Ceresana Analyzes the Global Market for Thermoplastic Elastomers
CONSTANCE, Germany - Thermoplastic elastomers (TPE) are as elastic as rubber, but at the same time as easy to process as standard plastics. "TPE can be melted, repeatedly deformed and recycled," explains Oliver Kutsch, CEO of the market research institute Ceresana. "Therefore, thermoplastic elastomers are among the materials enjoying the most dynamic development. Spreading from the automotive industry, they increasingly replace conventional materials." According to a recent study by Ceresana, about $16.7 billion were generated with the sale of TPE on the world market in 2014. The market researchers forecast revenues to increase by, on average, 4.7% per annum until 2022. TPE are also interesting because they can be manufactured from renewable resources.