Market by Material Type, Industry Vertical, and Country Outlook | Forecast 2023-2030
Triton’s report estimates that the thermoplastic elastomers market in Europe is set to witness revenue growth at a CAGR of 6.14% and volume growth at 2.39% during the forecast years 2023-2030.
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The
countries assessed in the region consist of:
•
United Kingdom
•
Germany
•
France
•
Spain
•
Italy
•
Rest of Europe
Europe serves as a prominent hub for tire
manufacturing, with limited natural rubber production within the continent. As
a result, the region heavily relies on thermoplastic elastomers (TPE) for
rubber-related applications. In this regard, Germany, the UK, Italy, and France
have emerged as the primary consumers of TPE, collectively contributing to a
substantial 70% share of the overall European market.
Further, manufacturers are pursuing
breakthroughs through their research and development initiatives. With the
continual advancements in manufacturing technology extending the lifespan of
vehicles, the demand for TPE is expected to elevate for tire production.
Germany
captures the highest share in the thermoplastic elastomers market. The electronic industry is poised for
continued growth, driven by innovation and electronic product manufacturing,
which is expected to boost the demand for thermoplastic elastomers.
Additionally, the construction and building industry is set for rapid
expansion, leading to an increased demand for thermoplastic elastomers in the
country during the forecast period. For instance, public investments in the
construction sector rose by around 1.5% in 2021. These trends in end-user
industries are expected to widen the scope and growth of the thermoplastic
elastomers market.
Polystyrene is a rigid, transparent resin used
for various applications. This non-biodegradable compound can be dissolved by
various aromatic hydrocarbon solvents and chlorinated solvents. In the
food-service industry, it finds extensive application as rigid trays,
containers, disposable eating plates, bowls, and more. It is also used for
medical applications, including test tubes, and diagnostic components. The market is segmented based on material
type and industrial vertical. The material type section is branched into
polystyrene, polyolefin, polyurethane, polyamide, elastomeric alloy, and other
material types.
The
major companies in the market comprise Covestro AG, Asahi Kasei Corporation,
Arkema SA, Dynasol Group, BASF SE, and The Dow Chemical Company.
Arkema SA is a leading manufacturer and supplier
of a wide range of chemical products. The company’s diverse portfolio includes
offerings in automotive and transportation, building and construction, 3D
printing, adhesives and sealants,coatings, paints and inks, composites and
advanced materials, electronics, electrical, oil and gas, renewable energies,
energy storage, as well as sport and leisure products. Arkema markets its
products under various brands, including Rilsan, Pebax, Luperox, Kynar, and
Sartomer. Arkema serves clients across multiple regions, with headquarters
located in Colombes, France.
Key
deliverables of the report:
â—Ź
Market CAGR during the forecasting years 2023-2030
â—Ź
Detailed data highlighting key insights, industry components, and
