East and South Asian Region to Significantly Contribute to the Santoprene Industry Growth
The growth of the santoprene industry is likely to be aided by the East and South Asian regions due to the presence of numerous automobile manufacturers as well as automotive parts manufacturers in the regions. The rising disposable incomes, as well as the ongoing trend in the regions of rising car purchases, are expected to contribute to the growth of the market in the regions. Europe is also a major regional market for santoprene due to the presence of numerous key players in the region. North America will also play a significant role in the santoprene industry's growth as the region is one of the world's leading suppliers of domestic consumer products.Santoprene: Market Segmentation
Santoprene is a thermoplastic elastomer (TPE) with a high efficiency. It is essentially an elastomer of high performance that shows the characteristics of rubber and facilitates plastics processing.Market Breakup by Type of Constituent Polymer
- Polypropylene
- Polyolefins
- Polyacrylate Rubber
- Butadiene Rubber
- Others
Market Breakup by Method of Production
- Injection Moulding
- Extrusion
- Flame Retardant
- Bonding
- Compression Moulding
- Blow Moulding
- Others
Market Breakup by End Use
- Automotive
- Construction
- Household Appliances
- Electrical Components
- Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Rising Demand from the Automobile and Construction Industries to Bolster the Market Growth
The market growth is primarily being driven by the rising demand for automobiles triggered by the rising disposable incomes of the consumers. As a result of the rapidly rising population and their increasing purchasing power, the demand for passenger cars is constantly growing, driving the santoprene industry further. The applications of santoprene are also on the rise due to the rising demand for easy maintenance and superior engine performance that can help reduce the weight of automobiles by employing alternative materials to manufacture bulky parts.The construction sector is also witnessing a strong growth as the number of residential, commercial, and infrastructural projects in developed and developing countries across the globe increases. It will also help to boost the santoprene industry growth due to the rising investments in phasing out old structures and creating new infrastructures in order to meet changing demands.
Key Industry Players in the Global Santoprene Market
The report gives a detailed analysis of the following key players in the global santoprene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Exxon Mobil Corporation
- Sherwood Industries, Inc.
- Kent Elastomer Products, Inc.
- Canada Rubber Group, Inc.
- Others
Santoprene Market Snapshots
Santoprene Market Size
Santoprene Market Growth
Santoprene Companies
Table of Contents
Companies Mentioned
The key companies featured in this Santoprene market report include:- Exxon Mobil Corporation
- Sherwood Industries, Inc.
- Kent Elastomer Products, Inc.
- Canada Rubber Group, Inc.