Thermoplastic Copolyester Elastomers Market: Structure and Overview of Key Market Forces Propelling Market

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.

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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.

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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.