Global Thermoplastic Elastomers Market 2023-2030

Global Thermoplastic Elastomers Market 2023-2030



Market Outlook

Triton’s report suggests that the global thermoplastic elastomers market is anticipated to advance with a growth rate of 6.37% in value and 2.61% in volume over the forecast period 2023-2030.

Factors such as the application of TPE as an alternative to thermoset elastomers, the launch of 3D printing, and growing adoption in the automotive industry drive the thermoplastic elastomers market. TPEs are widely adopted in the automotive sector, including in producing car panels, seat backs, belts, handles, and door liners. Moreover, they make vehicles more energy-efficient by lowering weight and offering durability and corrosion resistance.

However, reduced volume consumption of TPE due to lightweight trends and volatile cost of raw materials restrict the studied market’s progression.

REGIONAL OUTLOOK

The global thermoplastic elastomers market covers Latin America, Europe, North America, Asia-Pacific, and the Middle East and Africa regions.

The Asia-Pacific is estimated to witness the fastest growth over the projected phase. This growth can be attributed to the rising need for construction materials owing to infrastructure development. Other than this, increased regulations to reduce C02 emissions across China, South Korea, and India are expected to support the adoption of thermoplastic elastomers in various applications, including automotive parts, tires, and plastic products.

Competitive Outlook

The notable companies in the thermoplastic elastomers market consist of Asahi Kasei Corporation, Arkema SA, Covestro AG, Evonik Industries AG, Lubrizol Corporation, BASF SE, LG Chem Ltd, Dynasol Group, Kraton Corporation, and The Dow Chemical Company.

BASF SE is engaged in developing and commercializing chemical products and solutions for various sectors, including agriculture, energy, pharmaceuticals, nutrition, and paints & coatings. The company offers polyurethane for manufacturers of casual shoes, boots, and sports shoes. BASF has product facilities across 90 nations, with headquarters based in Germany.


