New TPE market study

The TMR analyst sees the demand for TPEs primarily driven by the growing demand for light weight and high performance materials from the automobile industry as the biggest end use industry for TPEs. Shift towards replacing PVC with TPEs from the major end use industries such as automobiles and construction is also seen as acting as one of the crucial factors propelling the growth of the market. However, the volatility in raw material prices and the regulatory issues owing to growing environmental concerns are acting as major factors which are inhibiting market growth. Owing to these issues, the TMR analyst says that the world is shifting towards developing bio-based materials which provide an economically feasible solution to the growing demand of thermoplastic elastomers.

Example: footwear market
The analyst estimates the global demand for SBCs in footwear market to be 415,800 tonnes in 2011 and expect it to reach 540,500 tonnes by 2018, growing at a CAGR of 3.9 % from 2012 to 2018. In terms of revenues, the market is estimated to be USD 939.5 million in 2011 and is expected to reach USD 1,367.3 million by 2018, growing at a CAGR of 5.3 % from 2012 to 2018.

The study also looks at the main players in the industry and gives company profiles of the major participants. Market participants profiled in the report include Bayer, BASF, Dow, Dushanzi, Dynasol, Kraton, Huntsman, LG Chemicals, LCY, Sinopec, TSRC, and Yantai Wanhua.

Thermoplastic Elastomers Market (SBCs, TPOs, TPUs, TPVs + COPEs) - Global Industry Analysis, Size, Share, Growth And Forecast, 2012 – 2018, 141 p., single user licence USD 5596.00