thermoplastic elastomers market share 2020 Trends, Growth Opportunities, Industry Revenue and Business Analysis by Forecast – 2030
thermoplastic elastomers market share The global Thermoplastic Elastomer Market is projected to reach USD 35 Billion by 2030, exhibiting a CAGR of 8.5% during the forecast period (2022-2030). Market Scope The global Thermoplastic Elastomers Market is poised to touch a skyrocketing valuation by 2023 due to easy production methods of TPEs and its recyclable nature. The increasing demand for TPEs in the automotive industry can drive its market demand exponentially. TPEs are used in mudguard components, side bumpers, fuel line coverings, door handles, door weather strips, and vents. They are used to reduce the weight of vehicles to lower carbon emissions. Environmental regulations on carbon emissions can also influence the global market demand. The electrical and electronics industry is expected to prosper due to the flexible properties of TPE. For instance, KRAIBURG has launched a series of TPE compounds for white goods with different adhesion properties. It has rubber-like ela