The need for thermoplastic elastomers in interiors, exteriors, sealing systems, and underhood components is anticipated to increase as a result of the rapidly expanding vehicle markets. The demand for high-performance, lightweight passenger cars among consumers has fueled plastic innovation in the Thermoplastic Elastomers Market. These elements have expanded the use of thermoplastics in the aforementioned application. Thermoplastic elastomers (TPEs) are preferred in terms of application since they have better physical and chemical characteristics than thermoset plastics. Over the projected period, it is anticipated that the high substitution rate of TPU and TPO for ethylene propylene diene monomer (EPDM) in construction materials will support global industry demand.
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