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1560438

熱可塑性橡膠市場報告:2030 年趨勢、預測與競爭分析

Thermoplastic Elastomer Market Report: Trends, Forecast and Competitive Analysis to 2030

出版日期: | 出版商: Lucintel | 英文 150 Pages | 商品交期: 3個工作天內

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簡介目錄

熱可塑性橡膠趨勢與預測

預計到 2030 年,全球熱可塑性橡膠(TPE) 市場將達到 348 億美元,2024 年至 2030 年複合年成長率為 6.3%。該市場的主要驅動力是汽車行業對生物基合成橡膠日益成長的偏好以及對輕型車輛日益成長的興趣。全球熱可塑性橡膠市場的未來前景廣闊,汽車、建築、鞋類、電氣/電子和醫療應用領域充滿機會。

Lucintel 預計苯乙烯嵌段共聚物在預測期內仍將是最大的細分市場。

在該市場中,預計汽車在預測期內仍將是最大的細分市場。

在預測期內,北美仍然是最大的地區。

熱可塑性橡膠市場新趨勢

熱可塑性橡膠的新興趨勢反映了技術發展、永續性的促進以及整體應用的擴展。這些變化正在改變市場動態並決定熱可塑性橡膠的發展和應用方向。

  • 強調永續性:目前非常重視開發永續的 TPE 解決方案。 TPE 具有高度生物分解性和可回收性,使其成為製造商解決環境問題和提高法規遵循的投資重點。這一趨勢可歸因於消費者對真正生態材料以及盡可能減少塑膠廢棄物的方法的需求不斷成長。
  • TPE 的高性能配方:不斷創新以改進 TPE 配方。已開發出許多具有彈性、耐熱性和化學穩定性特徵的新配方。這是因為 TPE 材料的出現是為了滿足工業應用和消費領域日益嚴格的要求。
  • TPE 擴展到高科技應用:TPE 在電子、醫療設備和汽車零件等高科技領域的應用越來越多。 TPE 因其導電性和生物相容性等特性而受到追捧。這一趨勢反映了高科技產業對先進材料的需求不斷成長和複雜的需求。
  • 汽車和消費品產業的成長:汽車和消費品是 TPE 市場的最大推動力。應用範圍從汽車的內部和外部零件到包裝和消費品。隨著這些行業的發展,對性能更高、成本更低的 TPE 的需求也在成長。
  • 智慧材料的採用:智慧材料的開發和使用目前涉及具有響應或自適應特性的 TPE。這些材料在受到外部影響(包括溫度和壓力)時會改變其性能。具有更高功能和性能的新材料的趨勢正在推動需求。

TPE 應用中永續性發展的趨勢、先進配方的開發、應用擴展到高科技領域、該材料在汽車和消費品領域的進一步成長以及智慧材料解決方案的使用都是這些因素的結果。發生重大變化。利用這些趨勢的公司能夠很好地應對不斷變化的市場需求並確保未來的成長。

熱可塑性橡膠市場的最新趨勢

熱可塑性橡膠市場的各種最新發展代表了該行業對技術進步、不斷變化的消費者偏好和不斷變化的市場動態的反應。這些努力將決定TPE未來的發展路徑以及如何將其應用於不同的細分領域。

  • TPE 的技術進步:TPE 技術的進步促進了性能改進的材料的開發。新的製造流程和聚合物共混技術進一步增強了與靈活性、強度和耐用性相關的性能,為 TPE 開闢了新的應用領域,並提高了其在各行業的接受度。
  • 永續 TPE 解決方案的成長:市場的一個主要趨勢是永續 TPE 解決方案的開拓。製造商正在致力於將基於生物分解性和回收材料的 TPE實用化。這項轉變不僅符合全球永續性目標,也回應了消費者對綠色產品日益成長的需求。
  • 擴大醫療高科技應用:醫療高科技應用是TPE日益擴大的應用領域。事實上,TPE 配方不斷改進,以滿足需要最嚴苛性能特徵的特殊應用,例如醫療設備和電子產品。這種擴張反映了高科技和醫療產業對先進材料日益成長的需求。
  • 汽車產業應用的成長:TPE 主要推動力的另一個領域是汽車產業。最新趨勢:由於最近的趨勢,TPE 廣泛應用於汽車,從內裝到外飾。對成功結合耐用性和成本效益的輕量材料不斷成長的需求推動了這一領域的創新。
  • 新興市場和區域擴張:由於工業和消費領域的成長,新興經濟體的 TPE 市場正在擴張。亞太地區和拉丁美洲受到工業成長和消費支出增加的推動,為該地區的企業創造了機會。

