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)
Thermoplastic Elastomers Market Overview:
The competitive landscape of the Thermoplastic Elastomers Market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization’s concentration on the Thermoplastic Elastomers market.
Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. 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 are 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 following are the key players of the Thermoplastic Elastomers market-
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Regional Analysis:
Individual market influencing components and changes in market rules that impact present and future market trends are also explored in the research’s geographical component. Downstream and upstream value chain analysis, technology trends, Porter’s five forces analysis, and case studies are some of the elements utilized to anticipate market scenarios for various nations.
COVID-19 Impact Analysis on Thermoplastic Elastomers Market: In addition, the paper evaluates the influence of COVID-19 on the Thermoplastic Elastomers market. The primary goal of this research is to assist users in understanding the market in terms of definition, segmentation, market potential, important trends, and challenges that the industry faces across major regions. The study presents a microeconomic and macroeconomic analysis of COVID-19’s overall impact on the Thermoplastic Elastomers Market. The analysis focuses on market share and size, clearly illustraThermoplastic Elastomersg the impact of the pandemic on the global Thermoplastic Elastomers Market in the next years.
Key Questions Answered in the Thermoplastic Elastomers Market Report are:
- What will be the Thermoplastic Elastomers market’s CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Thermoplastic Elastomers industry?
- Who are the key players in the Thermoplastic Elastomers market?
- What important trends in the Thermoplastic Elastomers industry are anticipated to develop throughout the forecast period?
- How big will the Thermoplastic Elastomers market be in 2027?
- In 2020, which business segment had the highest proportion of the Thermoplastic Elastomers market?
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