Thermoplastic Elastomers (TPE) Market Report

 

 

Soft and flexible, yet easy and inexpensive to process: Thermoplastic elastomers (TPE) are elastic like rubber at room temperature, but can be melted and repeatedly moulded like standard plastics. TPEs offer high strength and are robust; they can be welded watertight and colored in a variety of ways. In principle, TPEs can also be recycled. These innovative materials, which combine the advantages of two material groups, are conquering more and more areas of application. Furthermore, TPEs are interesting because components can be made from renewable raw materials or combined with bioplastics. Ceresana has analyzed the global market for thermoplastic elastomers for the fourth time: By 2031, revenues generated with TPEs are expected to rise to almost USD 27 billion. However, growth will be driven not only by increasing demand, but also by price inflation.

 

 Global Demand for TPE in 2021

 

TPE applications from shoe soles to bumpers

Because of their versatile properties, TPEs are used in a wide variety of applications. Their good abrasion resistance makes them a suitable material for shoe soles and for soft-touch handles, such as those of toothbrushes, bicycle handlebars or tools. Since TPEs do not require plasticizers due to their high elastomer content, they can be processed into hoses for the pharmaceutical, medical and food industries as an alternative to PVC. Nevertheless, the main customer for TPE manufacturers is the automotive industry: worldwide, around 33% of all TPE products are used in this industry. Applications range from fabric coatings, seals, cable sheathing and insert mats to covers for airbags and bumpers. TPEs are also increasingly being used by other industries, such as mechanical engineering, electrical engineering and electronics, and the sports and toy industries. The construction industry, uses roof membranes made of TPE.

Expanding market for SBC and other TPE grades

The production of thermoplastic elastomers is dominated by manufacturers in Asia: it accounts for roughly two thirds of global TPE production, followed by North America and Western Europe. The market shares of the various TPE grades vary greatly and depend above all on the different developments in the respective user industries. By far the most widely used TPE grade is styrenic block copolymers (TPS, TPE-S or SBC), which account for around 49% of global demand. Their use ranges from blending in adhesives to asphalt modification in road construction. Thermoplastic polyolefins (TPO), which are mainly used in the automotive industry, come in second. Another important type of TPE is thermoplastic polyurethane (TPU), which is used for dashboards and housing shells, for example.

 

The Study in Brief:

Chapter 1 provides a differentiated presentation and analysis of the global TPE market - including forecasts up to 2031: the development of revenues, demand and production is detailed for each region of the world.

The following TPE types are considered individually:

  • Styrenic Block Copolymers (TPS, SBC and others)
  • Thermoplastic Polyolefins (TPO)
  • Thermoplastic Polyurethanes (TPU)
  • Thermoplastic Vulcanizates (TPV)
  • Other Thermoplastic Elastomers.

It also covers the various applications of thermoplastic elastomers:

  • Vehicles
  • Construction Industry
  • Other Industries
  • Footwear and Sporting Goods
  • Household Appliances and Other Consumer Goods.

Chapter 2 provides a detailed analysis of the 16 most important countries for the TPE market in regards to demand, exports, import, production and revenues. In addition, the countries are considered in terms of application areas. The market data on demand volumes per country are broken down for the individual product types.

Chapter 3 provides a useful manufacturer directory of the 66 most important producers of TPE. The individual company profiles are clearly arranged by contact details, sales, profits, product range, production sites and profile summary. The largest TPE producers include, China Petroleum & Chemical Corp. (Sinopec Corp.), ExxonMobil Corporation, Versalis S.p.A., BASF SE, Dynasol Group, DuPont De Nemours, Inc., Arkema S.A., LyondellBasell Industries, Mitsubishi Chemical Corporation, and Sumitomo Chemical Co., Ltd.

