The total demand of thermoplastic elastomers (TPEs) was estimated at 4,069.6 kilotons globally in 2014. Asia-Pacific was the largest market of TPEs, accounting for 42.3% of the global demand and is projected to register a CAGR of more than 6% between 2015 and 2020.
“The total demand of thermoplastic elastomers (TPEs) was estimated at 4,069.6 kilotons globally in 2014. Asia-Pacific was the largest market of TPEs, accounting for 42.3% of the global demand and is projected to register a CAGR of more than 6% between 2015 and 2020. North America accounted for the second largest share of the TPEs market in 2014.
The demand for TPEs is expected to increase with the growing automotive sales. Automotive application accounted for the largest market share; and wires & cables and medical applications are projected to register higher growth over the next five years.
The report also includes company profiling and competitive strategies adopted by various market players. Some of the companies operating in this market are Arkema SA (France), BASF SE (Germany), Bayer AG (Germany), China Petroleum and Chemical Corporation (China), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.) Evonik Industries (Germany), Nippon Polyurethane Industry Company Limited (Japan), among others.
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