市场调查报告书
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全球热塑性弹性体市场评估:依产品类型、製造流程、应用、最终用途产业、地区、机会、预测(2017-2031)Thermoplastic Elastomers Market Assessment, By Material Type, By Production Process, By Application, By End-use Industry By Region, Opportunities and Forecast, 2017-2031F |
全球热塑性弹性体市场规模预计将从2023年的625万吨增加到2031年的849万吨,2024-2031年预测期间复合年增长率为3.9%。蓬勃发展的鞋业正在推动热塑性弹性体市场的成长。这一增长归因于电子商务网站和体育赛事鞋类销售的增加。热塑性弹性体在运输部件中的不断增加也推动了市场的成长。例如,根据Alliance for Automotive Manufacturers的数据,2022年汽车零件製造投资达430亿美元。
交通运输业的强劲成长得益于多种因素,包括飞机产量的扩大、政府开发电动车製造中心的多项举措以及与新船相关的持续製造活动。消费者对新型鞋类产品的需求不断增加、消费者偏好的变化以及製造技术的进步是影响全球鞋类产业成长的主要因素。因此,全球运输和鞋类产业的健康成长正在推动对具有优异耐化学性的热塑性弹性体的需求,从而补充市场成长。
此外,最近开设的用于开发热塑性弹性体的新设施预计将加速全球市场的产品供应,并为长期市场成长创造有利的机会。例如,2022 年 10 月,Audia Elastomers 在中国常熟开设了一家新製造工厂。Audia Elastomers 的新製造工厂生产各种弹性体,包括热塑性弹性体 (TPE)。然而,热塑性弹性体有一些性能限制,限制了市场的成长。
在交通运输业,热塑性弹性体的采用至关重要。这种材料正日益成为运输产品製造商的首选材料,因为与热固性材料相比,它保证了系统总成本的卓越优势,例如重量轻、成本效益高和高度耐用。热塑性弹性体用于商用飞机、客车和游轮等运输产品。新的运输製造设施的开发、商业航空活动的增加、飞机产量的增加以及升级运输车辆型号的技术创新的扩散是推动全球运输业成长的一些较大变数。
例如,根据全球飞机製造商Airbus的数据,A330飞机的产量到2022年将达到每月三架。此外,Air Bus还承诺到2024年将A330飞机的产量增加四架。此外,Air Bus交付了611架商用飞机,2022年将达到661架,年增率为8%。因此,蓬勃发展的交通运输产业正在推动热塑性弹性体用于製造保险桿、风管、高低压管道,这是市场成长的主要驱动力。
热塑性弹性体比乙烯醋酸乙烯酯 (EVA) 泡沫等传统材料表现出明显更高的灵活性,使其成为製造鞋类中底的理想选择。此外,热塑性弹性体可以模製成复杂的形状,提供增强的缓衝、减震和支撑。由于电商销售增加、鞋类品牌广告支出增加、对时尚舒适运动鞋的需求不断增长以及城市化的快速发展等关键因素,鞋类行业经历了显着的增长,我们正在经历显着的需求增长。
根据《World Footwear Yearbook 2023》近日发布的统计数据显示,2022年全球鞋类产量为239亿双,年成长率为7.6%。同样,根据Sports & Fitness Industry Association(SFIA)的数据,体育用品行业在 2021 年实现了创纪录的销售额,比 2020 年增长 15.8%,比 2019 年疫情前增长 16.4%。从那时起,增强的鞋类市场刺激了对确保卓越阻尼性能的热塑性弹性体的需求,从而推动了市场成长。
本报告研究分析了全球热塑性弹性体市场,提供市场规模和预测、市场动态、主要参与者现状和前景等。
Global thermoplastic elastomers market is projected to witness a CAGR of 3.9% during the forecast period 2024-2031, growing from 6.25 million tons in 2023 to 8.49 million tons in 2031. The flourishing footwear industry is augmenting the demand for thermoplastic elastomers market growth. This growth is attributed to footwear sales through e-commerce sites and increasing sports events. The increasing deployment of thermoplastic elastomers in transport parts bolstered market growth. For instance, according to the Alliance for Automotive Manufacturers, in 2022, investments in automotive parts manufacturing reached USD 43 billion.
