Press release
2028 Thermoplastic Elastomer Industry Report Growth Forecasts
Thermoplastic elastomers is known as thermoplastic rubber, are materials with elastomeric and thermoplastic characteristics. These are elastic and soft fabrics that may be stretched and returned to their original length. These elastomers have outstanding features such as abrasion resistance, heat and chemical resistance, low permeability, and increased adhesion. These elastomers are widely used because of their excellent performance characteristics like cleanliness, shock absorption, flexibility, weather, chemical, and thermal resistance, easy sterilization, and dimensional stability. These have various applications such as healthcare industries, building and construction, and home appliances.
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By geography, Asia Pacific is projected to hold the largest market share during the forecast period, due to the growth of construction sector and automotive industry, presence of large number of automotive production plants, the use of biodegradable products, rapid industrialization, and growing demand from various building & construction, wire & cable, engineering, and medical industries in India, China, Japan & south korea.
Some of the key players profiled in the Thermoplastic Elastomers Market include E. I. du Pont De Nemours and Company, Covestro AG, BASF SE, Asahi Kasei Advance Corporation, Arkema S.A., Exxon Mobil Corporation, Huntsman Corporation, Celanese Corporation, LyondellBasell Industries, Bayer MaterialScience LLC, Lubrizol Corporation, Kraton Corporation, Kuraray America, Inc., Evonik Industries, Mitsubishi Chemical Corporation, LG Chemicals, Royal DSM NV, and SABIC (Saudi Basic Industries Corporation).
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