最近的TPE市場趨勢顯示技術進步、永續發展、向高科技和醫療應用的擴展、汽車應用的成長、區域市場的擴展等。這些構成了TPE產業未來的成長機會。

熱可塑性橡膠市場的策略性成長機會

熱可塑性橡膠市場是一個在各種應用中都出現策略性成長機會的細分市場。這些產業需求和技術開拓的變化帶來了市場拓展和創新的潛力。

  • 汽車應用 汽車領域是 TPE 的高成長領域。 TPE 的應用廣泛用於各種汽車零件的密封件、墊圈和內裝。該應用領域的成長得益於汽車製造中對輕質、耐用且經濟高效的材料的需求。
  • 醫療設備產業:醫療設備是TPE的主要成長領域之一。醫療設備需要具有靈活性和無菌性的生物相容性,這是有利於在醫療設備中使用 TPE 的因素。此類應用受益於對滿足重要醫療標準的高性能材料的需求。
  • 電子和電氣應用:TPE 在電子和電氣領域正在開闢新的途徑。其電絕緣性和熱穩定性能使其有利於電纜護套、連接器和其他電子元件的應用。電子產業的發展推動了對具有專業性能的 TPE 的需求。
  • 消費品和包裝:消費品和包裝產業被認為是 TPE 的關鍵成長領域。 TPE 應用的例子包括包裝薄膜、容器和家用產品。這些行業對靈活、耐用和經濟材料的需求不斷成長,證明了市場成長的合理性。
  • 工業和製造應用:TPE 擴大用於工業和製造,以包裝、密封和保護產品。 TPE 的多功能性和性能也使其適用於從機械零件到設備蓋等廣泛的工業應用。

TPE 列出了汽車、醫療設備、電器、消費品和工業等應用領域的策略性成長機會。針對這些細分市場的研究使公司能夠受益於以創新方式推動市場擴張和成長的新興趨勢。

熱可塑性橡膠市場推動因素及挑戰

塑造熱可塑性橡膠市場的促進因素和挑戰包括技術進步、經濟狀況和監管因素。調查這些因素可以提供有關該市場動態性質的重要見解,從而幫助相關人員應對機會和挑戰。

推動熱可塑性橡膠市場的因素包括:

1.技術進步:這很大程度得益於TPE技術的創新。聚合物共混物和製造流程的改進現在生產出的 TPE 具有付加,例如彈性、強度和耐用性。這使得TPE可以在更多的應用領域使用,使其成為各行業更有利的材料。

2. 對永續材料的需求不斷成長日益成長的環境問題和監管壓力正在推動對永續 TPE 解決方案的需求。為了實現這一目標,製造商現在將注意力轉向開發可分解和可回收的 TPE,以實現既定的永續性目標並滿足消費者對環保產品的興趣。

3.汽車和消費品市場的成長:汽車工業和消費品工業對TPE的發展貢獻巨大。汽車零件和消費品對輕質、耐用和經濟高效的材料的需求正在支撐這兩個大型應用領域的需求,並推動這些應用領域的進一步創新。

熱可塑性橡膠市場面臨的挑戰包括:

1. 監管合規性:TPE製造商面臨的另一個挑戰是遵守監管標準和環境法規。這些安全、品質和永續性要求需要大量投資,並影響生產和成本。

2. 環境影響:塑膠廢棄物和永續性問題與其對 TPE 市場的影響有關。這推動了對更環保材料和更好廢棄物管理方法的需求,這無疑將改變市場動態並迫使製造商提出新的解決方案。

3.市場競爭:TPE市場競爭非常激烈,提供類似產品的企業眾多。如此激烈的競爭需要在創新、品質和客戶服務方面實現差異化。公司可能會發現很難在高度擁擠的市場中開闢出一席之地以保持市場佔有率和盈利。

科技發展的進步、對永續材料的需求、汽車和消費品產業的成長、醫療高科技應用的擴展、區域市場的擴大等是熱可塑性橡膠市場的關鍵促進因素。挑戰主要涉及監管合規性、環境問題和市場競爭。如何應對這些市場促進因素和挑戰是市場成長的關鍵。

