The global market for thermoplastic elastomers (TPEs) is forecast to reach 7.0 million metric tons in 2024 as penetration continues to expand in both developing and developed parts of the world.
Once developed, suppliers and governments will face an incredible logistics challenge - manufacturing, distributing, and dispensing - the vaccine for hundreds of millions if not billions of people.
Global demand is expected to rebound in 2021 about as quickly as it’s projected to fall in 2020 as economies reopen around the world. The near-term impact will vary by market.