Thermoplastic copolyester elastomers market witnessed moderate growth in 2018, with demand surpassing 170 thousand tons, according to Fact.MR’s latest study. Thermoplastic copolyester elastomers demand is likely to benefit from broader developments in the automotive industry, especially the growing focus on improving fuel efficiency. Automotive manufacturers are rapidly moving towards thermoplastic copolyester elastomers for production of new high-temperature resistant air ducts. Thermoplastic copolyester elastomers are also facilitating manufacturers to produce air ducts in a single material and using a single process. Focus on weight and cost reduction, while improving process efficiency are among the key factors that will continue to support adoption of thermoplastic copolyester elastomers in end-use industries.
The business intelligence study of the thermoplastic copolyester elastomers market covers the estimation size of the market both in terms of value and volume. In a bid to recognize the growth prospects in the thermoplastic copolyester elastomers market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Further, we have considered 2013 as the base year, 2027 as the estimated year, 2018-2027 as the stipulated timeframe.
The insights for each vendor consists of:
- Company profile
- SWOT analysis
- Main market information
- Market share
- Revenue, pricing and gross margin
North America to Remain Lucrative in Thermoplastic Copolyester Elastomers Market
North America is witnessing growing demand for thermoplastic copolyester elastomers in the automotive sector in manufacturing lightweight and fuel-efficient cars. Thermoplastic copolyester elastomers are finding significant applications in manufacturing hot charge air ducts and CVJ boots in automobiles.
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What insights does the thermoplastic copolyester elastomers market report provide to the readers?
- Thermoplastic copolyester elastomers market fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each thermoplastic copolyester elastomers market player.
- Various regulations imposed by the governments on the consumption of thermoplastic copolyester elastomers in detail.
- Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global thermoplastic copolyester elastomers market.
Asia Pacific Excluding Japan (APEJ) is also expected to account for significant share in the market owing to stellar growth in China. The automotive and footwear industries in APEJ are among the leading consumers of thermoplastic copolyester elastomers. However, complex production process and high technical requirements is keeping the operating rates at low levels for thermoplastic copolyester elastomers in China.
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The report also finds that the thermoplastic copolyester elastomers market may be impacted by the fluctuating raw material prices. Volatility in crude oil prices is hampering the growth thermoplastic copolyester elastomers and making it difficult for manufacturers to maintain regular supply.