Study #: 4022 | Published: 02/2021 | Pages: 120 | Individual User License: US$ 3,900

Global demand for thermoplastic elastomers used in the production of adhesives, sealants, and coatings is forecast to expand 3.7% per year to 927,000 metric tons. Gains will be supported by:

  • healthy growth in demand for tapes and labels in the Asia/Pacific region, where there is ample room for TPEs to take market share from competitive materials
  • an acceleration in construction activity worldwide
  • ongoing demand for personal hygiene products, most notably in China and India
  • the low cost of TPE products as compared to competitive adhesive and sealant materials

Styrenic Block Copolymers to Remain the Most Used Product Type

Styrenic block copolymers (SBCs) were the type of TPE most used in the production of adhesives, sealants, and coatings in the world in 2019, accounting for 63% of demand, and are expected to remain so due to their:

  • high cohesive strength, low application viscosity, ease of mixing, transparency, and good heat stability
  • compatibility with a wide range of tackifiers, oils, and plasticizers

Polyolefin elastomers (POEs) and thermoplastic polyurethanes (TPUs) – the two other TPE types widely used in adhesives, sealants, and coatings – are expected to see above average demand gains through 2024:

  • Demand for POEs will be boosted by their growing use as modifiers in hot melt adhesive formulations.
  • TPUs will benefit from their use in non-solvent based hot melt adhesives, which are used in food and non-food applications.

Tapes & Labels Will Offer the Best Opportunities for TPEs

Tapes and labels were the largest application for adhesive TPEs in 2019, with demand supported by the increasing importance of e-commerce, most notably in large markets such as China and the US. SBCs and TPUs are used in both hot melt and solvent-based adhesives and are gaining share from competitive materials such as ethylene vinyl acetate (EVA). The fastest gains will be seen for developing regions, with gains boosted by:

  • strong advances in packaging production and use
  • increasing consumer spending, which is supporting growth in output of labels used on packaged goods such as food, beverages, and cosmetics

Solvent-based and hot melt TPE adhesives are also widely used in packaging and construction applications. Strong advances in construction activity in the Asia/Pacific region, as well as rising purchases of packaged goods, will drive demand in these applications.


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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

Tapes & Labels

Nonwovens

Packaging & Other

Demand by Region

Pricing Trends

Leading Producers

4. North America

North America: Demand by Country

North America: Demand by Product

United States

United States: Adhesives, Sealants, & Coatings TPE Market Size

United States: Demand by Product

Mexico

Mexico: Adhesives, Sealants, & Coatings TPE Market Size

Mexico: Demand by Product

Canada

Canada: Adhesives, Sealants, & Coatings TPE Market Size

Canada: Demand by Product

5. Central & South America

Central & South America: Demand by Country

Central & South America: Demand by Product

Brazil

Brazil: Adhesives, Sealants, & Coatings TPE Market Size

Brazil: Demand by Product

Other Central & South America

Other Central & South America: Adhesives, Sealants, & Coatings TPE Market Size

Other Central & South America: Demand by Product

6. Western Europe

Western Europe: Demand by Country

Western Europe: Demand by Product

Germany

Germany: Adhesives, Sealants, & Coatings TPE Market Size

Germany: Demand by Product

Italy

Italy: Adhesives, Sealants, & Coatings TPE Market Size

Italy: Demand by Product

France

France: Adhesives, Sealants, & Coatings TPE Market Size

France: Demand by Product

Spain

Spain: Adhesives, Sealants, & Coatings TPE Market Size

Spain: Demand by Product

United Kingdom

United Kingdom: Adhesives, Sealants, & Coatings TPE Market Size

United Kingdom: Demand by Product

Other Western Europe

Other Western Europe: Adhesives, Sealants, & Coatings TPE Market Size

Other Western Europe: Demand by Product

7. Eastern Europe

Eastern Europe: Demand by Country

Eastern Europe: Demand by Product

Russia

Russia: Adhesives, Sealants, & Coatings TPE Market Size

Russia: Demand by Product

Other Eastern Europe

Other Eastern Europe: Adhesives, Sealants, & Coatings TPE Market Size

Other Eastern Europe: Demand by Product

8. Asia/Pacific

Asia/Pacific: Demand by Country

Asia/Pacific: Demand by Product

China

China: Adhesives, Sealants, & Coatings TPE Market Size

China: Demand by Product

Japan

Japan: Adhesives, Sealants, & Coatings TPE Market Size

Japan: Demand by Product

South Korea

South Korea: Adhesives, Sealants, & Coatings TPE Market Size

South Korea: Demand by Product

India

India: Adhesives, Sealants, & Coatings TPE Market Size

India: Demand by Product

Taiwan

Taiwan: Adhesives, Sealants, & Coatings TPE Market Size

Taiwan: Demand by Product

Thailand

Thailand: Adhesives, Sealants, & Coatings TPE Market Size

Thailand: Demand by Product

Other Asia/Pacific

Other Asia/Pacific: Adhesives, Sealants, & Coatings TPE 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


