AKRON, OHIO (Sept. 17, 8:55 a.m. ET) — Thermoplastic elastomers are growing, thanks to the automotive recovery, new soft-touch packaging and as a PVC substitute in the health-care industry, according to Robert Eller, a market analyst.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.