Global Thermoplastic Elastomer Market Insights
Global Thermoplastic Elastomer Market size was valued at USD 22.37 billion in 2021 and is poised to grow from USD 24.26 billion in 2022 to USD 46 billion by 2030, growing at a CAGR of 8.32% in the forecast period (2023-2030).
Thermoplastic elastomers provide the properties of both plastics and elastomers. The products are commonly used to provide a range of properties in end-user industries, such as easy moldability, heat stability, smoothness, wear resistance, and scratch resistance.
There are different types of computers, each with its own strengths and weaknesses. Some are more expensive, but offer better performance. The demand for thermoplastic elastomers is projected to increase in the future as a result of the recovery of several end use industries, such as automotive and construction, from the COVID-19 pandemic and the increasing penetration of electric vehicles (EVs) worldwide.
The growing demand from the automotive industry, the environmentally friendly properties of thermoplastic elastomers, and the recent advances in the thermoplastic elastomer processing industry are all contributing factors to the growth of thermoplastic elastomers. The global industry has grown thanks to increasing consumption in various applications.
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Top players company profiles:
- BASF SE
- Kraton Corporation
- DuPont de Nemours, Inc.
- Dow Chemical Company
- ExxonMobil Corporation
- Arkema S.A.
- LCY Chemical Corp.
- Huntsman Corporation
- Polyone Corporation
- Dynasol Elastomers
- Teknor Apex Company
- Evonik Industries AG
- Mitsubishi Chemical Corporation
- Celanese Corporation
- Lubrizol Corporation
- Covestro AG
- KURARAY CO., LTD.
- Sinopec Corporation
- Asahi Kasei Corporation
- Kraton Polymers LLC
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