Thermoplastic Polyester Elastomer (TPE-E) Market Size

Statistics for the 2023 & 2024 Thermoplastic Polyester Elastomer (TPE-E) market size, created by Mordor Intelligence™ Industry Reports. Thermoplastic Polyester Elastomer (TPE-E) size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Thermoplastic Polyester Elastomer (TPE-E) Industry

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Thermoplastic Polyester Elastomer Market  Summary
Study Period 2019 - 2029
Market Volume (2024) 142.16 kilotons
Market Volume (2029) 176.14 kilotons
CAGR (2024 - 2029) 4.38 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Thermoplastic Polyester Elastomer Market  Major Payers

*Disclaimer: Major Players sorted in no particular order

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Thermoplastic Polyester Elastomer (TPE-E) Market Analysis

The Thermoplastic Polyester Elastomer Market size is estimated at 142.16 kilotons in 2024, and is expected to reach 176.14 kilotons by 2029, growing at a CAGR of 4.38% during the forecast period (2024-2029).

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.

  • Over the short term, growing demand from the automotive industry, coupled with growing expenditure on healthcare and medical facilities, are major factors driving the growth of the market studied.
  • However, the high cost of thermoplastic polyester elastomer is a key factor anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the emerging market for bio-based thermoplastic polyester elastomer is likely to create lucrative growth opportunities for the global market soon.
  • Asia-Pacific is estimated to witness healthy growth over the assessment period in the studied market due to the high demand for thermoplastic polyester elastomer (TPE-E) in China, Japan, and other Southeast Asian countries owing to continuous and rising usage of TPEE in automotive production, coupled with the growing medical industry.

Thermoplastic Polyester Elastomer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)