TPEs: Universally Used and Globally Demanded
The global demand for TPEs is set to increase by approximately 6% per year to a projected 6 million metric tons in 2017. Continued product innovation is set to drive the rise of TPE use. This growth will certainly be aligned with the improved economic conditions in North America and Western Europe and the Asia and Pacific regions will continue to have strong demand. Other markets, including Africa and the Middle East, will also show increased demand through 2017. All markets will continue to grow as TPEs continue to replace other materials, such as PVC and other plastics, silicone, natural rubber, and even metals and wood.
TPE USES BY MARKETHow TPEs are used in American business
The many uses of Thermoplastics in American business
Thermoplastics have a wide variety of uses in modern industry and commerce. Their chemical formula is very adaptable so that they can be formulated to be used in a variety of applications. Since they are also recyclable, thermoplastics are perfect substances for manufacturers in the modern world.