TPE will continue to grow at 5.5% in the next five years

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  • Time of issue:2019-09-06
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(Summary description)British Smithers Pira researchers predict that the global thermoplastic elastomer market (TPEs) will grow at a rate of 5% per year over the next five years. After conducting a new market study, the company expects to reach 4.24 million tons in 2017, achieving a compound growth rate (CAGR) of 5.4% since 2012. At the same time, despite the increasing maturity of researchers, researchers expect expansion in the next five years to remain at 5.5%, reaching 5.53 million tons. The styrenic block copolymer material (TPS), which has long dominated the global TPE market, is expected to gradually lose market share in other olefin-based elastomer products over the next five years. In 2022, TPS is still the most important thermoplastic elastomer, but this may not last for a long time. Due to its high price, it can be cross-linked to TPS, and the pipeline industry still lacks major technological development. In addition, the low entry barriers in the TPS market ensure overcapacity of this material in 2017-2022, especially in Asia, especially China. At present, the automotive industry is still the main terminal application of TPE. From 2012 to 2017, the average growth rate of the sector reached 5.9%, reaching 1.84 million tons, or 43.4% of the total market in 2017. The forecast for 2022 is 2.46 million tons of consumption, accounting for 44.4% of the market share and 6.0% compound annual growth rate. TPE demand in medical applications is also expected to see above-average growth in the future, and packaging is also less. Home appliances and household goods; construction; sports and leisure toys; the report pointed out that the growth rate of wire and cable is slightly below average, but still higher than regional GDP.

TPE will continue to grow at 5.5% in the next five years

(Summary description)British Smithers Pira researchers predict that the global thermoplastic elastomer market (TPEs) will grow at a rate of 5% per year over the next five years. After conducting a new market study, the company expects to reach 4.24 million tons in 2017, achieving a compound growth rate (CAGR) of 5.4% since 2012. At the same time, despite the increasing maturity of researchers, researchers expect expansion in the next five years to remain at 5.5%, reaching 5.53 million tons. The styrenic block copolymer material (TPS), which has long dominated the global TPE market, is expected to gradually lose market share in other olefin-based elastomer products over the next five years. In 2022, TPS is still the most important thermoplastic elastomer, but this may not last for a long time. Due to its high price, it can be cross-linked to TPS, and the pipeline industry still lacks major technological development. In addition, the low entry barriers in the TPS market ensure overcapacity of this material in 2017-2022, especially in Asia, especially China. At present, the automotive industry is still the main terminal application of TPE. From 2012 to 2017, the average growth rate of the sector reached 5.9%, reaching 1.84 million tons, or 43.4% of the total market in 2017. The forecast for 2022 is 2.46 million tons of consumption, accounting for 44.4% of the market share and 6.0% compound annual growth rate. TPE demand in medical applications is also expected to see above-average growth in the future, and packaging is also less. Home appliances and household goods; construction; sports and leisure toys; the report pointed out that the growth rate of wire and cable is slightly below average, but still higher than regional GDP.

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2019-09-06
  • Views:5
Information
British Smithers Pira researchers predict that the global thermoplastic elastomer market (TPEs) will grow at a rate of 5% per year over the next five years. After conducting a new market study, the company expects to reach 4.24 million tons in 2017, achieving a compound growth rate (CAGR) of 5.4% since 2012. At the same time, despite the increasing maturity of researchers, researchers expect expansion in the next five years to remain at 5.5%, reaching 5.53 million tons.
 
  
 
  The styrenic block copolymer material (TPS), which has long dominated the global TPE market, is expected to gradually lose market share in other olefin-based elastomer products over the next five years. In 2022, TPS is still the most important thermoplastic elastomer, but this may not last for a long time. Due to its high price, it can be cross-linked to TPS, and the pipeline industry still lacks major technological development. In addition, the low entry barriers in the TPS market ensure overcapacity of this material in 2017-2022, especially in Asia, especially China.
 
 
 
  At present, the automotive industry is still the main terminal application of TPE. From 2012 to 2017, the average growth rate of the sector reached 5.9%, reaching 1.84 million tons, or 43.4% of the total market in 2017. The forecast for 2022 is 2.46 million tons of consumption, accounting for 44.4% of the market share and 6.0% compound annual growth rate. TPE demand in medical applications is also expected to see above-average growth in the future, and packaging is also less. Home appliances and household goods; construction; sports and leisure toys; The report pointed out that the growth rate of wire and cable is slightly below average, but still higher than regional GDP.

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