Thermoplastic Elastomers Market, By Type (Styrene Block Copolymers, Thermoplastic Polyolefin, Thermoplastic Polyurethanes, Thermoplastic Polyamides, and Others), By Application (Photovoltaic Applications, Household Appliances, Wire & Cables , Adhesives, Sealants and Coatings, Footwear, and Others), By End Use Industry (Automotive, Transportation, Building & Construction, Electrical and Electronics, Medical & Healthcare, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Thermoplastic elastomers, also known as thermoplastic rubbers, are a class of copolymers or a physical mix of thermoplastics and elastomers. They differ from conventional elastomers/rubbers in that they can be melted and reshaped on heating unlike conventional elastomer which decomposes on heating. Thermoplastic elastomers find applications in durable goods like automotive components, footwear, medical devices, and various consumer and industrial goods owing to their properties of elasticity and flexibility similar to rubber but can be processed and recycled like thermoplastics. Rising demand from end-use industries along with growth in global automotive production is expected to drive the growth of the thermoplastic elastomers market in the coming years.
Market Dynamics:
The global thermoplastic elastomers market is driven by factors such as growing demand from the automotive industry for lightweight and durable components, increasing demand for footwear, and rising consumption of consumer goods. Thermoplastic elastomers are widely used in the automotive industry to manufacture bumpers, door panels, instrument panels, and other components owing to their ability to withstand mechanical impact. According to International Organization of Motor Vehicle Manufacturers, the global vehicle production increased from around 83 million units in 2015 to over 95 million units in 2019. Growth in vehicle production is expected to propel the demand for thermoplastic elastomers in the coming years. However, volatility in raw material prices due to supply demand gaps is expected to restrain the market growth. The development of bio-based thermoplastic elastomers presents tremendous opportunity for sustainable growth of the market in the upcoming decade.
Key Features of the Study:
This report provides an in-depth analysis of the global thermoplastic elastomers market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global thermoplastic elastomers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Arkema S.A., Asahi Kasei Corporation, Avient Corporation, Celanese Corporation, Covestro AG, DuPont de Nemours, Inc., Elastron Kimya A.S., Evonik Industries AG, Huntsman International LLC, Mitsui Chemicals, Inc., Kraton Corporation, Eastman Chemical Company, SIBUR, Versalis S.p.A., JSR Corporation, Kuraray Co., Ltd , LCY Chemical Corp, SK Chemicals, Tosoh Corporation, TSRC Corporation, and Interplast.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global thermoplastic elastomers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global thermoplastic elastomers market.
Detailed Segmentation-
By Type:
Styrene Block Copolymers
Thermoplastic Polyolefin
Thermoplastic Polyurethanes
Thermoplastic Polyamides
Others (Thermoplastic Vulcanizates, etc.)
By Application:
Photovoltaic Applications
Household Appliances
Wire & Cables
Adhesives
Sealants and Coatings
Footwear
Others (Tires and Tubes etc.)
By End Use Industry:
Automotive
Transportation
Building & Construction
Electrical and Electronics
Medical & Healthcare
Others (Consumer Goods etc.)
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Arkema S.A.
Asahi Kasei Corporation
Avient Corporation
Celanese Corporation
Covestro AG
DuPont de Nemours, Inc.
Elastron Kimya A.S.
Evonik Industries AG
Huntsman International LLC
Mitsui Chemicals, Inc.
Kraton Corporation
Eastman Chemical Company
SIBUR
Versalis S.p.A.
JSR Corporation
Kuraray Co., Ltd
LCY Chemical Corp
SK Chemicals
Tosoh Corporation
TSRC Corporation
Interplast
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Application
Market Snippet, By End Use Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Thermoplastic Elastomers Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Thermoplastic Elastomers Market
Impact Analysis
5. Global Thermoplastic Elastomers Market, By Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Styrene Block Copolymers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Thermoplastic Polyolefin
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Thermoplastic Polyurethanes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Thermoplastic Polyamides
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others (Thermoplastic Vulcanizates, etc.)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
6. Global Thermoplastic Elastomers Market, By Application, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Photovoltaic Applications
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Household Appliances
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Wire & Cables
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Adhesives
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Sealants and Coatings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Footwear
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others (Tires and Tubes etc.)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
7. Global Thermoplastic Elastomers Market, By End Use Industry, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Transportation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Building & Construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Electrical and Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Medical & Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others (Consumer Goods etc.)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
8. Global Thermoplastic Elastomers Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019-2031
North America
Introduction
Market Size and Forecast, By Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End Use Industry, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Type, 2019 – 2031, (US$ Bn))
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End Use Industry, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End Use Industry, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End Use Industry, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
Market Size and Forecast, By End Use Industry, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
GCC Countries
Israel
Rest of Middle East & Africa
9. Competitive Landscape
Market Share Analysis
Company Profiles
Angus Dundee Distillers Plc
Company Overview
Product Portfolio
Recent Developments/Updates
Arkema S.A.
Company Overview
Product Portfolio
Recent Developments/Updates
Asahi Kasei Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
Avient Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
Celanese Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
Covestro AG
Company Overview
Product Portfolio
Recent Developments/Updates
DuPont de Nemours, Inc.
Company Overview
Product Portfolio
Recent Developments/Updates
Elastron Kimya A.S.
Company Overview
Product Portfolio
Recent Developments/Updates
Evonik Industries AG
Company Overview
Product Portfolio
Recent Developments/Updates
Huntsman International LLC
Company Overview
Product Portfolio
Recent Developments/Updates
Mitsui Chemicals, Inc.
Kraton Corporation
Eastman Chemical Company
SIBUR
Versalis S.p.A.
JSR Corporation
Kuraray Co., Ltd
LCY Chemical Corp
SK Chemicals
Tosoh Corporation
TSRC Corporation
Interplast
10. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. Section
References
Research Methodology
About Us and Sales Contact
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