Market Overview:
The global thermoplastic elastomers (TPE) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the TPE market can be attributed to the increasing demand for TPEs from various end-use industries, such as automotive, construction, and medical. In terms of volume, the global TPE market is projected to reach 992 kilotons by 2030. Based on type, the chemical synthesis segment is estimated to account for a larger share of the global TPE market in 2018. This segment is projected to grow at a CAGR of 7% from 2018 to 2030. The growth in this segment can be attributed to the increasing demand for high-performance TPEs from various end-use industries.
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Product Definition:
Thermoplastic elastomers are a class of materials that exhibit both thermoplastic and elastomeric properties. This makes them an ideal material for many applications where both toughness and elasticity are required. Thermoplastic elastomers are used in a variety of industries, including automotive, medical, and packaging.
Chemical Synthesis:
Chemical synthesis is a process of creating new compounds and substances by combining basic chemicals in the right proportions. In this process, raw materials such as ethylene, propylene, benzene are first converted to chemical intermediates which are further processed to get final products.
In the past few years, chemical synthesis has emerged as one of the most important technologies used for manufacturing high-value added chemicals including additives.
Fermentation:
Fermentation is a chemical process that converts sugar into ethanol and carbon dioxide. The most commonly used raw materials for fermentation are corn, wheat, rye, and barley. Corn is the most common grain used in fermentation processes owing to its high starch content which makes it suitable for conversion into ethanol.
Application Insights:
TPE is used in various applications including cosmetic, industrial and other. The others segment includes medical and automotive application areas. In 2017, the cosmetic application dominated the overall market with a share of over 70%. This is attributed to properties such as biocompatibility, high molecular weight (Mw) range and ease of processing that make TPE suitable for use in personal care products.
The growing demand for innovative & sustainable materials has been fueling research activities on new types of thermoplastic elastomers that can be used not only in personal care products but also across a wide range of end-use industries such as automotive & transportation, electronics & appliances etc. Furthermore, these materials are expected to replace traditional rubber components due to their superior mechanical properties which include impact resistance along with good flexibility and durability at low temperatures making them an ideal replacement for plastics like polyethylene or polypropylene.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the presence of major industry participants, high disposable income of consumers and increasing investments in R&D. The U.S. was one of the largest markets for TPE with a revenue share estimated at over 25% in 2017 on account of its wide application scope across various industries including medical, automotive and others.
TPE has emerged as an important material due to its excellent characteristics such as high temperature resistance, chemical resistance, UV stability and more that make it suitable for use across numerous applications including automotive interior components (seat covers), sporting goods (footballs), footwear & apparel (shoes) among others.
Growth Factors:
- Increasing demand for TPE in the automotive industry as a replacement for traditional materials such as rubber and metal
- Growing demand from the medical sector for TPE products used in implants and prosthetics
- Rising popularity of TPEs among consumers due to their superior properties compared to other plastics
- Proliferation of new applications for TPEs in industries such as construction, packaging, and electrical & electronics
- Technological advancements that have led to the development of more efficient and cost-effective TPE products
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoplastic Elastomers (TPE) Market Research Report
By Type
Chemical Synthesis, Fermentation
By Application
Cosmetic, Industrial, Others
By Companies
OXEA, DAICEL, KH Neochem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Thermoplastic Elastomers (TPE) Market Report Segments:
The global Thermoplastic Elastomers (TPE) market is segmented on the basis of:
Types
Chemical Synthesis, Fermentation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cosmetic, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OXEA
- DAICEL
- KH Neochem
 Market Overview.svg)
Highlights of The Thermoplastic Elastomers (TPE) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chemical Synthesis
- Fermentation
- By Application:
- Cosmetic
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermoplastic Elastomers (TPE) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermoplastic elastomers are a type of polymer that is made from molecules that are heated to a high temperature and then cooled. This process causes the molecules to link together into long chains, which makes TPEs strong and flexible.
Some of the key players operating in the thermoplastic elastomers (tpe) market are OXEA, DAICEL, KH Neochem.
The thermoplastic elastomers (tpe) market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoplastic Elastomers (TPE) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermoplastic Elastomers (TPE) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoplastic Elastomers (TPE) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermoplastic Elastomers (TPE) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermoplastic Elastomers (TPE) Market Size & Forecast, 2020-2028
4.5.1 Thermoplastic Elastomers (TPE) Market Size and Y-o-Y Growth
4.5.2 Thermoplastic Elastomers (TPE) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chemical Synthesis
5.2.2 Fermentation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cosmetic
6.2.2 Industrial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoplastic Elastomers (TPE) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermoplastic Elastomers (TPE) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chemical Synthesis
9.6.2 Fermentation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cosmetic
9.10.2 Industrial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chemical Synthesis
10.6.2 Fermentation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cosmetic
10.10.2 Industrial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chemical Synthesis
11.6.2 Fermentation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cosmetic
11.10.2 Industrial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chemical Synthesis
12.6.2 Fermentation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cosmetic
12.10.2 Industrial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chemical Synthesis
13.6.2 Fermentation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cosmetic
13.10.2 Industrial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermoplastic Elastomers (TPE) Market: Competitive Dashboard
14.2 Global Thermoplastic Elastomers (TPE) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OXEA
14.3.2 DAICEL
14.3.3 KH Neochem
