Allele Life Sciences Pvt Ltd has launched a report on “Indian Thermoplastic elastomers (TPE) Compounding Market Analysis: Trend, Forecast and Opportunity Analysis: 2010-2014” that offers a comprehensive and in depth analysis of market size, applications, potential, key drivers and challenges. The report assesses the commercial potential applications of thermoplastic elastomers (TPE) in soft-touch applications, footwear applications, automotive applications and others as well as uses various matrixes to identify market barriers to entry strategy as well as key market drivers & challenges and profiles market leaders.
According to report, In financial year 2009 the Indian Thermoplastic elastomers (TPE) compounding market accounted for around 601.5 Kt by volume shipment consisting of footwear industry largest market share of 60% of the total TPEs consumption and thereafter consumer goods retains second position with 13% market share.
The growth drivers would be soft-touch overmoulding as well as multishot moulding in a wide range of automotive, footwear, consumer goods, and other applications. Footwear continues to be the largest market for TPEs, with the foaming & strap applications and the substitutes of PVC & rubbers while TPOs and TPVs continue to grow in automotive interiors because they are less expensive than TPU and save processing costs when used in two-shot moulding. TPVs are expected to penetrate under-the-hood automotive applications, where their improved heat and oil resistance allows them to compete with thermoset rubbers. A new growth area is the medical market, where increasing requirements for design flexibility, new regulatory restrictions of additives such as phthalates, and the potential for replacing PVC are opening up opportunities for TPEs.
The Indian Thermoplastic elastomers (TPE) compounding market is expected to exhibit a compound annual growth rate (CAGR) of around 23% for the period 2010-14.
It presents historical market demand and supply data plus future forecasts for 2010 to 2014. The study also considers market environment factors, evaluates company market share and profiles industry competitors.
The compelling, analytical, in-depth analysis and comprehensive report is available with Allele Life Sciences Pvt Ltd and for more info you can reach at firstname.lastname@example.org