Summary
Asia Pacific Thermoplastic Elastomers Market Segmented by Product type , Application and Geography Trends and Forecasts ( 2017-2022 ). The market is segmented and revenues are forecasted on the basis of major types of thermoplastic elastomers used in various industries such as automotive , building & construction , footwear , engineering , wire & cable , medical
Description
The Asia Pacific Thermoplastic Elastomers Market has a current value of $ 6.85 billion . The market is expected to grow at a CAGR of 7 % during the forecast period . The region will remain the largest market for TPEs through 2020 , rising at an above average pace to account for nearly half of world demand . China , the world &# 39 ; s biggest consumer consumer of TPEs in terms of volume , will continue to see more than eight percent annual growth in demand during ( 2017 - 2022 ). Regional gains will also benefit from robust expansion in India and Southeast Asia , whereas growth in the Japanese market will remain sluggish .
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The market is segmented and revenues are forecasted on the basis of major types of thermoplastic elastomers used in various industries such as automotive , building & construction , footwear , engineering , wire & cable , medical and others . Application of thermoplastic elastomers in automotive industry is expected to occupy over 33 % of the market during 2015 to 2020 . Medical and hygiene applications are currently showing the highest growth rate , followed by automotive and cable and wire .
Increasing R & D efforts and huge demand from the automotive sector , which finds TPEs useful in a myriad of applications , will make TPE highly resourceful . Regulations from the automotive , food , medical , packaging sectors help the growth of TPEs as they leave minimal extractables . Growing segments such as bio TPEs are emerging commercially and will prove to be very effective in the industry due to cleanliness of the bio material and harmless wastage .
Place a Purchase Order for this Report at : http :// www . orbisresearch . com / contact / purchase / 217941 . SPECIALITIES OF THIS REPORT
1 ) The report will be useful in gaining an exhaustive understanding of the regional market . It will also be of assistance in providing a comprehensive analysis of the major trends , innovations and associated prospects for market growth over the coming half a decade
2 ) The report will be an ideal source material for industry consultants , manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market , in addition to opportunities offered .
3 ) The report contains wide range of information about the leading market players and the major strategies adopted by them .
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