Increasing TPER demand in electronic components and automotive manufacturing is expected to remain a major factor driving the global market growth over the forecast period. Major TPER products include polyethylene terephthalate (PET), polybutylene terephthalate (PBT) and polycyclohexylene dimethylene terephthalate (PCT). Increasing application of TPER in industrial equipment, food & beverage packaging and thermoforming applications is expected to further drive the global market. U.S., China, India, Japan, Brazil and Mexico are touted to be major regions attracting TPER for automotive components (alloys and exterior panels) manufacturing on account of growing automotive production in these markets. Growing demand for PET for bottling in soft drink industry is expected to drive TPER demand in packaging applications. TPER is gaining importance as an essential material for manufacturing fluorescent bulbs.
The report “Thermoplastic Polyester Engineering Resins (TPER) Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/thermoplastic-polyester-engineering-resins-tper-market
North America is expected to register considerable growth over the forecast period, driven by increasing TPER application in automotive and electrical & electronics industries. Europe is expected to grow at a sluggish rate on account of poor growth in end-use industries in Western Europe countries. European market is governed by ECHA and EEA regulations along with EU legislations for conventional plastics. Majority of TPER demand in the region is expected to be driven by bottling and construction applications. Increasing automotive production in Germany for export markets is expected to drive PBT demand which in turn would strengthen the regional market growth. Asia Pacific is expected to witness high growth rate on account of increasing automotive production in Japan, China, India and Korea.
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Major companies operating in the global TPER market include BASF SE, SABIC, Solvay Plastics, DuPont, Innovative Plastics, LG Chemicals, Lotte Chemicals, Kuraray, RTP Company, Mitsubishi Chemicals and Bayer MaterialScience. Market competitiveness is driven by extensive R&D by major companies such as DuPont, Bayer, Solvay and Mitsubishi Chemicals.
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