PolyMax TPE, a custom TPE compounder and manufacturer of thermoplastic elastomers has announced a significant expansion of its production capacity, with an equipment investment of more than USD 1.5 million in July 2019. The company said that it is experiencing accelerated growth rates, exceeding forecasted figures, in response to high market demand for its custom TPE technologies and proven customer-centric service models. In addition to increased capabilities, the company will be adding additional employees to operate the new material production line.
TPE demand is not planned to slow down anytime soon, as new and current customer programs are forecasted to continue to increase. Applications in food packaging, automotive and industrial industries are the leading market segments that are predicted to propel growth. The promising projections in the TPE market has PolyMax TPE already planning their next expansion to match the expected rise.