“Rising Adoption of Bio-based Thermoplastic Elastomer”
- One prominent trend in the global thermoplastic elastomers market is the rising adoption of bio-based thermoplastic elastomer
- This trend is driven by the increasing environmental regulations, growing consumer preference for sustainable materials, and heightened demand from industries seeking to reduce their carbon footprint
- For instance, companies such as Arkema and BASF are investing in the development of bio-based TPEs derived from renewable resources such as vegetable oils and starch-based feedstocks
- These materials are gaining traction in automotive, consumer goods, and medical applications due to their comparable performance, lower environmental impact, and potential for recyclability
- As industries worldwide prioritize green manufacturing and sustainable product design, the shift toward bio-based TPEs is expected to significantly influence innovation and long-term growth in the thermoplastic elastomers market
