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Dear Industry Expert ,
According to TMR Study, the value of the global thermoplastic elastomers market stood over US$20.6 billion in 2021, and the market is likely to rise at a CAGR of 6.3% during the forecast period, from 2022 to 2031. The study further predicts the TPEs market to attain a value of US$38 billion by 2031. Several end-use industries, including automotive, HVAC and medical, are expected to fuel growth in TPE demand.
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TPEs meet sustainability targets in complex applications
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In the race to meet market demand for environmentally conscious materials, the TPE market is embracing new sustainable options. Customised TPE solutions provide the right balance of performance, manufacturability and economics, and introducing sustainable content increases the complexity.
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COLORANTS
Supplier:Ngai Hing Hong Company Limited
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