This market research report presents the segmentation of the global TPE market by end user (transportation, construction and infrastructure, consumer electronics, healthcare, packaging, and footwear), by products (styrenics, polyolefin blends and alloys, polyurethanes, copolyesters, and polyamides), and by geography (Americas, APAC, Europe, and ROW). The key vendors analyzed in this market research report are Dynasol Elastomers, Polyone, LCY Chemicals, and Dow Chemical.
Technavio’s market research analysts estimate the global TPE market to grow at a CAGR of 8% between 2015 and 2019. The increased use of TPE products as a replacement for traditional materials in the automotive industry is driving the market growth. APAC dominates the global market for TPE, accounting for 42% of the total market share. The increased consumption by the automotive industry in the emerging economies, especially India, is driving the market growth in this region.
The new market research report from Technavio provides a breakdown and analysis of the TPE segments by technology.
“TPE is used for paving and roofing applications and in adhesives and sealants within the construction sector. The entry of major construction players from the EU in the Chinese market has fueled the growth of this industry, thereby creating a demand for TPE products. Also, TPE provides the manufacturer with increased design flexibility and reduced cost and enhanced long-term weather-resistance advantages,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research.
Styrenics accounts for around 38% of the total market share. The increased infrastructural developments in the emerging economies such as China is driving the growth of this segment. The increased adoption of styrenic TPE products for bitumen modification in pavement and roofing applications is also fuelling this segment’s growth
Global TPE market segmentation by product 2019
Source: Technavio, 2015
The leading vendors in the global TPE market includes Dynasol Elastomers, PolyOne, LCY Chemicals and Dow Chemical. This market is highly fragmented with the four key vendors accounting for around 25% of the global market share in terms of capacity. The market experienced high levels of capacity additions and is currently facing the issue of overcapacity and supply.
A more detailed analysis is available in the Technavio report, Global TPE Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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