#thermoplastic elastomer market

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Thermoplastic Elastomer Market Size, Share and Growth Report, 2031

Global thermoplastic elastomers market is projected to witness a CAGR of 3.9% during the forecast period 2024-2031, growing from 6.25 million tons in 2023 to 8.49 million tons in 2031. The flourishing footwear industry is augmenting the demand for thermoplastic elastomers market growth. This growth is attributed to footwear sales through e-commerce sites and increasing sports events. The increasing deployment of thermoplastic elastomers in transport parts bolstered market growth. For instance, according to the Alliance for Automotive Manufacturers, in 2022, investments in automotive parts manufacturing reached USD 43 billion.

The robust growth of the transportation sector is ascribed to various factors, including the production expansion of aircraft, multiple government initiatives to develop electric vehicle manufacturing hubs, and the ongoing manufacturing activities associated with the new marine vessels. The increasing consumer demand for a new range of footwear, shifting consumer preferences, and advancements in manufacturing technologies are some of the prime attributes influencing the growth of the footwear industry at the global level. Thus, the robust growth of the transportation and footwear sectors at the global level is boosting the demand for thermoplastic elastomers to ensure superior chemical resistance, which, in turn, is supplementing the market growth.

In addition, the recent opening of new facilities for thermoplastic elastomer development will boost the supply of products in the global market, thereby creating a lucrative opportunity for market growth in the long run. For instance, in October 2022, Audia Elastomers launched a new manufacturing plant in Changshu, China. The new manufacturing facility of Audia Elastomers is manufacturing a range of elastomers, including thermoplastic elastomers (TPEs). However, thermoplastic elastomers have several performance limitations, restraining the market’s growth.

The Booming Transportation Industry at the Global Level is Augmenting the Market Traction

In the transportation industry, deploying thermoplastic elastomers is vital as the material ensures superior benefits, such as being lightweight, cost-effective, and highly durable, as opposed to thermoset materials in the total system cost, thereby making it increasingly desirable for transport product manufacturers. Thermoplastic elastomers are employed in transportation products such as commercial aircraft, passenger vehicles, cruise ships, and others. The development of new transport manufacturing facilities, rising commercial flight activities, increasing aircraft production, and surging innovations in the upgraded transport vehicle models are some of the prominent variables fostering the transportation sector’s growth at the global level.

For instance, according to Airbus, a global aircraft manufacturer, the production of A330 aircraft reached 3 per month in 2022. Moreover, Airbus is focusing on increasing the production of A330 aircraft by 4 in 2024. Furthermore, Airbus delivered 611 commercial aircraft units, and in 2022, it was 661 units, an annual growth rate of 8%. Hence, the booming transportation industry is fueling the adoption of thermoplastic elastomers for manufacturing bumpers, air ducts, and high & low-pressure pipes, which forms a major aspect accelerating the market growth.   

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The Bolstering Footwear Sector is Supplementing the Growth of the Market

Thermoplastic elastomers are ideal for manufacturing footwear midsoles as TPEs serve significantly higher levels of flexibility than traditional materials such as ethylene-vinyl acetate (EVA) foams. Additionally, thermoplastic elastomers can be molded into complex shapes for enhanced cushioning, shock absorbency, and support. The footwear sector is experiencing significant demand growth due to several key factors, including the growing sales facilitated by e-commerce, extensive spending on advertising by footwear brands, rising demand for athletic, trendy, and comfortable footwear, and rapid urbanization.

According to the recent statistics published by the World Footwear Yearbook 2023, 2022 global footwear production was 23.9 billion pairs, representing a year-on-year growth rate of 7.6%. Likewise, according to the Sports & Fitness Industry Association (SFIA), the sporting goods industry experienced record-breaking sales in 2021, with a 15.8% increase in revenue from 2020 and a 16.4% increase since 2019 pre-pandemic numbers. Henceforth, the bolstering footwear sector is spurring the demand for thermoplastic elastomers to ensure superior damping properties, propelling the market growth.

Superior Technical Properties of Thermoplastic Elastomers are Amplifying the Market Growth

The thermoplastic elastomers are equipped with beneficial technical properties such as specific gravity at 0.89-1.0, shore hardness of 60A-75D, low-temperature limit at -60°C, high-temperature limit at 120°C, compression set resistance at 100 °C, and resistance to hydrocarbon fluids. Thus, due to the above technical properties, thermoplastic elastomers are often deployed in various applications such as transport parts, construction extruded seals, and electrical and electronic components.

