In 2023, the price trend of thermoplastic elastomer in Asia and Europe showed an upward trajectory with fluctuations, driven by increased demand from domestic and international markets. In North America, prices remained stagnant with a minor dip in January, influenced by rising raw material costs and consistent buyer consumption.
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Definition
Thermoplastic elastomers (TPEs) are a class of versatile materials that combine the characteristics of traditional thermoplastics and elastomers. They exhibit both elastic behavior and melt processability, making them unique in their ability to be repeatedly softened and reprocessed like thermoplastics while maintaining elastomeric properties like flexibility, resilience, and low-temperature performance. TPEs are composed of long-chain polymer molecules with segments of hard and soft blocks, imparting the elastomeric nature. They can be molded, extruded, and thermoformed using standard plastic processing methods, offering design flexibility and cost-effectiveness in various applications, including automotive components, consumer goods, medical devices, and more.
Key Details About the Thermoplastic Elastomer Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Thermoplastic Elastomer in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Thermoplastic Elastomer Price chart, including India Thermoplastic Elastomer price, USA Thermoplastic Elastomer price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Thermoplastic Elastomer Price Trend:
Thermoplastic elastomers (TPEs) find widespread industrial applications due to their unique properties. They are used as seals and gaskets in automotive and machinery industries due to their excellent sealing capabilities and resistance to chemicals and weathering. TPEs serve as soft grips and handles for various tools and equipment, offering comfort and slip resistance. In the footwear industry, TPEs are utilized for comfortable shoe soles and cushioning materials. Their flexibility and durability make them ideal for consumer goods like phone cases, sports equipment, and toys. Additionally, TPEs are employed in medical devices, electrical cable insulation, and automotive interior components, highlighting their versatility across multiple industries.
Key Players:
- Advanced Elastomer Systems L.P.
- Arkema S.A.
- BASF SE
- Bayer Material Science LLC
- China Petroleum and Chemical Corporation
- Dynasol Elastomers LLC
- Evonik Industries
- Nippon Polyurethane Industry Company Ltd
News and Recent Development:
Prism Worldwide introduced a groundbreaking thermoplastic elastomer (TPE) containing 50% post-consumer recycled content from end-of-use tires. This innovative TPE retains the appearance, texture, and processing capabilities of conventional petrochemically derived TPEs. The patented Prism technology used is compatible with both styrenic and olefinic based resins, making it a pioneering environmentally friendly alternative in the TPE market. (Dated: 5 June 2023)
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