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Thermoplastic Elastomers Market Revenue Drivers | Application and Share Analysis | Forecast To 2022

In 2014, the global thermoplastic elastomers (TPE) market was estimated at 3.82 million tons and is predicted to grow at higher CAGR in the forecast period as the scope, products and its applications are rising enormously across the globe.<br>

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Thermoplastic Elastomers Market Revenue Drivers | Application and Share Analysis | Forecast To 2022

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  1. Thermoplastic Elastomers Market Revenue Drivers, Growth Opportunities, Supply Chain Analysis and Forecast Research Report Till 2022 “In 2014, the global thermoplastic elastomers (TPE) market was estimated at 3.82 million tons and is predicted to grow at higher CAGR in the forecast period as the scope, products and its applications are rising enormously across the globe.” The global Thermoplastic Elastomers Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: In 2014, the global thermoplastic elastomers (TPE) market was estimated at 3.82 million tons. The rising replacement of ethylene propylene diene monomer (EPDM) by TPE in construction equipment is likely to fuel the product market. The superior chemical and physical properties of the product as opposed to thermoset plastics are expected to widen the application scope, thereby aiding market demand. Key Players: Advanced Elastomer Systems L.P. Arkema S.A. BASF Bayer MaterialScience China Petroleum & Chemical Corporation Dynasol Elastomers LLC

  2. Request free sample to get complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/thermoplastic-elastomers-tpe-market/request-sample Growth Drivers: The growing application of TPE in electronics, consumer goods, construction, and footwear is expected to have a positive impact on the product demand. The rising demand for TPE in the automotive industry owing to the changes in consumer preferences regarding lightweight and high performance passenger cars has been instrumental in driving the market growth. The fluctuating prices of major raw materials including polyurethane, propylene, and styrene is likely to hamper the market growth. Product Outlook: Styrene Block Copolymers (SBC) Thermoplastic Polyurethanes (TPU) oStyrene Butadiene Styrene (SBS) oStyrene Isoprene Styrene (SIS) oHydrogenated Styrene Block Copolymers (HSBC) Thermoplastic Polyolefins (TPO) Thermoplastic Vulcanizates (TPV) Copolymer Esters (COPE) Other TPE Regional Insights: Asia Pacific contributed to over 40% of the global product consumption in 2014. The industrial growth in this region is on account of favorable government norms coupled with monetary policies regarding private investments. The major contributors to TPE consumption India and China are estimated to grow exponentially at around 66% during the analysis period. North America accounts for over 35% of the TPO product consumption market. The rising demand for the product in the construction & industrial sector is likely to propel market growth. The industrial growth in the region is based on increased application scope coupled with high R&D activities by local companies. The increased production in the automotive sector in Mexico and US coupled with the growth of consumer & construction industries is likely to have a positive impact on the TPE demand during the analysis period. Browse Related Category Research Reports @ https://blog.naver.com/tomclark

  3. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Asia Pacific Global Headquarters Million Insights Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Phone: 91-20-65300184 Email: sales@millioninsights.com

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