Market Overview

Global Thermoplastic Elastomers Market to 2022 by Product, End-User and Country - Featuring DowDuPont, Exxon Mobil, Kraton, LyondellBasell, Mitsui Chemicals, and Sinopec -


The "Global
Thermoplastic Elastomers by Product, Market and Country, 10th Edition"

report has been added to's

This industry study presents historical demand data (2007, 2012, and
2017) and forecasts for 2022 by product (styrenic block copolymers,
thermoplastic polyolefins, polyolefin elastomers, thermoplastic
polyurethanes, thermoplastic vulcanizates, copolyester elastomers) and
market (motor vehicles; consumer goods; asphalt and roofing; adhesives,
sealants and coatings; industrial products).

The study also evaluates company market share and provides
analysis on industry competitors, including:

  • DowDuPont
  • Exxon Mobil
  • Kraton
  • LyondellBasell
  • Mitsui Chemicals
  • Sinopec

Economic Development, Performance Advantages Spurring Growth in
the Global Thermoplastic Elastomer Market

Robust growth in developing markets like Thailand and India will drive
gains in the near term, stimulated by rapid economic development and
slow but steady market penetration of TPEs. Adoption of TPEs will also
continue to advance in the developed world, as concerns about
competitive materials bring TPEs to the forefront.

TPEs Continue Takeover from Competitive Materials like PVC and

In North America and Western Europe, concerns about phthalate
plasticizers in PVC products will cause manufacturers to voluntarily
limit their use, particularly in medical devices and consumer products.
TPEs' inherent flexibility and safety will present an opportunity for
them to take over PVC's previous applications, such as IV bags and

In industrial component and motor vehicle markets, TPEs - particularly
TPV - will see growth over thermoset rubbers, boosted by TPEs'
recyclability, ease of processing, and suitability for overmolding
applications relative to rubber.

Motor Vehicle Market Penetration to Grow in Emerging Markets,
Soft Touch Interiors

Motor vehicle applications for TPEs in developed world markets are
beginning to reach maturity in exterior and structural components.
However, two factors will continue to support the world's largest market
for these materials.

First, because TPE adoption has typically lagged in developing world
markets like China and India, this leaves significant opportunity for
TPE suppliers targeting the Asia/Pacific region, and TPE adoption will
continue to rise. Growth segments include components still made from
EPDM rubber, such as door and window seals.

Second, in developed world markets, soft touch feel and good
weatherability will continue to drive TPE adoption in interior skins and
components. Ease of processing will lead TPEs to overtake rubber in
engine applications.

US Remains Strong Global Production Base, Despite More Rapid
Gains in China

Although market gains are faster in the developing world, a number of
TPE suppliers are expanding capacity in the US, including Covestro,
DowDuPont, Lubrizol, and Mitsui Chemicals. This is because the US
possesses numerous advantages as a global supplier of TPEs: low energy
costs, a skilled workforce, and a number of large multinational
customers that are headquartered in the country.

In addition, a number of smaller TPE manufacturers based in the
developing world are building factories in the US, as they seek to
broaden their customer base into higher value added markets.

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