Thermoplastic Elastomers Market 2023 Trends, Growth & ForecastPosted by Payal Singhania on January 2nd, 2020 Market Overview Market Research Future (MRFR) announces the publication of its research report Global Thermoplastic Elastomers Market, 2023. Thermoplastic elastomers (TPEs) are multifunctional polymeric materials that are processed in the same way as plastic but possess rubber properties. TPEs can be easily processed, molded, and recycled, and hence production requires low energy costs and is eco-friendly. In addition, TPEs find application in the building and construction, home appliances, and healthcare industries. The rising demand for TPEs in the automotive industry is expected to propel market growth during the forecast period. TPEs exhibit excellent performance characteristics such as shock absorption, cleanliness, easy sterilization, dimensional stability, chemical, weather, and thermal resistance, and flexibility. TPEs are used in the manufacturing of various vehicle components to reduce weight, thus increasing the efficiency of vehicles. Moreover, TPEs are used in the manufacturing of anti-vibration mounts, inlet pipes and exhaust manifolds, filter housings seals, drum suspensions bushes, and door seals of washing machines and dishwashers. Furthermore, the application of TPEs in the electrical and footwear industries is likely to drive market growth during the review period. Leading Players Some of the prominent players in the global thermoplastic elastomers market are Timco Rubber (US), Arkema (France), Huntsman International LLC (US), the Dow Chemical Company (US), RTP Company (US), Covestro AG (Germany), Kraiburg TPE GmbH & Co. KG (Germany), Tosoh Corporation (Japan), the Lubrizol Corporation (US), Teknor Apex (US), Kent Elastomer Products (US). Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/thermoplastic-elastomers-market-6344 Regional Analysis The global thermoplastic elastomers market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2017, Asia-Pacific accounted for the largest share of the global thermoplastic elastomers market owing to the high product demand in the automotive and footwear industries. The expanding global population and rapid industrialization are expected to be the key factors powering product demand in this region. The US is projected to be the leading market for TPEs in North America. This can be attributed to the large number of automotive production plants, use of biodegradable products, and advancements in the healthcare sector. Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6344 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Like it? Share it! More by this author |