Research and Markets: Thermoplastic Elastomers (SBC, TPU, Thermoplastic Polyolefins, TPV, Copolyester Ether Elastomers, and Polyether Block Amide) Market 2015 – Global Trends & Forecast to 2020
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/fh2tld/thermoplastic) has announced the addition of the “Thermoplastic Elastomers Market by Type, Application – Global Trends & Forecast to 2020” report to their offering.
The market for thermoplastic elastomers is projected to grow at a CAGR of 8.0% to reach each 27.8 Billion by 2020.
Automotive, building & construction, footwear, engineering, wires & cables, medical, and others are the key applications of thermoplastic elastomers (TPEs). Among these automotive is expected to remain the dominant application of TPEs with its steady growth. The TPEs market is expected to grow at a healthy growth rate in next five years driven by the growing sales of tire and other rubber products from automotive industry. TPEs are being used in various applications in the last few years and the demand is expected to increase in emerging applications, such as wires & cables and medical.
Globally, Asia-Pacific accounted for the largest share of the TPEs market in 2014, followed by North America and Europe. China was the single largest market globally which accounted for more than 24% of the global demand in 2014 whereas India is expected to register a higher growth rate. The U.S. and other Asia-Pacific countries, such as India and Japan have also accounted for a significant share of TPEs market.
New product launch and mergers & acquisitions are the key strategies on which market players are concentrating on. Companies operating in the TPEs market are also focusing on capacity expansions and agreements to tap the opportunities in applications, such as footwear, engineering, building & construction, and medical.
Key players of TPEs in North America include The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), Lubrizol Corporation (U.S.), Teknor Apex Company (U.S.). In Europe, BASF SE (Germany), Arkema SA (France), Bayer AG (Germany), Evonik Industries (Germany) are renowned players. China Petroleum and Chemical Corporation (China) and Nippon Polyurethane Industry Company Limited (Japan) are the key participants in the TPEs market in Asia-Pacific.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Thermoplastic Elastomers Market, By Type
8 Thermoplastic Elastomers Market, By Application
9 Thermoplastic Elastomers Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/fh2tld/thermoplastic
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Wire and Cables