Areas of growth exist for global TPE market

The global thermoplastic elastomer market is maturing in some sectors, but still has areas of growth, Some TPEs are viewed as commodities, and their growth is slowing. The structure for those TPEs is shifting because of price pressure and overcapacity and There’s saturation in some market sectors.

Use of thermoplastic polyolefins (TPOs) in auto bumper fascias and of thermoplastic polyurethanes (TPUs) and styrenic block copolymers (SBCs) in footwear are two TPE uses that are at the saturation point.

Uses of various TPEs for “soft touch” in sports, appliance, leisure and tool markets are areas that are mature and close to saturation.

TPEs still have many opportunities in the auto market.

Performance standards are changing, and that creates new opportunities. Thermoplastic vulcanizates and SBCs are challenging EPDM materials in auto glazing seals. TPEs also are moving into door seals and trunk seals. And even a basic market like floor mats presents a 300-million-pound opportunity for SBCs.

In the medical market, TPEs continue to see high growth despite early penetration. Prices for TPEs sold into medical applications can be two to three times higher than those sold into commodity applications. SBCs have been dominant in TPE medical uses, but copolyesters also have found a home in breathable films and gowns.

And although emerging market growth has slowed in recent years, China and India remain growth markets for TPEs.