Automotive is the major application segment for TPE. The recovery of automotive sector in the across the world is driving the TPE market during the forecast period. Moreover, the development of eco-friendly technologies for production of TPE and growing demand for electric & hybrid vehicles are new opportunities in TPE market.
Automotive application holds the largest share in the TPE market
Automotive is the largest application in the TPE market. TPE is used in exterior filler for panels, wipers, rocker panels, body seals, automotive gaskets, door & window handles, other under-the-hood applications. The segment account for about 33% market share in terms of volume in 2020. The sector is in declining phase for past two year (2018-2019) due to global economic slowdown. However, the segment in expected to recover in forecast period. Moreover, focus towards electric and hybrid vehicle will provide new opportunities for TPE manufacturer.
TPE Market worth $26.3 billion by 2026 - Exclusive Report by MarketsandMarkets TPE Market by Type (SBC, TPU, TPO, TPV, COPE, PEBA), End Use Industry (Automotive, Building & Construction, Footwear, Wire & Cable, Medical, Engineering), Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2026 , published by MarketsandMarkets, the global Thermoplastic Elastomers Market size is estimated to be USD 19.9 billion in 2021 and is projected to reach USD 26.3 billion by 2026, at a CAGR of 5.7% between 2021 and 2026.
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Marelli at Auto Shanghai 2021
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SAITAMA, Japan, April 21, 2021 /PRNewswire/ Marelli will be present for the first time at
Auto Shanghai 2021 since it formed from the integration of Calsonic Kansei and Magneti Marelli in 2019 to create a leading tier 1 under the new global brand MARELLI . At the 19
th Shanghai International Automobile Industry Exhibition Auto Show, taking place from April 19 to 28 at the Shanghai National Exhibition and Convention Center, Marelli presents its latest technologies at the company s booth, located in the
hall 1.2H, stand 5BF201.
Marelli booth at Auto Shanghai 2021 (PRNewsfoto/Marelli)
In its new, wider integrated footprint, Marelli has a significant presence in China, with 22 production sites and 8 R&D centers in 15 cities. With over 6,000 employees based across China, representing 10% of the Marelli work force, and a growing customer base achieved through organic growth as well as through its nine joint vent
Apr 19, 2021
Shanghai – Toyota Motor Corp. pioneered the world s most successful hybrid car, but when it comes to pure electric vehicles it has some catching up to do, especially in China.
The Hong Guang Mini EV, a tiny, no-frills car made by a General Motors joint venture that costs under $5,000 is a smash hit in the world s biggest car market while Toyota has yet to launch its own small, low-cost electric vehicle in China.
Toyota, the world s biggest carmaker, unveiled its solution at the Shanghai auto show on Monday: a new universal platform for electric vehicles (EVs) called e-TNGA that will underpin an array of models from small runarounds to large SUVs.
A tale of two carmakers: GM and Toyota take different electric roads in China standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.