The global thermoplastic elastomers market size is anticipated to register a significant CAGR of over 5% during the forecast period and is estimated to reach around USD 26 billion by 2027. The increasing demand for high-performance and lightweight passenger cars globally is a major factor to drive the market growth. The increasing demand for TPE in various applications such as electronics, consumer goods, footwear, and construction is further anticipated to drive market growth over the forecast period from 2021 to 2027. Moreover, increasing regulation to control carbon emissions and focus on providing fuel-efficient vehicles is expected to boost the market.
The report titled "Thermoplastic Elastomers Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2021 – 2027" offers a holistic view of the Thermoplastic Elastomers industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Thermoplastic Elastomers market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Thermoplastic Elastomers Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Thermoplastic Elastomers Market Segmentation:
By Type:
- Thermoplastic Polyurethanes (TPU)
- Styrene Block Copolymers (SBC)
- Thermoplastic Polyolefins (TPO)
- Thermoplastic Vulcanizates (TPV)
- Copolymer Esters (COPE)
- Others
By Application:
- Automotive
- Electrical & Electronics
- Industrial
- Medical
- Others
By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
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List of Key companies:
- Arkema S.A
- Asahi Kasei Corporation
- BASF SE
- The Dow Chemical Company
- Covestro AG
- Huntsman Corporation
- Teknor Apex Company
- Lubrizol Corporation
- Tosh Corporation
- Kraton Corporation
Key Questions Answered by Thermoplastic Elastomers Market Report
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
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