elastomers market by 2020 , with high investments from manufacturers in capacity expansion . North America was the second-largest market for Thermoplastic elastomers in 2014 and is expected to get support from increasing tire sales with the recovering automotive industry .
The leading players in the thermoplastic elastomers manufacturing are Arkema SA ( France ), BASF SE ( Germany ), Bayer AG ( Germany ), Sinopec ( China ), Dow Chemicals ( U . S ), Evonik ( Germany ), Huntsman ( U . S .).
Thermoplastic elastomers are aimed at replacing natural and synthetic rubber in a variety of applications and have succeeded to a great extent . Thermoplastic elastomers have become an important part of highly dominant enduser markets and their high market growth is driven by substituting rubber and PVC in various applications , discovery of new applications that demand evolving thermoplastic elastomers and demand from the automotive sector .
Asian manufacturers employ European companies to distribute the products . This trend is witnessed , as China involves in excessive production and the European market has a supply-demand gap for the same . Competitive scenarios of the top players in the TPEs market have been discussed in detail . Leading players of this industry are also profiled which include Arkema SA ( France ), BASF SE ( Germany ), Bayer AG ( Germany ), China Petroleum and Chemical Corporation ( China ), The Dow Chemical Company ( U . S .), Huntsman Corporation ( U . S .) Evonik Industries ( Germany ), Nippon Polyurethane Industry Company Limited ( Japan ), among others , with their recent developments and other strategic industry activities .
Scope of the Report :
This research report categorizes the global market for TPEs on the basis of type , application , and region along with forecasting volume , value , and trends in each of the markets .
On the basis of Type :
On the basis of type , the market is segmented as styrenic block copolymers , thermoplastic polyurethanes , thermoplastic polyolefins , thermoplastic vulcanizates , copolyester ether elastomers , and polyether block amide elastomers .
On the basis of Application :
On the basis of application , the market is segmented as automotive , building & construction , footwear , engineering , wires & cables , medical , and others .
On the basis of region
The market is segmented into regions , such as Asia-Pacific , Europe , North America , and Rest of the World , which are further segmented into key countries in each region . Countries such as the U . S ., Canada , Mexico , Germany , France , Italy , China , India , Japan , South Korea , and Russia are covered in the report .