The Strategic Analysis of thermoplastic elastomers market in global automotive industry analyzes the key TPE markets (TPO, TPV, TPU, COPE, SBC, and PEBA). The research service covers North America, Europe, China, India, and Japan. It covers the TPE market segmented by product types. The market study also segments the TPE market by countries. The important factors that are driving and restraining the growth of the market have also been detailed in the study along with the challenges faced by the participants. Unit shipment and revenue forecasts have been given for each of the product segments with a detailed note on the competitive structure. Unit shipment forecasts have also been given for the important countries.
Market Overview
- Thermoplastic elastomers (TPEs) are a unique class of polymers, which offer performance characteristics that are a combination of both rubbers and thermoplastics. These materials offer the fabrication ease of thermoplastics as well as the advanced properties of thermoset rubbers.
- TPEs, similar to thermoplastics, can be remelted several times, and can be molded into complex shapes using standard thermoplastic processing equipment.
- They are resilient, soft, and flexible as rubbers and can be decorated, reground, and reprocessed without any significant loss of properties.
- As a result of such characteristics, TPEs prove to be ideal for use in several applications in automobiles.
- Apart from the automotive industry, the other major applications for TPEs will be in footwear, textiles, domestic appliances, hoses and tubes, wire and cable, and other industries.
Market Overview - Segmentation
- The total thermoplastic elastomers market in automotive industry was led by TPO in 2010. The various applications of the material in the automotive sector has made it the widely-used TPE in the industry.
- It held a unit share of xx.x percent in the global automotive industry in 2010.
- The next major TPE used in the automotive industry is TPV that accounted for a unit share of xx.x percent in 2010. The TPE’s application in sealing has enabled it to emerge as the second-largest segment in the market.
- It was then followed by TPU which held a share of x.x percent in the market. TPU was closely followed by COPE that held a share of x.x percent in 2010.
- SBC elastomer held a smaller share of x.x percent, primarily due to its limited application opportunities in the automotive sector.
- PEBA, which is a low-volume segment, accounted for a unit share of x.x percent in 2010.
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