熱可塑性橡膠依細分領域

本研究按類型、應用和地區對全球熱可塑性橡膠進行了預測。

各國熱可塑性橡膠市場前景

技術的快速進步、各最終用途行業需求的增加以及法規環境的變化推動了熱可塑性橡膠的變化。最近的趨勢反映了性能、應用和環境考慮方面的改進的全球趨勢。

  • 美國:在美國市場,新的聚合物技術正在開發具有改進性能的 TPE,例如彈性、耐用性和耐熱性。同時,消費者對綠色材料的需求不斷增加,以及減少環境影響的監管壓力不斷增加,正在推動對永續 TPE 解決方案的需求。
  • 中國:汽車和消費品產業的成長使其成為 TPE 市場的重要參與企業。最近的趨勢包括 TPE 配方的創新,滿足這些行業所需的高性能和成本效益。在中國,研發投資用於開發具有更高熱穩定性和機械性能的 TPE,以滿足不斷變化的國內和國際需求。
  • 德國:在德國TPE市場,對先進工程應用的需求持續集中在關鍵的汽車和工業最終用途領域。最近的趨勢集中在具有增強機械強度和耐化學性的高性能 TPE 的設計和製造。嚴格的監管標準以及對高品質和高生物相容性材料的需求也推動了醫療領​​域的成長。
  • 印度:汽車和消費品產業的成長正在推動印度 TPE 市場的發展。新興國家的最新趨勢專注於具有成本效益的 TPE 配方,以滿足對價格高度敏感的市場的需求,並提高可加工性以實現國家永續性目標,以及開發具有更高可回收性的 TPE。
  • 日本:日本TPE市場的特點是高品質標準和技術創新。最近的創新包括專為電子和醫療設備先進應用而開發的TPE,以及即使在極端環境下也能表現良好的新型日本製造TPE 配方,這些都是材料科學的成果,反映了日本對精度和可靠性的重視。

常問問題

Q1.市場規模有多大?

答:到2030年,全球熱可塑性橡膠市場預計將達到348億美元。

Q2.市場成長預測如何?

答:2024年至2030年,全球熱可塑性橡膠市場預計將以6.3%的複合年成長率成長。

Q3.影響市場成長的關鍵促進因素有哪些?

答:該市場的關鍵促進因素是汽車行業對生物基合成橡膠的日益偏好以及對輕型汽車的興趣日益濃厚。

Q4.市場的主要細分市場有哪些?

答:熱可塑性橡膠市場的未來看起來充滿希望,在汽車、建築/施工、鞋類、電氣/電子和醫療應用領域中存在著機會。

Q5. 市場上主要企業有哪些?

答:主要企業的熱可塑性橡膠公司有:

  • Arkema
  • Covestro
  • Evonik Industries
  • Teknor APEX
  • BASF
  • Huntsman
  • Sinopec
  • Lubrizol
  • Kraton
  • Tosoh

Q6.未來最大的細分市場是什麼?

答:Lucintel 預測苯乙烯嵌段共聚物在預測期間內仍將是最大的細分市場。

Q7. 未來五年預計哪個地區的市場最大?

答:在預測期內,北美仍是最大的地區。

Q8. 可以客製化報告嗎?

答:是的,Lucintel 列出了 10% 的客製化服務,無需額外費用。

目錄

第1章執行摘要

第2章全球熱可塑性橡膠市場:市場動態

  • 簡介、背景、分類
  • 供應鏈
  • 產業促進因素與挑戰

第3章 2018-2030年市場趨勢及預測分析

  • 宏觀經濟趨勢(2018-2023)與預測(2024-2030)
  • 全球熱可塑性橡膠市場趨勢(2018-2023)與預測(2024-2030)
  • 按類型分類的全球熱可塑性橡膠市場
    • 苯乙烯嵌段共聚物
    • 熱塑性聚氨酯
    • 熱塑性硫化橡膠
    • 熱塑性聚烯
    • 共聚酯合成橡膠
    • 其他
  • 全球熱可塑性橡膠市場按應用
    • 建築/施工
    • 鞋類
    • 電力/電子
    • 醫療保健
    • 其他

第4章 2018-2030年區域市場趨勢及預測分析

  • 全球熱可塑性橡膠市場(按地區)
  • 北美熱可塑性橡膠市場
  • 歐洲熱可塑性橡膠市場
  • 亞太地區熱可塑性橡膠市場
  • 其他本地熱塑合成橡膠市場

