Thermoplastic polyester elastomer (TPEE), alternatively referred to as thermoplastic rubbers, belong to a class of copolymers. They are a mix of polymers that exhibit properties of both thermoplastics and elastomers. Demand for TPEE is following an exponential track, thanks to high dimensional stability and stiffness, among other properties.
Electrical and Electronics to Emerge Promising End-use Segment
Thermoplastic polyester elastomers are widely used in end-use industries such as electrical and electronics, automotive, consumer goods, and medical. Among these, automotive accounted for the dominant share in 2016. High usage of electronics and electrical devices, including safety belt tensioners, passenger airbags, and electric motor housings for seats and windows has escalated the adoption of these elastomers in the automotive sector. Advanced elastomers with improved hydrolytic stability are finding application in under-the-hood parts.
Thermoplastic polyester elastomer manufacturers are capitalizing on attractive avenues presented by the sector by increasing production of specialized products. For instance, ExxonMobil’s Wales specialty elastomers plant expansion will result in a 25 per cent hike in its total capacity to manufacture Santoprene thermoplastic vulcanizate (TPV). Santoprene TPV is a high-performance elastomer extensively used in industrial, automotive, and consumer electronics sectors.
The electrical and electronics segment will register a healthy CAGR between 2017 and 2025. Electronics and electrical component manufacturers are utilizing thermoplastic polyester elastomers in circuit breakers, connectors, switches, and housings in home appliances owing to their excellent electrical insulation properties.
Market Insights
According to Grand View Research Inc., the global thermoplastic polyester elastomer market is projected to post a CAGR of 4.9% from 2017 to 2025. With rapid growth of end-use industries such as construction, automotive, consumer goods, and electrical and electronics, the market is expected to rake in a healthy share of the revenue pie. Increasing research and development activities to upgrade existing elastomers will drive more investments in the market, thereby supplementing growth.
Asia Pacific will account for a large share in the market throughout the forecast horizon (2014–2025). The growth of the region can be attributed to increasing manufacturing capacities in emerging economies.
Some of the key players in the market are BASF, A. Schulman, SABIC, Ashland, and Mitsubishi Chemicals.
In-Depth Research Report On Thermoplastic Polyester Elastomer (TPEE) Market:
https://www.grandviewresearch.com/industry-analysis/thermoplastic-polyester-elastomer-tpee-market
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