Thermoplastic Elastomers Market Overview:
The Thermoplastic Elastomers Market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Thermoplastic Elastomers Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
Thermoplastic Elastomers Market was valued at USD 23.19 Billion in 2021, and it is expected to reach USD 38.38 Billion by 2029, exhibiting a CAGR of 6.5 % during the forecast period (2022-2029)
Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Segmentation:
Based on Material Type, Styrenic Block Copolymers dominated the Thermoplastic Elastomers market and held the largest revenue share of over 36.1% in 2021. Styrenic Block Copolymer was the largest consumed material in 2021. In China and India, increasing demand for SIS is estimated to drive the segment growth over the forecast period. Increased use in automotive under-the-hood applications and fascia systems is expected to drive global TPE consumption. Because of its thermal and acoustic insulation qualities, TPE is gaining popularity in building applications.
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Key Players:
• Arkema SA(France)
• Asahi Kasei Corporation(Japan)
• Zeon Corporation(Japan)
• Yantai Wanhua Polyurethane Co. Ltd.(China)
• China Petrochemical Corporation(China)
• Sinopec Group(China)
• Kraton Corporation(US)
• Huntsman International LLC.(US)
• The Dow Chemical Company(US)
• Teknor Apex Company(US)
• Celanese Corporation(US)
• Advanced Elastomer Systems L.P.(US)
• Lubrizol Corporation(US)
• PolyOne Corporation(US)
• LyondellBasell Industries N.V.(Netherlands)
• Tosoh Corporation(Japan)
• Apar Industries Ltd( India)
• Muller Kunststoffe(Germany)
• BASF SE(Germany)
• Covestro AG(Germany)
• Evonik Industries AG(Germany)
• Bayer Material Science LLC(Germany)
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Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and markeThermoplastic Elastomersg executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and markeThermoplastic Elastomersg executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Thermoplastic Elastomers market are as follows:
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Regional Analysis:
Individual market influencing components and changes in market laws impacThermoplastic Elastomersg current and future market trends are also covered in the Thermoplastic Elastomers market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer fooThermoplastic Elastomersg. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Thermoplastic Elastomers Market:
End-user industries where Thermoplastic Elastomers are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Thermoplastic Elastomers manufacturers, harming the Thermoplastic Elastomers market’s growth in 2020. End-user business demand for Thermoplastic Elastomers has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the Thermoplastic Elastomers Market Report are:
- In 2021, which segment accounted for the most share of the Thermoplastic Elastomers market?
- What is the competitive landscape of the Thermoplastic Elastomers market?
- What are the key factors influencing Thermoplastic Elastomers market growth?
- In the Thermoplastic Elastomers market, which region has the most market share?
- What will be the CAGR of the Thermoplastic Elastomers market during the forecast period (2022-2027)?
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