PUBLISHER: Value Market Research | PRODUCT CODE: 1547447
PUBLISHER: Value Market Research | PRODUCT CODE: 1547447
The global demand for Thermoplastic Elastomers Market is presumed to reach the market size of nearly USD 60.19 Billion by 2032 from USD 30.69 Billion in 2023 with a CAGR of 7.77% under the study period 2024-2032.
A physical mixture of polymers that consists of both thermoplastic and elastomeric properties is known as a thermoplastic elastomer. Thermoplastic elastomers show properties of both rubbery materials and plastic materials and are easy to use in manufacturing. The ability of thermoplastic elastomers to stretch to moderate elongations and then return to their normal shape makes them more preferable for manufacturing purposes. This helps in creating a longer life and better physical change than other available materials. The cross-linking bonding present in the structure of thermoplastic elastomers imparts high elastic properties.
Increasing use of thermoplastic elastomer in automotive, wire and cable, footwear, automotive, and construction industries and the growing electronic and construction industries are the primitive drivers for the growth of the thermoplastic market. Moreover, acquisitions and new product launches are expected to provide lucrative opportunities for key market players and drive the market growth of thermoplastic elastomers. Increased consumption of thermoplastic elastomers for applications like footwear, electronics, and consumer goods will further aid the market growth of thermoplastic elastomers. Owing to superior chemical and physical properties to thermoset plastics, thermoplastic elastomers are more preferred. Thus, in turn, creating more demand and strengthening the market growth. Also, the availability of unique, eco-friendly, and recyclable thermoplastic elastomers is assumed to further increase the demand among consumers and exhilarate the market growth of thermoplastic elastomers.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Thermoplastic Elastomers. The growth and trends of Thermoplastic Elastomers industry provide a holistic approach to this study.
This section of the Thermoplastic Elastomers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Thermoplastic Elastomers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Thermoplastic Elastomers market include Advanced Elastomer Systems L.P., Arkema S.A., BASF SE, Bayer MaterialScience LLC, China Petroleum & Chemical Corporation, Dynasol Elastomers LLC, EMS Group, Evonik Industries, Huntsman Corporation, Kraton Polymers LLC, LG Chemicals, LCY Chemical Corporation, Lubrizol Corporation, LyondellBasell Industries, Nippon Polyurethane Industry Company Ltd., Avient Corporation, Teknor APEX Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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