The global market for thermoplastic elastomers (TPE) is projected to witness a significant surge in the growth rate in the coming years. The primary reason for driving this development in the market is the growing demand for top class performance and lower weighted material by the ever-growing automobile segment. Another vital driving factor responsible for the growth of the TPE market is the large scale adoption of thermoplastic elastomers in place of PVC by numerous end ... Read more
The global Thermoplastic Elastomers Market is estimated to be valued at US$25.2 billion in 2021 and is expected to exhibit a CAGR of 6.9% over the forecast period 2022-2030.
A) Market Overview:
Thermoplastic elastomers are versatile materials that have both the properties of rubber and plastic. These materials offer superior elasticity, flexibility, and recyclability, making them ideal for various applications in industries such as automotive, ... Read more
Market Overview: The global thermoplastic elastomers market is projected to reach a value of US$ 38.3 billion in 2022, growing at a CAGR of 6.9% during the forecast period of 2023-2030. Thermoplastic elastomers are a versatile class of materials that combine the functional properties of thermoplastics and elastomers, offering advantages such as recyclability, ease of processing, and excellent durability. With the growing demand for ... Read more
Thermoplastic elastomers (TPEs) are a class of polymers which are sensitive to heat. They can be reheated and reshaped after solidifying. Some major advantages of TPEs include easy processability, excellent elasticity, resistance to low temperatures and weathering, and attractive appearance. They are widely used in the automotive industry to manufacture parts requiring flexibility and elasticity such as seals, hoses, gaskets, and bumpers.
Thermoplastic elastomers are materials that have both the properties of Thermosets as well as elastomers. They are utilised across various end use industries like automotive, construction and footwear owing to their superior flexibility and resistance to degradation. In the automotive industry, these elastomers are used in manufacturing of interior and exterior automotive parts like weather seals, hoses, boots, belts and gaskets owing to their durable properties and design flexibility. ... Read more