第5章 競爭分析

  • 產品系列分析
  • 營運整合
  • 波特五力分析

第6章 成長機會與策略分析

  • 成長機會分析
    • 按類型分類的全球熱可塑性橡膠市場成長機會
    • 全球熱可塑性橡膠市場成長機會(按應用)
    • 全球熱可塑性橡膠市場按地區成長機會
  • 全球熱可塑性橡膠市場新趨勢
  • 戰略分析
    • 新產品開發
    • 擴大全球熱可塑性橡膠市場產能
    • 全球熱可塑性橡膠市場的合併、收購與合資企業
    • 認證和許可

第7章主要企業概況

  • Arkema
  • Covestro
  • Evonik Industries
  • Teknor APEX
  • BASF
  • Huntsman
  • Sinopec
  • Lubrizol
  • Kraton
  • Tosoh
簡介目錄

Thermoplastic Elastomer Trends and Forecast

The future of the global thermoplastic elastomer market looks promising with opportunities in the automotive, building & construction, footwear, electrical & electronics, and medical applications. The global thermoplastic elastomer market is expected to reach an estimated $34.8 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growing preference for bio-based elastomer and rising interest in lightweight vehicles from the automotive industry.

Lucintel forecasts that styrenic block copolymer will remain the largest segment over the forecast period.

Within this market, automotive will remain the largest segment over the forecast period.

North America will remain the largest region over the forecast period.

Emerging Trends in the Thermoplastic Elastomer Market

Emerging trends for thermoplastic elastomers reflect a mix of technological development, the drive for sustainability, and increasing application across industries. These changes have altered the market dynamics and are dictating the course of development and application of thermoplastic elastomers.

  • Focus on Sustainability: Much emphasis is now being laid on developing sustainable TPE solutions. Biodegradable and recyclable TPEs are being heavily invested in by the manufacturers to help solve environmental problems and improve compliance with regulations. Such trends probably emanate from the rising consumer demands for materials that are truly ecological, besides ways to reduce plastic waste as much as possible.
  • High-Performance Formulations of TPE: Innovation is continuously being introduced in order to improve the formulations of TPE. Along with characteristic elasticity, thermal resistance, and chemical stability, a host of new formulations is being developed. This is because TPE materials are emerging to meet increasingly exacting demands in industrial applications and consumer fields.
  • TPE Expansion into High-Technology Applications: TPEs are finding their applications in high tech: electronics, medical devices, and motor car components. It is sought for performing attributes such as conductivity, biocompatibility, and the like. This trend reflects the growth in demand for advanced materials with complex needs for high-tech industries.
  • Growth in the Sectors of Automotive and Consumer Goods: Automotive and consumer goods are the biggest drivers of the TPE market. Applications vary from interior and exterior parts in automobiles to packaging and consumer products. As these industries grow, so does the demand for TPEs that are higher in performance and lower in cost.
  • Smart Materials Adoption: Currently, the development and usage of intelligent materials involve the contribution of TPEs with responsive or adaptive properties. These materials can alter their property when receiving external actions involving temperature and pressure. The driving trend toward newer materials with greater functionality and better performance is pushing up the demand.

The ever-evolving trend of sustainability in TPE applications, development of advanced formulations, growth on their usage into high-tech areas, further growth of automotive and consumer goods sectors based on the material, and use of smart material solutions are all expected to drastically modify the future definition of this business. Firms that position themselves to leverage such trends would also be well-placed to meet changing market demands and ensure growth in the future.

Recent Developments in the Thermoplastic Elastomer Market

Representative of the response of the industry towards advancements in technology, changes in consumer preference, and changes within market dynamics are the various recently evolved developments within the thermoplastic elastomer market. These undertakings will now determine the future course that TPEs take and how they are applied across various sectors.

