tpe injection molding
From internet research we found one major key trends in the usage of injection molding thermoplastics elastomers:
One of the major factors driving the market studied is the extensive demand from the automotive industry. Volatility in raw material prices and market saturation in applications are expected to hinder the growth of the market studied.
Increasing Demand from the Automotive and Transportation Industry
One of the major factors driving the market studied is the extensive demand from the automotive industry. Volatility in raw material prices and market saturation in applications are expected to hinder the growth of the market studied.
Increasing Demand from the Automotive and Transportation Industry
- Thermoplastics elastomers (TPE) are high-performance materials that are increasingly replacing standard plastics and traditional elastomers. About 40% of all TPE products, consumed worldwide, are used in vehicle manufacturing, especially in the automotive industry.
- Thermoplastic elastomers are primarily used in belts and hoses, bellows, gaskets, sound management inside the car, floors, and instrument panel skins. Moreover, outside the car, it can be used in tires (base tire, side walls, treads) and wire, cables, and coatings in almost all parts of the car.
- Owing to properties, such as lightweight, ease-of-processing, greater design freedom, versatility, and ability to be recycled, TPEs are predominantly used in the automotive and transportation industry. Therefore, the development of the automotive and transport industries, as well as their parts, components, and OEM suppliers, is an important indicator for the future TPE demand.
- High-performance thermoplastic elastomers offer manufacturers the advantages of design and comparable strength of steel, which help in reducing the overall weight and controlling greenhouse gasses emissions.
- Furthermore, factors, such as corrosion resistance and aesthetic appearance properties, are expected to positively influence the thermoplastic elastomers market growth in the automotive industry, during the forecast period.
