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Global Thermoplastic Copolyester Elastomer Market Insight February 15, 2022 Comments

The Thermoplastic Copolyester Elastomer (TPC-ET) is forecast to crazy increase over the next few years. According to the WK-chem Research “Global Thermoplastic Copolyester Elastomer Professional Survey Report 2022, Forecast to 2027”, With the rapid increase in the application of thermoplastic copolyester elastomer in the automotive industry., the Thermoplastic Copolyester Elastomer industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.88% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
Fluctuations in raw material prices are likely to adversely affect the thermoplastic copolyester elastomer market in the future. This can make it difficult for manufacturers to maintain regular supplies for use in various industries. The fluctuation of crude oil price structure directly affects the overall production cost of thermoplastic copolyester elastomer, said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. Additionally, price pressures are likely to worsen in the coming years as end-users increasingly prefer to forge global supplier relationships. This will provide better bargaining power for the end-use industry.
Market insight:
The growing consumer demand for lightweight vehicles has promoted innovation in the automotive industry. Therefore, it is a driving factor for the growth of the TPC-ET market. The growing population may lead to a surge in demand for cars. These materials are used in various applications in vehicles, such as automotive parts, hoses and pipes. The use of TPC-ET to manufacture light vehicles will create high demand and drive market growth. In addition, the rapid expansion of other industries such as construction, electrical and electronics will also support market growth.
Compared with traditional metals, thermosetting rubber and other materials, thermoplastic copolyester elastomer is used in electric vehicles due to its high-performance characteristics. Changing regulatory scenarios and government policies supporting electric vehicles support the growth of the thermoplastic copolyester elastomer market. Thanks to the incentives provided by the Green Recovery Fund. It is expected that the sales of electric vehicles will increase substantially in the next few years. Therefore, with the recovery of the automotive industry and the popularity of electric vehicles worldwide, it is expected that the demand for thermoplastic copolyester elastomer will increase during the forecast period.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Thermoplastic Copolyester Elastomer companies that include Dupont (US), DSM Engineering Plastics (NL), LG Chem. Ltd. (KR), Shinkong Group (TW), Celanese Corporation (US), Kolon Plastics (KR), Mitsubishi Chemicals (JP), Toyobo (JP), Radici Partecipazioni SpA (IT), SK Chemicals (KR), DIC Corporation (JP), Samyang Corporation (KR), Chang-Chung Group (TW), Teijin Limited (JP).
Segmentation of Thermoplastic Copolyester Elastomer (TPC-ET) Market:
The thermoplastic copolyester elastomer (TPC-ET) industry can be divided into industrial grade, pharmaceutical grade and food grade market segments. Thermoplastic copolyester elastomer is usually used in industries such as automobiles. Therefore, Industrial Grade products dominate the industry market. TPC-ET can be subdivided into automotive, construction and consumer goods industry markets according to applications. Among them, due to consumers’ pursuit of light vehicles and the rapid development of electric vehicles, Automotive occupies a major market share.
Thermoplastic Copolyester Elastomer (TPC-ET) Market: Regional Analysis
In terms of geography, the global Thermoplastic Copolyester Elastomer market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In terms of geography, the global thermoplastic copolyester elastomer market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region occupies a major market share, and the market in this region is driven by the recovery of the automotive industry in China, India and Southeast Asian countries. Global automakers are investing in the establishment of production plants in Asia-Pacific countries to increase their market share in the region. China is an important automotive market and the world’s largest consumer of TPC-ET. Focusing on the development of new energy vehicles (NEV) to reduce carbon footprint will boost China’s automotive industry, which will further increase the demand for TPC-ET during the forecast period.
Cagr: 4.88%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Industrial Grade, Pharmaceutical Grade and Food Grade
Application:Automotive, Construction and Consumer Goods
Leading Company:Dupont (US), DSM Engineering Plastics (NL), LG Chem. Ltd. (KR), Shinkong Group (TW), Celanese Corporation (US)