  • Technological Advancements in TPEs: Advances within TPE technology have allowed the development of materials with improved performance attributes. New manufacturing processes and polymer blending techniques further enhance the flexibility, strength, and durability-related properties, thus opening up new applications for TPEs while increasing their acceptance in various industries.
  • Growth of Sustainable TPE Solutions: The key trend in the market is the development of sustainable TPE solutions. The manufacturers are working on bringing biodegradable or recycled material-based TPEs into view. This shift is toward keeping with global sustainability goals, but also to address the increasing consumer demand for green products.
  • Medical and High-Tech Applications Expansion: Medical and high-tech applications have increasingly become an application area for TPEs. In fact, TPE formulations are continually upgraded to meet the demanding applications in medical devices and electronic devices and many other specialized applications that call for very tightly specified performance characteristics. This expansion reflects the growing need for advanced materials in high-tech and healthcare industries.
  • Growth in Automotive Industry Applications: The other segment that is a major growth driver for TPE includes the automotive industries. Recent Developments: TPE finds extensive usage in automotive, from interior trim to exterior parts, due to recent developments. Innovation within this sector is fuelled by the increasing demands for lightweight materials that can successfully combine durability with cost-effectiveness.
  • Emerging Markets and Regional Expansion: TPE markets are, hence expanding in emerging economies due to the growing industrial and consumer sectors. The companies get opportunities in the regions of Asia-Pacific and Latin America as this is driven by industrial growth and rise in consumers' expenditure.

Recent TPE market developments exhibit points of technological advancement, sustainable development, expansion into high-tech and medical applications, growth of automotive uses, and regional market expansion. These shape the future growth opportunities in the TPE industry.

Strategic Growth Opportunities for Thermoplastic Elastomer Market

The thermoplastic elastomer market is a sector in which strategic growth opportunities are emerging within various applications. These changing industry needs and technological developments offer potential market expansion and innovation.

  • Applications in Automobiles: The automotive sector is a high growth avenue for TPEs. Applications of TPEs are found in seals, gaskets, and interior trims of varied automotive parts. Growth in this application area is supported by demands for lightweight durable, and cost-effective materials in the manufacture of automobiles.
  • Medical Device Industry: Medical devices are one of the big growth areas for TPEs. Medical devices need biocompatibility with flexibility and sterilizability, a factor which acts in favor of their use in medical devices. Applications coming under this category will benefit from the demand for high-performance material meeting critical healthcare standards.
  • Electronics and Electrical Applications: New avenues are opening up for TPEs in the electronics and electrical sectors. The characteristics of electrical insulation and thermal stability favor their application in cable sheathing, connectors, and other electronic components. It is the growth of the electronics industry that drives such demands for TPEs with special performance attributes.
  • Consumer Goods and Packaging: Consumer goods and packaging industries are considered the main growth sectors for TPEs. Some examples of TPE applications include packaging films, containers, and household items. The increasing demand for flexible, durable, and economic materials in those industries justifies the market growth.
  • Industrial and Manufacturing Applications: The usage of TPEs in industry and manufacturing for wrapping, sealing, and protecting products keeps on increasing. This versatility and performance of TPE would also make them suitable for a wide variety of industrial uses, from machinery components to equipment covers.

TPEs offer strategic growth opportunities in applications like automotive, medical devices, electrical, consumer goods, and industrial uses. The focused study on these areas presents the company with the advantages of emerging trends to innovatively drive markets for expansion and growth.

Thermoplastic Elastomer Market Driver and Challenges

The drivers and challenges that fashion the thermoplastic elastomer market include technological advance, economic condition, and regulatory factors. The study of these elements provides critical insight into the dynamic nature of this market, thereby aiding the stakeholders in navigating the opportunities and challenges.

The factors responsible for driving the thermoplastic elastomer market include:

1. Technological Advance: This could be due in part to innovations within TPE technologies. Improved polymer-blending and manufacturing processes have given rise to the production of TPEs with enhanced value-added properties such as elasticity, strength, and durability. This makes use of TPEs in more applications possible and represents a more favorable substance to a wide array of industries.

2. Growing Demand for Sustainable Materials: There is an increasing demand for sustainable TPE solutions based on growing environmental concerns and pressures on regulations. In order to fulfill this, the attention of manufacturers has now been diverted toward the development of degradable and recyclable TPEs to meet up to the set sustainability objectives, satisfying consumer interests in eco-friendly products.

3. Growing Market of Automotive and Consumer Goods: Automotive and consumer goods industries account significantly for TPE development. Demand for lightweight, durable, and cost-effective materials in automotive components and consumer products supports demand in these two big application areas and further encourages innovation within these applications.

Challenges in the thermoplastic elastomer market are:

1. Regulatory Compliance: Other challenges include adhering to regulatory standards and environmental regulations for TPE manufacturers. These requirements of safety, quality, and sustainability need huge investments and impact production and cost.