For instance, according to the recent data published by Invest India, in 2022, the production of electronic components in India was valued at USD 11 billion and is projected to reach USD 18 billion by 2026. Therefore, the superior technical properties associated with thermoplastic elastomers augment the adoption of TPEs across various applications, thereby proliferating the market growth.         

Asia-Pacific Held a Significant Share in the Thermoplastic Elastomers Market

The regional economic growth of the Asia-Pacific is driven by the expansion of the various end-use industries such as medical equipment, transportation, building & construction, and industrial. Prominent variables, such as increasing spending power of people, flexible trade regulations, easy availability of raw materials, and ease of import-export policies, are some of the favorable aspects fostering the growth of the transportation sector in the Asia Pacific region.

According to the recent report published by the Organisation Internationale des Constructeurs d’Automobiles (OICA), in 2022, the Asia Pacific region held the highest manufacturing share in the global automotive share, which was 58.8% of the global automotive share. Moreover, in 2021, the production of automobiles in the Asia-Pacific region was 46,768,800 units, whereas in 2022, it was 50,020,793, representing a year-on-year growth rate of 7%. Thus, the booming transportation sector in the Asia-Pacific region is boosting the adoption of thermoplastic elastomers to ensure superior durability, thereby supplementing the market growth in the region.              

Impact of COVID-19

The COVID-19 pandemic in 2020 restrained the supply of raw materials, labor movement, and halt in the production of non-essential industrial products. As a result, the demand for thermoplastic elastomers declined. Furthermore, the demand revenue losses incurred by various end-use industries, such as transportation, industrial, and building and construction, resulted in the decline in the growth of the thermoplastic elastomers industry.

For instance, according to the statistics published by the Organisation Internationale des Constructeurs d’Automobiles (OICA), in 2019, the global production of automotive was 92,175,805 units and in 2020, it was 77,621,582, a decline of 15.8%. However, the sudden surge in the need for medical equipment boosted the demand for thermoplastic elastomers. Additionally, favorable government measures across various countries efficiently promoted the resurgence of various end-use industries, including thermoplastic elastomers, thereby accelerating the market growth in the years 2021 and 2022.

Impact of Russia Ukraine War

The Russia and Ukraine war had a strong impact on respective economies. Since Russia is among the major trade partners of Europe, the supply chain disruption strongly impacted the production activities in the region. As a result, there was a shortage of automotive components in the European countries during 2022, ultimately resulting in a decline in automotive production in the region.

For instance, according to the recent data published by the Organisation Internationale des Constructeurs d’Automobiles (OICA), in 2021, the automotive production in Netherlands was 107,021 units and in 2022, it was 101,670 units, an annual decline of 5% as compared to 2021. However, the procurement of materials from local sources and other prominent markets such as China and India aided the growth of the thermoplastic elastomers market despite the impact of the Russia-Ukraine war in the first half of 2022.

Report Scope

“Thermoplastic Elastomers Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global thermoplastic elastomers market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/thermoplastic-elastomers-market

Contact

Mr. Vivek Gupta 5741 Cleveland street, Suite 120, VA beach, VA, USA 23462 Tel: +1 (757) 343–3258 Email: info@marketsandata.com Website: https://www.marketsandata.com

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[writerblogs]

Global Thermoplastic Elastomers Market Is Estimated To Witness High Growth Owing To Increasing Demand From Automotive and Footwear Industries

The global Thermoplastic Elastomers Market is estimated to be valued at US$25.2 billion in 2021 and is expected to exhibit a CAGR of 6.9% over the forecast period 2022-2030.

A) Market Overview:

Thermoplastic elastomers are versatile materials that have both the properties of rubber and plastic. These materials offer superior elasticity, flexibility, and recyclability, making them ideal for various applications in industries such as automotive, footwear, consumer goods, and medical. Thermoplastic elastomers find extensive use in automotive components, gaskets, seals, adhesives, and coatings. In the footwear industry, they are used for manufacturing shoe soles, straps, and comfort padding. The growing demand from these industries is driving the growth of the global thermoplastic elastomers market.

