Automobile lightweight to promote the demand for thermoplastic elastomer
U.S. market research firm GrandViewResearch (GVR) released the latest research report shows that in 2022 the global thermoplastic elastomer (TPE) market size is expected to reach $197.6.
The automobile industry is becoming more and more pursuit of lightweight, high performance attributes of materials, by reducing the overall weight of the car, achieve the goal of saving fuel, so as to promote sales of enterprise growth, the automotive industry to heat plastic elastomer in great demand will further promote the material growth. At the same time, styrene, propylene, polyurethane and other raw materials prices fluctuate greatly, which is also a great challenge for market participants.
The automobile industry is becoming more and more pursuit of lightweight, high performance attributes of materials, by reducing the overall weight of the car, achieve the goal of saving fuel, so as to promote sales of enterprise growth, the automotive industry to heat plastic elastomer in great demand will further promote the material growth. At the same time, styrene, propylene, polyurethane and other raw materials prices fluctuate greatly, which is also a great challenge for market participants.