According to Stratistics MRC, the Global Thermoplastic Polyester Elastomer (TPEE) Market is accounted for $1.10 billion in 2020 and is expected to reach $1.93 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Factors such as rising expenditure on healthcare, increasing popularity of smart wearables, and growing automotive industry are driving the growth of the market. However, lack of awareness regarding the use of different grades of the product is hampering the growth of the market.
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Based on the end user, the automotive segment is anticipated to expand at a rapid pace during the forecast period owing to the development of new grades of TPEE which has superior hydrolytic stability properties. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing production of vehicles and growing manufacturing sector in the region.
Some of the key players profiled in the Thermoplastic Polyester Elastomer (TPEE) Market include BASF SE, DuPont, DSM, Mitsubishi Chemical, LG Chemicals, A. Schulman, SK Chemicals, RadiciGroup, TOYOBO, Covestro, SABIC, Celanese Corporation, Ashland Inc, Teijin Plastics, Sunshine Plastics, and Taiwan Changchun.
Types Covered:
• Blow Molding Grade
• Injection Molding Grade
• Extrusion Grade
End Users Covered:
• Automotive
• Industrial
• Electrical & Electronics
• Consumer Goods
• Medical
• Sports & Leisure
• Building and Construction
• Furniture and Bedding
• Agriculture
• Packaging
• Oil & Gas
• Communication
• Entertainment
Sales Channels Covered:
• Direct Channel
• Distribution Channel
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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