Soft and flexible, yet easy and inexpensive to process: Thermoplastic elastomers (TPE) are elastic like rubber at room temperature, but can be melted and repeatedly molded like standard plastics. “Thermoplastic elastomers offer high strength and are robust; they can be welded watertight and colored in a variety of ways. In principle, TPEs can also be recycled,” explains Oliver Kutsch, CEO of the market research institute Ceresana: “These innovative materials are conquering more and more application areas. TPEs are also interesting because components can be made from renewable raw materials or combined with bioplastics.” This is the fourth time Ceresana has analyzed the global market for thermoplastic elastomers: By 2031, revenues generated with TPEs are expected to increase to almost USD 27 billion. However, growth will be driven not only by increasing demand, but also by price inflation.
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