Thermoplastic Elastomer Market by Type (Copolyester Ether Elastomers, Polyether Block Amide Elastomers, Styrenic Block Copolymer), End Use Industry (Aerospace & Defense, Automotive, Building & Construction) - Global Forecast 2023-2030
The Thermoplastic Elastomer Market is projected to reach USD 58.39 billion by 2030 from USD 33.34 billion in 2022, at a CAGR of 7.25% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Thermoplastic Elastomer Market.
- Based on Type, market is studied across Copolyester Ether Elastomers, Polyether Block Amide Elastomers, Styrenic Block Copolymer, Thermoplastic Polyolefins, Thermoplastic Polyurethane, and Thermoplastic Vulcanizates. The Thermoplastic Polyolefins commanded largest market share of 21.23% in 2022, followed by Thermoplastic Polyurethane.
- Based on End Use Industry, market is studied across Aerospace & Defense, Automotive, Building & Construction, Consumer Goods & Sports, Engineering, Medical, and Wires & Cables. The Automotive commanded largest market share of 18.12% in 2022, followed by Consumer Goods & Sports.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 42.12% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Thermoplastic Elastomer Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Thermoplastic Elastomer Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Thermoplastic Elastomer Market, highlighting leading vendors and their innovative profiles. These include Arkema S.A., Asahi Kasei Corporation, Aurora Plastics, LLC, Avient Corporation, BASF SE, Biesterfeld AG, Celanese Corporation, China Petroleum & Chemical Corporation, Covestro AG, Distrupol, DuPont de Nemours, Inc., Elastron Kimya Sanayi ve Ticaret A.Ş., Evonik Industries AG, Exxon Mobil Corporation, Huntsman International LLC, KRAIBURG TPE, Kraton Corporation, LCY Chemical Corp., Lubrizol Corporation, LyondellBasell Industries N.V., Mitsubishi Chemical Holdings Corporation, Mitsui Chemicals, Inc., Moriroku Chemicals Company, Ltd., RTP Company, Shin-Etsu Polymer Co., Ltd., SIBUR International GmbH, Teknor Apex Company, Inc., The Dow Chemical Company, Tosoh Corporation, TSRC Corporation, and Zeon Corporation.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Thermoplastic Elastomer Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Thermoplastic Elastomer Market?
- What is the competitive strategic window for identifying opportunities in the Thermoplastic Elastomer Market?
- What are the latest technology trends and regulatory frameworks in the Thermoplastic Elastomer Market?
- What is the market share of the leading vendors in the Thermoplastic Elastomer Market?
- Which modes and strategic moves are suitable for entering the Thermoplastic Elastomer Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Thermoplastic Elastomer Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising Use of Thermoplastic Elastomer in Automotive Applications
- 5.1.1.2. Increasing Adoption of Consumer Electronics Goods
- 5.1.1.3. Growing Investments in Building and Construction Sector for Infrastructure Development
- 5.1.2. Restraints
- 5.1.2.1. Price Volatility Associated with Production of Thermoplastic Elastomer (TPE)
- 5.1.3. Opportunities
- 5.1.3.1. Emerging Applications of Thermoplastic Elastomer with Material Enhancements
- 5.1.3.2. Development of Bio-based Thermoplastic Elastomers
- 5.1.4. Challenges
- 5.1.4.1. Limited Sustainability with Thermoplastic Elastomer (TPE) and Its Production
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Proliferating use of thermoplastic elastomer in high-performance and heat resistance applications
- 5.2.2. End Use Industry: Growing demand for TPE in engineering and automotive industries to manufacture lightweight and durable products
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Thermoplastic Elastomer Market, by Type
- 6.1. Introduction
- 6.2. Copolyester Ether Elastomers
- 6.3. Polyether Block Amide Elastomers
- 6.4. Styrenic Block Copolymer
- 6.5. Thermoplastic Polyolefins
- 6.6. Thermoplastic Polyurethane
- 6.7. Thermoplastic Vulcanizates
- 7. Thermoplastic Elastomer Market, by End Use Industry
- 7.1. Introduction
- 7.2. Aerospace & Defense
- 7.3. Automotive
- 7.4. Building & Construction
- 7.5. Consumer Goods & Sports
- 7.6. Engineering
- 7.7. Medical
- 7.8. Wires & Cables
- 8. Americas Thermoplastic Elastomer Market
- 8.1. Introduction
- 8.2. Argentina
- 8.3. Brazil
- 8.4. Canada
- 8.5. Mexico
- 8.6. United States
- 9. Asia-Pacific Thermoplastic Elastomer Market
- 9.1. Introduction
- 9.2. Australia
- 9.3. China
- 9.4. India
- 9.5. Indonesia
- 9.6. Japan
- 9.7. Malaysia
- 9.8. Philippines
- 9.9. Singapore
- 9.10. South Korea
- 9.11. Taiwan
- 9.12. Thailand
- 9.13. Vietnam
- 10. Europe, Middle East & Africa Thermoplastic Elastomer Market
- 10.1. Introduction
- 10.2. Denmark
- 10.3. Egypt
- 10.4. Finland
- 10.5. France
- 10.6. Germany
- 10.7. Israel
- 10.8. Italy
- 10.9. Netherlands
- 10.10. Nigeria
- 10.11. Norway
- 10.12. Poland
- 10.13. Qatar
- 10.14. Russia
- 10.15. Saudi Arabia
- 10.16. South Africa
- 10.17. Spain
- 10.18. Sweden
- 10.19. Switzerland
- 10.20. Turkey
- 10.21. United Arab Emirates
- 10.22. United Kingdom
- 11. Competitive Landscape
- 11.1. FPNV Positioning Matrix
- 11.2. Market Share Analysis, By Key Player
- 11.3. Competitive Scenario Analysis, By Key Player
- 11.3.1. Merger & Acquisition
- 11.3.1.1. On April 20th, 2021 the European Union (EU) approved Celanese Corporation’s acquisition of Dupont Engineering Polymers.
