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Thermoplastic Elastomers (TPE) Market Share

Report ID: GMI472
Published Date: Jun 2016
Report Format: PDF

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Thermoplastic Elastomers Market Share

The thermoplastic elastomers industry share is consolidated with major industry players including

Sinopec
Dow Chemical
LyondellBasell
Kraton Polymers

Companies are trying to diversify product portfolio and widen geographical presence by investing in new technology under stringent regulations. Also, industry participants will have to overcome significant barriers and replace rubber materials thoroughly by TPE in order to achieve higher profit margins.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Thermoplastic elastomers market size had exceeded USD 12.5 billion in 2015 and will witness record consumption at over 6 million tons up to 2023.

Thermoplastic elastomers are largely used in automotive, construction, and electrical & electronics industries.

North America thermoplastic elastomers market will observe a CAGR of over 4% through 2023 with the increasing demand for automobiles driven by growing inclination towards owing personal vehicles.

Major companies producing thermoplastic elastomers are Sinopec, Dow Chemical, LyondellBasell, and Kraton Polymers.

Thermoplastic polyurethane market size had surpassed USD 1.6 billion in 2015 owing to rising product demand due to its high resilience, abrasion, tear resistance, and cool temperature resistance properties.