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.