France Thermoplastic Elastomers Market Size & Outlook
France thermoplastic elastomers market, 2018-2030 (US$M)
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France thermoplastic elastomers market highlights
- The France thermoplastic elastomers market generated a revenue of USD 713.1 million in 2023 and is expected to reach USD 1,078.0 million by 2030.
- The France market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
Thermoplastic elastomers market data book summary
| Market revenue in 2023 | USD 713.1 million |
| Market revenue in 2030 | USD 1,078.0 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Industrial |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Electrical & Electronics, Industrial, Medical, Consumer Goods |
| Key market players worldwide | Basf SE, Arkema SA, DuPont de Nemours Inc, Covestro AG, China Petrochemical Development, Dynasol Group, Ems-Chemie Holding AG, Evonik Industries AG, LG Chem, LCY Chemical, The Lubrizol Corp, LyondellBasell Industries NV Class A, Tosoh Corp, Avient Corp, Teknor Apex, Dow Chemical, TSRC,Inc/dba Frank Parsons Co |
Other key industry trends
- In terms of revenue, France accounted for 2.8% of the global thermoplastic elastomers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany thermoplastic elastomers market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 1,078.0 million by 2030.
Automotive was the largest segment with a revenue share of 39.15% in 2023. Horizon Databook has segmented the France thermoplastic elastomers market based on automotive, electrical & electronics, industrial, medical, consumer goods covering the revenue growth of each sub-segment from 2018 to 2030.
France is increasingly prioritizing green energy to replace its existing coal power plants, which is in line with governmental initiatives aimed at achieving net-zero emission goals. Targeting a 55% reduction in greenhouse gas emissions by 2030, France is driving significant changes in its energy landscape.
In November 2023, France made a notable advancement by granting contracts to 54 onshore wind projects in its latest tender, exceeding the target capacity of 925 MW with a total of 931.31 MW. TPEs, recognized for their durability, flexibility, and resistance to extreme weather conditions, are increasingly being utilized in wind power generation, particularly in electronic applications.
They are used in the insulation of wires & cables, protective coatings for electronic components, and flexible connectors in wind turbines. This trend is enhancing the efficiency, reliability, and longevity of wind energy systems. Furthermore, the demand for TPEs is expected to grow with the rising demand for sustainable energy solutions.
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Thermoplastic Elastomers Market Scope
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France thermoplastic elastomers market size, by application, 2018-2030 (US$M)
France Thermoplastic Elastomers Market Outlook Share, 2023 & 2030 (US$M)
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