Freedonia In The News
Article Title: GLOBAL TPE MARKET
Publication: Plasteurope, 10/14/2011
Freedonia Study: World Thermoplastic Elastomers (TPEs) (2803)
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Worldwide demand for thermoplastic elastomers (TPEs) is forecast to rise 6.3% annually, reaching 5.6m t in 2015, according to a recently published study, “World thermoplastic elastomers”, from US market research group Freedonia (Cleveland, Ohio; www.freedoniagroup.com). Demand gains have increased since the 2005 to 2010 period, representing rising levels of motor vehicle production, the largest market for TPEs and accounting for 30% of consumption, rebounds in the US and western Europe and further efforts to reduce vehicle weights. Advances will also be fuelled by the increasing use of TPEs in new applications in developing countries.
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