Thermoplastic Elastomers Global Market to Reach $39.1 Billion by 2030: Beneficial Properties Fuel Demand for TPU in Various Applications

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Global Market for Thermoplastic Elastomers

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) -

• Arkema S.A.

• Asahi Kasei Corporation

• Avient Corporation

• BASF SE

• Celanese Corporation

• Covestro AG

• DuPont de Nemours, Inc.

• Evonik Industries AG

• Exxon Mobil Corporation

• Huntsman International LLC

• Kraiburg TPE GmbH & Co. KG

• Kraton Corporation

• Lubrizol Corporation

• LyondellBasell Industries N.V.

• Mitsubishi Chemical Corporation

• Teknor Apex Company

• Tosoh Corporation

• Versalis S.p.A.

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

Key Attributes:

Report Attribute	Details
No. of Pages	486
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$22.6 Billion
Forecasted Market Value (USD) by 2030	$39.1 Billion
Compound Annual Growth Rate	7.1%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

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

• Competition

• Thermoplastic Elastomers - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• World Brands

• 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

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/om88ua

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• Global Market for Thermoplastic Elastomers

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