Global Thermoplastic Elastomers (TPE) Market
Dublin, Sept. 02, 2022 (GLOBE NEWSWIRE) -- The "Global Thermoplastic Elastomers (TPE) Market by Type (SBC, TPU, TPO, TPV, COPE, PEBA), End-use Industry (Automotive, Building & Construction, Footwear, Wire & Cable, Medical, Engineering) and Region (North America, APAC, Europe, RoW) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global thermoplastic elastomers market is estimated to be USD 24.7 billion in 2022 and is projected to reach USD 33.9 billion by 2027, at a CAGR of 6.5%. Thermoplastic elastomers provide the characteristics of both plastics and elastomers.
There are several type of thermoplastic elastomers are available in the market such as styrenic block copolymer (SBC), thermoplastic polyurethane (TPU), thermoplastic vulcanizates (TPV), thermoplastic polyolefin (TPO), polyester ether elastomer (COPE), and polyether block amide elastomer (PEBA), which are differentiated on the basis of price and performance. The properties such as easy moldability, heat stability, smoothness, wear resistance, and scratch resistance are widely used to provide the several properties in end-use industries.
Owing to the recovery of several end-use industries such as automotive and construction, from COVID-19 pandemic, and the increasing penetration of electric vehicles (EVs) worldwide is projected to increase the demand for thermoplastic elastomers in forecast period. The eco-friendly property of thermoplastic elastomers, increasing demand from automotive industry, and the advance development in the thermoplastic elastomer processing industry to boost the demand of thermoplastic elastomers in forecast period.
By Type, the Polyether Block Amide segment accounted for the highest CAGR during the forecast period
Polyether Block Amide (PEBA ) elastomer is estimated to be the fastest growing market during the forecast period. The Polyether Block Amide elastomer is used to provide good resistance to heat, chemicals, and solvents in several industries included automotive, footwear, wires & cables. There are several ways to processed Polyether Block Amide elastomers, such as injection molding, extrusion, and thermoforming. Properties such as easy processing, high performance, and cost-effectiveness will drive the demand of Polyether Block Amide in several application in the forecast period.
By End-use Industry, the Footwear industry accounted for the highest CAGR during the forecast period
Footwear industry is estimated to be the fastest growing market for thermoplastic elastomers market owing to the increase in the usage of thermoplastic elastomers in shoe soles, footwear foams, midsoles, inserts, heel cups, logos, plates & studs, shank toe caps, and heels. The changing consumer pattern and the worldwide rising demand for lightweight and flexible shoes are the key factors increasing the demand for thermoplastic elastomers in footwear industry.
Asia-Pacific is projected to account for the highest CAGR in the thermoplastic elastomer market during the forecast period
Asia-Pacific is estimated to be the fastest growing thermoplastic elastomers market in the forecast period. Thermoplastic elastomers market is projected to grow in China, Japan, and India due to its rising demand from end-use industries such as automotive, building & construction, footwear, and others in the region. The rising trend of electric vehicles and economic growth of in countries such as China and India are the key factors driving the growth of the thermoplastic elastomers market in Asia-Pacific region.
Recovery of Automotive Industry and Growing Penetration of EVs
Stringent Emission Regulations and Standards in Developed Countries
Increasing Demand for Medical Elastomers
Higher Cost of Thermoplastic Elastomers and Increasing Raw Material Prices
Emerging Market for Bio-based Thermoplastic Elastomers
6 Thermoplastic Elastomers Market, by Type
7 Thermoplastic Elastomers Market, by End-use Industry
8 Thermoplastic Elastomers Market, by Region
For more information about this report visit https://www.researchandmarkets.com/r/lhckad
Global Thermoplastic Elastomers (TPE) Market
If there is one thing that we learned from Jackson Hole, it’s that the Fed tells markets what to do — not the other way around.
Forty-three empty folders with classified banners were recovered from an office and storage closet during a search, according to court documents
AN ISLE of Wight man who shot and injured a protected bird, which later had to be put down, has appeared in court.
The UK continues to have its warmest year ever, provisional statistics show
More money and "incentives" for dental surgeries are among new measures meant to ease backlogs and soaring demand for care.
All but two of the south east London boroughs had a decrease in those who cycled once a week last year, new data shows.
From indie US cinema to 2022 festival favourites, this year’s selection is an eye-wateringly strong one, with 13 films in main competition and plenty of stars gracing the French northwestern city on the Atlantic coast.
Amanda Holden shows off holiday outfit in bizzare parody videoAmanda Holden
After a new U.N. report concluded that China's crackdown in its far-west Xinjiang region may constitute crimes against humanity, China is using a well-worn tactic to deflect criticism: blame a Western conspiracy
The decision was taken following an open public call for suggestions to name the bridge.
Meghan would build on Diana’s legacy, double down on the incredible deeds of human compassion which Diana excelled at, with the bonus of diversity attached. Meghan Markle missed a vital point: most of us don’t want to be saved by Meghan Markle.
‘This usurper must be impeached and removed from office immediately upon MAGA coming to power,’ former White House adviser said
The chancellor is preparing a multibillion-pound package of tax cuts to help businesses struggling with soaring energy costs. Nadhim Zahawi is drawing up emergency plans to save companies on the brink of collapse for the incoming prime minister, who will be named on Monday. According to The Times, the chancellor believes the government can learn from the pandemic and introduce targeted cuts in VAT and business rates to protect the retail and hospitality sectors.
‘There are families behind this tragedy,’ she said
Cost-of-living support from the Government will need to extend into 2023 to help defeat the tactics used by Vladimir Putin, according to the Chancellor Nadhim Zahawi.
He has outlasted eight other people who have served as prime minister since 1900.
THE carnival comes to Ryde tonight (Thursday), and Southern Vectis has warned of diversions affecting its bus route.
It’s one of the biggest criticisms levelled at modern electric cars: yes, the official range figures look fine – but you’ll rarely get close to them in the real world.
London renters have told of their struggles to find a property with bidding wars, packed viewings, and constant rejections.The past three months have seen an annual rise of rental prices across the capital of 15.8%, according to Right Move, amid a scramble for flats.Some have even reported being required to have six months of rent available to secure a viewing.One affected renter, Alicia Leech, said she had to up her individual budget from £800 to £1,000 a month after all her and her friends’ offers for flats were so far rejected.
Users no more likely to lack motivation than non-users – but motivation may wane while under the influence