Thermoplastic Rubber Market Scope
Thermoplastic rubbers are majorly used in the footwear sector in the production of various types of soles, shoe platforms, wooden soles, and rubber boots. The main advantage of thermoplastic rubbers are these are easy and economic processing, excellent value for money, great aesthetic versatility, full recyclability. The thermoplastic rubbers are having environmental resistance as compared to general-purpose polychloroprene rubber compounds. It is a blend or compound of polymers which melt and form into plastic after heated.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Aurora Plastics, LLC (United States), Celanese (United States), Gainshine (China), Timco Rubber (United States), Spiratex (United States), Star Thermoplastics (United States), VertMarkets, Inc. (United States), Elesa+Ganter (Germany), RESINEX UK Limited (United Kingdom) and Goldenplast s.p.a. (Italy) |
CAGR | % |
The global thermoplastic rubbers market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Thermoplastic Rubber market throughout the predicted period.
Aurora Plastics, LLC (United States), Celanese (United States), Gainshine (China), Timco Rubber (United States), Spiratex (United States), Star Thermoplastics (United States), VertMarkets, Inc. (United States), Elesa+Ganter (Germany), RESINEX UK Limited (United Kingdom) and Goldenplast s.p.a. (Italy) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Thermoplastic Rubber market by Type , by Application (Automotive, Consumer & Industrial, Custom, Film & Sheet, Footwear, Hose & Tube, Packaging and Others (Recreation, Seals & Gaskets, Wire & Cable)) and Region with country level break-up.
On the basis of geography, the market of Thermoplastic Rubber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Thermoplastic Rubber Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Technology Advancement on Manufacturing Techniques
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Key Restraints | - Fluctuation in Interest Rates and Foreign Currency Exchange Rates
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Challenges | - It Has Lower Temperature Resistance
- Rising Cost of Raw Materials
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Market Opportunities | - Rising Number of Manufacturers across the Globe
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Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Thermoplastic Rubber Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries