Thermoplastic Polyester Elastomer Segmentation
Grade (Injection Molding Grade, Extrusion Molding Grade, Blow Molding Grade)
Injection molding grade segment in the thermoplastic polyester elastomer market is anticipated to hold a share of 47% during the forecast period. The injection molding process is a highly efficient production method for the manufacturing of complex TPEE parts with high accuracy and consistency. Injection molding also enables the production of TPEE parts with intricate geometric shapes and details, making it possible for designers to develop new products that are more functional and attractive. In particular, this flexibility in design has contributed to the increased adoption of injection-molded TPEE for a wide range of applications. In addition, it can be used in a broad range of applications across industries such as automobiles, electronics, consumer goods, health care, and equipment. Therefore, these factors contribute to the growth of the injection molding grade segment.
Application (Automotive Components, Industrial Products, Consumer Products)
Automotive components segment in the thermoplastic polyester elastomer market is expected to hold a share of 44% during the forecast period. The rising plastics consumption in automotive components, along with parallel increases in the production of passenger cars, heavy-duty vehicles, and electric vehicles is propelling the growth of the segment. For instance, global investments in the manufacture of electric vehicles increased by 50% between 2021 and 2022, totalling over USD 425 billion. Because of the product's biocompatibility, electronic vehicles (EVs) are becoming more and more commonplace worldwide, which is predicted to increase TPEE use and production in the automotive sector. High-quality automotive instrument panels, seat backs, airbag deployment doors, air intake ducting, wheel covers, dashboard components, door liners and handles, pillar trim, and consumer goods components are just a few of the many uses for TPEE in the automotive industry. As a result of the above-mentioned elements, the market is predicted to witness growth in this segment over the course of projection period.
Our in-depth analysis of the global market includes the following segments:
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