Thermoplastic Elastomers Market - Forecast(2021 - 2026)
The global Thermoplastic Elastomers market is expected to grow at a highest growth rate in the forecast period. The global consumer demand is growing with CAGR of 2.8% from 2018-2023. Construction and transportation sector are the major driving factors of the Thermoplastic Elastomers market, as they consume two third of the global Thermoplastic Elastomers production. In the forecast period, developing economies will generate a huge demand for the Thermoplastic Elastomers market, due to increase in construction and infrastructural development. What is Thermoplastic Elastomers? Thermoplastic elastomers contain physical properties of both thermoplastics and rubber which makes them soft and flexible. Thermoplastic elastomers can be treated by general thermoplastic techniques for example extrusion, injection molding, and blow molding. Thermoplastic elastomers turn into plastic when exposed to heat and elastic as soon as it is cooled down. Thermoplastic elastomers is formed due to the physi...