The robust growth of the transportation sector is ascribed to various factors, including the production expansion of aircraft, multiple government initiatives to develop electric vehicle manufacturing hubs, and the ongoing manufacturing activities associated with the new marine vessels. The increasing consumer demand for a new range of footwear, shifting consumer preferences, and advancements in manufacturing technologies are some of the prime attributes influencing the growth of the footwear industry at the global level. Thus, the robust growth of the transportation and footwear sectors at the global level is boosting the demand for thermoplastic elastomers to ensure superior chemical resistance, which, in turn, is supplementing the market growth.
In addition, the recent opening of new facilities for thermoplastic elastomer development will boost the supply of products in the global market, thereby creating a lucrative opportunity for market growth in the long run. For instance, in October 2022, Audia Elastomers launched a new manufacturing plant in Changshu, China. The new manufacturing facility of Audia Elastomers is manufacturing a range of elastomers, including thermoplastic elastomers (TPEs). However, thermoplastic elastomers have several performance limitations, restraining the market's growth.
In the transportation industry, deploying thermoplastic elastomers is vital as the material ensures superior benefits, such as being lightweight, cost-effective, and highly durable, as opposed to thermoset materials in the total system cost, thereby making it increasingly desirable for transport product manufacturers. Thermoplastic elastomers are employed in transportation products such as commercial aircraft, passenger vehicles, cruise ships, and others. The development of new transport manufacturing facilities, rising commercial flight activities, increasing aircraft production, and surging innovations in the upgraded transport vehicle models are some of the prominent variables fostering the transportation sector's growth at the global level.
For instance, according to Airbus, a global aircraft manufacturer, the production of A330 aircraft reached 3 per month in 2022. Moreover, Airbus is focusing on increasing the production of A330 aircraft by 4 in 2024. Furthermore, Airbus delivered 611 commercial aircraft units, and in 2022, it was 661 units, an annual growth rate of 8%. Hence, the booming transportation industry is fueling the adoption of thermoplastic elastomers for manufacturing bumpers, air ducts, and high & low-pressure pipes, which forms a major aspect accelerating the market growth.
Thermoplastic elastomers are ideal for manufacturing footwear midsoles as TPEs serve significantly higher levels of flexibility than traditional materials such as ethylene-vinyl acetate (EVA) foams. Additionally, thermoplastic elastomers can be molded into complex shapes for enhanced cushioning, shock absorbency, and support. The footwear sector is experiencing significant demand growth due to several key factors, including the growing sales facilitated by e-commerce, extensive spending on advertising by footwear brands, rising demand for athletic, trendy, and comfortable footwear, and rapid urbanization.
According to the recent statistics published by the World Footwear Yearbook 2023, 2022 global footwear production was 23.9 billion pairs, representing a year-on-year growth rate of 7.6%. Likewise, according to the Sports & Fitness Industry Association (SFIA), the sporting goods industry experienced record-breaking sales in 2021, with a 15.8% increase in revenue from 2020 and a 16.4% increase since 2019 pre-pandemic numbers. Henceforth, the bolstering footwear sector is spurring the demand for thermoplastic elastomers to ensure superior damping properties, propelling the market growth.
The thermoplastic elastomers are equipped with beneficial technical properties such as specific gravity at 0.89-1.0, shore hardness of 60A-75D, low-temperature limit at -60°C, high-temperature limit at 120°C, compression set resistance at 100 °C, and resistance to hydrocarbon fluids. Thus, due to the above technical properties, thermoplastic elastomers are often deployed in various applications such as transport parts, construction extruded seals, and electrical and electronic components.
