The global market for thermoplastic elastomers is estimated to have grown at a compound average rate (CAGR) of 5.45 % in 2012 – 2017, even though it is an increasingly mature market. It is also expected to grow at about the same rate for 2017 – 2022, with a CAGR of 5.58 %. The Asia-Pacific region occupied an estimated 49.7 % in 2017, and will likely grow to a market share of 53.1 %, by 2022. The NAFTA region is the second-largest market, but its estimated market share of 25.5 % is expected to recede slightly to 24.5 % by 2022.
The European market share is third in line with a market share of 19.7 % in 2017, which will likely fall to 17.8 % in 2022. The South American market is faring rather badly and will do so right up to 2022. These are some of the findings of the latest TPE market report The Future of Thermoplastic Elastomers to 2022 by Smithers Rapra. The report includes an executve summary, and chapters dedicated to key drivers and trends, cutting-edge technology forecasts, markets by material, markets by end-use, and markets by geopgraphy.