The global thermoplastic elastomers market to grow at a CAGR of 7.78% during the period 2017-2021.
Global Thermoplastic Elastomers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is increasing applications of thermoplastic copolyesters and TPVs. There is an increasing usage of copolyesters and TPVs over the other TPEs by automotive manufacturers in recent years. Although all types of TPEs can be used to replace natural rubber and EPDM in automotive applications, the majority of the manufacturers prefer copolyesters and TPVs over other counterparts. This is due to their superior chemical and physical properties, such as lightweight, abrasion resistance, and excellent electrical properties.
According to the report, one of the major drivers for this market is replacement of conventional materials. TPEs are increasingly replacing conventionally used materials, such as EPDM (M-class), NBR, PVC, and conventional plastics in various applications, including automotive, electronics, healthcare, and packaging. The replacement of traditional materials with TPEs is significant in the automotive industry. Conventional materials are used in a range of applications, including sealing systems of door and window seals, and for manufacturing ancillaries of automotive interiors, such as instrument and door panels.
Further, the report states that one of the major factors hindering the growth of this market is volatile raw material prices. Constant fluctuations in the prices of raw materials used for manufacturing TPEs poses a challenge to the manufacturers. Styrene, butadiene, ethylene, and polypropylene, the major raw materials used for producing TPEs, are produced from petrochemicals, such as ethane, butane, propane, and naphtha. The price of these petrochemicals depends on the price of the crude oil.
- China Petroleum & Chemical Corporation (Sinopec)
- LCY Chemical
- LyondellBasell Industries
Other prominent vendors:
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market segmentation by product
Part 06: Market segmentation by end-user
Part 07: Market segmentation by region
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/nxtfh3/global
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SOURCE Research and Markets