1. Global Thermoplastic Elastomers Market - Summary
2. Industry Outlook
2.1. Parent Market Analysis
2.2. Impact Analysis On The Thermoplastic Elastomers Market
2.2.1. Covid-19 Impact
2.2.2. Impact Of Russia-ukraine War
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Maturity Analysis
2.5. Industry Components
2.5.1. Raw Materials Manufacturer
2.5.2. Polymer Compounding
2.5.3. End-user
2.6. Regulatory Framework
2.7. Key Market Strategies
2.7.1. Collaborations
2.7.2. Product Launches
2.7.3. Mergers & Acquisitions
2.7.4. Business Divestitures & Expansions
2.8. Market Drivers
2.8.1. Application Of Thermoplastic Elastomer As A Substitute For Thermoset Elastomer
2.8.2. Introduction Of 3d Printing Technology
2.8.3. Growing Demand In The Automotive Sector
2.9. Market Challenges
2.9.1. Reduced Volume Consumption Due To The Lightweight And Miniaturization Trends
2.9.2. Price Fluctuations In Raw Materials
2.10. Market Opportunities
2.10.1. Lightweight Materials Support Product Weight Reduction
2.10.2. Growing Use Of Thermoplastic Elastomers In Recyclability Improvement Projects
2.10.3. Thermoplastic Elastomers Support In Co2 Emission Reduction
2.11. Analyst Perspective
3. Global Thermoplastic Elastomers Market – By Material Type
3.1. Polystyrene
3.2. Polyamide
3.3. Polyolefin
3.4. Polyurethane
3.5. Elastomeric Alloy
3.6. Other Material Types
4. Global Thermoplastic Elastomers Market – By Industry Vertical
4.1. Medical
4.2. Building & Construction
4.3. Industrial
4.4. Consumer Goods
4.5. Electrical & Electronics
4.6. Automotive
4.7. Other Industry Verticals
5. Global Thermoplastic Elastomers Market – By Regional Outlook
5.1. North America
5.1.1. Market By Material Type
5.1.2. Market By Industry Vertical
5.1.3. Country Analysis
5.1.3.1. United States
5.1.3.1.1. United States Thermoplastic Elastomers Market Forecast & Prospects
5.1.3.2. Canada
5.1.3.2.1. Canada Thermoplastic Elastomers Market Forecast & Prospects
5.2. Europe
5.2.1. Market By Material Type
5.2.2. Market By Industry Vertical
5.2.3. Country Analysis
5.2.3.1. Germany
5.2.3.1.1. Germany Thermoplastic Elastomers Market Forecast & Prospects
5.2.3.2. United Kingdom
5.2.3.2.1. United Kingdom Thermoplastic Elastomers Market Forecast & Prospects
5.2.3.3. France
5.2.3.3.1. France Thermoplastic Elastomers Market Forecast & Prospects
5.2.3.4. Italy
5.2.3.4.1. Italy Thermoplastic Elastomers Market Forecast & Prospects
5.2.3.5. Spain
5.2.3.5.1. Spain Thermoplastic Elastomers Market Forecast & Prospects
5.2.3.6. Rest Of Europe
5.2.3.6.1. Rest Of Europe Thermoplastic Elastomers Market Forecast & Prospects
5.3. Asia-pacific
5.3.1. Market By Material Type
5.3.2. Market By Industry Vertical
5.3.3. Country Analysis
5.3.3.1. China
5.3.3.1.1. China Thermoplastic Elastomers Market Forecast & Prospects
5.3.3.2. Japan
5.3.3.2.1. Japan Thermoplastic Elastomers Market Forecast & Prospects
5.3.3.3. India
5.3.3.3.1. India Thermoplastic Elastomers Market Forecast & Prospects
5.3.3.4. South Korea
5.3.3.4.1. South Korea Thermoplastic Elastomers Market Forecast & Prospects
5.3.3.5. Asean Countries
5.3.3.5.1. Asean Countries Thermoplastic Elastomers Market Forecast & Prospects
5.3.3.6. Australia & New Zealand
5.3.3.6.1. Australia & New Zealand Thermoplastic Elastomers Market Forecast & Prospects
5.3.3.7. Rest Of Asia-pacific
5.3.3.7.1. Rest Of Asia-pacific Thermoplastic Elastomers Market Forecast & Prospects
5.4. Latin America
5.4.1. Market By Material Type
5.4.2. Market By Industry Vertical
5.4.3. Country Analysis
5.4.3.1. Brazil
5.4.3.1.1. Brazil Thermoplastic Elastomers Market Forecast & Prospects
5.4.3.2. Mexico
5.4.3.2.1. Mexico Thermoplastic Elastomers Market Forecast & Prospects
5.4.3.3. Rest Of Latin America
5.4.3.3.1. Rest Of Latin America Thermoplastic Elastomers Market Forecast & Prospects
5.5. Middle East And Africa
5.5.1. Market By Material Type
5.5.2. Market By Industry Vertical
5.5.3. Country Analysis
5.5.3.1. United Arab Emirates
5.5.3.1.1. United Arab Emirates Thermoplastic Elastomers Market Forecast & Prospects
5.5.3.2. Saudi Arabia
5.5.3.2.1. Saudi Arabia Thermoplastic Elastomers Market Forecast & Prospects
5.5.3.3. Turkey
5.5.3.3.1. Turkey Thermoplastic Elastomers Market Forecast & Prospects
5.5.3.4. South Africa
5.5.3.4.1. South Africa Thermoplastic Elastomers Market Forecast & Prospects
5.5.3.5. Rest Of Middle East & Africa
5.5.3.5.1. Rest Of Middle East & Africa Thermoplastic Elastomers Market Forecast & Prospects
6. Competitive Landscape
6.1. Arkema Sa
6.1.1. Overview
6.1.2. Product Portfolio
6.1.3. Key Strengths
6.1.4. Key Challenges
6.2. Basf Se
6.2.1. Overview
6.2.2. Product Portfolio
6.2.3. Key Strengths
6.2.4. Key Challenges
6.3. Asahi Kasei Corporation
6.3.1. Overview
6.3.2. Product Portfolio
6.3.3. Key Strengths
6.3.4. Key Challenges
6.4. Covestro Ag
6.4.1. Overview
6.4.2. Product Portfolio
6.4.3. Key Strengths
6.4.4. Key Challenges
6.5. Dynasol Group
6.5.1. Overview
6.5.2. Product Portfolio
6.5.3. Key Strengths
6.5.4. Key Challenges
6.6. The Dow Chemical Company
6.6.1. Overview
6.6.2. Product Portfolio
6.6.3. Key Strengths
6.6.4. Key Challenges
6.7. Evonik Industries Ag
6.7.1. Overview
6.7.2. Product Portfolio
6.7.3. Key Strengths
6.7.4. Key Challenges
6.8. Lg Chem Ltd
6.8.1. Overview
6.8.2. Product Portfolio
6.8.3. Key Strengths
6.8.4. Key Challenges
6.9. Lubrizol Corporation
6.9.1. Overview
6.9.2. Product Portfolio
6.9.3. Key Strengths
6.9.4. Key Challenges
6.10. Kraton Corporation
6.10.1. Overview
6.10.2. Product Portfolio
6.10.3. Key Strengths
6.10.4. Key Challenges
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources Of Data
7.3. Research Methodology
Table List
Table 1: Global Thermoplastic Elastomers Market, By Regional Outlook, 2023-2030 (In $ Million)
Table 2: Global Thermoplastic Elastomers Market, By Regional Outlook, 2023-2030 (In Kiloton)
Table 3: Regulatory Framework
