South America Thermoplastic Elastomers (TPE) Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "South America Thermoplastic Elastomers (TPE) Market - Segmentation by Product Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The demand for South America thermoplastic elastomers (TPE) market is expected to witness a CAGR of 5%, during 2018-2023.

TPE, due to its properties such as durability, corrosion resistance, toughness, design flexibility, resiliency, low production cost are used as a substitute to conventional metal instruments. The light weight of TPE helps in making portable medical devices. The use of TPE in Eye Drop Packaging, children's glasses, and Uterine balloon tamponades (UBT), among others is an example of TPE's wide applications in medical industry.

The construction industry has a market share of more than 14% in South America region and is estimated to grow during the forecasted period. The consumption of TPE for building & construction applications is expected to witness a significant growth during the forecasted period, which is characterized by heavy investment in R&D by domestic companies aimed at product innovation and increased application scope.

Brazil is one of the world's most dynamic markets. It accounts for more than 69% of the TPE market in South America. Market awareness towards the applications and properties of TPE has increased and thus Brazil TPE market is observing increased interest from foreign investors. An example of this is the Fruit and Food export packaging sector, which has observed partnerships from organizations for production of TPE based packaging. Another industry that has a high demand for Thermoplastic Elastomer is Automobile industry. The Automobile industry is on a rise in Brazil, which is one of the leading economies in South America. Due to cooperative government policies, increasing population and standards of living automobile industry is flourishing.

Companies Mentioned

  • BASF SE
  • Total Petrochemicals
  • Akzonobel N.V.
  • Bayer MS
  • Chemtura Corp.
  • SINOPEC Corp.
  • Braskem SA
  • Total Petrochemicals & Refining USA Inc.
  • Evonik Industries
  • Chevron Phillips Chemical Co
  • Mitsubishi Chemical Holdings Corporation
  • Arkema SA
  • Huntsman Corporation
  • PolyOne Corporation

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

9. Disclaimer

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Rubber