This Olefinic Thermoplastic Elastomers market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Olefinic Thermoplastic Elastomers market.
Olefinic thermoplastic elastomers are emerging as one of the fastest growing class of synthetic polymers substituting a number of traditional polymeric compounds such as ethylene propylene polymers, ethylene vinyl acetate and Poly Vinyl Chloride (PVC) in numerous applications including automotive, medical, etc. The Olefinic thermoplastic elastomers are widely being used as an alternative to rubber. Olefinic thermoplastic elastomers offer good impact resistance and can be recycled (unlike rubber). These polymers are also known by alternative names such as alkene based thermoplastic elastomers. The olefinic thermoplastic elastomers are made of two components mainly, one being an elastomer, which is dispersed in thermoplastic polyolefin such as propylene. The olefinic thermoplastic elastomers possess excellent impact resistance and are lightweight and light density materials, hence used in a number of industries. Moreover, olefinic thermoplastic elastomers can be moulded into any shape such as cast, wire or film. Olefinic thermoplastic elastomers also provide chemical resistance and electrical insulation. Olefinic thermoplastic elastomers are tough and resilient and at the same time offer flexibility.
Global Olefinic Thermoplastic Elastomers Market Dynamics
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The global olefinic thermoplastic elastomers market is driven by the increasing demand from various end use industries, especially from the automotive industry. There has been an increasing demand for the use of lightweight materials in the automotive manufacturing in order to improve the fuel economy, thus driving the global olefinic thermoplastic elastomers market. Olefinic thermoplastic elastomers has also been utilized for the manufacture of bumpers, interior and exterior trims and floor mats and also for grips and seals.
Moreover, the global olefinic thermoplastic elastomers market is driven by increasing usage as films in the packaging industry due to the versatility of compound to get moulded into different forms.
Global Olefinic Thermoplastic Elastomers Market Restraints
In some extreme temperature and environmental conditions, olefinic thermoplastic elastomers undergo deformation and are not easily recovered. Hence, under such conditions, conventional materials are preferred over olefinic thermoplastic elastomers, which act as a restraint for the market growth.
One of the major factors restraining the growth of the olefinic thermoplastic elastomers market is the volatility in the raw material prices that in turn creating price pressure on manufacturers.
Global Olefinic Thermoplastic Elastomers Market Trends
The trend driving the global olefinic thermoplastic elastomers industry is product innovation by the major market participants. The chemical market is mainly consolidated with a few of the major players dominating the market. There has been constant investment on research and development activities by the manufacturers, for the development of materials such as advanced olefinic thermoplastic elastomers to substitute traditional elastomers such as rubber and thermoplastics in a wide variety of applications.
Global Olefinic Thermoplastic Elastomers Market Segmentation
The global olefinic thermoplastic elastomers market can be segmented on the basis of application, product type and region.
Global Olefinic Thermoplastic Elastomers Market Regional Outlook
North America is projected to hold dominant share in the global olefinic thermoplastic elastomers market. This is attributed to the large automotive OEM base in the region. The U.S. is expected to dominate the North America olefinic thermoplastic elastomers market. Asia Pacific and Latin America are identified to be the high growth regions in the global olefinic thermoplastic elastomers market and are expected to exhibit increasing adoption of olefinic thermoplastic elastomers over the conventional materials, thus expanding at a relatively high CAGR over the forecast period, 2017-2027. Asia Pacific has also exhibited a substantial increase in automotive production over the past few years, which in turn is driving the Asian olefinic thermoplastic elastomers market. Europe is estimated to remain as a lucrative region in the global olefinic thermoplastic elastomers market throughout the forecast period. The olefinic thermoplastic elastomers market in Japan is also projected to exhibit positive growth over the forecast period. However, Middle East and Africa is estimated to register sluggish growth.
Global Olefinic Thermoplastic Elastomers Market Participants
Examples of some of the market participants identified across the value chain of the global olefinic thermoplastic elastomers market are: The Dow Chemical Company, BASF SE, DuPont, Evonik Industries AG, Exxon Mobil Corporation, Mitsui Chemicals Inc., Preferred Plastics, Inc. and Hallstar among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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On the basis of application, the global olefinic thermoplastic elastomers market can be segmented into the following categories:
- Automotive Industry
- Building and construction
- Electrical and electronics
- Food and beverage
- Consumer Products
On the basis of product type, the global olefinic thermoplastic elastomers can be segmented as:
- Thermoplastic polyolefin
- Thermoplastic vulcanizates
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
Frequently Asked Questions
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- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Olefinic Thermoplastic Elastomers Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
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How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.