Maturity in some market segments, but the thermoplastic elastomers industry still has a fair amount of spring in its step. Patrick Raleigh reports
Global demand for thermoplastic elastomers (TPEs) will grow at an annual rate of 5.5% over the next five years to exceed 5,500 kilotonnes (kt) in 2022, according to recent research by UK-based Smithers Pira.
Over the five-year period, however, styrene-block-copolymer-based materials (TPS), which have long dominated the global TPEs market, are projected to gradually lose market share to other olefinic-based elastomer products.
“In 2022, TPS…