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Increasing demand for TPE is expected for the next five years

28 May, 2019

The global market for thermoplastics grew 4.2% in 2018

TSRC Corporation Senior Vice President of Advanced Materials Division, Hendrick Lam, assured that the global TPE market maintains accelerated growth and momentum is expected to continue through 2024.

As the manager refers, to face the increasingly demanding challenges, the company pays attention to manufacturing capacity and delivery times that facilitate manufacturing.

Regarding economic expectations, despite the conservative atmosphere in financial institutions, he pointed out: “Although the IMF (International Monetary Fund) reduced the forecast for world GDP growth to 3.3%, regardless of trade conflicts with the United States raised that of China to 6.2% ”.

On May 21-24, TSRC will present Vector 8101 at Chinaplas 2019, a solution designed for the medical industry as a sustainable alternative. This innovation can be used in applications such as syringe plunger tips, closures and caps.

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