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Global Industry Size, Analysis, Growth, Opportunity & Forecast Report 2029 for Thermoplastic Elastomers

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 held the biggest revenue share of over 36.1% in the Thermoplastic Elastomers market in 2021. In 2021, styrenic block copolymer was the most widely consumed substance. Over the projection period, it is expected that rising SIS demand in China and India would propel the segment's growth. Global TPE usage is anticipated to rise with increased use in fascia systems and automotive under-the-hood applications. TPE is becoming more and more popular in construction applications due to its capabilities as a thermal and acoustic insulator.

Over the forecast period, TPU demand in construction is expected to be influenced by the growing importance of energy efficiency in buildings and consequent regulatory initiatives aiming at zero-energy buildings. Furthermore, the increased industrialisation in many locations is likely to promote industry growth. Rapid industrialization and the resulting demand from plastics, synthetic lubricants, and other industrial uses have been important market drivers in recent years. Rapid industrialisation in the United States has helped industry growth.

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Global Thermoplastic Elastomers Market: Research Methodology

Global Thermoplastic Elastomers Market: Executive Summary

Market Overview and Definitions
Introduction to Global Thermoplastic Elastomers Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Thermoplastic Elastomers Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Thermoplastic Elastomers Market Segmentation

Global Thermoplastic Elastomers Market, by End-Use (2021-2029)
Global Thermoplastic Elastomers Market, by Material Type (2021-2029)

Regional Thermoplastic Elastomers Market(2021-2029)

Regional Thermoplastic Elastomers Market, by End-Use (2021-2029)
Regional Thermoplastic Elastomers Market, by Material Type (2021-2029)
Regional Thermoplastic Elastomers Market, by Country (2021-2029)

Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

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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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