Global Thermoplastic Elastomers Market Upcoming Trends, Growth Drivers and Challenges
Thermoplastic Elastomers are polymers having a mix of elastomeric and thermoplastic properties. These are ordinarily alluded to as thermoplastic elastic. These are adaptable and delicate materials that are fit for getting back to their unique length after they are extended. Such elastomers have extraordinary properties including hotness and oil obstruction, tear opposition, low porousness, and further developed grip. Thermoplastic elastomers are utilized in a few end-client businesses, for example, - auto, purchaser products, clinical, development, and numerous others. In view of the sort, the market is characterized into Thermoplastic Polyurethane, Styrene Block Copolymer, Thermoplastic Vulcanizates, and Others.
ChemIntel360’s global Thermoplastic Elastomers market study is a 170+ slide report containing in depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. Despite the adverse effects of the COVID-19 pandemic, the industry is expected to rebound strongly and grow at a CAGR of 5.4% over 2021-2026. The leading factor driving growth is the chemical’s extensive use in manufacture of automotive component parts, the demand for which has witnessed robust growth in light of increasing fuel efficiency requirements.
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Scope
This study contains global and regional market size data. The numbers are broken down by end use (Automotive, Electrical and Electronics, Industrial, Medical, and Others), and by type (Styrene-based TPE, Thermoplastic Polyolefins, Thermoplastic Polyurethanes, Polyether Ester TPE, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Thermoplastic Elastomers market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$19.1 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Geographical Analysis
The dimethyl carbonate market size has spread worldwide, like North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Key Players
The market including some of the major players such as Sinopec Group, Evonik Industries AG, Huntsman International LLC, BASF SE, Dow Inc., Lubrizol Corporation.
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ChemIntel360, part of AgileIntel’s broader research offering, provides an integrated portfolio of quantitative and qualitative research reports on the chemicals sector. Our studies make use of credible market intelligence.
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