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Thermoplastic Copolyester Elastomers Market: Introduction

  • Thermoplastic copolyester elastomers are a class of thermoplastic elastomers that combine many of the properties of both thermoplastics and rubbers. Thermoplastic copolyester elastomers are high-performance engineering materials with thermoplastic behavior and structural strength. They exhibit elasticity and resistance to impact and flex fatigue.
  • At low strains, they have low hysteresis and behave akin to a perfect spring with ideal elasticity. Additionally, these materials possess excellent resistance to oils and chemicals and have high service temperatures.
  • Thermoplastic copolyester elastomers have replaced other materials such as metal and general rubbers. They are also expected to replace composites of rubber with metal, glass, and fabrics without reinforcement.
  • Along with the automotive industry, thermoplastic copolyester elastomers are also used in industries such as building & construction, footwear, engineering, medicals, and wires & cables

Key Drivers of Thermoplastic Copolyester Elastomers Market

  • Increase in application of thermoplastic copolyester elastomers in the automotive industry is expected to boost the thermoplastic copolyester elastomers market during the forecast period. Thermoplastic copolyester elastomers are increasingly being used in automotive hot charge air ducts, particularly in advanced petrol and diesel engines, that need to withstand high temperatures for long periods. They also provide flexibility at a lower temperature, eliminating the chances of a splinter in automobile airbags.
  • The usage of polyvinyl chloride (PVC) and silicone rubber has been decreasing in the health care industry, owing to the rising environmental and health concerns. Thermoplastic elastomers are emerging as a more sustainable alternative to thermoset rubbers owing to their recyclability and cost-efficiency. They are rapidly replacing rubber and PVC in medical devices as they are non-allergenic. This eliminates concerns for individuals with latex sensitivity. These factors are fuelling the adoption of thermoplastic elastomers in dental, surgical, and medical applications, thus driving the thermoplastic copolyester elastomers market. 

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Fluctuation in Raw Material Prices to Restrain Thermoplastic Copolyester Elastomers Market

  • Volatility in raw material prices is likely to adversely affect the thermoplastic copolyester elastomers market in the near future. This is likely to make it difficult for manufacturers to maintain regular supply for use in various industries. Variation in the exchange rate of key producers and exporters dealing in thermoplastic copolyester elastomers is also significantly impacting the development of the product, thus restraining the market.

Thermoplastic Copolyester Elastomers Market: Strategic Developments

  • In 2017, Mitsubishi Chemical Corporation developed a new grade of thermoplastic copolyester elastomer  known as TEFABLOC. It provides scratch and oil resistance. The company also began production of styrenic thermoplastic elastomer at Mitsubishi Chemical Performance Polymers (Thailand) Co., Ltd in 2018.
  • DuPont de Nemours, Inc. increased the production capacity at its Shenzhen site. The company’s specialty products division invested nearly US$ 42 Mn to install three new production lines at the Shenzhen site in China.

Asia Pacific to be Key Region of Global Thermoplastic Copolyester Elastomers

  • In terms of region, the global thermoplastic copolyester elastomers market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • The market in Asia Pacific is expected to expand considerably in the near future. It is anticipated to be followed by Europe. Growth of the automotive sector in countries such as India and China due to the adoption of rapid technological advancement has significantly boosted the market in the region.
  • The automotive industry in India produced 30,915,420 vehicles, including passenger vehicles, commercial vehicles, three wheelers, two wheelers, and quadricycles in April–March 2019 compared to 29,094,447 in April–March 2018, registering a growth of 6.26% over the same period in the last year
  • The thermoplastic copolyester elastomers market in North America and Middle East & Africa is likely to expand at a sluggish pace during the forecast period 

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Key Manufacturers in Market

The global thermoplastic copolyester elastomers market was highly fragmented in 2018. Key manufacturers operating in the global market include:

  • Entec Polymers
  • F.TER. S.r.l
  • DSM
  • Radici Partecipazioni SpA
  • DuPont de Nemours, Inc.
  • PolyOne
  • Trinseo
  • Eastman Chemical Company
  • Arkema

Global Thermoplastic Copolyester Elastomers Market: Research Scope 

Global Thermoplastic Copolyester Elastomers Market, by Application

  • Automotive
  • Building & Construction
  • Footwear
  • Engineering
  • Medical
  • Wires & Cables
  • Others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Thermoplastic Copolyester Elastomers Market