B) Market Dynamics:

The global thermoplastic elastomers market is driven by multiple factors. Firstly, the increasing demand from the automotive industry is fueling market growth. Thermoplastic elastomers are used in automotive components such as bumper fascia, door panels, interior trims, and weather seals. The lightweight nature of these materials helps in reducing the overall weight of vehicles, resulting in improved fuel efficiency. Additionally, the growing trend of electric vehicles is further boosting the demand for thermoplastic elastomers as they offer better insulation properties compared to traditional materials.

Another driver of market growth is the rising demand from the footwear industry. Thermoplastic elastomers are preferred over traditional materials like rubber and leather due to their superior comfort, durability, and affordability. They provide excellent cushioning and shock absorption properties, making them desirable for shoe soles and comfort padding. Moreover, the increasing focus on sustainable footwear production is also contributing to the adoption of thermoplastic elastomers.

C) Market Key Trends:

One key trend in the Thermoplastic Elastomers Market is the growing demand for bio-based and recyclable thermoplastic elastomers. As sustainability becomes a priority for industries across the globe, there is a shift towards eco-friendly materials. Bio-based thermoplastic elastomers are derived from renewable sources such as plants and have a reduced carbon footprint compared to their petroleum-based counterparts. These materials offer similar properties and performance as conventional thermoplastic elastomers but with the added advantage of being biodegradable and recyclable.

D) SWOT Analysis:

- Strength: Increasing demand from automotive and footwear industries.

- Strength: Superior properties such as elasticity, flexibility, and recyclability.

- Weakness: Dependency on petroleum-based raw materials.

- Weakness: Relatively higher cost compared to traditional materials.

- Opportunity: Growing adoption of bio-based and recyclable thermoplastic elastomers.

- Opportunity: Rising demand from the healthcare and medical devices industry.

- Threats: Volatility in raw material prices.

- Threats: Intense competition from alternative materials like thermosetting elastomers.

E) Key Takeaways:

- The global thermoplastic elastomers market is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period, due to increasing demand from the automotive and footwear industries.

- In terms of regional analysis, Asia Pacific is the fastest-growing and dominating region in the global thermoplastic elastomers market. The region has a strong presence of automotive and footwear manufacturing hubs, which drives the demand for thermoplastic elastomers.

- Key players operating in the global thermoplastic elastomers market include DowDuPont Inc., Arkema Group, Asahi Kasei Corporation, PolyOne Corporation, Elastron Kimya SA, Kraton Corporation, Evonik Industries, Covestro AG, Lubrizol Corporation, Huntsman Corporation, Tosh Corporation, and Teknor Apex Company. These players focus on product innovation, partnerships, and mergers to gain a competitive edge in the market.

In conclusion, the global thermoplastic elastomers market is poised for significant growth in the coming years, driven by the increasing demand from the automotive and footwear industries.

[pearlsmith25]

Thermoplastic Elastomer Market Dynamics: Demand, Supply, and Economic Impact

Thermoplastic elastomers (TPEs) are a class of materials that combine the characteristics of both thermoplastics and elastomers. They possess the flexibility and resilience of traditional rubber elastomers along with the processability and recyclability of thermoplastics. TPEs find applications across various industries due to their unique blend of properties, making them an increasingly popular choice for manufacturers seeking versatile and cost-effective materials.

Market Dynamics:

The thermoplastic elastomer market has witnessed substantial growth over the years due to the rising demand for lightweight, durable, and high-performance materials in industries such as automotive, consumer goods, healthcare, and electronics. The market's expansion is driven by several key factors:

Diverse Applications: TPEs are used in a wide range of applications, including automotive components, footwear, industrial equipment, medical devices, consumer electronics, and more. This broad applicability contributes to the market's growth.

Advantages over Traditional Materials: TPEs offer advantages over conventional materials like rubber and rigid plastics. They provide improved design flexibility, cost-effectiveness, ease of processing, and enhanced mechanical properties.

Environmental Concerns: The increasing emphasis on sustainability and environmental conservation has led to a shift towards recyclable materials. TPEs, being thermoplastics, are more recyclable compared to traditional elastomers.

Technological Innovations: Ongoing research and development efforts have led to the introduction of advanced TPE formulations with improved performance characteristics, such as better heat resistance, chemical resistance, and UV stability.

Market Segmentation:

The thermoplastic elastomer market can be segmented based on several factors, including:

Product Type: TPEs can be categorized into several sub-types, including styrenic block copolymers (SBC), thermoplastic polyolefin elastomers (TPO), thermoplastic polyurethane elastomers (TPU), thermoplastic vulcanizates (TPV), and copolyester elastomers (COPE), among others.

