Thermoplastic Polyester Elastomer (TPE-E) Market Size (2024 - 2029)

The thermoplastic polyester elastomer market is projected to experience growth over the forecast period, driven by increasing demand from the automotive sector and rising investments in healthcare and medical facilities. Despite the high cost of thermoplastic polyester elastomer posing a challenge, the market is expected to benefit from emerging opportunities in bio-based alternatives. The Asia-Pacific region is anticipated to see significant expansion due to the substantial demand in automotive production and the burgeoning medical industry in countries like China, Japan, and other Southeast Asian nations.

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Market Size of Thermoplastic Polyester Elastomer (TPE-E) Industry

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Thermoplastic Polyester Elastomer Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 4.38 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Thermoplastic Polyester Elastomer Market Major Payers

*Disclaimer: Major Players sorted in no particular order

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Thermoplastic Polyester Elastomer (TPE-E) Market Analysis

The Thermoplastic Polyester Elastomer Market size is estimated at 142.16 kilotons in 2024, and is expected to reach 176.14 kilotons by 2029, growing at a CAGR of 4.38% during the forecast period (2024-2029).

The market was negatively impacted by COVID-19 in 2020. The pandemic had a severe impact on the automotive industry, including manufacturing interruptions and disruption in the supply chain across the globe, thereby negatively affecting the market. However, the market recovered steadily, owing to the increased growth of the automotive industry in 2021.

  • Over the short term, growing demand from the automotive industry, coupled with growing expenditure on healthcare and medical facilities, are major factors driving the growth of the market studied.
  • However, the high cost of thermoplastic polyester elastomer is a key factor anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the emerging market for bio-based thermoplastic polyester elastomer is likely to create lucrative growth opportunities for the global market soon.
  • Asia-Pacific is estimated to witness healthy growth over the assessment period in the studied market due to the high demand for thermoplastic polyester elastomer (TPE-E) in China, Japan, and other Southeast Asian countries owing to continuous and rising usage of TPEE in automotive production, coupled with the growing medical industry.

Thermoplastic Polyester Elastomer (TPE-E) Industry Segmentation

Thermoplastic polyester elastomer (TPE-E) combines toughness, resilience, impact, creep and tear resistance, fatigue resistance, chemical resistance, and high and low-temperature performance. It can be processed by injection molding and extrusion methods. Typical applications include hose and tube, gaskets, animal tags, hose fittings, cables, trampoline fabric, furniture, automotive components, and specialty fibers. The thermoplastic polyester elastomer (TPE-E) market is segmented by type, end-user industries, and geography. By type, the market is segmented into injection molding grades, extrusion grades, and other types. By end-user industries, the market is segmented into automotive, healthcare, industrial, electrical and electronics, consumer goods, and other end-user industries. The report also covers the market size and forecasts for the thermoplastic polyester elastomer (TPE-E) market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

Type
Injection Molding Grade
Extrusion Grade
Other Types
End-user Industry
Automotive
Healthcare
Industrial
Electrical and Electronics
Consumer Goods
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Thermoplastic Polyester Elastomer (TPE-E) Market Size Summary

The thermoplastic polyester elastomer market is poised for steady growth over the forecast period, driven primarily by increasing demand from the automotive and healthcare sectors. These high-performance materials are gaining traction in the automotive industry due to their durability, lightweight, and cost-effectiveness, making them ideal for various vehicle components. The market experienced a setback during the COVID-19 pandemic, which disrupted supply chains and manufacturing processes, but has since shown resilience with the recovery of the automotive industry. Despite the high cost of thermoplastic polyester elastomers posing a challenge, the emergence of bio-based alternatives presents promising opportunities for market expansion.

Asia-Pacific is expected to be a dominant region in the thermoplastic polyester elastomer market, with significant contributions from China and India. China's robust automotive production and well-established industrial sector, coupled with its growing electronics market, are key factors driving demand. Similarly, India's industrial growth and government initiatives to boost manufacturing are expected to enhance market prospects. The global market is characterized by consolidation, with major players like Dupont, Celanese Corporation, and LG Chem focusing on research and development, acquisitions, and collaborations to strengthen their market presence. These strategic moves are aimed at tapping into new markets and expanding their foothold, particularly in Asia.

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Thermoplastic Polyester Elastomer (TPE-E) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand From the Automotive Industry

      2. 1.1.2 Growing Expenditure on Healthcare And Medical Facilities

    2. 1.2 Restraints

      1. 1.2.1 High Cost of Thermoplastic Polyester Elastomer

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Type

      1. 2.1.1 Injection Molding Grade

      2. 2.1.2 Extrusion Grade

      3. 2.1.3 Other Types

    2. 2.2 End-user Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Healthcare

      3. 2.2.3 Industrial

      4. 2.2.4 Electrical and Electronics

      5. 2.2.5 Consumer Goods

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East & Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East & Africa

Thermoplastic Polyester Elastomer (TPE-E) Market Size FAQs

The Thermoplastic Polyester Elastomer (TPE-E) Market size is expected to reach 142.16 kilotons in 2024 and grow at a CAGR of 4.38% to reach 176.14 kilotons by 2029.

In 2024, the Thermoplastic Polyester Elastomer (TPE-E) Market size is expected to reach 142.16 kilotons.

TPE-E Market Report Snapshots

Thermoplastic Polyester Elastomer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)