Study #: 3923 | Published: 02/2021 | Pages: 127 | Individual User License: US$ 3,900

Global demand for thermoplastic elastomers (TPEs) used in the production of motor vehicles is projected to rise 3.0% yearly to 2.2 million metric tons in 2024. Gains will be boosted by:

  • growing personal incomes in many developing economies, supporting higher levels of motor vehicle ownership
  • growth in motor vehicle output worldwide, with notable rebounds in the US, Germany, and South Korea
  • ongoing replacement of EPDM and thermoplastics by TPEs such as thermoplastic vulcanizates (TPVs), most notably in the large Western Europe, US, and China industries
  • the development of new TPE grades and compounds, which expand the applications for which TPEs can be used in motor vehicles

However, stronger gains for the motor vehicle market will be restrained by the impact of the COVID-19 pandemic, which resulted in sharp declines in 2020 and will depress the average rate of growth through 2024 as losses are recovered.

The Best Opportunities Will Be Found in the Asia/Pacific Region

Suppliers that target the Asia/Pacific region will benefit from ongoing expansion of motor vehicle markets in such countries as China, India, and Thailand, where penetration rates for TPEs lag those of high-income countries. China is expected to remain the largest single market for motor vehicle TPEs in the world, accounting for nearly 50% of regional demand in 2024, and India is forecast to see the fastest growth.

Although TPEs are approaching maturity in exterior and structural motor vehicle components in developed countries, there are still opportunities for growth, most notably demand for soft touch in interior applications. Engine applications are another growth area, where ease of processing and increasing performance characteristics will lead TPEs to overtake rubber.

Thermoplastic Polyolefins to Remain Most Used Product Type

Thermoplastic polyolefins (TPOs) are expected to remain the most widely used TPE in motor vehicle applications and will account for over half of global demand by 2024. The use of TPOs in motor vehicles is supported by their:

  • lighter weight relative to competitive materials
  • ability to withstand and remain functionable at low temperatures
  • durability and weatherability

However, applications for TPOs in motor vehicle exteriors are starting to reach maturity in most markets, leaving little headroom for further market penetration in these applications.

In contrast, applications for thermoplastic vulcanizates (TPVs) continue to expand, as their ability to help manufacturers meet new weight saving and recyclability challenges is leading to increased use in under-the-hood and sealing system components.


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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

Exterior & Structural

Engine & Mechanical

Interior

Demand by Region

Pricing Trends

Leading Producers

4. North America

North America: Demand by Country

North America: Demand by Product

United States

United States: Motor Vehicle Thermoplastic Elastomer Market Size

United States: Demand by Product

Mexico

Mexico: Motor Vehicle Thermoplastic Elastomer Market Size

Mexico: Demand by Product

Canada

Canada: Motor Vehicle Thermoplastic Elastomer Market Size

Canada: Demand by Product

5. Central & South America

Central & South America: Demand by Country

Central & South America: Demand by Product

Brazil

Brazil: Motor Vehicle Thermoplastic Elastomer Market Size

Brazil: Demand by Product

Other Central & South America

Other Central & South America: Motor Vehicle Thermoplastic Elastomer Market Size

Other Central & South America: Demand by Product

6. Western Europe

Western Europe: Demand by Country

Western Europe: Demand by Product

Germany

Germany: Motor Vehicle Thermoplastic Elastomer Market Size

Germany: Demand by Product

Spain

Spain: Motor Vehicle Thermoplastic Elastomer Market Size

Spain: Demand by Product

United Kingdom

United Kingdom: Motor Vehicle Thermoplastic Elastomer Market Size

United Kingdom: Demand by Product

France

France: Motor Vehicle Thermoplastic Elastomer Market Size

France: Demand by Product

Italy

Italy: Motor Vehicle Thermoplastic Elastomer Market Size

Italy: Demand by Product

Other Western Europe

Other Western Europe: Motor Vehicle Thermoplastic Elastomer Market Size

Other Western Europe: Demand by Product

7. Eastern Europe

Eastern Europe: Demand by Country

Eastern Europe: Demand by Product

Russia

Russia: Motor Vehicle Thermoplastic Elastomer Market Size

Russia: Demand by Product

Other Eastern Europe

Other Eastern Europe: Motor Vehicle Thermoplastic Elastomer Market Size

Other Eastern Europe: Demand by Product

8. Asia/Pacific

Asia/Pacific: Demand by Country

Asia/Pacific: Demand by Product

China

China: Motor Vehicle Thermoplastic Elastomer Market Size

China: Demand by Product

Japan

Japan: Motor Vehicle Thermoplastic Elastomer Market Size

Japan: Demand by Product

South Korea

South Korea: Motor Vehicle Thermoplastic Elastomer Market Size

South Korea: Demand by Product

India

India: Motor Vehicle Thermoplastic Elastomer Market Size

India: Demand by Product

Thailand

Thailand: Motor Vehicle Thermoplastic Elastomer Market Size

Thailand: Demand by Product

Taiwan

Taiwan: Motor Vehicle Thermoplastic Elastomer Market Size

Taiwan: Demand by Product

Other Asia/Pacific

Other Asia/Pacific: Motor Vehicle Thermoplastic Elastomer 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

Global Personal Consumption Expenditures

Global Motor Vehicle Production


List of Tables

2. About This Report

Table 2-1 | Global Motor Vehicle Thermoplastic Elastomer Demand, 2019 - 2021 (thousand metric tons)

3. Overview

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

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

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

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

4. North America

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

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

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

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

Table 4-5 | Canada: Motor Vehicle Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

5. Central & South America

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

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

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

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

6. Western Europe

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

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

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

Table 6-4 | Spain: Motor Vehicle Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

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

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

Table 6-7 | Italy: Motor Vehicle Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

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

7. Eastern Europe

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

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

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

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

8. Asia/Pacific

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

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

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

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

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

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

Table 8-7 | Thailand: Motor Vehicle Thermoplastic Elastomer Demand by Product, 2009 - 2029 (thousand metric tons)

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

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

9. Africa/Mideast

Table 9-1 | Africa/Mideast: Motor Vehicle 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)

Table 10-12 | Global Personal Consumption Expenditures, 2009 - 2029 (billion 2018 US$)

Table 10-13 | Global Motor Vehicle Production, 2009 - 2029 (thousand units)


List of Figures

1. Executive Summary

Figure 1-1 | Global Motor Vehicle Thermoplastic Elastomer Market

2. About This Report

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

3. Overview

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

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

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

4. North America

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

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

Figure 4-3 | Mexico: Motor Vehicle Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

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

5. Central & South America

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

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

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

6. Western Europe

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

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

Figure 6-3 | Spain: Motor Vehicle Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

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

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

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

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

7. Eastern Europe

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

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

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

8. Asia/Pacific

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

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

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

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

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

Figure 8-6 | Thailand: Motor Vehicle Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

Figure 8-7 | Taiwan: Motor Vehicle Thermoplastic Elastomer Demand, 2002 - 2024 (thousand metric tons)

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

9. Africa/Mideast

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

10. Appendix


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