[Online Quarterly Update] Thermoplastic Elastomers demand is expected to grow at a healthy CAGR of 4.55% until 2030. Growing automotive industry and high demand for electric vehicles is the major driver for the forecast period. Thermoplastic Elastomers are polymers having rubbery properties. The rubbery property is present due to one of the components of the copolymer. There are various types of Thermoplastic Elastomers including styrene block copolymers, thermoplastic olefin, elastomeric alloy, thermoplastic polyurethane, thermoplastic co-polyester, a thermoplastic polyamide. Due to their rubbery properties with high strength and lightweight, Thermoplastic Elastomers find application in automotive and transportation, building and construction, footwear, electrical and electronics, medical, household appliances, adhesive, sealant, and coating. Growing demand from the automotive industry coupled with the rising demand from other application areas such as building and construction, footwear, etc. is expected to drive the demand for Thermoplastic Elastomers during the forecast period. Moreover, the growing demand for bio-based Thermoplastic Elastomers is going to push the demand further during the forecast period. Furthermore, high volatility in raw material prices is going to hamper the demand during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on several industries. Automotive and construction were among the most affected industries during the pandemic. This had an impact on the demand for Thermoplastic Elastomers for the first half of 2020. The demand for Thermoplastic Elastomers fell during the coronavirus pandemic. However, since the latter half of 2020, an improvement in the demand for Thermoplastic elastomers has been witnessed with the recovery in the construction, automotive and other end use industries and is anticipated to grow through the forecast period.
Region-wise, Asia-Pacific region holds the major share of global demand for Thermoplastic Elastomers due to the growing end-use industries such as automotive and construction in the region. Moreover, increasing population and per capita income in emerging economies like India and China coupled with growing urbanization is another factor fuelling demand growth in Asia-Pacific.
Major players for Thermoplastic Elastomers globally include A. Schulman, Inc., Arkema Group, BASF SE, DSM, DuPont, Evonik Industries AG, Exxon Mobil Corporation, Huntsman International LLC, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Sumitomo Chemicals Co. Ltd, SABIC.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• To assess the demand-supply scenario of Thermoplastic Elastomers which covers production, demand and supply of Thermoplastic Elastomers market globally.
• To analyse and forecast the market size of Thermoplastic Elastomers.
• To classify and forecast global Thermoplastic Elastomers market based on and regional distribution.
• To identify drivers and challenges for global Thermoplastic Elastomers market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Thermoplastic Elastomers market.
• To identify and analyse the profile of leading players involved in the manufacturing of Thermoplastic Elastomers.
To extract data for global Thermoplastic Elastomers market, primary research surveys were conducted with Thermoplastic Elastomers manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Thermoplastic Elastomers market over the coming years.
ChemAnalyst calculated Thermoplastic Elastomers demand globally by analyzing the historical data and demand forecast which was carried out considering imported Thermoplastic Elastomers, prices, materials used for production of Thermoplastic Elastomers. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Thermoplastic Elastomers manufacturers and other stakeholders
• Organizations, forums and alliances related to Thermoplastic Elastomers distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Thermoplastic Elastomers manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global Thermoplastic Elastomers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
By Application: (Automotive and Transportation, Building and Construction, Footwear, Electrical and Electronics, Medical, Household Appliances, Adhesive, Sealant and Coating)
By Sales Channel: (Direct/Institutional Sales, Indirect Sales)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
A. Schulman, Inc., Arkema Group, BASF SE, DSM, DuPont, Evonik Industries AG, Exxon Mobil Corporation, Huntsman International LLC, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Sumitomo Chemicals Co. Ltd, SABIC.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
12.7.4.Argentina Thermoplastic Elastomers Demand-Supply Scenario, 2015-2030, By Volume
12.7.4.1.Demand
12.7.4.2.Supply
12.7.4.3.Gap
12.7.5.Argentina Thermoplastic Elastomers Demand Outlook, 2015-2030, By Volume
12.7.5.1.By Application
12.7.5.2.By Type
12.7.5.3.By Sales Channel
12.7.5.4.By Company Share (At least top 3 companies’ market share)
13.By Region
14.Country-wise Import
15.Country-wise Export
16.News and Deals
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Which are the major types of thermoplastic elastomers?
Ans:
major type of thermoplastic elastomers include styrene block copolymers, thermoplastic olefin, elastomeric alloy, thermoplastic polyurethane, thermoplastic copolyester, thermoplastic polyamide.
Q2.
Which region holds the maximum demand share in the Global thermoplastic elastomers market as of 2020?
Ans:
Asia Pacific holds the major demand share of thermoplastic elastomers due increasing demand of the application areas including automotive, building and construction etc.
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