GLOBAL POST INDUSTRIAL RECYCLED TPE MARKET

INTRODUCTION

Heavy vehicles, train coaches, and numerous automotive components are all made with thermoplastic composite materials. These materials are lightweight and aid in lightening the weight of cars, which lowers CO2 emissions and improves fuel efficiency, allowing automakers to satisfy CAFÉ emission limits and other fuel standards imposed by environmental organisations.

One of the factors propelling the thermoplastic composites market is the rise in the use of thermoplastic composite materials in racing and high-performance vehicle components, such as instrumental panels, front end modules, door modules, roof components, appearance grade components, and under-hood components.

POST INDUSTRIAL RECYCLED TPE MARKET DEVELOPMENTS AND INNOVATIONS

Due to its strong resilience, abrasion, tear, cool temperature resistance, and waterproofness features, it is widely utilised in the automobile, aerospace, and railroad industries. Increased consumer demand for high-quality healthcare items along with stringent regulations may enhance market share for thermoplastic elastomers.

They are frequently utilised in the production of high-quality medical hospital equipment, including grips, tubing, catheters, surgical instruments, vial closures, and monitoring patches, due to their affordability, flexibility, slip resistance, and shock absorption, all of which may boost product demand.

Increased urbanisation and increasing demand for SUVs and sedans are likely to be accompanied by favourable government policies and norms on export and import trade laws, fuel-upgrading processes for commercial trucks, and pollution standards, particularly in India, China, Indonesia, and Thailand.

COMPETITIVE LANDSCAPE

The interconnectedness of the world economy has increased significantly in recent years. An increase in unemployment rates, reduced demand for imported goods and services, and disruptions inside the global supply chain are only a few of the negative effects of the COVID-19 containment measures that have been taken.

Due to historically low interest rates, significant drops in equity and commodity prices, and heightened risk aversion, the financial market has become more volatile. 

Kraiburg TPE is a leading mobiliser of the equipment in the market. The latest integration has been the easy integration into the intended market segment is made possible by a broad hardness range coupled with outstanding product performance.

Interior post-industrial recycled TPE grades give the automotive market a dependable and sustainable alternative to solutions using virgin materials, contributing to meeting recycling rates and helping to reduce the carbon footprint of products for automobile interiors.

Hexpol TPE is part of the component manufacture trending companies in the current industry. The Dryflex Circular TPEs for Automotive meet common OEM requirements. In addition, the Dryflex Circular line is divided into various series according on the source of the recycled material.

This clarifies the origin of the material and provides answers to inquiries concerning the factors taken into account when recycled content claims are made. The waste produced by homes, businesses, industries, and institutions acting as a product's last users and that is no longer suitable for the product's intended use.

COMPANIES PROFILED

• Hexpol
• Kraiburg TPE
• LG Chemicals
• BASF
• Covestro AG
• Arkema S.A.
• Cabot Corporation
• EMS Group
• Evonik Industries
• Kraton Performance Polymers
• Lubrizol Corporation