List of Tables

2. About This Report

Table 2-1 | Annual Global Thermoplastic Elastomers Demand in Adhesives, Sealants, & Coatings, 2019 - 2021 (thousand metric tons)

3. Overview

Table 3-1 | Global Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2004 - 2019 (thousand metric tons)

Table 3-2 | Global Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 3-3 | Global Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Application, 2009 - 2029 (thousand metric tons)

Table 3-4 | Global Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Region, 2009 - 2029 (thousand metric tons)

4. North America

Table 4-1 | North America: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Country, 2009 - 2029 (thousand metric tons)

Table 4-2 | North America: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 4-3 | United States: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 4-4 | Mexico: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 4-5 | Canada: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

5. Central & South America

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

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

Table 5-3 | Brazil: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

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

6. Western Europe

Table 6-1 | Western Europe: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Country, 2009 - 2029 (thousand metric tons)

Table 6-2 | Western Europe: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 6-3 | Germany: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 6-4 | Italy: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 6-5 | France: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 6-6 | Spain: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 6-7 | United Kingdom: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 6-8 | Other Western Europe: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

7. Eastern Europe

Table 7-1 | Eastern Europe: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Country, 2009 - 2029 (thousand metric tons)

Table 7-2 | Eastern Europe: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 7-3 | Russia: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 7-4 | Other Eastern Europe: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

8. Asia/Pacific

Table 8-1 | Asia/Pacific: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Country, 2009 - 2029 (thousand metric tons)

Table 8-2 | Asia/Pacific: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 8-3 | China: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 8-4 | Japan: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 8-5 | South Korea: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 8-6 | India: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 8-7 | Taiwan: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 8-8 | Thailand: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

Table 8-9 | Other Asia/Pacific: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Product, 2009 - 2029 (thousand metric tons)

9. Africa/Mideast

Table 9-1 | Africa/Mideast: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings 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$)


List of Figures

1. Executive Summary

Figure 1-1 | Global Thermoplastic Elastomers for Adhesives, Sealants, & Coatings Market

2. About This Report

Figure 2-1 | Annual Global Thermoplastic Elastomers Demand Growth in Adhesives, Sealants, & Coatings, 2018 - 2024 (% CAGR)

3. Overview

Figure 3-1 | Global Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2004 - 2019 (thousand metric tons)

Figure 3-2 | Global Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings Volume Demand Growth by Product, 2009 - 2029 (% CAGR)

Figure 3-3 | Global Thermoplastic Elastomer Demand in Adhesives/Sealants/Coatings for Tapes & Labels, 2002 - 2024 (thousand metric tons)

Figure 3-4 | Global Thermoplastic Elastomer Demand in Adhesives/Sealants/Coatings for Nonwovens, 2002 - 2024 (thousand metric tons)

Figure 3-5 | Global Thermoplastic Elastomer Demand in Packaging & Other Adhesives/Sealants/Coatings Applications, 2002 - 2024 (thousand metric tons)

Figure 3-6 | Global Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Region, 2009 - 2029 (thousand metric tons)

4. North America

Figure 4-1 | North America: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Country, 2009 - 2029 (thousand metric tons)

Figure 4-2 | United States: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 4-3 | Mexico: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 4-4 | Canada: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

5. Central & South America

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

Figure 5-2 | Brazil: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

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

6. Western Europe

Figure 6-1 | Western Europe: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Country, 2009 - 2029 (thousand metric tons)

Figure 6-2 | Germany: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 6-3 | Italy: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 6-4 | France: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 6-5 | Spain: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 6-6 | United Kingdom: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 6-7 | Other Western Europe: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

7. Eastern Europe

Figure 7-1 | Eastern Europe: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Country, 2009 - 2029 (thousand metric tons)

Figure 7-2 | Russia: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 7-3 | Other Eastern Europe: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

8. Asia/Pacific

Figure 8-1 | Asia/Pacific: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings by Country, 2009 - 2029 (thousand metric tons)

Figure 8-2 | China: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 8-3 | Japan: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 8-4 | South Korea: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 8-5 | India: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 8-6 | Taiwan: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 8-7 | Thailand: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

Figure 8-8 | Other Asia/Pacific: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

9. Africa/Mideast

Figure 9-1 | Africa/Mideast: Thermoplastic Elastomer Demand in Adhesives, Sealants, & Coatings, 2002 - 2024 (thousand metric tons)

10. Appendix


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