In major industries there has been a major shift from PVC to thermoplastic elastomers which is expected to drive the market forward in the next 10 years. There is significant growth in the medical thermoplastic elastomers market expected in the next years because of the increase in demand for non-latex alternative products.

 

Thermoplastic elastomers are often used for medical applications requiring a PVC free or non-latex alternative. Thermoplastic elastomers have an added advantage in this field because they are cost effective as an alternative to silicone.

 

The global thermoplastic elastomers market will also continue to grow because of the increase in the amount of innovation in the end use of thermoplastic elastomers. More materials and uses are being found for TPEs which will continue to grow the market rapidly in the next 10 years. For example there have been many developments in the use of 'soft touch TPEs,' which are found in car interiors, razors, telephones and pens.

 

Thermoplastic elastomers are a very diverse material and their properties means they can be used in a number of products so end uses are numerous. This is why Visiongain believe the thermoplastic elastomers market is set to grow significantly in the next 10 years.

 

Visiongain has assessed that the global thermoplastic elastomers market in 2013 will reach $14.96 billion. What is the future of the thermoplastic elastomers market? Visiongain's comprehensive analysis contains highly quantitative content delivering solid conclusions benefiting your analysis and illustrates new opportunities and potential revenue streams helping you to remain competitive. This definitive report will benefit your decision making and help to direct your future business strategy. Contact Visiongain for more information.