The latest plastics research indicates that the global Thermoplastic Elastomers (TPE) market will reach a value of $14.96bn in 2013. The Thermoplastic Elastomers market is forecast to record continuous growth over the next decade as emerging market consumer’s increase their consumption of a variety of thermoplastic elastomer goods and new opportunities thermoplastic elastomers emerge through innovation and design, and the finding of new uses. Also as the automotive industry recovers and vehicle production increases in emerging economies, the demand for Thermoplastic Elastomers will increase.
The author of the Thermoplastic Elastomers (TPE) Market 2013-2023 report commented that ‘The growth in the Thermoplastic Elastomers market will be driven by the strength of the global automotive industry. The automotive industry is recovering globally; if it was not recovering Thermoplastic Elastomers would still continue to experience growth in the automotive industry. The automotive industry is continually trying to reduce vehicle weight and reduce vehicle emissions, Thermoplastic Elastomers help to provide part of the solution and thus why analysts believe the Thermoplastic Elastomers market will grow considerably. As more monomers for thermoplastic elastomers are developed and the numbers of uses continue to increase, the Thermoplastic Elastomers market will continue to grow. This is also evident in the medical industry as the use of Thermoplastic Elastomers is becoming more widespread and is thus going to cause robust growth in the Medical Thermoplastic Elastomers market.’
The 159 page report contains 134 tables, charts and graphs that add visual analysis in order to explain developing trends within the global thermoplastic elastomers market. This new report provides forecasts for the period 2013-2023 in terms of value (US$) for the global Thermoplastic Elastomers market, as well as for 12 submarkets of the Thermoplastic Elastomers market.