Study predicts steady demand growth for TPEs

RUBBER & PLASTICS NEWS

Published: January 30, 2013 12:58 pm ET
Updated: January 30, 2013 1:00 pm ET

Related to this story

Topics Materials, Materials Suppliers

ALBANY, N.Y. -- Global demand for thermoplastic elastomers should rise at a compound annual growth rate of 5 percent in volume and 6.4 percent in value in the 2012-2018 year period, according to a new market report.

TPE consumption hit 3.48 million metric tons in 2011, and will increase to about 4.88 million tons by 2018, the study by Transparency Market Research said. The value of the market will rise from $9.9 billion in 2011 to $15.3 billion by 2018.

The study said styrenic block copolymers are the largest segment of TPEs, about 48 percent of the total in 2011. Used primarily for paving, roofing and in footwear, demand is expected to remain stagnant during the next five years as the market nears maturity.

Thermoplastic vulcanizates are forecast to be the fast-growing TPE product, with demand for the material rising at an annualized rate of 6.6 percent to 2018.

TPEs growth is fueled by increasing demand for lightweight and high-performance materials in the automobile industry. The shift toward replacing PVC with TPEs by major end use industries also is expected to drive TPE demand over the next five years, Transparency Market Research said.

The company warns the volatile nature of raw material prices and the regulatory issues caused by growing environmental concerns are expected to hinder TPE market growth.


Comments

Study predicts steady demand growth for TPEs

RUBBER & PLASTICS NEWS

Published: January 30, 2013 12:58 pm ET
Updated: January 30, 2013 1:00 pm ET

Post Your Comments


Back to story


More stories

Image

Best Places To Work: No. 6, Colors For Plastics

March 4, 2015 12:35 pm ET

Colors For Plastics, which now employs 115 people, started with one man who handled everything.    More

Image

Ineos to combine ABS unit with Styrolution in Americas

March 4, 2015 10:03 am ET

Global materials firm Ineos Group will combine its ABS resin business with its Styrolution unit in the Americas.    More

Image

Obituary: Guido Ghisolfi, PET company executive

March 4, 2015 9:47 am ET

Guido Ghisolfi — a top executive with global PET resin leader Mossi & Ghisolfi Group — has died from an apparent suicide.    More

Image

Bayer to stop MDI production in Brazil

March 4, 2015 9:21 am ET

Bayer AG's Bayer MaterialScience plans to stop production of MDI polyurethane at its plant near Rio de Janeiro in July, removing 55 metric tons per...    More

Image

Best Places To Work: No. 3, Sun Plastech Inc.

March 3, 2015 2:25 pm ET

Sun Plastech Inc., No. 3 on Plastics News' Best Places to Work ranking, offers so many interesting benefits and perks, it's hard to know where to star...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events