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Global synthetic thermoplastic elastomers (TPE) market size was estimated at over 4 million tons in 2015 and is likely to witness gains with an estimated CAGR of more than 4.5% up to 2023. Thermoplastic elastomers market revenue is likely to be valued at USD 19.76 billion by 2023.Asia Pacific was the leading region and accounted for more than 40% of the total demand in 2014. Japan, China and India thermoplastic elastomers market dominated Asia Pacific and accounted for more than 85% of the total demand in 2015. Shift of footwear industries to Southeast Asian countries such as Vietnam coupled with growth of automotive & construction industry in India and China is likely to drive regional demand.
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Regulatory policies by environmental agencies to reduce carbon emissions and increase in vehicle fuel economy by reducing weight has pushed many automobile OEMS towards adopting plastics in place of metals & alloys for manufacturing components. Automobile weight reduction is witnessed as a priority in the industry as it lowers carbon emissions.
Stringent environmental norms are backed by regulatory bodies in North America and Europe. According to sources, achieving vehicle weight reduction by 450 kg enables an average reduction in emission of CO2 by 40kg and also helps in increasing the fuel efficiency by around 10%.
The Synthetic and Bio-based Thermoplastic elastomers Market reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. Synthetic and Bio-based Thermoplastic elastomers Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Synthetic and Bio-based Thermoplastic elastomers Market Product Insights
5. Synthetic and Bio-based Thermoplastic elastomers Market Application Insights
6. Synthetic and Bio-based Thermoplastic elastomers Market Regional Insights
7. Competitor Profiles
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DuPont has made renewable Hytrel RS thermoplastic polyester elastomers and are derived from bio-based 1,3-propanediol using corn sugar as feedstock from its patented bacterial fermentation process. Hytrel RS thermoplastic polyester elastomers has 20-60% of renewable content and used for applications such as tubing boots, hoses, airbag doors and energy dampers.
Merquinsa has launched Pearlthane ECO TPUs derived drfom vegetable based polyols whereas GLS Thermoplastic Elastomers launched tow ranges of OneFlex Bio renewable TPE which incudes OneFlex Bio 5100 and OnFlex Bio 5300 in 2008. OneFlex 5100 cater to industrial applications and sport equipment components for cast wheels & ski bindings while OneFlex 5300 caters to applications such as interim trim, door & instrument panel skins, shoe soles, gear knobs and sport equipment grips.
1 Synthetic and Bio-based Thermoplastic elastomers Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Synthetic and Bio-based Thermoplastic elastomers Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Key companies include BASF, Bayer, China Petroleum & Chemical Corp and Evonik Industries. Other manufacturers include Dow Chemical, LyondellBasell, Huntsman, Lubrizol Corp, PolyOne Corp, LYC Chemical and LG Chemicals.
Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/synthetic-and-bio-based-thermoplastic-elastomers-tpe-market
Release ID: 88890852
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