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16. October 2009

New TPE study sees global demand to rise 5.9 % annually through 2013

A new market study presented by Freedonia presents industry forecasts for the international TPE markets. According to the study world demand for thermoplastic elastomers is forecast to rise 5.9 % per year through 2013 to 4.75 million tonnes.

Value gains will expand 6.6 % per year over the same period. Gains will be exaggerated to some extent by the fact that growth will be arising from a weak recession-plagued 2008. According to the Freedonia analysts growth prospects through 2013 will be very strong in the BRIC nations of Brazil, Russia, India and China. Some developed nations such as Canada will see strong growth in their TPE sectors due to a healthy projected recovery in their respective motor vehicle industries from heavy declines experienced during 2008. Growth in the US, Japan and Western Europe will lag the global average through 2013. China will expand its share of the world TPE market from 32 % in 2008 to 36 % in 2013. In the largest volume styrenic block copolymer (SBC) product segment, China will see an increase in its share of world demand to 47 % in 2013, indicative of the country’s dominance in the manufacturing of SBC consuming products such as footwear. The US will remain the world’s leading national market for thermoplastic vulcanizates. Sales to remain concentrated in developed markets. Excluding China, global TPE sales will remain heavily concentrated in the developed markets of the US, Western Europe and Japan, particularly for higher performance materials such as COPEs and TPVs. Most developing markets have initially focused on low cost SBCs due to their existing positions in styrene-butadiene and polybutadiene rubber, but some such as China are also significantly diversifying into compounded TPOs and TPUs. Motor vehicles will remain the largest market for TPEs at the global level, with demand of around 1.2 million metric tons in 2013. Through 2013, TPOs and TPVs will continue to see increasing penetration in motor vehicles in both interior and exterior applications. Specific areas of growth include soft-touch TPO trim, TPO airbag covers, TPV body seals, two-shot TPO or TPV overmolding of larger parts such as door panels, TPV weather seals and TPO exterior panels that eliminate the need for paint.

WORLD THERMOPLASTIC ELASTOMER DEMAND
(000 metric tons)
% Annual Growth
Item 2003 2008 2013 2003-
2008
2008-
2013
Thermoplastic Elastomer Demand 2221.0 3135.0 4200.0 7.1 6.0
Styrenic Block Copolymers 1124.0 1573.0 2000.0 7.0 4.9
Thermoplastic Polyolefins 435.0 617.0 850.0 7.2 6.6
Thermoplastic Polyurethanes 290.0 428.0 575.0 8.1 6.1
Thermoplastic Vulcanisates 158.0 236.0 389.0 8.4 10.5
Copolyester Elastomers 116.0 154.0 209.0 5.8 6.3
Other TPEs 98.0 127.0 177.0 5.3 6.9
These are some results of the Freedonia study World Thermoplastic Elastomers. (USD 5800). The study presents historical demand data (1998, 2003 and 2008) and forecasts for 2013 and 2018 by thermoplastic elastomer product, market, world region and for 15 countries. It also considers market environment factors, evaluates company market share and profiles industry competitors. Content: Introduction Executive Summary Market Environment
  • General
  • Global Macroeconomic Environment
    - Recent Economic Performance
    - World Economic Outlook
  • Global Fixed Investment Trends
  • World Demographic Outlook
    - World Population Outlook
    - World Urban Population Outlook
  • World Motor Vehicle Overview
    - World Motor Vehicle Production/Assembly
    - World Motor Vehicles in Use
  • Per capita TPE Demand/per capita GDP Relationship
Demand by market
  • General
  • Motor Vehicles
  • Industrial Products
  • Footwear
  • Asphalt & Bitumen Modification
  • Adhesives, Sealants & Coatings
  • Consumer & Sporting Goods
  • Wire & Cable Jacketing
  • Medical Products & Equipment
  • Other Markets
Supply & demand by type
  • General
  • Styrenic Block Copolymers
    - Production by Region
    - Suppliers & Capacity
    - Demand by Region
    - Demand by Market
  • Thermoplastic Polyolefins
    - Production by Region
    - Suppliers & Capacity
    - Demand by Region
    - Demand by Market
  • Thermoplastic Polyurethanes
    - Production by Region
    - Suppliers & Capacity
    - Demand by Region
    - Demand by Market
  • Thermoplastic Vulcanizates
    - Production by Region
    - Suppliers & Capacity
    - Demand by Region
    - Demand by Market
  • Copolyester Elastomers
    - Production by Region
    - Suppliers & Capacity
    - Demand by Region
    - Demand by Market
  • Other Thermoplastic Elastomers
    - Production by Region
    - Suppliers
    - Demand by Region
    - Demand by Market
Supply and demand by region and country
  • General
  • North America
    - North America: TPE Market Share by Company
    - United States
    - Canada
    - Mexico
  • Western Europe
    - Western Europe: TPE Market Share by Company
    - France
    - Germany
    - Italy
    - Spain
    - United Kingdom
    - Other Western Europe
  • Asia/Pacific
    - Asia/Pacific: TPE Market Share by Company
    - China
    - India
    - Japan
    - South Korea
    - Taiwan
    - Other Asia/Pacific
  • Other Regions
  • Latin America
    - Brazil
    - Other Latin America
  • Eastern Europe
    - Russia
    - Other Eastern Europe
  • Africa/Middle East
Industry structure
  • General
  • Market Share
  • TPE Compounders
  • Technology
  • Manufacturing
  • Competitive Strategies
  • Acquisitions, Divestitures & Industry Restructuring
  • Joint Ventures & Cooperative Agreements
  • Marketing
  • Distribution
Company Profiles

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