Wednesday, December 19, 2007

TPE demand to rise 6.4% pa until 2011

Global demand for thermoplastic elastomers (TPEs) is forecast to grow by 6.4% pa through 2011 to 3.5 mln tons as per a report by Value gains will expand an even stronger 7.8% annually to US$13.7 bln over the same period, due to the increasing number of applications that require costlier types of TPEs and sustained high energy prices that will raise TPE production costs. China will expand its share of the world market from 31% in 2006 to 35% in 2011, although the US will remain the world's largest manufacturer of some products such as olefinic based TPEs.

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