Analysts Predict Lightning Growth for Global Thermoplastic Elastomers Market


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Global thermoplastic elastomers (TPE) market is expected to reach USD 19.76 billion by 2022, according to a new report by Grand View Research, Inc.


Global thermoplastic elastomers (TPE) market is expected to reach USD 19.76 billion by 2022, according to a new report by Grand View Research, Inc. High substitution rate of thermoplastic elastomers, such as TPU and TPO, as an alternative to ethylene propylene diene monomer (EPDM) in construction materials is expected to drive TPE demand over the forecast period. Growing demand for lightweight, high performance materials from automotive industry in order to improve fuel efficiency by reducing overall weight of automobiles is expected to fuel TPE demand over the forecast period. Volatile prices of key raw material such as styrene, propylene and polyurethane are expected to remain a key challenge for market participants.

SBC was the single largest product segment and accounted for 47.1% of total market volume in 2014. Increasing demand for SIS, particularly in China & India, in automotive applications is expected to drive the product segment growth over the next seven years. Paving & roofing was the leading application segment for SBC and accounted for almost 35% of the product volume in 2014.

To request a sample copy or view summary of this report: 
https://www.grandviewresearch.com/industry-analysis/thermoplastic-elastomers-market

Further key findings from the study suggest:

Grand View Research has segmented the global thermoplastic elastomers market on the basis of product and region:

Global Thermoplastic Elastomers (TPE) Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

Global Thermoplastic Elastomers (TPE) Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-thermoplastic-elastomers-tpe-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

 




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