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Styrenic Thermoplastic Elastomer (TPS) Market is Expected to Witness Healthy Growth at 4.5% CAGR through 2031

Thermoplastic Copolyester Elastomers Market

According to recent Fact.MR’s analysis, the thermoplastic copolyester elastomers market grew moderately in 2018, with demand topping 170 thousand tonnes. The market for thermoplastic copolyester elastomers is expected to gain from larger improvements in the automobile industry, particularly the increased focus on fuel efficiency.

For the development of new high-temperature resistant air ducts, automotive manufacturers are progressively turning to thermoplastic copolyester elastomers. Manufacturers may now make air ducts out of a single material and using a single process thanks to thermoplastic copolyester elastomers. The focus on weight and cost reduction, as well as enhancing process efficiency, will continue to drive thermoplastic copolyester elastomer adoption in end-use industries.

Structure of the Market

The study examines the thermoplastic copolyester elastomers market segment by segment to uncover development possibilities in distinct areas.

The thermoplastic copolyester elastomers market is divided by application in this analysis. To provide a better knowledge of the market, this segment is further segmented into sub-segments.
The market is divided into Automotive Air Ducts, CVJ Boots, Medical, Electrical (wires & cables), Consumer products, Industrial, and Other applications based on application.

North America’s Thermoplastic Copolyester Elastomers Market Will Remain Lucrative

The automotive industry in North America is seeing an increase in demand for thermoplastic copolyester elastomers in the production of lightweight and fuel-efficient vehicles. Thermoplastic copolyester elastomers are widely used in the automotive industry to make hot charge air ducts and CVJ boots.

The market for thermoplastic copolyester elastomers in North America is predicted to exceed 60 thousand tonnes in 2018, according to a Fact.MR analysis. In North America, regulatory requirements in the automotive, medical, and consumer products industries are growing more demanding. This is boosting need for recyclable and flexible raw materials for these industries’ different products, resulting in increased demand for thermoplastic copolyester elastomers.

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