Thermoplastic Elastomers Market on India

31st August 2016 – Navi Mumbai, India: Market Report on India present the latest report on “Thermoplastic Elastomers Market on India”, to identify the on-going trends and segment wise anticipated growth in the coming years.

Thermoplastic Elastomers (TPEs) are unique and eco-friendly thermoplastics that are not only recyclable but can also be re-molded and re-shaped. TPEs offer various other advantages such as resistance to chemicals, UV, oxidation and providing soft-touch to materials. These properties enable replacement of rubber and conventional plastic materials with TPEs in various applications. In order to ensure utmost consumer health and safety, Government of India supports use of TPEs for commercial applications by providing guidelines for prudent product usage. Moreover, growing preference for recyclable and environment friendly polymers that are capable of increasing durability of various products is boosting demand for thermoplastic elastomers across the country. Additionally, thermoplastic elastomers are eco-compatible substitutes for Polyvinyl Chloride (PVC) polymers, which is expected to positively influence demand for thermoplastic elastomers in India during forecast period.

“India Thermoplastic Elastomers Market By Type, By End Use Application, Competition Forecast & Opportunities, 2011-2025”, the market of thermoplastic elastomers in India is anticipated to grow at a CAGR of around 7% during 2016 - 2025. Styrenic Block Copolymers dominated India thermoplastic elastomers market in 2015, and the segment is expected to continue dominating the market through 2025owing to its wide range of applications in various industries, ranging from automotive to consumer durables. During the forecast period, automotive industry is expected to emerge as the largest end user of TPEs in India, on account of increasing consumer preference for high performance and lightweight automobiles in the country. A major share in the demand for thermoplastic elastomers...