Thermoplastic Polyester Elastomer (TPEE) Market Forecasts to 2028 – Global Analysis By End User (Automotive, Industrial, Electrical & Electronics, Consumer Goods, Medical, Sports & Leisure, Building and Construction, Agriculture, Packaging, Oil & Gas, Communication, Entertainment) and By Geography
According to Stratistics MRC, the Global Thermoplastic Polyester Elastomer (TPEE) Market is accounted for $1.10 billion in 2020 and is expected to reach $1.93 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Factors such as rising expenditure on healthcare, increasing popularity of smart wearables, and growing automotive industry are driving the growth of the market. However, lack of awareness regarding the use of different grades of the product is hampering the growth of the market.
Thermoplastic polyester elastomer (TPEE) is a multiblock copolymer that contains materials with both thermoplastic and elastomeric properties. TPEE exhibits excellent anti-fatigue properties and high-temperature resistance. It also exhibits high impact resistance and good mechanical properties.
Based on the end user, the automotive segment is anticipated to expand at a rapid pace during the forecast period owing to the development of new grades of TPEE which has superior hydrolytic stability properties. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing production of vehicles and growing manufacturing sector in the region.
Some of the key players profiled in the Thermoplastic Polyester Elastomer (TPEE) Market include BASF SE, DuPont, DSM, Mitsubishi Chemical, LG Chemicals, A. Schulman, SK Chemicals, RadiciGroup, TOYOBO, Covestro, SABIC, Celanese Corporation, Ashland Inc, Teijin Plastics, Sunshine Plastics, and Taiwan Changchun.
Estimated Market Size in 2020:
USD 1.10 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1.93 billion
Tables, Graphs & Figures
Type, End User, Sales Channel, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Blow Molding Grade
• Injection Molding Grade
• Extrusion Grade
End Users Covered:
• Electrical & Electronics
• Consumer Goods
• Sports & Leisure
• Building and Construction
• Furniture and Bedding
• Oil & Gas
Sales Channels Covered:
• Direct Channel
• Distribution Channel
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Thermoplastic Polyester Elastomer (TPEE) Market is majorly driven by rising expenditure on healthcare, increasing popularity of smart wearables, and growing automotive industry.
The Electrical & Electronics segment is growing at a highest CAGR owing to the usage of TPEE in components such as circuit breakers and switches.
Asia Pacific dominated with a significant market share due to the factors such as the increasing production of vehicles and growing manufacturing sector in the region.
Europe market is growing at a highest CAGR owing to the stringent environmental regulations from various agencies which would result in the increased adoption of TPEE in various applications.
Key players in Thermoplastic Polyester Elastomer (TPEE) Market include BASF SE, DuPont, DSM, Mitsubishi Chemical, LG Chemicals, A. Schulman, SK Chemicals, RadiciGroup, TOYOBO, Covestro, SABIC, Celanese Corporation, Ashland Inc, Teijin Plastics, Sunshine Plastics, and Taiwan Changchun.
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