Global Thermoplastic Elastomers: Industrial Markets - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders

Study #: 3929 | Published: 02/2021 | Pages: 125 | Individual User License: US$ 3,900

Global demand for thermoplastic elastomers in the industrial market is forecast to grow 3.5% yearly to 823,000 metric tons in 2024. Gains will be supported by:

  • ongoing replacement of EPDM and thermoset rubbers by TPEs worldwide
  • continued healthy growth in manufacturing output in the Asia/Pacific region, where TPEs have additional room to penetrate the industrial products market
  • technical innovations expanding the range of industrial TPE applications , such as the development of overmolding, flame-retardant, and abrasion-resistant grades

However, stronger growth will be restrained by the need to recover that arose from the closure of “nonessential” businesses, raw material shortages, and falling investment in new machinery during the COVID-19 pandemic in 2020.

Better Performing TPVs & TPUs Increasingly Penetrate Industrial Products Market

Thermoplastic vulcanizates (TPVs) and thermoplastic polyurethanes (TPUs) are expected to experience above average growth through 2024 due to:

  • TPVs are easy to process and gave superior performance abilities compared to EPDM rubber and other TPEs. Good opportunities for TPVs will exist in hoses, gaskets, and seals.
  • TPUs have excellent abrasion resistance, oil, and chemical resistance as well as good load bearing properties. Healthy gains will be seen for conveyor treads, pump diaphragms, and weather stripping.

Styrenic block copolymers (SBCs) will remain the most widely used TPE in industrial products, accounting for 32% of demand in 2024, with this position supported by SBC’s soft touch – useful for such applications as knobs and grips – and its relatively low price. SBC’s market share will continue to decline, however, as other TPEs with properties such as high impact strength and light weight penetrate more demanding industrial applications.

Asia/Pacific Offers Best Opportunities; Demanding Applications Spur Gains in Other Markets

China is a massive market for TPEs used in industrial products that will account for 74% of absolute regional gains and 50% of absolute global gains through 2024 due to the country’s massive manufacturing base. India is also expected to see above average growth, with gains in both countries driven by expanding penetration of TPEs in the manufacture of an array of industrial products as well as by increases in machinery manufacturing.

Although TPE penetration is already high in Japan, South Korea, and Taiwan – as well as in North America and Western Europe – are mature, additional opportunities exist for TPEs to supplant thermoset rubber, particularly in more demanding applications such as engine components or those used in metalworking where fluid exposure is high.


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Table of Contents

1. Executive Summary

2. About This Report

Report Details

Study Scope & Product Description

Impact of COVID-19 Pandemic

3. Overview

Historical Market Trends

Demand by Elastomer Type

Demand by Application

Gaskets & Seals

Hoses & Belts

Other Industrial Products

Demand by Region

Pricing Trends

Leading Producers

4. North America

North America: Demand by Country

North America: Demand by Product

United States

United States: Industrial Thermoplastic Elastomers Market Size

United States: Demand by Product

Canada

Canada: Industrial Thermoplastic Elastomers Market Size

Canada: Demand by Product

Mexico

Mexico: Industrial Thermoplastic Elastomers Market Size

Mexico: Demand by Product

5. Central & South America

Central & South America: Demand by Country

Central & South America: Demand by Product

Brazil

Brazil: Industrial Thermoplastic Elastomers Market Size

Brazil: Demand by Product

Other Central & South America

Other Central & South America: Industrial Thermoplastic Elastomers Market Size

Other Central & South America: Demand by Product

6. Western Europe

Western Europe: Demand by Country

Western Europe: Demand by Product

Germany

Germany: Industrial Thermoplastic Elastomers Market Size

Germany: Demand by Product

Italy

Italy: Industrial Thermoplastic Elastomers Market Size

Italy: Demand by Product

United Kingdom

United Kingdom: Industrial Thermoplastic Elastomers Market Size

United Kingdom: Demand by Product

France

France: Industrial Thermoplastic Elastomers Market Size

France: Demand by Product

Spain

Spain: Industrial Thermoplastic Elastomers Market Size

Spain: Demand by Product

Other Western Europe

Other Western Europe: Industrial Thermoplastic Elastomers Market Size

Other Western Europe: Demand by Product

7. Eastern Europe

Eastern Europe: Demand by Country

Eastern Europe: Demand by Product

Russia

Russia: Industrial Thermoplastic Elastomers Market Size

Russia: Demand by Product

Other Eastern Europe

Other Eastern Europe: Industrial Thermoplastic Elastomers Market Size

Other Eastern Europe: Demand by Product

8. Asia/Pacific

Asia/Pacific: Demand by Country

Asia/Pacific: Demand by Product

China

China: Industrial Thermoplastic Elastomers Market Size

China: Demand by Product

Japan

Japan: Industrial Thermoplastic Elastomers Market Size

Japan: Demand by Product

South Korea

South Korea: Industrial Thermoplastic Elastomers Market Size

South Korea: Demand by Product

India

India: Industrial Thermoplastic Elastomers Market Size

India: Demand by Product

Taiwan

Taiwan: Industrial Thermoplastic Elastomers Market Size

Taiwan: Demand by Product

Thailand

Thailand: Industrial Thermoplastic Elastomers Market Size

Thailand: Demand by Product

Other Asia/Pacific

Other Asia/Pacific: Industrial Thermoplastic Elastomers Market Size

Other Asia/Pacific: Demand by Product

9. Africa/Mideast

10. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Country Lists by Region

Macroeconomic Assumptions

Global Economic Environment

Global Demographic Trends


List of Tables

2. About This Report

Table 2-1 | Annual Global Industrial Thermoplastic Elastomer Demand by Region, 2019 - 2021 (thousand metric tons)

