Elastomer to increase its demand on global level in 2014

Elastomer, the thermoplastic of North America is highly in demand this year as it participated in good growth of the automotive sector. According to Robert Eller, the consultant, the rate of demand of this thermoplastic is greater than the last year now as it is doing better form economic point of view. When it comes upon discussion about the international market, China and India are the two countries where the product has shown its largest automotive potential. About 20 million new vehicles in these countries are efficient to create over 110 million pounds of new styrenic block copolymer demand within 10 years and thermoplastic vulcanizate.

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On the other hand, Europe is facing decrease in the demand of TPE due to declines car sales. Actually, the customer community in the country lost appetite of cars as Europe possesses super developed non auto transport system. Growth of copolyester is based upon the requirement of bioplastics and electronics so thermoplastic polyurethane resins and foam can check increased demand in this direction.

According to Eller, TPE substances can be simply employed for some potential applications such as encapsulation seals, air duct cuffs and heat resistant materials.