Thermoplastic Elastomers Market Outlook, Trends, Size and Growth to 2025

1. Market Overview: Thermoplastic elastomers (TPEs) are multi-user polymeric materials that are processed in the same way as plastic but have rubber properties. TPEs show high-performance characteristics like shock absorption, cleanliness, easy sterilization, dimensional stability, chemical, weather, and thermal resistance, and flexibility. TPEs can be quickly processed, molded, and recycled, and therefore production needs low energy costs and is eco-friendly. The global market was close to USD 23.25 billion by revenue, at the end of 2020 and is estimated to rise at a CAGR of 5.43% to reach around USD 30.29 billion in the foreseen period. Market drivers and restraints: The increasing demand for TPEs in the automotive business is estimated to propel market expansion during the forecast period. TPEs are employed in the manufacturing of different vehicle components to reduce weight hence rising the efficiency of vehicles. Owing to the growing global population, the automotive industry is expected to expand at a high rate, which is likely to fuel the demand for thermoplastic elastomers in the future. Moreover, the application of TPEs in the electrical and footwear businesses is expected to drive market expansion during the foreseen period. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/thermoplastic-elastomers-market Report segmented as: By product: Vulcanizate styrenic block copolymer polyurethane polyamide olefin others By end user: automotive building and construction footwear home appliances healthcare others Geographical analysis: Based on geography, the global thermoplastic elastomers market has been segmented into regions of Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. In

2. 2020, Asia-Pacific accounted for the highest share of the global market due to the high product demand in the automotive and footwear industries. Important market players: Some of the key players in the global thermoplastic elastomers market are Timco Rubber (US), Arkema (France), Huntsman International LLC (US), the Dow Chemical Company (US), RTP Company (US), Covestro AG (Germany), Kraiburg TPE GmbH & Co. KG (Germany), Tosoh Corporation (Japan), the Lubrizol Corporation (US), Teknor Apex (US), Kent Elastomer Products (US), Altana AG (Germany), JSR Corporation (Japan), and Elastron Kimya SAN. TİC. AŞ (Turkey). View a sample and decide: https://www.marketdataforecast.com/market-reports/thermoplastic-elastomers- market/request-sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/