Market research specialist Ceresana has analyzed the global market for TPEs for the third time. Global revenues generated with TPEs are expected to increase to almost $21bn by 2027.
Ceresana Examines the World Market for Thermoplastic elastomers
TPE is in increasing demand in mechanical engineering, medical technology, and electrical engineering and electronics. TPE can now be found in numerous everyday products, for example in cable sheathings, roof membranes, soft-touch handles for tools or toothbrushes, as well as in many toys and household appliances.
The demand for TPE is strongly concentrated in the largest economic nations: processors in China, the US, Japan, and Germany currently account for more than 60 per cent of global consumption. The production of TPE is dominated by manufacturers in Asia, where more than 57 per cent of the global production takes place. North America comes in second place, followed by Western Europe.
The study offers a differentiated presentation and analysis of the global TPE market, including forecasts until 2027, and the development of revenues, demand, and production is presented for each region of the world. The market for TPE is divided into the different types of TPE: SBC, TPO, TPU, TPV and other thermoplastic elastomers. The different areas of application of TPEs are also examined in detail. Data and factors influencing the use of TPE in the segments transportation, construction, other industries, shoes and sporting goods, as well as other consumer goods are analyzed separately.
It also provides an in-depth analysis of the 16 most important countries for the TPE market: demand, exports, imports, production, and revenues. The countries are also reviewed in terms of the different application areas. The data on demand volumes per country are furthermore divided by each product type.
Finally, the study contains a useful list of manufacturers including the 59 most important producers of TPE. It is clearly organized according to contact information, revenues, profits, product range, production sites, and profile summary.