastomers Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
10.1.4.1.2. GCC Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
10.1.4.2.2. South Africa Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Thermoplastic Elastomers Market by Type (2018-2027 USD Mn)
10.1.4.3.2. Rest of MEA Thermoplastic Elastomers Market by Application (2018-2027 USD Mn)

 

11. Company Profiles


11.1. Arkema S.A
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Asahi Kasei Corporation
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. BASF SE
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. The Dow Chemical Company
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Covestro AG
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Huntsman Corporation
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Teknor Apex Company
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Lubrizol Corporation
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Tosh Corporation
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Kraton Corporation
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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