Thermoplastic Elastomers (TPE) Compounds Market
Thermoplastic Elastomers (TPE) Compounds Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Thermoplastic Elastomers (TPE) Compounds Market Size and Growth
The Thermoplastic Elastomers (TPE) Compounds market research reports indicate that the market is experiencing steady growth due to increasing demand in various industries such as automotive, consumer goods, and healthcare. The market size is projected to reach $20 billion by 2027, driven by advancements in material technology and the growing trend towards ecofriendly products.
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Companies Covered (Covid 19 Impact Covered)
◍ Kraton Polymers
◍ Dynasol
◍ LG Chem
◍ INEOS Styrolution
◍ Avient Corporation
◍ Asahi Chemical
◍ Versalis
◍ Mitsubishi Chemical
◍ Sibur
◍ Kumho Petrochemical
◍ ExxonMobil
◍ JSR
◍ Kuraray
◍ Sinopec
◍ LCY Technology Corp
◍ TSRC
◍ CNPC
◍ ChiMei
The Thermoplastic Elastomers (TPE) Compounds Market is highly competitive with key players including Kraton Polymers, Dynasol, LG Chem, INEOS Styrolution, Avient Corporation, Asahi Chemical, Versalis, Mitsubishi Chemical, Sibur, Kumho Petrochemical, ExxonMobil, JSR, Kuraray, Sinopec, LCY Technology Corp, TSRC, CNPC, and ChiMei. These companies offer a wide range of TPE compounds for various applications such as automotive, construction, medical, and consumer goods, contributing to the growth of the market.
- Kraton Polymers: $2.4 billion
- LG Chem: $1.5 billion
- INEOS Styrolution: $1.1 billion
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Market Segmentation
By Application
◍ Footwear
◍ Automobile
◍ Building & Construction
◍ Other
By Product
◍ Styrenic Block Copolymers (TPS or TPE-S)
◍ Thermoplastic Vulcanizates (TPV)
◍ Others
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Market Growth
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$ 19.70 Billion
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