Study predicts steady growth in demand for TPEs

ERJ staff report (RPN)

Albany, New York – Global demand for thermoplastic elastomers should rise at a compound annual growth rate of 5 percent in volume and 6.4 percent in value in the 2012-2018 year period, according to a new market report covered by Rubber & Plastics News.

TPE consumption hit 3.48 million tonnes in 2011, and will increase to about 4.88 million tonnes by 2018, the study by Transparency Market Research said. The value of the market will rise from $9.9 billion in 2011 to $15.3…

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