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Thermoplastic Polyester Engineering Resins (Tper) Industry To 2020 – Market Outlook, Industry Trends: Grand View Research, Inc

624 words - 3 pages

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 ...view middle of the document...

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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.

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