Product
Thermoplastic Elastomer (TPE) Price Trend and Forecast
Thermoplastic Elastomer (TPE) Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Thermoplastic Elastomer in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Thermoplastic Elastomer Price Trend for the H1 of 2023
Asia
The price trend of thermoplastic elastomer moved upwards in the first and second quarters of 2023 with some month-to-month variations. The initial price dip was, however, observed in the first month due to low demand from downstream industries, but in the subsequent months, the market gained its pace and acquired more orders from the domestic and international markets. With the surge in demand, the producers looked to restock their inventories, which led to the rise in the price trend of thermoplastic elastomer.
Europe
An inclining trajectory of prices was observed in the first two quarters of 2023, with some mixed trends in the second quarter. The prices in this region were supported by the rising cost of raw materials. The automotive sector also showcased signs of recovery and improved its demand along with several other downstream industries that eventually led to the surge in the prices of thermoplastic elastomer.
North America
In North America, the price trend of thermoplastic elastomers was stagnant in the first and second quarters of 2023. The trend took a slight dip in January but stabilized quickly in the subsequent months. The stagnancy in the prices of thermoplastic elastomers was majorly due to rising cost pressure on the market from the raw material sector and fixed consumption of buyers in the market.
Analyst Insight
According to Procurement Resource, the price trend of thermoplastic elastomer is estimated to showcase an inclining trajectory as the demand from end-user industries seems to be improving.
Procurement Resource provides latest prices of Thermoplastic Elastomer (TPE). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
A class of materials known as thermoplastic elastomers (TPEs) combines the properties of ordinary thermoplastics with elastomers. TPEs, like thermoplastics, may be repeatedly melted and reformed, unlike typical elastomers. They have exceptional flexibility, robustness, and elasticity, much like rubber, but they don't need to be vulcanized.
TPEs are weatherable, have strong chemical resistance, and may be manufactured using conventional plastic molding procedures. These materials are used in consumer products, medical equipment, automobile components, and other industrial products where a compromise between rubber-like characteristics and ease of processing is necessary.
Product Details
| Report Features | Details |
| Product Name | Thermoplastic Elastomer (TPE) |
| Synonyms | Thermoplastic rubber (TPR), Thermoplastic polyurethane (TPU), Thermoplastic elastomer rubber (TPER), Elastoplastic |
| Industrial Uses | Metal Cleaning, Electroplating, Chiral synthesis, Textile production, Cosmetics, Wine production |
| CAS Number | 308079-71-2 |
| Supplier Database | Advanced Elastomer Systems L.P., Arkema S.A., BASF SE, Bayer Material Science LLC, China Petroleum and Chemical Corporation, Dynasol Elastomers LLC, Evonik Industries, LCY Chemical Corporation, Nippon Polyurethane Industry Company Ltd |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
This process involves the copolymerization of monomers via block or graft polymerization. It produces long-chain of molecules with hard and soft segments in different layouts. Graft polymerization involves joining or grafting branches of one polymer chain to another.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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