End-Use Industry: TPEs find applications in automotive, consumer goods, medical, electronics, construction, and industrial sectors.

Geography: The market's growth is influenced by factors such as regional industrial development, economic conditions, and technological advancements. Key regions include North America, Europe, Asia-Pacific, and the rest of the world.

Current Trends:

Several notable trends are shaping the thermoplastic elastomer market:

Automotive Sector Dominance: The automotive industry is a major consumer of TPEs. The demand for lightweight materials to improve fuel efficiency, coupled with TPEs' noise and vibration dampening properties, drives their use in various automotive components.

Healthcare Applications: TPEs are increasingly being used in medical devices and healthcare products due to their biocompatibility, ease of sterilization, and flexibility.

Consumer Goods: TPEs are employed in consumer goods like footwear, sporting equipment, and household appliances due to their comfortable feel, durability, and aesthetic appeal.

Sustainability Focus: Manufacturers are developing bio-based TPEs derived from renewable resources, aligning with the growing emphasis on sustainability and reduced environmental impact.

Challenges:

Despite its growth, the TPE market faces challenges, including fluctuating raw material prices, limited high-temperature stability in certain applications, and competition from other materials.

Conclusion:

The thermoplastic elastomer market continues to expand due to the versatility and advantages that TPEs offer across various industries. As technological advancements and innovation continue, the market is likely to witness further growth and diversification, driven by the demand for lightweight, sustainable, and high-performance materials.

[chemanalystdata]

Thermoplastic Elastomers Market | Global Industry Size, Share, Analysis Report, 2030 | ChemAnalyst

According to ChemAnalyst report, “Global Thermoplastic Elastomers Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global Thermoplastic Elastomers market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 4.55% during the forecast period owing to its high demand in automotive industry coupled with its eco-friendly and easy to recycle nature. Thermoplastic elastomers are the superior polymers that has properties of both thermoplastic and elastomers, also known as Thermoplastic rubbers because of their rubbery property. The rubbery property is present due to one of the components of the copolymer. There are various types of thermoplastic elastomers including styrene block copolymers, thermoplastic olefin, elastomeric alloy, thermoplastic polyurethane, thermoplastic co-polyester, thermoplastic polyamide. Among all styrene block copolymers holds the major share for the total volume consumed. Thermoplastic Elastomers offer high performance attributes in compared to thermoset rubbers, metals, and other conventional materials.

Read Full Report Here: https://www.chemanalyst.com/industry-report/thermoplastic-elastomers-market-567

Due to their versatile properties like high strength, flexibility and light weight, Thermoplastic Elastomers find application in automotive and transportation, building and construction, footwear, electrical and electronics, medical, household appliances, adhesive, sealant and coating. Growing demand from the automotive industry coupled with the rising demand from other application areas such as building and construction, footwear etc. is expected to drive the demand of thermoplastic elastomers during the forecast period. Moreover, growing demand for bio based Thermoplastic Elastomers is going to push the demand further during the forecast period. It is expected that Thermoplastic Elastomers are going to replace the market for PVC in the upcoming years.

In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a numerous industry. Automotive and construction were among the most affected industries during the pandemic. This had an impact on the demand of thermoplastic elastomers for the first half of 2020. However, a rise in the demand for Thermoplastic Elastomers has been witnessed since there is relaxation in the lockdown due to its high demand from various end use industries. Additionally, the government policies to support electric vehicles for the clean environment consequently endorses the growth of the thermoplastic elastomers market.

Region wise, Asia pacific region holds the major share of global demand for thermoplastic elastomers due to the expansion of Automobile industry in the region, rapid industrialization as well as the increasing construction activities specially in China and India. Moreover, there is heavy demand for Thermoplastic Elastomers from various other end use industries like electronics, consumer goods, Packaging etc. which further will drive its market in the forecast period.

Sample Request Report: Thermoplastic Elastomers Market

 North America and Europe are also expected to show a prominent growth in the demand for Thermoplastic Elastomers during the forecasted period owing to the presence of various end use Industries and their focus in using environment friendly and biodegradable materials.

According to ChemAnalyst report, Global Thermoplastic Elastomers Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030, Major players for thermoplastic elastomers globally include BASF SE, Dow industries, A. Schulman Inc., Huntsman International LLC, Arkema Group, DSM Corporation, DuPont Inc., Evonik Industries AG, SABIC Co., Exxon Mobil Corporation, LG Chem, LANXESS Industries, Sinopec Group, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Sumitomo Chemicals Co. Ltd, 

“Being linked to the automotive and construction sectors, the global Thermoplastic Elastomers industry has shown a robust growth. China and India are the hub of Automobile industries and in Asia Pacific which fuels the demand for Thermoplastic Elastomers in the region. Additionally, Government regulations concerning the use of Biodegradable, recyclable and ecofriendly material are driving the market for Thermoplastic Elastomers across the globe. Additionally, it is also safe to use in sectors like Medical and Food Packaging that will create lucrative market growth opportunities for Thermoplastic Elastomers in the forecasted period. With new competitors emerging across the Asia Pacific Thermoplastic Elastomers market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

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Thermoplastic Polyester Elastomer Market – Forecast (2021-2026)

Thermoplastic Polyester Elastomer Market size is forecast to reach US$1.22 billion by 2026, after growing at a CAGR of 3.8% during 2021-2026. Thermoplastic Polyester Elastomers, (TPE-E) combines the properties of high-performance elastomers and flexible polymers. These high-strength materials, also known as thermoplastic rubbers, are known for their ability to withstand multiple flex cycles and their resistance to a variety of solvents and lubricants. TPE-Es have a strong impact strength even at low temperatures and can withstand temperatures up to 300°F. PET resin is one of the most frequently used thermoplastics, especially in the packaging industry. In outdoor conditions, thermoplastic elastomers (TPE) and ethylene propylene diene monomer (EPDM) rubber both provide sealing and insulation. They can be molded into specific shapes or produced from sponge or solid material sheets and extrusions. Polyester (polyethylene terephthalate (PET)) is the most common fiber used in automobile textile production. The growing use of TPE-Es in suspension bushings for automotive performance applications because of its greater resistance to deformation when compared to regular rubber bushings is expected to drive the market in the forecast period.

COVID-19 Impact

Currently, due to the COVID-19 pandemic, the Plastic and the rubber industry were affected in multiple ways. There was a supply disruption of raw materials. A delay in farming activities and latex collection further exacerbated the problem. Critical inputs like plastic, carbon black, and rubber compounds were in short supply due to global economic turmoil and import restrictions. For a sector dominated by MSMEs that do not often have solid business continuity planning, the delay in farming activities also resulted in liquidity and working capital concerns. They rely on consistent cash flows to cover their working capital needs and pay their employees. The industry's prospects were further harmed by worldwide market volatility. During the pandemic, however, the market is steadily rebounding due to the growth of TPE (Thermo Plastic Elastomer) in the medical, as well as food and beverage packaging industries.

Thermoplastic Polyester Elastomer Market Report Coverage

The report: “Thermoplastic Polyester Elastomer– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Thermoplastic Polyester Elastomer market.

By Application: Rubber seals, Belting, Tubing, Bushing and Gears, Conveyer, Geophysical, Industrial, Material Handling, Wire and Cable, Others. By End-Use Industry: Aerospace, Automotive (Passenger Vehicles (PV), Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)),Electrical and Electronics (Medical Devices, Smart Phones, Computer Electronics, Home Appliances, and Others), Marine,Sports and Leisure, Energy (Wind Energy, Solar Energy, and Others), and Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

Key Takeaways

The Thermoplastic Polyester Elastomer (TPE-E) market in Asia-Pacific is dominated by the region's rising use in a variety of applications in the automotive, medical, construction, and other industrial markets.

The varieties of TPE-Es and their modification options provide the foundation for a wide range of material qualities, allowing for cost-effective processing in a wide range of industries.

TPE-E is easy to mold or extrude onto rigid thermoplastic materials, making it ideal for product soft-touch grips. TPE-Es can also be used to make bottle cap liners and seal rings. It's also good for vehicle parts, wire and cable insulation, HVAC systems, and home appliances.

The biggest opportunity for this market in practically every key industry is increasing need for TPE-Es in densely populated nations like China and India, where demand is growing every day.

