Growth in the world thermoplastic elastomers (TPEs) market will total 5.2% annually through 2019. Gains will be fueled by increased penetration of TPEs into new applications, taking share from competitive materials such as plastic and conventional rubber. Demand will also benefit from consumer preferences for soft touch materials and rising automotive fuel efficiency.
This report segments the world thermoplastic elastomers industry by Product, Market, and Region. Data is provided in million metric tons and million US dollars.
SBCs will remain the largest of these through 2019. Fastest growth will be for TPVs, driven by new product development in motor vehicle applications.
Major TPE Markets include:
Asphalt & Roofing
Adhesives, Sealants, & Coatings
Motor Vehicles was the leading outlet in 2014. The most rapid gains through 2019 are forecast for the Adhesives, Sealants, & Coatings market, fueled by growing use of TPEs in packaging tapes & labels and hot melt adhesives.
World regions and countries covered in the study include:
North America (US, Canada, Mexico)
Western Europe (Germany, Italy, France, UK, Spain)
Asia/Pacific (China, India, Japan, South Korea, Taiwan
Central & South America (Brazil)
Eastern Europe (Russia)
The Asia/Pacific region will see the strongest advances among world regions through 2019. China will continue to see particularly fast gains in TPE demand on the back of rapid growth in motor vehicle production and construction activity.
Most companies active in the TPE industry are large chemical concerns which specialize in the production of one or two TPE product types. Leading suppliers include Dow Chemical, Exxon Mobil, Kraton Performance Polymers, LCY Chemical, LyondellBasell, Mitsui Chemicals, and Sinopec.