Analysis of the thermoplastic copolyester elastomers market influenced by widening scope of end-use applications

摘要

The role of plastics in industrial applications has always been ambivalent in nature.Despite the growing knowledge about potential risks posed by plastics to the eco-system,high-performance plastics are being discovered to improve sustainability and reduce the carbon footprint of various end-products.Similarly,in spite of the ongoing plastic war,thermoplastic copolyester elastomers(TPC-ETs)have gained popularity as high-performance polymers that are used in a variety of industrial applications in order to achieve more weight reduction and sustainability.The global market for TPC-ETs has been witnessing steady growth in the past few years,attributing to a rise in its demand across industrial sectors such as automotive,medical,consumer goods and electrical.The global TPC-ET sales nearly reached 177 thousand tons in 2018,and the growing awareness about its unique physical properties is expected to boost global sales in the foreseeable future.This article focuses on salient factors that are fostering the TPC-ET market.The article also elucidates how its demand across automotive industry and medical industry will play a pivotal role in speeding the TPC-ET market growth.