Analysis of the Market Outlook for Thermoplastic Elastomers in 2018
Release date:
2020/08/08
Thermoplastic elastomers, also known as synthetic rubber or synthetic rubber, have the characteristics of high elasticity, aging resistance, and oil resistance of traditional vulcanized rubber, as well as the advantages of easy processing and diversified processing methods of ordinary plastics. Thermoplastic elastomer materials have a simple processing process, low processing costs, and can be reused, making them a new type of synthetic material that replaces traditional rubber. Its products are environmentally friendly, non-toxic, and also standard environmentally friendly materials.
Thermoplastic elastomers have the elasticity of ordinary rubber at room temperature and can be plasticized into elastomers at high temperatures. There are many types of thermoplastic elastomers, including styrene, polyolefin, polyurethane, polyester, etc. Its products have a wide range of applications, including daily necessities such as rubber shoes and tapes, adhesives, automotive parts, wires and cables, rubber hoses, coatings, and other industrial products. Except for not being able to manufacture inflatable tires, tire rubber products can be replaced by thermoplastic elastomers. Sixty percent of the consumption structure of thermoplastic elastomers (TPO/TPV) in China is used in the automotive industry, mainly for components such as bumpers, fenders, and instrument panels.
Thermoplastic elastomer is a material revolution in the elastomer industry, which is a new type of material between rubber and thermoplastic. It can not only replace some rubber, but also be used for plastic modification. And its processing is simple, without the need for hot vulcanization like rubber, it can be easily made into products using simple plastic processing machinery. It can shorten the production process of the rubber industry by 25%, save energy by 25-40%, and improve efficiency by 10-20 times.
Benefiting from the recovery of the global automotive industry, the market growth rate of thermoplastic elastomer TPE in the next five years may exceed that of the previous five years. It is expected that the annual demand for thermoplastic elastomers worldwide will reach 5.6 million tons in 2015, with an average annual growth rate of 6.3%. At that time, the demand in the Asia Pacific region will account for about half of the global total demand, and it will still be the largest TPE market in terms of scale. The average annual growth rate of TPE in China during the 12th Five Year Plan period will be lower than the 13.1% during the 11th Five Year Plan period, but it can still maintain a steady growth rate of around 8%, and the market prospects are very promising.
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