MRO Magazine

Europe Thermoplastic Elastomers Market – Trends and Forecasts (2015-2020) – Germany is European Leader, Followed by Russia, Turkey & Poland – Research and Markets


January 28, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/zrzspz/europe) has announced the addition of the “Europe Thermoplastic Elastomers Market Segmented by Product type, Application and Geography Trends and Forecasts (2015-2020)” report to their offering.

The Europe Thermoplastic Elastomers market is currently valued at $3.84 billion and is expected to grow at a steady CAGR of 4.5% during the forecast period.

Germany is the European leader in terms of growth, while Russia, Turkey and Poland also show above average growth rates. The Thermoplastic Elastomers market will be driven by ongoing product innovation from manufacturers, allowing Thermoplastic Elastomers to continue to displace its traditional counterparts in a variety of applications.

There has been a major shift in notable industries from PVC to Thermoplastic Elastomers and this is expected to drive the market forward in the next five years. A significant growth in the Medical Thermoplastic Elastomers market is expected in the coming years because of the increase in demand for non-latex alternative products.

Thermoplastic Elastomers are often used for medical applications that require PVC free or non-latex alternatives. They also have an added advantage in this field because of being a cost effective alternative to silicone.

Increasing R&D efforts and huge demand from the automotive sector, which finds TPEs useful in a myriad of applications, will make TPE highly resourceful. Regulations from the automotive, food, medical, packaging sectors help the growth of TPEs as they leave minimal extractables. Growing segments such as bio TPEs are emerging commercially and will prove to be very effective in the industry due to cleanliness of the bio material and harmless wastage.

Companies Mentioned:

  • BASF Corporation
  • Lyondell Basell
  • Ineos Olefins & Polymers
  • Total Petrochemicals
  • Dow Chemicals
  • Akzonobel N.V.
  • Bayer MS
  • ExxonMobil Chemical Co.
  • Afton Chemical Corporation
  • DuPont Engineering Polymers
  • Chemtura Corp.
  • SINOPEC Corp.
  • Braskem SA
  • Innospec Inc.
  • Cummins Inc.
  • Total S.A.
  • Total Petrochemicals & Refining USA, Inc.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Thermoplastic Elastomer Overview

4. Market Overview

5. Market Dynamics

6. Market Segmentation and Analysis

7. Regional Market Analysis (Market size, growth and forecast)

8. Competitive Landscape

9. Company Profiles

For more information visit http://www.researchandmarkets.com/research/zrzspz/europe

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Advanced Materials, Chemicals