 

Scope of the Report:

Attributes

Details

Base Year

2022

Trend Period

2019 - 2031

Forecast Period

2022 - 2031

Pages

260

Product Type

Styrene Block Copolymers (SBC), Thermoplastic Polyolefins (TPO), Thermoplastic Polyurethanes (TPU), Thermoplastic Vulcanizates (TPV), Other Thermoplastic Elastomers
Application Areas Transportation, Construction, Other Industries, Shoes and Sporting Goods, Other Consumer Goods

Company Profiles

BASF SE, Dynasol Group, DuPont De Nemours, Inc., Arkema S.A., LyondellBasell Industries, Mitsubishi Chemical Corporation, and Sumitomo Chemical Co., Ltd (Selection)

Edition

4th edition

Publication

November 2022

 

FAQs

How high will the revenues generated with TPE be in 2031?

Global revenues generated with thermoplastic elastomers are expected to increase to almost USD 27 billion by 2031.

 

What is the most important area of application for TPE?

The main customer of TPE is the automotive industry: worldwide, around 33% of all TPE products are used in this industry.

 

Which TPE type has the highest market share?

By far the most widely used TPE grade is styrenic block copolymers (TPS, TPE-S or SBC), which account for around 49% of global demand.

1 Market Data: World and Regions

1.1 World
1.1.1 Demand
1.1.2 Revenues
1.1.3 Production

1.1.4 Application Areas
1.1.4.1 Transportation
1.1.4.2 Construction
1.1.4.3 Other Industries
1.1.4.4 Shoes and Sporting Goods
1.1.4.5 Consumer Goods

1.1.5 Products Types
1.1.5.1 Styrene Block Copolymers (SBC)
1.1.5.2 Thermoplastic Polyolefins (TPO)
1.1.5.3 Thermoplastic Polyurethanes (TPU)
1.1.5.4 Thermoplastic Vulcanizates (TPV)
1.1.5.5 Other Thermoplastic Elastomers

1.2 Western Europe
1.2.1 Demand
1.2.2 Revenues
1.2.3 Production
1.2.4 Applications & Products

1.3 Eastern Europe
1.3.1 Demand
1.3.2 Revenues
1.3.3 Production
1.3.4 Applications & Products

1.4 North America
1.4.1 Demand
1.4.2 Revenues
1.4.3 Production
1.4.4 Applications & Products

1.5 South America
1.5.1 Demand
1.5.2 Revenues
1.5.3 Production
1.5.4 Applications & Products

1.6 Asia-Pacific
1.6.1 Demand
1.6.2 Revenues
1.6.3 Production
1.6.4 Applications & Products

1.7 Middle East / Africa
1.7.1 Demand
1.7.2 Revenues
1.7.3 Production
1.7.4 Applications & Products

2 Market Data: Country Profiles

(For each country: Revenues, demand split by applications & by types as well as production, import & export)

2.1 Western Europe
2.1.1 France
2.1.2 Germany
2.1.3 Italy
2.1.4 Spain
2.1.5 United Kingdom
2.1.6 Other Western Europe

2.2 Eastern Europe
2.2.1 Poland
2.2.2 Russia
2.2.3 Turkey
2.2.4 Other Eastern Europe

2.3 North America
2.3.1 Canada
2.3.2 Mexico
2.3.3 USA

2.4 South America
2.4.1 Brazil
2.4.2 Other South America

2.5 Asia-Pacific
2.5.1 China
2.5.2 India
2.5.3 Japan
2.5.4 South Korea
2.5.5 Other Asia-Pacific

3 Company Profiles*

3.1 Western Europe
France (1 Producer)
Germany (6)
Italy (4)
Spain (2)
Sweden (2)
The Netherlands (3)

3.2 Eastern Europe
Russia (2)
Slovenia (1)
Turkey (2)

3.3 North America
Mexico (1)
USA (10)

3.4 Asia-Pacific
China (10)
India (2)
Japan (10)
South Korea (6)
Taiwan (4)

 

*Note: The profiles are assigned to the country in which the company or holding is headquartered. Profiles also include JVs and subsidiaries.

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