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Thermoplastic Polyester Elastomer Market Segment Analysis – By Application

Belting segment held the largest share in Thermoplastic Polyester Elastomers Market in 2020 and is growing at a CAGR 4.5% during 2021-2026. Drive Belts, Conveyor Belts, Weighing Belts, Process Belts, Vacuum Belts, Vacuum Timing Belts, Thermo Belts, Food Processing Belts, ATM-Bill Ejector Belts, and Credit Card Transfer Belts are all made with Hytrel, a thermoplastic polyester elastomer with great durability and flexibility. A metal and x-ray detecting conveyor belt is being developed using DuPont Hytrel TPC-ET thermoplastic elastomer. DuPont Performance Materials teamed up with Esbelt, a conveyor belt manufacturer, to develop a unique, effective polymer that allows for food contamination detection. The new conveyor belt improves food makers' capacity to demonstrate due diligence by controlling the quality of the product on the belt using metal and x-ray detection. Based on the special properties of TPO and TPEE coatings, Habasit P line belts were designed specifically for the tobacco industry. Belt surfaces are critical in tobacco processing because they must serve a variety of functions while enduring harsh environmental conditions such as humidity, sand or dirt, and mechanical impacts. As a result, the increased use of TPEEs across a variety of core sectors is expected to boost the market in the next years.

Thermoplastic Polyester Elastomer Market Segment Analysis – By End-Use Industry

Automotive segment held the largest share in the Thermoplastic Polyester Elastomer market in 2020 and is growing at a CAGR of 6.2% during 2021-2026. Polyester (polyethylene terephthalate (PET)) is the most common fibre used in automobile textile production. According to the SVOA Materials Science & Technology Journal, global TPEEs manufacturing capacity surpassed 150,000 tons per year in 2019, while market demand surpassed 120,000 tons. TPE-E (thermoplastic polyester elastomer) is a thermoplastic polyester elastomer (TPE-E) that is utilized in fabric designs for car seating. Arnitel's TPEEs resin has been utilized on numerous Ford vehicles, including the Mondeo, S-Max, Galaxy, and Focus, and Arnitel's TPEEs have recently been selected as the vacuum brake tube material for Fiesta cars. Thus the growing use of TPEEs in Automotive is evidently going to flourish the market in the forecast period.

Thermoplastic Polyester Elastomer Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the Thermoplastic Polyester Elastomer Market in 2020 up to 43%, owing to the accelerating automotive industries in the region. According to the International Organization of Motor Vehicle Manufacturers, China produced 25.2 million automobiles in 2020, while India produced 3.9 million, with 25.7 million and 3.8 million automobiles sold in China and India, respectively. China remains the world's largest vehicle market, with the Chinese government projecting that car production will hit 30 million units by 2020 and 35 million by 2025. In 2018, nearly 27 million automobiles were sold in China, according to the China Association of Automobile Manufacturers. The Made in China 2025 program, which aims to transition the country's industry from low-cost mass production to higher-value-added advanced manufacturing, includes automobiles, including new Energy Vehicles (NEVs). The government's target for NEVs is to create 1 million electric and plug-in hybrid cars in China by 2020, with local production accounting for at least 70% of the market. Chinaese government is making a huge investment in the automotive industry which can lead to Thermoplastic Polyester Elastomer Market growth in the forecast period.

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Thermoplastic Polyester Elastomer Market Drivers

Increasing Automotive Production

Thermoplastic Polyester Elastomers are increasingly being used to replace their equivalents in the production of the inside and exterior of automobiles due to their specific strength and modulus. Thermoplastic Polyester Elastomers are becoming more popular in the vehicle industry due to their superior strength-to-weight ratio and are used in a range of applications in the industry, including automotive hoses, seats, gears, and brake systems, among others. China is the world's largest automobile market, with the Chinese government projecting that car production will reach 30 million units in 2020 and 35 million by 2025. As a result, increased automation will necessitate more automotive components, which will drive the Thermoplastic Polyester Elastomers market during the forecast period.

Use of Thermoplastics in Commodity Sector

Commodity The term thermoplastic refers to the least priced thermoplastics, such as polypropylene and certain grades of polyethylenes, that account for the majority of total plastic production. Elastomeric polymers have a high degree of elasticity, which makes them less prone to breaking or cracking. In fact, depending on the substance, elastomers can reversibly extend up to 700 percent. Wires and cables, photographic and magnetic tape, apparel, reusable bags, medical trays, and seeding trays are all examples of commodity products that can benefit from the high tensile strength and tear resistance of elastomers. period. As a result of the diverse uses of commodities in everyday life, the plastics market is predicted to grow, which would favorably impact the Thermoplastic Polyester Elastomers market over the forecast period.

