Thermoplastic Polyester Elastomer Market Expected to Cross USD 1.49 Billion by 2025

Progress in plastics technologies & compounding or processing capabilities are expected to complement industry growth over the forecast period. The Global Thermoplastic Polyester Elastomer (TPEE) Market is expected to reach USD 1.49 billion by 2025, according to a new report by Grand View Research, Inc.

Thermoplastics polyester resins combine excellent electrical, mechanical, and thermal properties with high dimensional stability & chemical resistance among other advantageous characteristics. Growing penetration of bio-based feedstock from renewable resources such as biomass has had a significant impact on sustainable consumption patterns in the market.

Significant growth in end-use industries such as automotive, construction, industrial manufacturing, electrical & electronics, consumer goods and others in emerging economies is a major factor driving TPEE demand. The value chain consists of raw material manufacturers producing ethylene, methacrylic acid and SBS rubber, which are highly dependent upon crude oil supply and challenge suppliers.

Increasing R&D activities by numerous companies involved in the production, distribution and recycling of TPEE compounds are expected to drive investments in the market and boost growth. New entrants are likely to be compelled to innovate in order to compete with existing multinational companies and gain a foothold in the market.

Automotive emerged as the dominant end-use market with over 42% of the volume share in 2016. TPEE materials that foster higher performance of components such as airbag accessories, lock assemblies, door handle seals, silencer gears and others are anticipated to drive industry growth over the forecast period.

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Rising expenditure on healthcare and medical facilities is another driving factor with expanding geriatric population across developed economies and numerous epidemic breakouts in recent years. The compound is widely used in the production of medical devices, equipment and even surgical instruments owing to its high safety features & sustainability.

Top Players of Thermoplastic Polyester Elastomer (TPEE) Market:

The industry is fragmented in nature with large multinationals occupying dominant position in the market such as DuPont, A. Schulman, BASF, Ashland, Covestro, SABIC, Mitsubishi Chemicals and others.

Market Segmentation of Thermoplastic Polyester Elastomer (TPEE) Market:

The Global Thermoplastic Polyester Elastomer (TPEE) Market on the basis of End-Use, and Region.

By End-Use:

    Automotive
    Electrical & Electronics
    Industrial
    Medical Devices
    Consumer Goods

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

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