2. Environmental Impact: Plastic waste and sustainability concerns would relate to the impact on the TPE market. This has brought up a demand for more eco-friendly material and better waste management practices, which will definitely alter the dynamics in the market and force manufacturers to come up with new solutions.

3. Market Competition: Competition in the TPE market is very rife, with many players offering similar products. Such intense competition necessitates differentiation related to innovation, quality, and customer service. Firms would find it challenging to carve a niche in the highly crowding marketplace so that its market share and profitability are preserved.

Increased technological development, demand for sustainable materials, growth of the automotive and consumer goods sectors, expansion into medical and high-tech applications, and regional market expansion are some of the key drivers for the thermoplastic elastomer market. Challenges will be mainly related to regulatory compliance, environmental concerns, and market competition. How these drivers and challenges are addressed will be key in navigating the market for growth.

List of Thermoplastic Elastomer Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermoplastic elastomer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermoplastic elastomer companies profiled in this report include-

  • Arkema
  • Covestro
  • Evonik Industries
  • Teknor APEX
  • BASF
  • Huntsman
  • Sinopec
  • Lubrizol
  • Kraton
  • Tosoh

Thermoplastic Elastomer by Segment

The study includes a forecast for the global thermoplastic elastomer by type, application, and region.

Thermoplastic Elastomer Market by Type [Analysis by Value from 2018 to 2030]:

  • Styrenic Block Copolymers
  • Thermoplastic Polyurethane
  • Thermoplastic Vulcanizates
  • Thermoplastic Polyolefins
  • Copolyester Elastomers
  • Others

Thermoplastic Elastomer Market by Application [Analysis by Value from 2018 to 2030]:

  • Automotive
  • Building & Construction
  • Footwear
  • Electrical & Electronics
  • Medical
  • Others

Thermoplastic Elastomer Market by Region [Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Country Wise Outlook for the Thermoplastic Elastomer Market

The changing face of thermoplastic elastomers is due to rapid advances in technology, increasing demand from their respective end-use industries, and changes in regulatory environments. The recent developments reflect the global trends toward improvements related to properties, applications, and environmental concerns.

  • United States: New polymer technologies are developing TPEs in the U.S. market, having improved performance characteristics, which include elasticity, durability, and heat resistance. At the same time, demand is increasing for sustainable TPE solutions because of growing consumer demand for greener material choices coupled with growing regulatory pressure to lessen environmental impact.
  • China became the significant player in the TPE market with the upgrowing automotive and consumer goods sectors. Other recent developments are an innovation in TPE formulations with high performance-cost efficiency that these industries require. Research and development investments were made within China to develop TPEs with improved thermal stability and mechanical properties to meet the changing demands of both local and international demand.
  • Germany: In the German TPE market, the demand for high engineering applications continues to be concentrated in key automotive and industrial end-use sectors. More recent development activity has been focused on designing and manufacturing high-performance TPE types offering enhanced levels of mechanical strength and resistance to chemicals. Stringent regulatory standards and demands for high-quality, biocompatible materials also fuel growth with respect to the medical sector.
  • India: Growth in the automotive and consumer goods sectors is accelerating the TPE market in India. Recent developments are either cost-effective TPE formulations to meet the needs of very price-sensitive markets, while improvement in performance standards is met, or the development of TPEs with improved processability and recyclability, which are in tune with the country's goals on sustainability.
  • Japan: The TPE market in Japan is characterized by high-quality standards and technological innovation. The recent innovations range from specially developed TPEs for advanced applications in electronics and medical devices to newer Japanese TPE formulations that can perform better under extremes, a trait reflecting the country's emphasis on precision and reliability in material science.

Features of the Global Thermoplastic Elastomer Market

Market Size Estimates: Thermoplastic elastomer market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Thermoplastic elastomer market size by type, application, and region in terms of value ($B).

Regional Analysis: Thermoplastic elastomer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the thermoplastic elastomer market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermoplastic elastomer market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

FAQ

Q1. What is the thermoplastic elastomer market size?

Answer: The global thermoplastic elastomer market is expected to reach an estimated $34.8 billion by 2030.

Q2. What is the growth forecast for thermoplastic elastomer market?

Answer: The global thermoplastic elastomer market is expected to grow with a CAGR of 6.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the thermoplastic elastomer market?