- 11.3.1.2. Aurora Plastics and Enviroplas Announced Merger.
- 11.3.1.3. Mitsubishi Chemical Acquired Thermoplastic Elastomer Business.
- 11.3.2. Agreement, Collaboration, & Partnership
- 11.3.2.1. Eastman and Exolon Group Collaboration to Enhance Rigid Medical Packaging.
- 11.3.2.2. Teknor Apex and UBQ Partnered on Sustainable Thermoplastic Elastomer Solutions.
- 11.3.2.3. Nexeo Plastics to Distribute Teknor Apex Portfolio of Thermoplastic Elastomers in Europe
- 11.3.2.4. Avient Announces Industry-First Carbon Negative and Carbon Neutral Thermoplastic Elastomers.
- 11.3.2.5. Novoloop Partners with On to Introduce the World’s First Chemically Upcycled TPU Outsole in Cloudprime.
- 11.3.3. New Product Launch & Enhancement
- 11.3.3.1. Avient Launches Automotive-Specific Grades within its reSound REC Recycled Content TPEs Portfolio
- 11.3.3.2. Prism Worldwide announces the commercial availability of Ancora C-1000 Thermoplastic Elastomer, which contains 50% post-consumer recycled content derived from end-of-life tires
- 11.3.3.3. Kraiburg TPE to Unveil Innovative Automotive, Medical, and Sustainable Thermoplastic Elastomers at Chinaplas 2021.
- 11.3.3.4. Hexpol TPE Launches Medical Mass Balance Thermoplastic Elastomers.
- 11.3.3.5. The Future of Thermoplastic Elastomers is Here!
- 11.3.3.6. Avient Expands Resound TPE Portfolio.
- 11.3.4. Investment & Funding
- 11.3.4.1. Novoloop Extends Series A Round to USD 21M.
- 11.3.5. Award, Recognition, & Expansion
- 11.3.5.1. Covestro’s Plans to Construct the Largest Thermoplastic Polyurethanes Site in North America
- 11.3.5.2. Audia Elastomers Opens New Manufacturing Facility in Changshu, China.
- 12. Competitive Portfolio
- 12.1. Key Company Profiles
- 12.1.1. Arkema S.A.
- 12.1.2. Asahi Kasei Corporation
- 12.1.3. Aurora Plastics, LLC
- 12.1.4. Avient Corporation
- 12.1.5. BASF SE
- 12.1.6. Biesterfeld AG
- 12.1.7. Celanese Corporation
- 12.1.8. China Petroleum & Chemical Corporation
- 12.1.9. Covestro AG
- 12.1.10. Distrupol
- 12.1.11. DuPont de Nemours, Inc.
- 12.1.12. Elastron Kimya Sanayi ve Ticaret A.Ş.
- 12.1.13. Evonik Industries AG
- 12.1.14. Exxon Mobil Corporation
- 12.1.15. Huntsman International LLC
- 12.1.16. KRAIBURG TPE
- 12.1.17. Kraton Corporation
- 12.1.18. LCY Chemical Corp.
- 12.1.19. Lubrizol Corporation
- 12.1.20. LyondellBasell Industries N.V.
- 12.1.21. Mitsubishi Chemical Holdings Corporation
- 12.1.22. Mitsui Chemicals, Inc.
- 12.1.23. Moriroku Chemicals Company, Ltd.
- 12.1.24. RTP Company
- 12.1.25. Shin-Etsu Polymer Co., Ltd.
- 12.1.26. SIBUR International GmbH
- 12.1.27. Teknor Apex Company, Inc.
- 12.1.28. The Dow Chemical Company
- 12.1.29. Tosoh Corporation
- 12.1.30. TSRC Corporation
- 12.1.31. Zeon Corporation
- 12.2. Key Product Portfolio
- 13. Appendix
- 13.1. Discussion Guide
- 13.2. License & Pricing
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