market strategies
â—Ź
Comprehensive information and estimation of the thermoplastic
elastomers market revenue growth in Europe and its influence on the parent
market
â—Ź
In-depth study of forthcoming trends in consumer behavioral
patterns
â—Ź
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
â—Ź
A wide-ranging study of factors that will challenge the Europe
thermoplastic elastomers market’s growth during the upcoming years
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VIEW REPORT1. EUROPE
THERMOPLASTIC ELASTOMERS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PARENT
MARKET ANALYSIS
2.2. IMPACT
ANALYSIS ON THE THERMOPLASTIC ELASTOMERS MARKET
2.2.1. COVID-19
IMPACT
2.2.2. IMPACT
OF RUSSIA-UKRAINE WAR
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
MATURITY ANALYSIS
2.5. INDUSTRY
COMPONENTS
2.5.1. RAW
MATERIALS MANUFACTURER
2.5.2. POLYMER
COMPOUNDING
2.5.3. END-USER
2.6. REGULATORY
FRAMEWORK
2.7. KEY
MARKET STRATEGIES
2.7.1. COLLABORATIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. MERGERS
& ACQUISITIONS
2.7.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. APPLICATION
OF THERMOPLASTIC ELASTOMER AS A SUBSTITUTE FOR THERMOSET ELASTOMER
2.8.2. INTRODUCTION
OF 3-D PRINTING TECHNOLOGY
2.8.3. GROWING
DEMAND IN THE AUTOMOTIVE SECTOR
2.9. MARKET
CHALLENGES
2.9.1. REDUCED
VOLUME CONSUMPTION DUE TO THE LIGHTWEIGHT AND MINIATURIZATION TRENDS
2.9.2. PRICE
FLUCTUATIONS IN RAW MATERIALS
2.10. MARKET
OPPORTUNITIES
2.10.1. LIGHTWEIGHT
MATERIALS SUPPORT PRODUCT WEIGHT REDUCTION
2.10.2. GROWING
USE OF THERMOPLASTIC ELASTOMERS IN RECYCLABILITY IMPROVEMENT PROJECTS
2.10.3. THERMOPLASTIC
ELASTOMERS SUPPORT IN CO2 EMISSION REDUCTION
2.11. ANALYST
PERSPECTIVE
3. EUROPE
THERMOPLASTIC ELASTOMERS MARKET – BY MATERIAL TYPE
3.1. POLYSTYRENE
3.2. POLYAMIDE
3.3. POLYOLEFIN
3.4. POLYURETHANE
3.5. ELASTOMERIC
ALLOY
3.6. OTHER
MATERIAL TYPES
4. EUROPE
THERMOPLASTIC ELASTOMERS MARKET – BY INDUSTRY VERTICAL
4.1. MEDICAL
4.2. BUILDING
& CONSTRUCTION
4.3. INDUSTRIAL
4.4. CONSUMER
GOODS
4.5. ELECTRICAL
& ELECTRONICS
4.6. AUTOMOTIVE
4.7. OTHER
INDUSTRY VERTICALS
5. EUROPE
THERMOPLASTIC ELASTOMERS MARKET – BY COUNTRY OUTLOOK
5.1. GERMANY
5.1.1. GERMANY
THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS
5.2. UNITED
KINGDOM
5.2.1. UNITED
KINGDOM THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS
5.3. FRANCE
5.3.1. FRANCE
THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS
5.4. ITALY
5.4.1. ITALY
THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS
5.5. SPAIN
5.5.1. SPAIN
THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS
5.6. REST
OF EUROPE
5.6.1. REST
OF EUROPE THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. ARKEMA
SA
6.1.1. OVERVIEW
6.1.2. PRODUCT
PORTFOLIO
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. BASF
SE
6.2.1. OVERVIEW
6.2.2. PRODUCT
PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. ASAHI
KASEI CORPORATION
6.3.1. OVERVIEW
6.3.2. PRODUCT
PORTFOLIO
6.3.3. KEY
STRENGTHS
6.3.4. KEY
CHALLENGES
6.4. COVESTRO
AG
6.4.1. OVERVIEW
6.4.2. PRODUCT
PORTFOLIO
6.4.3. KEY
STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. DYNASOL
GROUP
6.5.1. OVERVIEW
6.5.2. PRODUCT
PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. THE
DOW CHEMICAL COMPANY
6.6.1. OVERVIEW
6.6.2. PRODUCT
PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. EVONIK
INDUSTRIES AG
6.7.1. OVERVIEW
6.7.2. PRODUCT
PORTFOLIO
6.7.3. KEY
STRENGTHS
6.7.4. KEY
CHALLENGES
6.8. LG
CHEM LTD
6.8.1. OVERVIEW
6.8.2. PRODUCT
PORTFOLIO
6.8.3. KEY
STRENGTHS
6.8.4. KEY
CHALLENGES
6.9. LUBRIZOL
CORPORATION
6.9.1. OVERVIEW
6.9.2. PRODUCT
PORTFOLIO
6.9.3. KEY
STRENGTHS
6.9.4. KEY
CHALLENGES
6.10. KRATON
CORPORATION
6.10.1. OVERVIEW
6.10.2. PRODUCT
PORTFOLIO
6.10.3. KEY
STRENGTHS
6.10.4. KEY
CHALLENGES
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE
1: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE
2: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLLOOK, 2023-2030 (IN
KILOTON)
TABLE
3: REGULATORY FRAMEWORK
TABLE
4: LIST OF COLLABORATIONS
TABLE
5: LIST OF PRODUCT LAUNCHES
TABLE
6: LIST OF MERGERS & ACQUISITIONS
TABLE
7: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE
8: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY MATERIAL TYPE, 2023-2030 (IN $
MILLION)
TABLE
9: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY INDUSTRY VERTICAL, 2023-2030 (IN
$ MILLION)
TABLE
10: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
TABLE
11: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN
KILOTON)
FIGURE 1: INDUSTRY COMPONENTS
FIGURE 2: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY
MATERIAL TYPE, 2022 & 2030 (IN %)
FIGURE 3: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY
POLYSTYRENE, 2023-2030 (IN $ MILLION)
FIGURE 4: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY
POLYAMIDE, 2023-2030 (IN $ MILLION)
FIGURE 5: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY
POLYOLEFIN, 2023-2030 (IN $ MILLION)
FIGURE 6: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY
POLYURETHANE, 2023-2030 (IN $ MILLION)
FIGURE 7: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY
ELASTOMERIC ALLOY, 2023-2030 (IN $ MILLION)
FIGURE 8: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY
OTHER MATERIAL TYPES, 2023-2030 (IN $ MILLION)
FIGURE 9: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY
INDUSTRY VERTICAL, 2022 & 2030 (IN %)
FIGURE 10: EUROPE THERMOPLASTIC ELASTOMERS MARKET,
BY MEDICAL, 2023-2030 (IN $ MILLION)
FIGURE 11: EUROPE THERMOPLASTIC ELASTOMERS MARKET,
BY BUILDING & CONSTRUCTION, 2023-2030 (IN $ MILLION)
FIGURE 12: EUROPE THERMOPLASTIC ELASTOMERS MARKET,
BY INDUSTRIAL, 2023-2030 (IN $ MILLION)
FIGURE 13: EUROPE THERMOPLASTIC ELASTOMERS MARKET,
BY CONSUMER GOODS, 2023-2030 (IN $ MILLION)
FIGURE 14: EUROPE THERMOPLASTIC ELASTOMERS MARKET,
BY ELECTRICAL & ELECTRONICS, 2023-2030 (IN $ MILLION)
FIGURE 15: EUROPE THERMOPLASTIC ELASTOMERS MARKET,
BY AUTOMOTIVE, 2023-2030 (IN $ MILLION)
FIGURE 16: EUROPE THERMOPLASTIC ELASTOMERS MARKET,
BY OTHER INDUSTRY VERTICALS, 2023-2030 (IN $ MILLION)
FIGURE 17: EUROPE THERMOPLASTIC ELASTOMERS MARKET, BY
COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 18: GERMANY THERMOPLASTIC ELASTOMERS MARKET
2023-2030 (IN $ MILLION)
FIGURE 19: UNITED KINGDOM THERMOPLASTIC ELASTOMERS
MARKET 2023-2030 (IN $ MILLION)
FIGURE 20: FRANCE THERMOPLASTIC ELASTOMERS MARKET
2023-2030 (IN $ MILLION)
FIGURE 21: ITALY THERMOPLASTIC ELASTOMERS MARKET
2023-2030 (IN $ MILLION)
FIGURE 22: SPAIN THERMOPLASTIC ELASTOMERS MARKET
2023-2030 (IN $ MILLION)
FIGURE 23: REST OF EUROPE THERMOPLASTIC ELASTOMERS
MARKET 2023-2030 (IN $ MILLION)