Global Thermoplastic Elastomer market size in 2021 was USD 21,431 million, market value to grow to USD 39,009 million by 2030 at 7.1% CAGR as per Acumen Research and Consulting
Thermoplastic Elastomer Market Overview
Thermoplastic elastomers (TPEs) are a type of polymer material that combines the properties of both thermoplastics and elastomers. They have the ability to be stretched and molded like rubber, but can also be melted and reshaped like thermoplastics. This makes TPE an attractive material for a wide range of applications where flexibility, durability, and ease of processing are desired. They are widely used in the automotive, construction, consumer goods, and healthcare industries.
The thermoplastic elastomers market is expected to continue to grow in the coming years, driven by factors such as the increasing demand for sustainable materials and the increasing use of TPEs in new applications.
Thermoplastic Elastomer Market Segmentation
There are several ways that the thermoplastic elastomer market can be segmented, namely:
- Type of polymer: Polyolefins, Polyurethanes, Polystyrene and other polymers.
- End-use applications: Automotive parts, toys, and medical devices
- Processing method: injection molding, extrusion, and blow molding.
- Mechanical property profile: hardness, tensile strength, and tear resistance.
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Dynamics of the Thermoplastic Elastomer Market
- Increasing demand for lightweight materials: TPEs are being used heavily in the automotive industry as a substitute for traditional materials such as rubber and PVC, due to their ability to provide similar performance with a lower weight.
- Growing demand from the construction industry: TPEs are being used in a variety of construction applications, such as seals, gaskets, and membranes, as they have the ability to withstand extreme temperatures and harsh environments.
- Rising demand for sustainable materials: TPEs are being used as a substitute for traditional materials in various applications due to their ability to reduce the environmental impact of a product. TPEs can be recycled and reused, leading to a reduction in waste.
- Increasing adoption in the healthcare industry for manufacturing disposable medical devices, drug delivery systems, and medical packaging, as they are biocompatible and can be sterilized.
- Technological advancements in polymer synthesis and processing technologies leading to the development of new and improved TPEs with enhanced properties and performance.
Thermoplastic Elastomer Market Overview by Region
- Asia Pacific: The TPE market in the Asia Pacific region is expected to grow at the highest rate due to the increasing demand for TPEs in end-use sectors such as automotive, construction, and healthcare. China is the largest market for TPEs in the Asia Pacific region, followed by India and Japan.
- North America: The TPE market in North America is propelled by various industries, and The United States is the largest market for TPEs in North America, followed by Canada.
- Europe: The TPE market in Europe is also an important market and is moderately growing. There is a good demand for sustainable materials in Europe due to environment friendly laws and regulations. Germany is the largest market for TPEs in Europe, followed by France and the United Kingdom.
Key Thermoplastic Elastomer Market Players
- ARLANXEO
- SABIC
- LyondellBasell
- DuPont
- Eastman
- ExxonMobil
- Versalis (Eni)
- Dow
- Kumho Tire
- Asahi Kasei
- @Nizhnekamskneftekhim
- LG Chem
- BASF
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Mar 12, 2020: The global Prosthetics and Orthotics market size is expected to reach USD 13.3 billion by 2027, according to a new report by Radiant Insights, Inc., registering a 4.6% CAGR over the forecast period.
Increasing incidences of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving the market.Rising geriatric population across the globe has become a major factor driving demand for prosthetics and orthotics.
For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050.
The elderly are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/prosthetics-and-orthotics-market/request-sampleIncreasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent.
Around 800 to 900 new cases of osteosarcoma are reported in the U.S. each year as of 2018.Further key findings from the report suggest:In terms of revenue, the orthotics segment is projected to expand at a CAGR of 4.0% over the forecast period.
Increasing cases of diabetes-related amputations across the globe are acting as the driving factor for this segmentBy revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period.
Thermoplastic Elastomers are bendy substances, which may be stretched without completely deforming the shape.
Thermoplastic elastomers are synthetic with the aid of using injection molding and extrusion.
Various vehicle components, along with window handles, gaskets, frame seals, wipers, filler panels, rocker panels, and damping pads are made from thermoplastic elastomers.
The upward thrust in call for safe, mild weight, and less expensive merchandise are a number of the drivers for the boom of the thermoplastic elastomers market.
Expensive uncooked substances and the excessive price of crude oil are the restraint for the thermoplastic elastomer market.
According to International Trade Administration (ITA), a company inside the United States Department of Commerce promotes United States exports of non-agricultural U.S. offerings and goods.
The study will help the market players and consultants to understand the on-going structure of the industry.The thermoplastic polyester elastomer can be known to involve soft and hard segments.
Thermoplastic polyester elastomers have the strength of plastic, flexibility of rubber, and the processibility of thermoplastics.
They can be easily managed by conventional thermoplastic processes like calendaring, injection molding, rotational molding, extrusion, and melt casting.
A thermoplastic elastomer is also utilized to manufacture parts of electrical devices, automobiles, and so forth.This Thermoplastic Polyester Elastomer (TPEE) Market study involved the extensive use of both primary and secondary data sources.
The research report process involved the market dynamic factors affecting the industry such as the historical data, government policy, competitive landscape, technological innovations, market environment, present trends in the Thermoplastic Polyester Elastomer (TPEE) market, upcoming technologies and the technical progress in industry.Get Sample Copy of the Reports: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-thermoplastic-polyester-elastomer-tpee-marketThe Thermoplastic Polyester Elastomer (TPEE) Industry report provides a basic overview of the market including definition, applications and End Users.
The overview covered in this report also presents the company profile, product specifications, production value, capacity, and market shares for each company.Important Companies Cover in this report are:AshlandA.
