How Thermoplastic Elastomers Market Effect in Polymer Industry in Future

Global thermoplastic elastomers (TPE) market is expected to reach USD 19.76 billion by 2022, according to a new report by Grand View Research, Inc. High substitution rate of thermoplastic elastomers, such as TPU and TPO, as an alternative to ethylene propylene diene monomer (EPDM) in construction materials is expected to drive TPE demand over the forecast period. Growing demand for lightweight, high performance materials from automotive industry in order to improve fuel efficiency by reducing overall weight of automobiles is expected to fuel TPE demand over the forecast period. Volatile prices of key raw material such as styrene, propylene and polyurethane are expected to remain a key challenge for market participants.

SBC was the single largest product segment and accounted for 47.1% of total market volume in 2014. Increasing demand for SIS, particularly in China & India, in automotive applications is expected to drive the product segment growth over the next seven years. Paving & roofing was the leading application segment for SBC and accounted for almost 35% of the product volume in 2014.

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https://www.grandviewresearch.com/industry-analysis/thermoplastic-elastomers-market

Further key findings from the study suggest:

• Global thermoplastic elastomers market was 4.01 million tons in 2014 and is expected to grow at a CAGR of 4.8% from 2015 to 2022.
• Thermoplastic vulcanizates (TPV) is expected to witness the highest growth of 6.7% from 2015 to 2022. Increasing demand for specialty high performance plastics in automotive industry is expected to drive TPV demand.
• Asia Pacific was the largest regional market and accounted for over 40% of total consumption in 2014. The regional market is characterized by high industrial growth as a result of favorable government policies and monetary framework encouraging private investments in manufacturing sector. China and India are major TPE consumers are expected to grow exponentially over the forecast period. These two countries accounted for approximately 66% of the regional demand in 2014.
• North America was the leading TPO consumer and accounted for 35.5% of the product volume in 2014. Its increasing demand in industrial & construction applications is expected to drive the regional growth.
• Global TPE industry is moderately concentrated with top four companies accounting for over 45% of the overall market share in 2014. Major companies operating globally include Arkema, Bayer MaterialScience, Dynasol Elastomers, Evonik, Kraton and Dow Chemical Co.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-thermoplastic-elastomers-tpe-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

POS Terminals Market Holds Growth of $116.06 Billion By 2025

The global point-of-sale (POS) terminals market size is expected to reach USD 116.06 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 9.9% CAGR during the forecast period. Surge in demand for affordable wireless technologies and increasing demand for mobile POS terminals is anticipated to drive the overall market for POS terminals over the forecast period.

Introduction of chip-embedded payment cards and Personal Identification Number (PIN) has minimized security concerns relating to sensitive data theft, which is projected to drive the POS industry over the forecast period. Ubiquitous wireless connectivity, including Bluetooth, combined with availability of peripheral devices, card readers, scanners, mobile printers, and multiple platform support, is projected to drive demand over the forecast period.

In November 2016, the Indian government demonetized its economy by banning higher currency notes. It also launched the “Digital India” initiative in order to promote cashless economy and online transactions. Such changes have significantly boosted demand for POS terminals in India. Indian banks are trying to gain advantage of this demonetization by deploying large number of POS terminals in the market and providing schemes and discounts to customers in order to promote use of POS for transactions. Indian banks have surpassed the target of 1 million POS terminals post demonetization, thus supporting market growth.

There is a significant surge in demand for mPOS terminals owing to their portability and lower cost, which decreases retailers’ cost of operation and provides better reliability. These systems are now available in ultra-portable forms as well, wherein POS terminals of the size of a credit card are available in the market. Moreover, rapidly gaining popularity among end users who use their existing tablet/system as POS terminals through specialized software for their business is anticipated to fuel demand over the forecast period. These software help reduce operational cost of retailers by eliminating need to install separate hardware systems and fulfilling all the necessary needs of retailers from a POS terminal.

Cloud-based POS terminals are gaining traction mainly due to easy operation and data security that these terminals offer. Many companies are developing SaaS-based systems such as Toast, Touchbistro, and Springboard Retail in order to provide better user interface and functionality to end users.

These terminals have a range of applications, including inventory management, printing bills, payments, and carrying out loyalty programs, thus leading to increasing adoption across various end-use verticals. They offer efficient flow control, coupled with customer satisfaction, which is expected to favorably impact consumption.

To request a sample copy or view summary of this report: 
https://www.grandviewresearch.com/industry-analysis/point-of-sale-pos-terminals-market

Further key findings from the report suggest:

• The global POS terminals market accounted for USD 47.95 billion in 2016 and is expected to expand at a CAGR of 9.9% from 2017 to 2025
• Fixed POS emerged as the largest product segment in 2016 whereas mobile POS systems are projected to register a higher growth rate over the forecast period
• The POS terminals services segment is anticipated to witness the highest growth at a CAGR of 11.4% between 2017 and 2025
• North America held the largest share in the POS terminals market in 2016. On the other hand, government initiatives in countries such as India are expected to boost the market in Asia Pacific
• Key players in the market include VeriFone Systems Inc.; Cisco Systems Inc.; Ingenico Group; and Hewlett-Packard Inc.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-point-of-sale-terminals-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com