Thermoplastic Polyester Elastomer (Tpe-E) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The thermoplastic polyester elastomer (TPE-E) market is expected to reach 130,476.87 tons by end of this year and is projected to register a CAGR of over 4% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. The pandemic had a severe impact on the automotive industry, including manufacturing interruptions and disruption in the supply chain across the globe, thereby negatively affecting the market. However, the market recovered steadily, owing to the increased growth of the automotive industry in 2021.
Key HighlightsThe global thermoplastic polyester elastomer (TPE-E) market is consolidated in nature, as the top listing companies hold a significant share of the global market. Global companies are significantly focusing on R&D, acquisitions, and collaborations to develop new technologies and to increase their market presence and foothold. The major manufacturers in the market studied include Dupont, Celanese Corporation, Koninklijke DSM N.V., LG Chem, and Toyobo Co., Ltd., among others.
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