Thermoplastic Copolyester Elastomers Market Upcoming News of New Trends by 2027

Posted by Arslan on February 25th, 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 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.

With technological advancements, TPEs have gained increased acceptance and improved performance in the medical sector. Overmolding, along with other technological advances, is creating opportunities for thermoplastic elastomers in healthcare applications including syringe plungers, orthopedics, face masks, needle shields, breathable bags, and other home-use medical devices.

Additionally, thermoplastic copolyester elastomers (TPC) have resistance to oil and chemicals, this has increased its utility in various industries including the medical sector. This is leading to the drastic shift towards replacing PVC with thermoplastic copolyester elastomers. Meanwhile, ongoing research and development on thermoplastic copolyester elastomers in the medical sector is likely to open avenues for TPC.