Table 4: List Of Collaborations
Table 5: List Of Product Launches
Table 6: List Of Mergers & Acquisitions
Table 7: List Of Business Divestitures & Expansions
Table 8: Global Thermoplastic Elastomers Market, By Material Type, 2023-2030 (In $ Million)
Table 9: Global Thermoplastic Elastomers Market, By Industry Vertical, 2023-2030 (In $ Million)
Table 10: Global Thermoplastic Elastomers Market, By Regional Outlook, 2023-2030 (In $ Million)
Table 11: Global Thermoplastic Elastomers Market, By Regional Outlook, 2023-2030 (In Kiloton)
Table 12: North America Thermoplastic Elastomers Market, By Country Outlook, 2023-2030 (In $ Million)
Table 13: North America Thermoplastic Elastomers Market, By Country Outlook, 2023-2030 (In Kiloton)
Table 14: North America Thermoplastic Elastomers Market, By Material Type, 2023-2030 (In $ Million)
Table 15: North America Thermoplastic Elastomers Market, By Industry Vertical, 2023-2030 (In $ Million)
Table 16: Europe Thermoplastic Elastomers Market, By Country Outlook, 2023-2030 (In $ Million)
Table 17: Europe Thermoplastic Elastomers Market, By Country Outlook, 2023-2030 (In Kiloton)
Table 18: Europe Thermoplastic Elastomers Market, By Material Type, 2023-2030 (In $ Million)
Table 19: Europe Thermoplastic Elastomers Market, By Industry Vertical, 2023-2030 (In $ Million)
Table 20: Asia-pacific Thermoplastic Elastomers Market, By Country Outlook, 2023-2030 (In $ Million)
Table 21: Asia-pacific Thermoplastic Elastomers Market, By Country Outlook, 2023-2030 (In Kiloton)
Table 22: Asia-pacific Thermoplastic Elastomers Market, By Material Type, 2023-2030 (In $ Million)
Table 23: Asia-pacific Thermoplastic Elastomers Market, By Industry Vertical, 2023-2030 (In $ Million)
Table 24: Latin America Thermoplastic Elastomers Market, By Country Outlook, 2023-2030 (In $ Million)
Table 25: Latin America Thermoplastic Elastomers Market, By Country Outlook, 2023-2030 (In Kiloton)
Table 26: Latin America Thermoplastic Elastomers Market, By Material Type, 2023-2030 (In $ Million)
Table 27: Latin America Thermoplastic Elastomers Market, By Industry Vertical, 2023-2030 (In $ Million)
Table 28: Middle East And Africa Thermoplastic Elastomers Market, By Country Outlook, 2023-2030 (In $ Million)
Table 29: Middle East And Africa Thermoplastic Elastomers Market, By Country Outlook, 2023-2030 (In Kiloton)
Table 30: Middle East And Africa Thermoplastic Elastomers Market, By Material Type, 2023-2030 (In $ Million)
Table 31: Middle East And Africa Thermoplastic Elastomers Market, By Industry Vertical, 2023-2030 (In $ Million)
Figure List
Figure 1: Market Maturity Analysis
Figure 2: Industry Components
Figure 3: Global Thermoplastic Elastomers Market, By Material Type, 2022 & 2030 (In %)
Figure 4: Global Thermoplastic Elastomers Market, By Polystyrene, 2023-2030 (In $ Million)
Figure 5: Global Thermoplastic Elastomers Market, By Polyamide, 2023-2030 (In $ Million)
Figure 6: Global Thermoplastic Elastomers Market, By Polyolefin, 2023-2030 (In $ Million)
Figure 7: Global Thermoplastic Elastomers Market, By Polyurethane, 2023-2030 (In $ Million)
Figure 8: Global Thermoplastic Elastomers Market, By Elastomeric Alloy, 2023-2030 (In $ Million)
Figure 9: Global Thermoplastic Elastomers Market, By Other Material Types, 2023-2030 (In $ Million)
Figure 10: Global Thermoplastic Elastomers Market, By Industry Vertical, 2022 & 2030 (In %)
Figure 11: Global Thermoplastic Elastomers Market, By Medical, 2023-2030 (In $ Million)
Figure 12: Global Thermoplastic Elastomers Market, By Building & Construction, 2023-2030 (In $ Million)
Figure 13: Global Thermoplastic Elastomers Market, By Industrial, 2023-2030 (In $ Million)
Figure 14: Global Thermoplastic Elastomers Market, By Consumer Goods, 2023-2030 (In $ Million)
Figure 15: Global Thermoplastic Elastomers Market, By Electrical & Electronics, 2023-2030 (In $ Million)
Figure 16: Global Thermoplastic Elastomers Market, By Automotive, 2023-2030 (In $ Million)
Figure 17: Global Thermoplastic Elastomers Market, By Other Industry Verticals, 2023-2030 (In $ Million)
Figure 18: Global Thermoplastic Elastomers Market, By Regional Outlook, 2022 & 2030 (In %)
Figure 19: United States Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 20: Canada Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 21: Germany Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 22: United Kingdom Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 23: France Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 24: Italy Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 25: Spain Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 26: Rest Of Europe Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 27: China Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 28: Japan Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 29: India Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 30: South Korea Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 31: Asean Countries Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 32: Australia & New Zealand Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 33: Rest Of Asia-pacific Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 34: Brazil Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 35: Mexico Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 36: Rest Of Latin America Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 37: United Arab Emirates Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 38: Saudi Arabia Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 39: Turkey Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 40: South Africa Thermoplastic Elastomers Market 2023-2030 (In $ Million)
Figure 41: Rest Of Middle East & Africa Thermoplastic Elastomers Market 2023-2030 (In $ Million)

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