Thermoplastic Polyester Elastomer (TPEE) Market Size, Share, Overview and Market Value Forecast to 2025

Thermoplastic Polyester Elastomer (TPEE) Market Size, Share,
Overview and Market Value Forecast to 2025
“The Global Thermoplastic Polyester Elastomer (TPEE) Market is expected to
reach USD 1.49 billion by 2025, according to a new report by Hexa Reports.
Progress in plastics technologies & compounding or processing capabilities
are expected to complement industry growth.”
The Global Thermoplastic Polyester Elastomer (TPEE) Market is expected to reach USD 1.49 billion by 2025,
according to a new report by Hexa Reports. Progress in plastics technologies & compounding or processing
capabilities are expected to complement industry growth over the forecast period.
Thermoplastics polyester resins combine excellent electrical, mechanical, and thermal properties with high
dimensional stability & chemical resistance among other advantageous characteristics. Growing penetration of
bio-based feedstock from renewable resources such as biomass has had a significant impact on sustainable
consumption patterns in the market.
Significant growth in end-use industries such as automotive, construction, industrial manufacturing, electrical
& electronics, consumer goods and others in emerging economies is a major factor driving TPEE demand. The
value chain consists of raw material manufacturers producing ethylene, methacrylic acid and SBS rubber,
which are highly dependent upon crude oil supply and challenge suppliers.
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Increasing R&D activities by numerous companies involved in the production, distribution and recycling of
TPEE compounds are expected to drive investments in the market and boost growth. New entrants are likely
to be compelled to innovate in order to compete with existing multinational companies and gain a foothold in
the market.
Automotive emerged as the dominant end-use market with over 42% of the volume share in 2016. TPEE
materials that foster higher performance of components such as airbag accessories, lock assemblies, door
handle seals, silencer gears and others are anticipated to drive industry growth over the forecast period.
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Further key findings from the report suggest :
The global thermoplastic polyester elastomer market exceeded 230 kilo tons in 2016 and is expected to
grow at a CAGR of 4.9% from 2016 to 2025
Increasing consumer interest in miniaturized and 'smart' wearable electronics has driven TPEE
consumption in this segment. The electrical & electronics end-use market is likely to account for about
USD 290 million by 2025, growing at CAGR of 6.2% from 2017 to 2025.
Rising expenditure on healthcare and medical facilities is another driving factor with expanding
geriatric population across developed economies and numerous epidemic breakouts in recent years.
The compound is widely used in the production of medical devices, equipment and even surgical
instruments owing to its high safety features & sustainability.
The U.S. is anticipated to remain a major market in the industry on account of the high levels of
industrialization and concentrated large players present in the country
China is also anticipated to remain a dominant player with increasing investments in the region's
industries such as automotive, construction, medical and electronics. Rising disposable income is also
expected to play a key role in developed TPEE production capabilities as consumers invest higher levels
in advanced goods.
The industry is fragmented in nature with large multinationals occupying dominant position in the
market such as DuPont, A. Schulman, BASF, Ashland, Covestro, SABIC, Mitsubishi Chemicals and others.
Smaller to medium sized players occupy a relatively minor share with limited product portfolios and
presence.
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