Rockville, MD -- (SBWIRE) -- 07/09/2019 -- As per the current market trends and the promising nature of the thermoplastic copolyester elastomers market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, FACTMR would be publishing a resourceful analysis that will enclose knowledge about the regional thermoplastic copolyester elastomers market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during 2018-2027, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.

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Notable Developments

In 2017, Mitsubishi Chemical Corporation developed a new grade of thermoplastic copolyester elastomer (TPC) known as TEFABLOC™, providing scratch and oil resistance. The company also begun production of styrenic thermoplastic elastomer (TPS) at Mitsubishi Chemical Performance Polymers (Thailand) Co., Ltd in 2018.
Kidman Resources has signed an agreement with LG Chem Ltd. to supply lithium hydroxide. Kidman will supply 12,000 tons of lithium hydroxide a year to various chemicals companies for 10 years.
DowDuPont Transportation & Advanced Polymers is planning to increase production capacity at Shenzhen site. DowDuPont Specialty Products Division is also likely to invest nearly $42 million to install three new production lines, expected to be operational by the end of 2019.
LG Chem is planning to build a new facility for electric vehicle battery in Nanjing in China by 2020. The company also plans to invest around 2 trillion South Korean won on second car battery plant in China with production likely to begin in 2019.
The report provides detailed profiles of the key players in the thermoplastic copolyester elastomers market. Thorough research has been conducted on the leading players including DowDuPont Inc., Celanese Corporation, DSM Engineering Plastics, Toyobo, Teijin Industries, DIC Corporation, Mitsubishi Chemicals, Tosoh Corporation, Samyang Corporation, LG Chem. Ltd., Chang-Chung Group, SK Chemicals, and Shinkong Group.

Top 5 Players Account for Over 50% Share in Thermoplastic Copolyester Elastomers Market

Top players in the thermoplastic copolyester elastomers market are focusing on product differentiation and expanding production capacity. The leading players continue to focus on strengthening their position in Asia Pacific, based on the growing demand for fuel-efficient and lightweight vehicles. The intense competition among the key players in thermoplastic copolyester elastomers market is resulting in value added product offering with increased investment in the research and development activities. DSM, DuPont, Shinkong, and Chang-Chung Group are among the leading players in thermoplastic copolyester elastomers market.

Increasing Application of Thermoplastic Copolyester Elastomers in Automotive Industry Creating Sustained Opportunities

Usage of thermoplastic copolyester elastomers is growing in the automotive industry, owing to their superior physical and chemical properties. The automotive industry is using thermoplastic copolyester elastomers on a large scale to manufacture automotive parts where resistance to chemical, heat and oil is required. Thermoplastic copolyester elastomers are finding significant applications in automotive hot charge air ducts in advanced petrol and diesel engines that need to withstand high temperatures for a very long period. Further, Constant Velocity Joint (CVJ) boots are being produced on a large scale using thermoplastic copolyester elastomers as it is subject to wide range of temperatures.

Several regulatory bodies have introduced emission standards that are accelerating the usage of low-weight material to increase fuel efficiency and high-performance in the automotive industry. This, in turn, is driving the demand for thermoplastic copolyester elastomers. Copolyester Thermoplastic Elastomers (COPE) provide flexibility at a lower temperature, eliminating the chances of a splinter in automobile airbags. Growing emphasis on safety norms and mandates on airbags as a safety accessory are creating opportunities for stakeholders in the thermoplastic copolyester elastomers market.

The future of thermoplastic copolyester elastomers market is likely to be closely aligned with the broader trends in the automotive industry. The last couple of years have been positive for the automotive industry, with resurgence in the US well-complemented by steady sales in China and India.    

Thermoplastic Elastomers (TPE) Emerging as a Feasible Alternative in Healthcare Sector

Healthcare sector is moving away from polyvinyl chloride (PVC) and silicone rubber owing to mounting environmental and health concerns. Thermoplastic elastomers are emerging as a more sustainable alternative to thermoset rubber owing to their recyclability and cost-efficiency. TPEs are rapidly replacing rubber and PVC in medical devices as they are non-allergenic, thereby, eliminating concerns for individuals with latex sensitivity. These factors are fuelling adoption of TPEs in dental, surgical, and medical applications.

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