Global Thermoplastic Elastomers Market to Reach Us$ 15,287.7 Mn in 2018, Rising Applications in Automobile Industry to Drive Demand for Thermoplastic Elastomers

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Thermoplastic Elastomers Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2012 - 2018

Published Date

29-Jan-2013

141 Page Report

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Use of Bio-based Thermoplastic Elastomers to Increase

across Diverse Industries, says TMR

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Thermoplastic Elastomers Market

REPORT DESCRIPTION

Thermoplastic Elastomers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

2012 - 2018

The global thermoplastic elastomers (TPE) market is led by large multinational companies who have their

presence across the value chain. Key companies leading in the SBC market are Sinopec, Kraton, LCY

Chemical, and Dynasol. The players leading in the thermoplastic polyurethane (TPU) market are Bayer, BASF,

Huntsman, and Dow Chemicals. There are frequent mergers, acquisitions and partnerships among players.

The threat of substitutes is expected to rise from medium to high owing to regulatory pressure to use bio-based

alternatives. There exists a considerable threat of forward integration from raw material suppliers, states a new

report by Transparency Market Research (TMR).

Capacity addition in Asia Pacific is expected to lead to an oversupply, thus the supplier power is expected to

remain medium in the coming years. Buyers are looking for long term supply contract and agreements to gain

cost benefits. However, there exists a potential threat of backward integration from buyers. Thus, the buyer

power is expected to rise from medium to high.

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According to the report, the global thermoplastic elastomers market is expected to rise from US$12,650.8 mn

in 2015 to US$ 15,287.7 mn in 2018. By product, the styrenic...