For instance, according to the recent data published by Invest India, in 2022, the production of electronic components in India was valued at USD 11 billion and is projected to reach USD 18 billion by 2026. Therefore, the superior technical properties associated with thermoplastic elastomers augment the adoption of TPEs across various applications, thereby proliferating the market growth.
The regional economic growth of the Asia-Pacific is driven by the expansion of the various end-use industries such as medical equipment, transportation, building & construction, and industrial. Prominent variables, such as increasing spending power of people, flexible trade regulations, easy availability of raw materials, and ease of import-export policies, are some of the favorable aspects fostering the growth of the transportation sector in the Asia Pacific region.
According to the recent report published by the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2022, the Asia Pacific region held the highest manufacturing share in the global automotive share, which was 58.8% of the global automotive share. Moreover, in 2021, the production of automobiles in the Asia-Pacific region was 46,768,800 units, whereas in 2022, it was 50,020,793, representing a year-on-year growth rate of 7%. Thus, the booming transportation sector in the Asia-Pacific region is boosting the adoption of thermoplastic elastomers to ensure superior durability, thereby supplementing the market growth in the region.
The COVID-19 pandemic in 2020 restrained the supply of raw materials, labor movement, and halt in the production of non-essential industrial products. As a result, the demand for thermoplastic elastomers declined. Furthermore, the demand revenue losses incurred by various end-use industries, such as transportation, industrial, and building and construction, resulted in the decline in the growth of the thermoplastic elastomers industry.
For instance, according to the statistics published by the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2019, the global production of automotive was 92,175,805 units and in 2020, it was 77,621,582, a decline of 15.8%. However, the sudden surge in the need for medical equipment boosted the demand for thermoplastic elastomers. Additionally, favorable government measures across various countries efficiently promoted the resurgence of various end-use industries, including thermoplastic elastomers, thereby accelerating the market growth in the years 2021 and 2022.
The Russia and Ukraine war had a strong impact on respective economies. Since Russia is among the major trade partners of Europe, the supply chain disruption strongly impacted the production activities in the region. As a result, there was a shortage of automotive components in the European countries during 2022, ultimately resulting in a decline in automotive production in the region.
For instance, according to the recent data published by the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2021, the automotive production in Netherlands was 107,021 units and in 2022, it was 101,670 units, an annual decline of 5% as compared to 2021. However, the procurement of materials from local sources and other prominent markets such as China and India aided the growth of the thermoplastic elastomers market despite the impact of the Russia-Ukraine war in the first half of 2022.
The major players with a strong market share in the global thermoplastic elastomers industry include: BASF SE, Arkema, Covestro AG, Asahi Kasei Corporation., DuPont., Dow, Huntsman International LLC., The Lubrizol Corporation, Mitsubishi Chemical Corporation., and KRATON CORPORATION. The prominent players operating in the manufacturing of thermoplastic elastomers have highly advanced R&D capabilities to ensure frequent innovations in developing novel product ranges.
In September 2023, Trinseo, a manufacturer of materials in the United States, launched APILON 52 XB-75A CRISTALLO, a new range of thermoplastic elastomers. APILON 52 XB-75A CRISTALLO is an ester-based transparent thermoplastic polyurethane (TPU) ideal for application in the footwear industry. The prime focus of Trinseo with the launch of a new range of products was to increase the product revenue share in the global market.
In June 2023, Avient, headquartered in the United States, introduced a new product for halogen-free flame-retardant thermoplastic elastomer (TPE) named reSound BIO biobased and reSound REC. The launch of the new product was focused on applications in the electrical and electronics industry.
In February 2023, Teknor Apex, a United States-based company involved in the manufacturing of the materials, introduced Monprene S3 CP-15170 BLK, a type of thermoplastic elastomer. Monprene TPEs include the performance benefits of thermoset rubber in combination with the processability of a thermoplastic. The primary focus of introducing a new range of products was to increase the distribution of thermoplastic elastomers in the global market.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per
information available during research work.