logo

Thermoplastic Polyester Engineering Resin (TPER) Market Size (2024 - 2029)

The thermoplastic polyester engineering resin market is anticipated to experience growth driven by increasing demand from the electrical and electronics sectors. Despite potential setbacks due to the global coronavirus pandemic, the market is poised for expansion, particularly through its applications in consumer goods. The automotive industry remains a significant segment, with the Asia-Pacific region expected to lead in market size and growth rate during the forecast period.

Home Market Analysis Chemicals & Materials Research Plastics, Polymers, and Elastomers Research Plastics and Polymers Research Thermoplastic Polymers Research Thermoplastic Polyester Engineering Resin (TPER) Market Market Size

Market Size of Thermoplastic Polyester Engineering Resin (TPER) Industry

Market Summary-Thermoplastic Polyester Engineering Resin (TPER) Market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

Thermoplastic Polyester Engineering Resin (TPER) Market Analysis

The market for thermoplastic polyester engineering resin is expected to grow at a CAGR of more than 4% globally during the forecast period. Thermoplastic polyester engineering resins are materials that soften when heated and harden again when cooled. These resins are usually ductile and harder than thermoset resins and are used without fillers and reinforcements for a wide range of non-structural applications. The growing demand from the electrical and electronics industry has been driving the market growth.

  • However, the outbreak of coronavirus across the globe is likely to hinder the growth of the studied market.
  • The growing application of thermoplastic polyester engineering resin in consumer goods is likely to provide opportunities for the studied market, during the forecast period.
  • The automotive industry is the major application segment for the market studied.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period

Thermoplastic Polyester Engineering Resin (TPER) Industry Segmentation

The thermoplastic polyester engineering resin market report include:

Product Type
Polybutylene Terephthalate
Polyethylene Terephthalate
Polycyclohexylene Dimethylene Terephthalate
Application
Automotive
Electrical Appliances
Food & Beverage
Industrial Equipment
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Thermoplastic Polyester Engineering Resin (TPER) Market Size Summary

The thermoplastic polyester engineering resin market is poised for significant growth, driven by its increasing application in the automotive and electrical industries. These resins, known for their ductility and hardness, are gaining traction due to their cost-effectiveness and high performance, particularly in automotive applications where lightweight materials are in demand. The automotive sector benefits from the resin's ability to reduce vehicle weight, enhance efficiency, and offer resistance to corrosion, making it a preferred choice over traditional metals. Additionally, the rise of electric vehicle production, supported by government initiatives in regions like Europe, China, and the United States, is expected to further propel market expansion.

The Asia-Pacific region is anticipated to lead the global market, fueled by robust demand from the electrical and electronics sectors. China, as a major player in the region, benefits from low production costs and an abundant supply of raw materials, supporting the growth of thermoplastic polyester engineering resin production. The material's versatility extends to various applications, including industrial equipment and the food and beverage industry, which are expected to contribute to market growth. Despite challenges such as the impact of the coronavirus pandemic, the market is expected to recover and continue its upward trajectory, with key players like TORAY INDUSTRIES, INC., RTP Company, BASF SE, DuPont, and Radici Partecipazioni SpA driving innovation and competition.

Explore More

Thermoplastic Polyester Engineering Resin (TPER) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Electrical and Electronics Industry

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Polybutylene Terephthalate

      2. 2.1.2 Polyethylene Terephthalate

      3. 2.1.3 Polycyclohexylene Dimethylene Terephthalate

    2. 2.2 Application

      1. 2.2.1 Automotive

      2. 2.2.2 Electrical Appliances

      3. 2.2.3 Food & Beverage

      4. 2.2.4 Industrial Equipment

      5. 2.2.5 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Thermoplastic Polyester Engineering Resin (TPER) Market Size FAQs

The Thermoplastic Polyester Engineering Resin (TPER) Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

TORAY INDUSTRIES, INC., RTP Company, BASF SE, DuPont and Radici Partecipazioni SpA are the major companies operating in the Thermoplastic Polyester Engineering Resin (TPER) Market.

Thermoplastic Polyester Engineering Resin (TPER) Report Snapshots

Thermoplastic Polyester Engineering Resin (TPER) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)