Medieal devices come of age with TPEs

摘要

Market growth of TPEs In a report titled The Future Thermoplastic Elastomers to 2022 research firm Smithers Rapra estimates that the market has grown at a compound average rate (CAGR) of 5.45% from 2012-2017. The market is expected to grow at about the same rate for 2017-22, with a CAGR of 5.58%. The Asia-Pacific region will occupy an estimated 49.7% in 2017, and will likely grow to a market share of 25.5%. The NAFTA region is the second-largest market, but its estimated market share of 25.5% is expected to recede slightly to 24.5% by 2022. The European market share is third in line at 19.7% in 2017, but will likely fall to 17.8% in 2022. Meanwhile, the South American market is faring rather badly and will do so right up to 2022.