Thermoplastic Polyester Elastomer Market Challenges

Higher Price of raw materials:

Extrusion and injection molding are the two most common TPE manufacturing processes. Injection molding allows for incredibly quick and cost-effective fabrication. The TPE-raw E's material costs are substantially greater. The reason for this is its high production cost; while producing TPE-E, the apparatus and equipments used are more expensive, and they also demand a lot of maintenance. As a result of this feature, the product has a greater price than its alternative materials, which tends to limit the market's growth.

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Thermoplastic Polyester Elastomer Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Thermoplastic Polyester Elastomer Market. Thermoplastic Polyester Elastomer Market top companies include:

1) A. Schulman, Inc. 2) BASF SE 3) Celanese Corporation 4) Chang Chun Group 5) Covestro AG 6) DuPont 7) Entec Polymers 8) LG Chem 9) Mitsui Chemicals Inc 10) PolyOne Corporation and others.

Relevant Reports

Thermoplastic Elastomers Market

Report Code: CMR 0098

Thermoplastic Elastomer (TPE) Gaskets Market

Report Code: CMR 1056

For more Chemicals and Materials Market reports, please click here

[ceresana]

A Material in a League of its Own: Ceresana Publishes New Study on the Global Market for Thermoplastic Elastomers Soft and flexible, yet easy and inexpensive to process: Thermoplastic elastomers (TPE) are elastic like rubber at room temperature, but can be melted and repeatedly moulded like standard plastics. "Thermoplastic elastomers offer high strength and are robust; they can be welded watertight and colored in a variety of ways. In principle, TPEs can also be recycled," explains Oliver Kutsch, CEO of the market research institute Ceresana: "These innovative materials are conquering more and more application areas. TPEs are also interesting because components can be made from renewable raw materials or combined with bioplastics." This is the fourth time Ceresana has analyzed the global market for thermoplastic elastomers: By 2031, revenues generated with TPEs are expected to increase to almost USD 27 billion. However, growth will be driven not only by increasing demand, but also by price inflation. Further information about the market study “Thermoplastic Elastomers (TPE)” (4th edition): https://www.ceresana.com/en/market-studies/plastics/thermoplastic-elastomers/

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Sex doll torsos are a specialized category within the sex doll market that offers a combination of practicality and design appeal. These products, which focus on the upper half of the body, provide a range of benefits that make them an attractive choice for many users. From their space-saving design to their affordability, sex doll torsos have carved out a niche for themselves in the world of adult products.

One of the main reasons people choose sex doll torsos is their practicality. Full-body sex dolls, while offering a complete experience, can be cumbersome and challenging to store. In contrast, torsos are more compact and easier to manage, making them a suitable option for those with limited space. This space-saving feature is particularly important for individuals who live in smaller apartments or who prefer a more discreet product.

The design of sex doll torsos is another key factor contributing to their popularity. Manufacturers invest considerable effort into ensuring that these products are as realistic and aesthetically pleasing as possible. High-quality materials such as silicone or TPE (thermoplastic elastomer) are often used to replicate the feel and texture of human skin. Additionally, torsos are typically designed with attention to anatomical accuracy, which enhances the overall experience for users.

Affordability is a significant advantage of sex doll torsos compared to their full-body counterparts. The cost of full-body dolls can be quite high, with prices varying based on the level of customization and quality. Torsos, on the other hand, are generally more budget-friendly, allowing users to enjoy a realistic experience without making a substantial financial commitment. This cost-effectiveness makes sex doll torsos accessible to a broader audience, including those who might be exploring the world of sex dolls for the first time.

Furthermore, realistic sex doll torso offer ease of maintenance and cleaning. The simplified design means that there are fewer areas to clean and care for, which can be a significant advantage for users who prioritize hygiene and convenience. Many models are designed with removable parts or features that facilitate cleaning, ensuring that the product remains in good condition with minimal effort.

Despite their advantages, sex doll torsos do have some limitations. They lack the full range of features and interactions that a complete sex doll offers. Users who seek a more comprehensive experience may find that torsos do not fully meet their needs. However, for those who prioritize practicality, affordability, and ease of use, sex doll torsos represent a compelling option.

In summary, sex doll torsos offer a blend of practicality, realistic design, and affordability. Their compact size and ease of maintenance make them a popular choice for individuals seeking a manageable and cost-effective alternative to full-body sex dolls. As the market for adult products continues to evolve, sex doll torsos stand out as a valuable option for those looking to enhance their experiences with a focus on convenience and realism.