+1-888-308-5802     
News Contact Us

Automotive Thermoplastic Elastomers Market: What Will Be The Future Growth Opportunities

Author : Rahul Varpe | Published Date : 2019-04-10 

Automotive thermoplastic elastomers market are easily moulded and used in radiator hose, wire cable, bumper guard, under hood, seat covers, window encapsulation and internal automotive parts production. They are light in weight and improves automotive fuel efficient. Global automotive industry is poised to surpass 110 million units by 2024. Increasing consumers spending on luxury cars with aesthetic features and high quality automotive parts is likely to stimulate product demand. Expanding automotive sector mainly in India and China should fuel automotive thermoplastic elastomers demand thereby propelling industry growth.

Automotive Thermoplastic Elastomers (TPE) Market size may have positive outlook in manufacturing bumper, internal lining, foot mats and external styling car body.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2191

TPE can be extruded, moulded and re- used like plastic whereas it also has elastic properties of elastomer. It returns to original form due to cross linking bond in thermoplastic imparting high elastic property. Commercial grade thermoplastic elastomers are styrene block copolymers (TPE-s), Vulcanised Elastomeric alloys (TPE-V or TPV), Thermoplastic olefins (TPE-o), Thermoplastic polyester (TPE-e), Thermoplastic polyamide and Thermoplastic Polyurethane (TPU).

TPE products are manufactured by three methods which includes extrusion & injection compression and blow moulding. Injection moulding is used to produce solid complex shape products. It also finds application in accurate precision and high-volume products ranging from medium to low sizes. Blow moulding has wide application scope in hollow shapes such as bottles, pottery and containers manufacturing Compression moulding is used in automobile body parts, kitchen ware and toys production.

North America, driven by Canada and the U.S automotive thermoplastic elastomers market may witness significant growth owing to developed automotive sector and strict regulations regarding plastic use. Increase in environmental awareness in consumer has propel fuel efficient car demand.  Rise in population along with increasing automobile products innovation.  Growing sports and luxury car demand may have positive influence on automotive thermoplastic elastomers demand in automotive sector.

Europe driven by UK, France and Germany automotive thermoplastic elastomers market  may grow significantly. Positive outlook towards automobile sector accompanied with high standard of living increase in spending on luxury & sports car is likely to drive industry growth in this region.

Asia Pacific led by Japan, China and India, automotive thermoplastic elastomers market size may witness significant growth due to rapid industrialisation and, increase in population Government initiatives along with foreign investments and availability of skilled & cheap labour has led OEM to shift their manufacturing base mainly in India and China thereby contributing towards regional growth. Japanese automobile company Toyota, Mazda, Mitsubishi and Honda are trendsetters in quality improvement & management in automotive sector. Expanding automotive sector may propel automotive thermoplastic elastomers demand.
 
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2191

Stringent government regulations led by EPA regarding fuel consumption and pollutant emission due to rising environmental concerns may favour product demand. Increasing recycle & re- usable polymer promotion is likely to drive automotive thermoplastic elastomers demand.

Styrene copolymers, polyurethane, polyester and olefins availability is dependent on petroleum industry. Fluctuating raw materials price may hamper industry profitability thereby affecting automotive thermoplastic elastomers price trends.

Global automotive thermoplastic elastomers market share is consolidated.  Major players operating in this market are Bayer, Dow, BASF, Arkema, Huntsman, Asahi Kasei, TSRC and Sinopec.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Membrane air dryers market 2019-2025 by regional trends, revenue & growth forecast

Published Date: 2019-04-24         Author: Rahul Varpe

An analysis of Membrane air dryers market has been provided in the latest report introduced by Global Market Insights that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical ... Read More

Underfloor heating market report 2019 | Regional revenue, growth forecast to 2025

Published Date: 2019-04-24         Author: Rahul Varpe

An analysis of Underfloor heating market has been provided in the latest report introduced by Global Market Insights that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical o... Read More

Structural insulation panels market report 2019 | leading players are ArcelorMittal, Metecno, Kingspan, Romakowski

Published Date: 2019-04-24         Author: Rahul Varpe

An analysis of Structural insulation panels market has been provided in the latest report introduced by Global Market Insights that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed sta... Read More

© 2019 Fractovia. All Rights Reserved