Thermoplastic Elastomers are flexible materials that can be stretched without irreversibly changing their shape. Thermoplastic elastomers are made by extruding, moulding, and injecting physical mixtures of polymers, usually plastic and elastic. In the automotive industry, it is used for a variety of things like airbags, anti-slip mats, window trims, cowl panels, spoilers, and seals and air duct components. The market for thermoplastic elastomers is anticipated to grow as a result of rising consumer spending on cars as well as rising demand for automobiles and auto parts.
Key Companies in the Thermoplastic Elastomer Industry:
1. DowDuPont Inc.
Éleuthère Irénée du Pont de Nemours, a French-American chemist and industrialist, founded the multinational chemical company DuPont de Nemours, Inc., or simply DuPont, in 1802.
Dow and DuPont will combine in an equal merger.
2. Arkema Group
A publicly traded, international producer of specialty materials, Arkema S.A. is based in Colombes, France, not far from Paris. Adhesives, advanced materials, and coatings are its three specialty materials segments (or divisions). Chemical intermediates are covered in a later section.
In partnership with "UN Women," Arkema is dedicated to advancing gender equality in the workplace.
3. Asahi Kasei Corporation
The multinational Japanese chemical company Asahi Kasei Corporation. Chemicals and materials science are two of its primary outputs. It was established in May 1931 using the paid-in capital of Nobeoka Ammonia Fiber Co., Ltd, a manufacturer of ammonia, nitric acid, and other chemicals with its headquarters in Nobeoka, Miyazaki.
At CES 2023, Asahi Kasei will present Diversified Innovations for Life and the AKXY2TM Concept Vehicle.
4. PolyOne Corporation
The Geon Company (Geon) and M.A. Hanna Company were consolidated to create PolyOne on August 31, 2000. (Hanna). PolyOne Corporation was created in 2000 as a result of the merger of the M.A. Hanna Company and The Geon Company.
5. Elastron Kimya SA
Since 1980, Elastron Kimya has devoted itself to the development, manufacture, distribution, and sale of thermoplastic elastomers (TPE). Elastron Kimya is one of the major global TPE suppliers to many industries, including automotive, construction, consumer, and electrical, with its TPV, SEBS, SBS, and TPO based series.
6. Kraton Corporation
Kraton creates, produces, and sells specialty polymers and biobased chemicals that are high-quality and improve people's lives all over the world.
7. Evonik Industries
German specialty chemicals company Evonik Industries AG is headquartered in Essen, North Rhine-Westphalia. It is one of the biggest specialty chemicals companies in the world and the second-largest chemicals company in Germany.
8. Covestro AG.
A variety of raw materials based on polyurethane and polycarbonate are produced by the German company Covestro AG. Products range from thermoplastic polyurethane and polycarbonate pellets to isocyanates and polyols for cellular foams, as well as polyurethane-based additives used in the creation of coatings and adhesives.
*Definition: The class of copolymers known as thermoplastic elastomers, also known as thermoplastic rubbers, is made up of materials with both thermoplastic and elastomeric properties.
