Market Size of Thermoplastic Polyester Engineering Resin (TPER) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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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 | |||||||
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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.
Thermoplastic Polyester Engineering Resin (TPER) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from Electrical and Electronics Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Polybutylene Terephthalate
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2.1.2 Polyethylene Terephthalate
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2.1.3 Polycyclohexylene Dimethylene Terephthalate
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2.2 Application
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2.2.1 Automotive
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2.2.2 Electrical Appliances
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2.2.3 Food & Beverage
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2.2.4 Industrial Equipment
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2.2.5 Others
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Thermoplastic Polyester Engineering Resin (TPER) Market Size FAQs
What is the current Thermoplastic Polyester Engineering Resin (TPER) Market size?
The Thermoplastic Polyester Engineering Resin (TPER) Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Thermoplastic Polyester Engineering Resin (TPER) Market?
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.
