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.
Thermoplastic Elastomer Market Taxonomy:
On the basis of Type, the thermoplastic elastomer market is segmented as:
On the basis of End-Use Industry, the Thermoplastic Elastomers are segmented as:
On the basis of application, the Thermoplastic elastomer market are segmented as:
Thermoplastic Elastomer Market outlook
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.).
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