Advances will be driven by ongoing displacement of traditional elastomers and thermoplastics, especially in motor vehicles where TPEs can reduce weight to help meet more stringent fuel economy standards.
The Asia-Pacific region is expected to be the fastest-growing market for marine adhesives.
The surging demand for waste reduction, recyclability, and low weight vehicles will stimulate Thermoplastic Elastomers Market significantly over the coming six years. TPE based products are prominently used in construction, medical, automobile, and footwear industries, which will fuel the global TPE industry trends significantly. According to Global Market Insights, Inc., “Worldwide (TPE) thermoplastic elastomers market share is anticipated to record a CAGR of more than 6% over the coming six years. The government is trying to reduce carbon and GHG emissions by applying stringent rules and regulations on plastic usage, which will, in turn, enhance TPE industry outlook.
The growing demand for superior adhesives in critical and complex applications is expected to fuel the growth of the high-performance adhesives market.
Global Market Study on Self-Adhesive Labels: Removable Labels Expected to Witness a Slump in Demand During 2016–2024
According to Persistence Market Research's report, the global market for self-adhesive labels, which is presently valued at nearly US$ 23,000 Mn, shall expand at 5.3% CAGR through 2024.
Hygiene Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
The consumption of thermoplastic elastomer in various consumer, medical, automotive, electronics, construction and industrial applications has been important for the growth of the Global Ultrasoft Thermoplastic Elastomer Market.
Thermoplastic Elastomers (TPE) Market Analysis By Product (Styrenic Block Copolymers (SBC, SBS, SIS, HSBC), Thermoplastic Polyurethanes (TPU), Thermoplastic Polyolefins (TPO), Thermoplastic Vulcanizates (TPV), Copolyester Elastomers (COPE)), By Application (Automotive, Footwear, Construction, Medical, Electronics, Industrial, Advanced Materials) And Segment Forecasts To 2022
The high demand of pressure-sensitive adhesives (PSAs) in the automotive, electronics and packaging materials industry is a major factor driving the growth of the global pressure sensitive adhesives market. Reduction of electronic devices, increased adoption of radio frequency identification (RFID) labels for better inventory management, increasing demand for low emission and light weight automotives, flexible packaging materials and low cost of PSAs are some of the major opportunities in the pressure sensitive adhesives market.
The new venture will be located at the company’s existing facility in Tallaght, where Henkel already has a significant manufacturing and R&D operatio