Thermoplastic Elastomers Global Market to Reach $39.1 Billion by 2030: Beneficial Properties Fuel Demand for TPU in Various Applications
Global Market for Thermoplastic Elastomers
Dublin, March 31, 2023 (GLOBE NEWSWIRE) -- The "Thermoplastic Elastomers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Thermoplastic Elastomers estimated at US$22.6 Billion in the year 2022, is projected to reach a revised size of US$39.1 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.
Block Copolymers, one of the segments analyzed in the report, is projected to record a 7.7% CAGR and reach US$22 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Blends segment is readjusted to a revised 6.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.9 Billion, While China is Forecast to Grow at 8.5% CAGR
The Thermoplastic Elastomers market in the U.S. is estimated at US$4.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11.4 Billion by the year 2030 trailing a CAGR of 8.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.5 Billion by the year 2030.
Select Competitors (Total 76 Featured) -
Asahi Kasei Corporation
DuPont de Nemours, Inc.
Evonik Industries AG
Exxon Mobil Corporation
Huntsman International LLC
Kraiburg TPE GmbH & Co. KG
LyondellBasell Industries N.V.
Mitsubishi Chemical Corporation
Teknor Apex Company
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
Living with COVID-19: The New Normal
Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
Pandemic Impact on End-Use Industries Affects Demand for Thermoplastic Elastomers
TPEs Containing Antiviral and Antimicrobial Additives for Mobility Applications during Pandemic
An Introduction to Thermoplastic Elastomers
Types and Properties of Commercial TPEs
Benefits of TPEs
Primary Applications of TPEs
Regulatory Guidelines for TPEs
Global Market Prospects & Outlook
Styrenic Block Copolymers (SBC): A Widely Used Thermoplastic Elastomer
Automotive: The Leading End-Use Market for Thermoplastic Elastomers
Developing Economies to Boost Long-term Growth
Thermoplastic Elastomers - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rising Demand from Automotive Industry Presents Considerable Growth Opportunities for Thermoplastic Elastomers Market
Shift towards Lightweight Vehicles Bodes Well for Thermoplastic Elastomers
Lightweighting Trend in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016 & 2019
COVID-19 Impact on the Automotive Industry: A Review
Global Automobile Production (In Million Units) for the Years 2011 - 2021y for the Years 2017, 2019 and 2022
Outlook for 2022 Remains Positive
Adoption of Strict Regulations to Control Emissions Augurs Well for Use of Thermoplastic Elastomers in Auto Industry
Increasing Penetration of EVs: Potential Opportunities for TPEs
Global Electric Passenger Car Stock (In Million Units) for the Years 2017, 2018, 2019, 2020 & 2025P
Growing Application of Thermoplastic Elastomers in HVAC Industry Fuels Market Prospects
Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market in US$ Billion by Geographic Region/Country for 2020 and 2027
Building & Construction: A Promising Market for TPEs
Increasing Replacement of EPDM in Construction Materials by TPU & TPO Bodes Well for the Market
COVID-19 Impacts Near-term Growth Outlook for the Construction Sector
World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
Use of Thermoplastic Elastomers for Manufacturing Medical Devices Witnesses a Surge
Global Medical Devices Market Size (in US$ Billion) for the Years 2021, 2023, 2025 and 2027
Rising Popularity of TPEs for Medical Tubing Applications
Global Medical Tubing Market Size in US$ Billion for the Years 2021, 2023, 2025 and 2027
Consumer Goods Industry Drives Demand for TPEs
Surfing Gear Warms Up to Use of Thermoplastic Elastomers
TPEs Find Use in Oil & Gas Industry
Latest Farm Technology Turns to TPEs
Market for Styrenic Block Copolymer Witnesses Robust Growth
Beneficial Properties Fuel Demand for TPU in Various Applications
Bio-based Thermoplastic Elastomers Offer Tremendous Potential for Growth
Innovations & Advancements Boost Market Growth
Standards and Regulations to Broaden the Scope of TPE Market
Key Challenges Facing Thermoplastic Elastomers Market
Global Brent Crude Oil Price Trends (in US$ per barrel) for Feb 2020-May 2022
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
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