Market Revenue Asia Pacific Thermoplastic Elastomers Market

Asia Pacific Thermoplastic Elastomers Market Analysis by
Manufacturing Process, Industrial Chain Forecast 2022
“Asia Pacific Thermoplastic Elastomers Market size was USD 4.63 billion in
2014 and is anticipated to reach over USD 7.82 billion by 2022.Demand from
other industries such as footwear, medical devices, and electronics is expected
to remain a key driving factor for growth over the forecast period.”
Industry Insights
Asia Pacific thermoplastic elastomers market size was USD 4.63 billion in 2014 and is anticipated to reach over
USD 7.82 billion by 2022. It is expected to witness substantial growth over the forecast period owing to growing
automotive manufacturing in countries such as India, China, Indonesia and Thailand. The introduction of
government policies that support investment along with private players emphasizing on enhancing technologies
is anticipated to further fuel market demand. TPEs have superior properties such as moisture resistance,
excellent elasticity and flexibility and tactile grip and hence are widely used in automotive components. Demand
from other industries such as footwear, medical devices, and electronics is expected to remain a key driving
factor for growth over the forecast period.
Growth in demand is expected owing to the ease of recycling and processing withnegligible emission is
anticipated to result in higher demand. They have replaced thermosets in varied applications includingmedical
devices and electronic components. TPE are gaining prominencemainly on account ofthe high degree of purity,
low level of extractable compounds, cost effectiveness and recycling ability. They are popularly known as an
ideal substitute for latex and PVC owing to above-mentioned factors. Block copolymers and ionomers are the
major raw materials for manufacturing TPE. Block copolymer process utilizes SBS rubber (styrene-butadiene-
styrene) formed by combining a long block of polybutadiene with a short block of polystyrene where as ionomer
process includes copolymers of ethylene and methacrylic acid.
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