 Thermoplastic Market worth $23.9 Billion By 2018Thermoplastic Market was estimated to be worth $15.1 billion in 2012, and is expected to reach $23.9 billion by 2018, growing at a CAGR of 8.1%, in terms of revenue, from 2013 to 2018.
By: marketsandmarkets Browse >> 109 market data tables 34 figures 336 pages and in-depth TOC on "Thermoplastic Market " http://www.marketsandmarkets.com/ Early buyers will receive 10% customization on reports. Thermoplastic Elastomers (TPEs) replaced natural and synthetic rubber due to its ability to form in various shapes adhering to many conventional and innovative processability techniques, hence resulting in shapes of complex designs. TPEs replace PVCs due to the hazardous chemical residue left by PVC. TPEs are environment friendly as they can be melted and reshaped, thereby leaving very less wastage. TPEs have many advantages over the materials it is replacing such as resistance towards weather, chemicals, oxidation and delivering soft touch materials. Demand for soft touch applications adds to the growth of TPEs.Evolving Bio based TPEs, environmental regulation in sectors such as food, packaging and medical can create future market spaces for TPEs. Buy a copy of this report @ http://www.marketsandmarkets.com/ Automotive: Major market for TPE Thermoplastic elastomers market is segmented by major types such as SBC, TPO, TPV, TPU, COPE and PEBA. These individual thermoplastic elastomers have application specific demands differentiated by cost and efficiency. TPEs are useful in applications such as automotiveparts, paving & roofing, consumer & personal hygiene products, medical clothing, medical equipment, aircraft coating, rail track, sports & leisure equipment, various types of footwear, baby care, electronic appliances, baby-diapers, industrial & mining related cables, oil & gas pipelines and several others. These materials result in minimizing energy consumption and increase in efficiency of the applications. Global TPE market to reach $23.9 billion by 2018 The global market for thermoplastic elastomers in terms of revenue was estimated to be worth $15.1 billion in 2012, and is expected to reach $23.9 billion by 2018, growing at a CAGR of 8.1%, in terms of revenue, from 2013 to 2018. The APAC region dominated the global thermoplastic elastomer market, accounting for 42.4% of the global thermoplastic elastomer revenue in 2012. The APAC is expected to have the highest market revenue in 2018, followed by the North American market. ROW, a collection of individual country markets, is expected to be the fastest growing market in the future, growing at a CAGR of 10.1% from 2013 to 2018, owing to rising consumption in this region where the end-user markets of TPE are growing steadily. The European market is expected to grow at a rate of 6.7%, in revenue terms and 5.1% in consumption terms from 2013 to 2018. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan North - Dominion Plaza, 17304,Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: sales@marketsandmarkets.com End
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