DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/765e2f/strategic_analysis) has announced the addition of Frost & Sullivan's new report "Strategic Analysis of Thermoplastic Elastomers Market in Global Automotive Industry" to their offering.
"Strategic Analysis of Thermoplastic Elastomers Market in Global Automotive Industry" analyzes the key TPE markets (TPO, TPV, TPU, COPE, SBC, and PEBA). The research service covers North America, Europe, China, India, and Japan.
It covers the TPE market segmented by product types. The market study also segments the TPE market by countries.
The important factors that are driving and restraining the growth of the market have also been detailed in the study along with the challenges faced by the participants.
Unit shipment and revenue forecasts have been given for each of the product segments with a detailed note on the competitive structure. Unit shipment forecasts have also been given for the important countries.
Light Weighting Trend in the Automotive Industry Supports the Growth of the TPE Market:
Automotive industry is driven by the urgent need for weight reduction and improving the fuel efficiency of the vehicles.
This has necessitated the OEMs to opt for materials that significantly reduce weight of their vehicles. However, the focus is on materials that enable weight reduction as well as offer adequate performance characteristics that are required for automotive applications.
This has proven to be advantageous for thermoplastic elastomers, as they are not only light in weight, but also provide extraordinary performance.
These materials have the properties of both synthetic rubbers and thermoplastics. This has ensured the ease of processability, which helps in designing complex shapes required for the applications. This also leads to reduction in material wastage during processing. Thus, thermoplastic elastomers are a class of materials ideal for many of the automotive applications.
Moreover, the legislations such as Corporate Fuel Average Economy (CAFE), which aim at improving the fuel efficiency of the vehicles, necessitate use of materials that help in lowering fuel consumption.
This has led to the increased demand for thermoplastic elastomers in the automotive industry.
Recyclability of Thermoplastic Elastomers enables increased adoption in automotive applications.
Key Topics Covered:
- Market Overview
- Total Thermoplastic Elastomers Market in the Automotive Industry
- TPV Elastomers in the Automotive Industry Breakdown
- TPO Elastomers in the Automotive Industry Breakdown
- COPE Elastomers in the Automotive Industry Breakdown
- TPU Elastomers in the Automotive Industry Breakdown
- SBC Elastomers in the Automotive Industry Breakdown
- PEBA Elastomers in the Automotive Industry Breakdown
For more information visit http://www.researchandmarkets.com/research/765e2f/strategic_analysis