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. Government initiatives across the globe to promote energy saving practices along replacement of incandescent bulbs with LED and fluorescent bulbs is expected to drive PBT demand which in turn is expected to complement the global TPER market growth. TPERs are one of the major components in production of glass fiber. Increasing glass fiber consumption in construction particularly in high infrastructure growth regions such as China, India, Brazil, Mexico and Southeast Asia is expected to further augment the global market growth. Environmental regulations by ECHA, EPA and EEA ascertaining to degradability and toxicity of plastics is expected to challenge the market growth.
For more information kindly visit: 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. Growing electrical & electronics industry in the region aided by increasing production in Korea, China and Taiwan is expected to further complement the regional market growth over the forecast period.
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.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
Corporate Sales Specialist, USA
Grand View Research, Inc
Toll Free: 1-888-202-9519