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Report: Styrenic elastomers to lose out in growing TPEs market

Leatherhead, UK –  The global market for thermoplastic elastomers (TPEs) will grow at an annual rate of over 5% over the next five years, researchers at UK-based Smithers Pira have forecast.

The sector has expanded at a compound annual growth rate (CAGR) of 5.4% for since 2012 to reach 4.24 million tonnes in 2017, the firm estimated in a new study of the market.

And, despite its increasing maturity, the researchers expect expansion to continue at a rate of 5.5% across the next five years to hit 5.53…

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