Answer: The major drivers for this market are growing preference for bio-based elastomer and rising interest in lightweight vehicles from the automotive industry.

Q4. What are the major segments for thermoplastic elastomer market?

Answer: The future of the thermoplastic elastomer market looks promising with opportunities in the automotive, building & construction, footwear, electrical & electronics, and medical applications.

Q5. Who are the key thermoplastic elastomer market companies?

Answer: Some of the key thermoplastic elastomer companies are as follows:

  • Arkema
  • Covestro
  • Evonik Industries
  • Teknor APEX
  • BASF
  • Huntsman
  • Sinopec
  • Lubrizol
  • Kraton
  • Tosoh

Q6. Which thermoplastic elastomer market segment will be the largest in future?

Answer: Lucintel forecasts that styrenic block copolymer will remain the largest segment over the forecast period.

Q7. In thermoplastic elastomer market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the thermoplastic elastomer market by type (styrenic block copolymers, thermoplastic polyurethane, thermoplastic vulcanizates, thermoplastic polyolefins, copolyester elastomers, and others), application (automotive, building & construction, footwear, electrical & electronics, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are the business risks and competitive threats in this market?
  • Q.6. What are the emerging trends in this market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
  • Market Report

Table of Contents

1. Executive Summary

2. Global Thermoplastic Elastomer Market : Market Dynamics

  • 2.1: Introduction, Background, and Classifications
  • 2.2: Supply Chain
  • 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

  • 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
  • 3.2. Global Thermoplastic Elastomer Market Trends (2018-2023) and Forecast (2024-2030)
  • 3.3: Global Thermoplastic Elastomer Market by Type
    • 3.3.1: Styrenic Block Copolymers
    • 3.3.2: Thermoplastic Polyurethane
    • 3.3.3: Thermoplastic Vulcanizates
    • 3.3.4: Thermoplastic Polyolefins
    • 3.3.5: Copolyester Elastomers
    • 3.3.6: Others
  • 3.4: Global Thermoplastic Elastomer Market by Application
    • 3.4.1: Automotive
    • 3.4.2: Building & Construction
    • 3.4.3: Footwear
    • 3.4.4: Electrical & Electronics
    • 3.4.5: Medical
    • 3.4.6: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

  • 4.1: Global Thermoplastic Elastomer Market by Region
  • 4.2: North American Thermoplastic Elastomer Market
    • 4.2.1: North American Thermoplastic Elastomer Market by Type: Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others
    • 4.2.2: North American Thermoplastic Elastomer Market by Application: Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others
  • 4.3: European Thermoplastic Elastomer Market
    • 4.3.1: European Thermoplastic Elastomer Market by Type: Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others
    • 4.3.2: European Thermoplastic Elastomer Market by Application: Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others
  • 4.4: APAC Thermoplastic Elastomer Market
    • 4.4.1: APAC Thermoplastic Elastomer Market by Type: Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others
    • 4.4.2: APAC Thermoplastic Elastomer Market by Application: Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others
  • 4.5: ROW Thermoplastic Elastomer Market
    • 4.5.1: ROW Thermoplastic Elastomer Market by Type: Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others
    • 4.5.2: ROW Thermoplastic Elastomer Market by Application: Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others

5. Competitor Analysis

  • 5.1: Product Portfolio Analysis
  • 5.2: Operational Integration
  • 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

  • 6.1: Growth Opportunity Analysis
    • 6.1.1: Growth Opportunities for the Global Thermoplastic Elastomer Market by Type
    • 6.1.2: Growth Opportunities for the Global Thermoplastic Elastomer Market by Application
    • 6.1.3: Growth Opportunities for the Global Thermoplastic Elastomer Market by Region
  • 6.2: Emerging Trends in the Global Thermoplastic Elastomer Market
  • 6.3: Strategic Analysis
    • 6.3.1: New Product Development
    • 6.3.2: Capacity Expansion of the Global Thermoplastic Elastomer Market
    • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Thermoplastic Elastomer Market
    • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

  • 7.1: Arkema
  • 7.2: Covestro
  • 7.3: Evonik Industries
  • 7.4: Teknor APEX
  • 7.5: BASF
  • 7.6: Huntsman
  • 7.7: Sinopec
  • 7.8: Lubrizol
  • 7.9: Kraton
  • 7.10: Tosoh