Thermoplastic Elastomers Market Type worth 27.8 billion USD by 2020 worth 27.8 billion USD by 2020

Thermoplastic Elastomers Market by Type worth 27.8 billion USD by 2020
The report “Thermoplastic Elastomers Market by Type (SBC, TPU, Thermoplastic Polyolefins, TPV, Copolyester
Ether Elastomers, and Polyether Block Amide), Application (Automotive, Building & Construction, Footwear,
Engineering, and Medical) - Global Trends & Forecasts to 2020”, Published by MarketsandMarkets
Browse 144 tables and 54 figures spread through 168 Pages and in-depth TOC on "Thermoplastic Elastomers
Market by Type "
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It also identifies the driving and restraining factors of the Thermoplastic Elastomers Market with an analysis of
trends, opportunities, and challenges. The market is segmented and has been forecast on the basis of key regions,
such as North America, Asia-Pacific, Europe, and Rest of the World. The market is also segmented on the basis of
type and application in major countries in each of these regions.

“Automotive - Major Application for thermoplastic elastomers”
The thermoplastic elastomers market is segmented into seven applications, automotive, building & construction,
footwear, engineering, wires & cables, medical, and others. Among these applications, automotive accounted for
largest market share in 2014 in terms of value as well as volume. Thermoplastic elastomers have region specific
demands that are differentiated by placement, cost, and efficiency. These demands are also governed by the
prevailing environmental laws, as in Europe and North America the stringent environmental laws calls for more
environmentally friendly products, such as those of thermoplastic elastomers, which can be easily recycled
‘Global Thermoplastic elastomers market size to reach USD 27.8 billion by 2020’
The thermoplastic elastomers market size is projected to reach USD 27.8 Billion by 2020 at a CAGR of 8.0%. In
terms of value, the thermoplastic elastomers market size in automotive application is projected to reach USD 11.9
Billion by 2020, at a CAGR of 8.5% between 2015 and 2020. The market in Asia-Pacific accounted for the largest
share of the Thermoplastic elastomers in 2014 and is projected to be the fastest-growing market in terms of value,
between 2015 and 2020. The growth is attributed to the increasing automotive sales in developing countries, such
as India, China, and Indonesia. India is projected to be the fastest-growing country in the Asia-pacific region
followed by China.

‘Asia-Pacific and North America accounted for approximately 70% share of the Thermoplastic elastomers market
in 2014’
Asia-Pacific was the major market of thermoplastic elastomers in 2014, which is projected to register the highest
CAGR between 2015 and 2020, owing to the increasing demand of tire and other rubber products from end-user
industries, such as automotive and building & construction. Asia-Pacific is expected to dominate the Thermoplastic