Global Thermoplastic Elastomer Market Size and Forecast 2023-2032|China Petroleum & Chemical Corporation, ExxonMobil Chemical Company, BASF SE, Asahi Kasei Corporation, Covestro AG

The Thermoplastic Elastomer Global Market Report 2023, provides comprehensive information on the thermoplastic elastomer market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global thermoplastic elastomers market size is expected to grow from $25.83 billion in 2022 to $27.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.37%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of thermoplastic elastomers market is expected to reach $35.12 billion in 2027 at a CAGR of 6.76%.

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Product Innovations are a key trend gaining popularity in the thermoplastic elastomer market. Companies operating in the thermoplastic elastomer market are adopting new product innovations to sustain their position in the market. For instance, in April 2022, DuPont, a US-based chemical company introduced a new line of extruded pharma tubing called DuPont Liveo Pharma thermoplastic elastomer tubing. This launch represents a significant milestone for the Liveo brand, as it expands its product offerings to include thermoplastic elastomer technology for fluid transport and single-use bioprocessing applications. Liveo pharma thermoplastic elastomer tubing is specifically designed for use in biopharmaceutical processes. It offers the capability of aseptic connection and disconnection of tubing without the need for connectors, making it suitable for applications such as sampling where maintaining a sterile environment is critical.

The thermoplastic elastomer market is segmented:

1) By Type: Thermoplastic Polyurethane (TPU), Styrenic Block Copolymer (TPE-S), Thermoplastic Vulcanizates, Elastomeric Alloys, Thermoplastic Copolyester, Other Types

2) By Material: Poly Styrenes, Poly Olefins, Poly Ether Imides, Poly Urethanes, Poly Esters, Poly Amides

3) By Application: Automotive, Building And Construction, Footwear, Wire And Cables, Medical, Engineering, Other Applications

North America was the largest region in the thermoplastic elastomer market in 2022.

The table of contents in TBRC’s thermoplastic elastomer market report includes:

1. Executive Summary

2. Thermoplastic Elastomer Market Characteristics

3. Thermoplastic Elastomer Market Trends And Strategies

4. Thermoplastic Elastomer Market – Macro Economic Scenario

5. Thermoplastic Elastomer Market Segmentation

26. South America Thermoplastic Elastomer Market

27. Brazil Thermoplastic Elastomer Market

28. Middle East Thermoplastic Elastomer Market

29. Africa Thermoplastic Elastomer Market

30. Thermoplastic Elastomer Market Competitive Landscape And Company Profiles

Top Major Players:

China Petroleum & Chemical Corporation
ExxonMobil Chemical Company
BASF SE
Asahi Kasei Corporation
Covestro AG

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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