Thermoplastic Elastomers (TPE) Market Expanding At USD 19.76 Billion By 2022 : Grand View Research Inc.
San Francisco, 4 October 2019: The Report Thermoplastic Elastomers (TPE) Market Analysis By Product (Styrenic Block Copolymers (SBC, SBS, SIS, HSBC), Thermoplastic Polyurethanes (TPU), Thermoplastic Polyolefins (TPO), Thermoplastic Vulcanizates (TPV), Copolyester Elastomers (COPE)), By Application (Automotive, Footwear, Construction, Medical, Electronics, Industrial, Advanced Materials) And Segment Forecasts To 2022 Global thermoplastic elastomers (TPE) market is expected to reach USD 19.76 billion by 2022, according to a new report by Grand View Research, Inc. High substitution rate of thermoplastic elastomers, such as TPU and TPO, as an alternative to ethylene propylene diene monomer (EPDM) in construction materials is expected to drive TPE demand over the forecast period. Growing demand for lightweight, high performance materials from automotive industry in order to improve fuel efficiency by reducing overall weight of automobiles is expected to fuel TPE demand over the fore