3. Overview

Table 3-1 | Global Industrial Thermoplastic Elastomer Demand, 2004 - 2019 (thousand metric tons)

Table 3-2 | Global Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 3-3 | Global Industrial Thermoplastic Elastomer Demand by Application, 2009 - 2029 (thousand metric tons)

Table 3-4 | Global Industrial Thermoplastic Elastomer Demand by Region, 2009 - 2029 (thousand metric tons)

4. North America

Table 4-1 | North America: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)

Table 4-2 | North America: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 4-3 | United States: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 4-4 | Canada: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 4-5 | Mexico: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

5. Central & South America

Table 5-1 | Central & South America: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)

Table 5-2 | Central & South America: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 5-3 | Brazil: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 5-4 | Other Central & South America: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

6. Western Europe

Table 6-1 | Western Europe: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)

Table 6-2 | Western Europe: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 6-3 | Germany: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 6-4 | Italy: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 6-5 | United Kingdom: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 6-6 | France: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 6-7 | Spain: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 6-8 | Other Western Europe: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

7. Eastern Europe

Table 7-1 | Eastern Europe: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)

Table 7-2 | Eastern Europe: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 7-3 | Russia: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 7-4 | Other Eastern Europe: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

8. Asia/Pacific

Table 8-1 | Asia/Pacific: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)

Table 8-2 | Asia/Pacific: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 8-3 | China: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 8-4 | Japan: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 8-5 | South Korea: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 8-6 | India: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 8-7 | Taiwan: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 8-8 | Thailand: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

Table 8-9 | Other Asia/Pacific: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

9. Africa/Mideast

Table 9-1 | Africa/Mideast: Industrial Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

10. Appendix

Table 10-1 | Relevant HS Codes

Table 10-2 | Relevant NACE Codes

Table 10-3 | Relevant NAICS & SIC Codes

Table 10-4 | Countries in North America

Table 10-5 | Countries in Central & South America

Table 10-6 | Countries in Western Europe

Table 10-7 | Countries in Eastern Europe

Table 10-8 | Countries in the Asia/Pacific Region

Table 10-9 | Countries in the Africa/Mideast Region

Table 10-10 | Global Gross Domestic Product by Region & Country, 2009 - 2029 (billion 2018 dollars)

Table 10-11 | Global Population by Region & Country, 2009 - 2029 (million persons)


List of Figures

1. Executive Summary

Figure 1-1 | Global Industrial Thermoplastic Elastomer Market

2. About This Report

Figure 2-1 | Global Industrial Thermoplastic Elastomer Demand Annual Growth, 2018 - 2024 (% CAGR)

3. Overview

Figure 3-1 | Global Industrial Thermoplastic Elastomer Demand, 2004 - 2019 (thousand metric tons)

Figure 3-2 | Global Industrial Thermoplastic Elastomer Volume Demand Growth by Product, 2009 - 2029 (% CAGR)

Figure 3-3 | Global Industrial Thermoplastic Elastomer Demand for Gaskets & Seals, 2002-2024 (thousand metric tons)

Figure 3-4 | Global Industrial Thermoplastic Elastomer Demand for Hoses & Belts, 2002-2024 (thousand metric tons)

Figure 3-5 | Global Industrial Thermoplastic Elastomer Demand for Other Industrial Products, 2002-2024 (thousand metric tons)

Figure 3-6 | Global Industrial Thermoplastic Elastomer Demand by Region, 2009 - 2029 (thousand metric tons)

4. North America

Figure 4-1 | North America: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 4-2 | United States: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 4-3 | Canada: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 4-4 | Mexico: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

5. Central & South America

Figure 5-1 | Central & South America: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 5-2 | Brazil: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 5-3 | Other Central & South America: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

6. Western Europe

Figure 6-1 | Western Europe: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 6-2 | Germany: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 6-3 | Italy: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 6-4 | United Kingdom: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 6-5 | France: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 6-6 | Spain: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 6-7 | Other Western Europe: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

7. Eastern Europe

Figure 7-1 | Eastern Europe: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 7-2 | Russia: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 7-3 | Other Eastern Europe: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

8. Asia/Pacific

Figure 8-1 | Asia/Pacific: Industrial Thermoplastic Elastomer Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 8-2 | China: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 8-3 | Japan: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 8-4 | South Korea: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 8-5 | India: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 8-6 | Taiwan: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 8-7 | Thailand: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 8-8 | Other Asia/Pacific: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

9. Africa/Mideast

Figure 9-1 Africa/Mideast: Industrial Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

10. Appendix


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