
The global thermoplastic elastomers (TPEs) market is estimated to have grown at a CAGR of 5.45% since 2012 to reach 4.24 million tonnes in 2017, even though it is an increasingly mature market. It is anticipated to witness a CAGR of 5.58% in the coming years to hit 5.53 million tonnes in 2022, according to a recent market report from Smithers Rapra.