Asia Pacific thermoplastic elastomers (TPE) market is expected to reach USD 7.82 billion, according to a new report by Grand View Research, Inc. High rate of product utilization in automotive component production is expected to remain a key factor driving market growth over the next seven years. Favorable regulatory initiatives by environmental agencies to curtail carbon emission by improving fuel efficiency has compelled major automotive OEMs to adapt plastics as substitute to metals and alloys in various components.
http://www.grandviewresearch.com/industry-analysis/asia-pacific-thermoplastic-elastomers-tpe-market
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