Thermoplastic elastomers are adaptable materials, which can be extended without distorting the shape permanently. Thermoplastic elastomers are a physical blend of polymers, which is typically plastic and elastic, and they are manufactured by injection, molding, and extrusion. It is utilized in various applications in the automotive sector, such as airbags, anti-slip mats, window trims, cowl panels, spoilers, and seals & air duct components. Rising demand for automobiles and automotive parts along with increasing consumer spending on automobiles are expected to drive growth of the thermoplastic elastomers market.
Superior properties of thermoplastic elastomers include its glass transition temperature and outstanding material stability when exposed to a broad range of temperatures and non-polar materials. Moreover, less energy is consumed in case of manufacturing TPEs and it can be colored using ordinary dyes.
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Among product type, styrenic block co-polymers segment accounted for the largest revenue share in the global thermoplastic elastomers market in 2017.
Among application, automotive parts segment accounted for the largest revenue share in the global thermoplastic elastomers market in 2017. This is due to the properties of TPE such as weather & temperature resistance, shock absorption, flexibility, abrasion resistance, and recyclable.
Among End-use industry, automotive segment accounted for the largest market share in 2017, owing to the production of TPE-based building materials such as pipes, paving and roofing components, and window grills.
Global Thermoplastic Elastomers Market, By Product Type:
Styrenic Block Co-polymers
Thermoplastic/Elastomers Blend & Alloy
Reactor-made Thermoplastic Polyolefin Elastomers (R-TPO)
Polyolefin Plastomers (POP’s)
Polyolefin Elastomers (POE’s)
Global Thermoplastic Elastomers Market, By Application:
Wires and Cables
Adhesive & Sealant
Paving & Roofing
Housewares & Appliances
Major players operating in the global thermoplastic elastomers market include DowDuPont Inc., Arkema Group, Asahi Kasei Corporation, PolyOne Corporation, Elastron Kimya SA, Kraton Corporation, Evonik Industries, and Covestro AG.
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