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The global TPE market size was USD 19.9 billion in 2021 and is projected to reach USD 26.3 billion by 2026, at a CAGR of 5.7% between 2021 and 2026.
Thermoplastic elastomers are a class of polymers having properties of both thermoplastics and elastomers. They are obtained by linking thermoplastics with elastomeric rubbers. Thermoplastic elastomers provide advantages of both plastics and rubber, and hence the new form created by their combination is adaptable in many applications. The high impact and tear strength of thermoplastic elastomers have increased their demand in the automotive and building & construction industries. Thermoplastic elastomers are recyclable, environment-friendly, and safe to use in medical and food packaging applications.
The production and sales of China’s new-energy vehicles continued to refresh the month’s record, with a total of 216,000 and 206,000 vehicles being produced and sold in April respectively, according to a report released by China Association of Automobile Manufacturers (CAAM) on Wednesday.
Press release content from Business Wire. The AP news staff was not involved in its creation.
The Worldwide TPE Industry is Expected to Reach $26.3 Billion by 2026 at a CAGR of 5.7% from 2021 - ResearchAndMarkets.com
May 10, 2021 GMT
DUBLIN (BUSINESS WIRE) May 10, 2021
The global TPE market size was USD 19.9 billion in 2021 and is projected to reach USD 26.3 billion by 2026, at a CAGR of 5.7% between 2021 and 2026.
Thermoplastic elastomers are a class of polymers having properties of both thermoplastics and elastomers. They are obtained by linking thermoplastics with elastomeric rubbers. Thermoplastic elastomers provide advantages of both plastics and rubber, and hence the new form created by their combination is adaptable in many applications. The high impact and tear strength of thermoplastic elastomers have increased their demand in the automotive and building & construction industries. Thermoplastic elastomers are recyclable, environment-friendly, and safe to use in medical
China’s Niok is betting on a Tesla challenge to exchange batteries
Chinese electric vehicle manufacturer Nio has pledged that changing batteries will play a key role in the challenge Tesla faces in the world’s largest car market, even after its US rivals have abandoned expensive technology.
Replacing the battery allows drivers to quickly charge another used battery at a specially equipped service station. In April, it partnered with New York-listed Nio-listed oil company Sinopec as part of plans to double the network of such stations across China this year.
Nio also plans to open battery exchange stations in Norway this year as part of its expansion into Europe.
A tale of two carmakers: GM and Toyota take different electric roads in China Today 05:45 am JST Today | 06:42 am JST SHANGHAI
Toyota pioneered the world s most successful hybrid car but when it comes to pure electric vehicles it has some catching up to do, especially in China.
The Hong Guang Mini EV, a tiny, no-frills car made by a General Motors joint venture that costs under $5,000 is a smash hit in the world s biggest car market while Toyota has yet to launch its own small, low-cost electric vehicle in China.
Toyota, the world s biggest carmaker, is set to unveil its solution at the Shanghai auto show on April 19: a new universal platform for electric vehicles (EVs) called e-TNGA that will underpin an array of models from small runarounds to large SUVs.