Thermoplastic Elastomer Market - Industry Insights, Outlook, and Opportunity Analysis, 2018-2025

1. Thermoplastic Elastomer Market- Global Industry Insight, Trends, Outlook, and Opportunity Analysis 2017-2025

2. REPORT DESCRIPTION Thermoplastic Elastomer Market Overview Thermoplastic Elastomers are the flexible materials, which can be stretched without permanently deforming the shape. Thermoplastic elastomers are a physical mix of polymers, which is usually plastic and rubber. Thermoplastic elastomers are manufactured by injection molding and extrusion. Various automobile parts, such as window handles, gaskets, body seals, wipers, filler panels, rocker panels, and damping pads are manufactured from thermoplastic elastomers. The rise in demand for automobiles and increase in consumer spending on automobiles is expected to drive the growth of thermoplastic elastomers market. Recyclability, waste reduction, and adaptability to modification are some of the properties of thermoplastic elastomers, which has applications in electronic and electrical industry. The rise in demand for safe, light weight, and inexpensive products are some of the drivers for the growth of thermoplastic elastomers market. Expensive raw materials and the high cost of crude oil are the restraint for the thermoplastic elastomer market.

3. REPORT DESCRIPTION Thermoplastic Elastomer Market Overview Thermoplastic Elastomers are the flexible materials, which can be stretched without permanently deforming the shape. Thermoplastic elastomers are a physical mix of polymers, which is usually plastic and rubber. Thermoplastic elastomers are manufactured by injection molding and extrusion. Various automobile parts, such as window handles, gaskets, body seals, wipers, filler panels, rocker panels, and damping pads are manufactured from thermoplastic elastomers. The rise in demand for automobiles and increase in consumer spending on automobiles is expected to drive the growth of thermoplastic elastomers market. Recyclability, waste reduction, and adaptability to modification are some of the properties of thermoplastic elastomers, which has applications in electronic and electrical industry. The rise in demand for safe, light weight, and inexpensive products are some of the drivers for the growth of thermoplastic elastomers market. Expensive raw materials and the high cost of crude oil are the restraint for the thermoplastic elastomer market.

4. REPORT DESCRIPTION Thermoplastic Elastomer Market outlook North America is the major thermoplastic elastomer market. The U.S, Canada, and Mexico are the major economies contributing to the large revenue shares in the thermoplastic elastomer market. Rise in demand for automobiles is expected to drive the growth of this market, owing to the applications of the thermoplastic elastomers in manufacturing of automobile parts. According to International Trade Administration (ITA), an agency in the United States Department of Commerce that promotes United States exports of nonagricultural U.S. services and goods. Canada holds a dominant position in the exportation of automotive parts followed by Mexico. Advances in automobile and technology are the major factors boosting the growth of the thermoplastic elastomer market in North America over the forecast period. Asia Pacific is the fastest growing region in the thermoplastic elastomers market. China, Japan, and India are the leading economies in this region. China holds a dominant position in thermoplastic elastomers market. According to the China Association of Automobile Manufacturers (CAAM), China sales around 28 million units in 2016, making China the largest vehicle market globally. Automotive parts market of China is valued over US$ 21 billion with 30% annual growth rate. Increasing demand for automobile parts is expected to propel the growth of the thermoplastic elastomer market over the forecast period. Request sample Copy of this Report:https://www.coherentmarketinsights.com/insight/request-sample/847

5. REPORT DESCRIPTION Europe has the largest thermoplastic elastomer market. Germany, Italy, and France are the major economies in the production of thermoplastic elastomers in this region. The thermoplastic elastomer is an alternative for ethylene propylene rubber (EPR) and ethylene propylene diene monomer (EPDM), which has applications in end-use industries. Increasing demand for light weight and hybrid vehicles in Europe are fueling the growth of the thermoplastic elastomer market. In September 2017, SK Global Chemicals acquire Dows Chemical Company’s ethylene acrylic acid (EAA) ionomers and copolymers business. By this acquisition, SK Global Chemical is expected to acquire Dow Chemical Company’s facilities of production located in Texas, Freeport, and Tarragona. Also, it acquires trademark rights, production technology, and intellectual property. Key players in the Thermoplastic Elastomers Market Key players operating the thermoplastic elastomer market include Covestro AG (Germany), Evonik Industries AG (Germany), Arkema SA (France), LyondellBasell Industries N.V. (Netherlands), Sinopec Group (China), Asahi Kasei Corporation (China), PolyOne Corporation (The U.S.), Teknor Apex Company (The U.S.), Lubrizol Corporation (The U.S.), Tosoh Corporation (Japan), Kraton Corporation (The U.S.) and The Dow Chemical Company (The U.S.). To Get Discount on this Report: https://www.coherentmarketinsights.com/insight/request-discount/847

6. ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. SERVICES CUSTOMIZED RESEARCH INDUSTRY ANALYSIS SYNDICATED RESEARCH COUNTRY SPECIFIC STUDIES MARKET INTELLIGENCE SERVICES CONSULT STUDIES

7. ABOUT COHERENT MARKET INSIGHTS Industries we cater SECTOR COVERAGE Healthcare HEALTHCARE IT CLINICAL DIAGNOSTIC BIOTECHNOLOGY PHARMACEUTICAL MEDICAL IMAGING MEDICAL DEVICES Chemicals & Materials Speciality and Fine Chemicals Advanced Materials Bulk Chemicals Green Chemicals Polymers & Resins Food Ingredients Cosmetic Ingredients

8. ABOUT COHERENT MARKET INSIGHTS KEY STATS RESEARCH SOLUTIONS GLOBAL REPORTS FEASIBILITY STUDIES 100+ Insights Published Per Year COUNTRY ANALYSIS 150+ CONSULT PROJECTS Consulting Projects Till Date SURVEY RESEARCH EXCEL FORECAST DATABASE 125+ COMPETITIVE ASSESSMENT Clients Worldwide Per Year 110+ TECHNOLOGY SNIPPETS CUSTOMIZED SOLUTIONS Analysts and Contract Consultants Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein.

9. THANK YOU To know more about us, visit our website: www.coherentmarketinsights.com For sales queries or new topics email us on: sales@coherentmarketinsights.com For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights sales@coherentmarketinsights.com +1-206-701-6702