Chemical

According to a market report by Lucintel, the future of the thermoplastic polyester elastomer market looks promising with opportunities in the automotive, electrical & electronic, industrial, medical, and consumer goods sectors. The global thermoplastic polyester elastomer market is expected to reach an estimated $2.0 billion by 2028 with a CAGR of 5.7% from 2023 to 2028. The major drivers for this market are increasing end use of thermoplastic polyester elastomer (TPEE) in lightweight automobile and wearable electronic markets, growing investment in the medical and healthcare facilities and rising trend of bio-based thermoplastic elastomers.



In this market, injection molding grade, extrusion molding grade, and blow molding grade are the major type segments. Lucintel forecasts that injection molding grade will remain the largest type segment over the forecast period as it can be easily recycled and remolded without negatively affecting its physical properties, thus making it an ideal material for injection molding.



Within this market, automotive is expected to remain the largest end use segment due to the increasing penetration of plastics in automotive components along with growing production of passenger cars across the globe.



APAC will remain the largest region due to significantly growing automotive, packaging, and electrical and electronics industries and availability of raw materials and labor at a lower cost in the region.

SABIC, DuPont, Teijin Plastics, BASF SE, Entec Polymers, Covestro, Celanese Corporation, LG Chemicals, Mitsubishi Engineering Plastics Corp, and Arkema are the major suppliers in the global thermoplastic polyester elastomer market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global thermoplastic polyester elastomer market by type, end use, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Thermoplastic Polyester Elastomer Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global thermoplastic polyester elastomer market by type, end use, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global thermoplastic polyester elastomer market by type (injection molding grade, extrusion molding grade, and blow molding grade), end use (automotive, electrical & electronics, industrial, medical, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?  

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?