EUROPE THERMOPLASTIC ELASTOMERS MARKET 2023-2030

Chemicals & Materials | Plastic

EUROPE THERMOPLASTIC ELASTOMERS MARKET 2023-2030

Market by Material Type, Industry Vertical, and Country Outlook | Forecast 2023-2030

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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:

      Market CAGR during the forecasting years 2023-2030

      Detailed data highlighting key insights, industry components, and market strategies

      Comprehensive information and estimation of the thermoplastic elastomers market revenue growth in Europe and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

      A wide-ranging study of factors that will challenge the Europe thermoplastic elastomers market’s growth during the upcoming years

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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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