The global thermoplastic polyester elastomer market is projected to reach $16.9 billion by 2028, at a CAGR of 6% during 2023-2028. The growth of thermoplastic polyester elastomer market is driven by increasing end use of thermoplastic polyester elastomer (TPEE) in lightweight automobile and wearable electronic markets, growing investment in medical and healthcare facilities, and rising trend of bio-based thermoplastic elastomers.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the 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 What are the business
risks and threats to the thermoplastic polyester elastomer market?
Q.4 What are some
changing demands of customers in the thermoplastic polyester elastomer market?
Q.5 What are the new
developments in the thermoplastic polyester elastomer market? Which companies
are leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this thermoplastic polyester elastomer
area and how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this thermoplastic polyester
elastomer market?
Market Segmentation:
Based on type, the
thermoplastic polyester elastomer market is segmented into njection molding
grade, extrusion molding grade, and blow molding grade. The injection molding
grade segment accounted for the largest share of the market in 2023 and is
expected to register the highest CAGR during 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.
APAC will remain the
largest region due to significantly growing automotive, packaging, and
electrical and electronics industries and the availability of raw materials and
labor at a lower cost in the region.
Key Players in the
thermoplastic polyester elastomer market are SABIC, DuPont, Teijin Plastics,
BASF SE, Entec Polymers, Covestro, Celanese Corporation, LG Chemicals,
Mitsubishi Engineering Plastics Corp, and Arkema.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It 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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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