Global Thermoplastic Polyester Elastomer Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Thermoplastic Polyester Elastomer Market Overview

"The Thermoplastic Polyester Elastomer Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.

Thermoplastic polyester elastomer molding is a multi-block copolymer built up from short crystalline hard and long flexible segments. The thermoplastic polyester elastomer is strong, flexible, resistant to hydrocarbons and other fluids, and can be easily processed through thermoplastic processes such as rotational molding, injection molding, extraction, and calendaring.

On the basis of application, the automotive segment is expected to hold a major revenue share in the global target market and is expected to maintain dominance for the next ten years. Growing demand for automobiles in emerging economies such as India, China, Brazil, and Indonesia owing to increasing population and rapid urbanization is expected to support revenue growth of the segment over the forecast period.

Asia Pacific market is estimated to hold a major revenue share in the global thermoplastic polyester elastomer market and is expected to maintain its dominance over the forecast period.  The growth of the thermoplastic polyester elastomer market in the region is attributed to the growing automotive and packaging industries in the region.

The growing healthcare industry in the region is expected to boost demand for medical devices and in turn expected to support revenue growth of the Asia Pacific thermoplastic polyester elastomer market. The Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively.

Moreover, the presence of a large number of thermoplastic polyester elastomer manufacturers in the region is expected to drive revenue growth in the thermoplastic polyester elastomer market in the Asia Pacific.

Market segmentation and key players operating in the global thermoplastic polyester elastomer market:

By application:

• Automotive
• Electrical & Electronics
• Industrial
• Packaging
• Consumer goods
• Medical
• Others (footwear and sports equipment)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa