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TPEE Market in Automotive Industry by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 132
  • SKU: IRTNTR73804
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The TPEE market share in the automotive industry is expected to increase to USD 139.26 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.77%. 

This TPEE market in automotive industry research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the thermoplastic polyester elastomer (TPEE) in automotive industry market segmentation by type (injection molding grade, extrusion grade, and blow molding grade) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The thermoplastic polyester elastomer in automotive industry market report also offers information on several market vendors, including Celanese Corp., Cesium Inc., Chang Chun Group, Eastman Chemical Co., Koninklijke DSM NV, Kraton Corp., LCY Chemical Corp., Mitsubishi Chemical Corp., Radici Partecipazioni Spa, SABIC, SK Chemicals Co. Ltd., Spiratex, and DuPont de Nemours Inc. among others.

What will the TPEE Market Size in Automotive Industry be During the Forecast Period?

Download the Free Report Sample to Unlock the TPEE Market Size in Automotive Industry for the Forecast Period and Other Important Statistics

 

TPEE Market in Automotive Industry: Key Drivers, Trends, and Challenges

The superior quality of TPEE and better performance is notably driving the TPEE in automotive industry market growth, although factors such as stringent safety legislation on production may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the TPEE market in automotive industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key TPEE Market Driver in Automotive Industry

One of the key factors driving the global TPEE market growth in automotive industry is the superior quality of TPEE and better performance due to their rapid processing and lower scrap or wastage rates. These advantages make TPEE products better than thermoplastic materials. In addition, thermoplastic polyester elastomer has the ability to withstand multiple flex cycles and show resistance to a variety of solvents and lubricants. It has a strong impact strength even at low temperatures and can withstand temperatures up to 300 degrees F. Other factors such as the superior texture of TPEE and its performance from other materials will further drive the growth of the market over the forecast period.

Key TPEE Market Trend in Automotive Industry

Increasing opportunities in APAC is one of the key TPEE market trends in automotive industry that is expected to impact the industry positively in the forecast period. TPEEs are used as hoses, insulators, seals, and bushes in the automotive industry owing to their properties such as elasticity, strength, and efficiency at high temperatures. The rapid growth of the automotive industry in APAC will drive the demand for TPEE. Moreover, the automotive industry in China records high sales due to its strong government support and ad-hoc tax incentives. The growing preferences for high-efficiency automobiles in countries such as China and India will boost the demand for TPEE in the automotive industry in the forecast years. 

Key TPEE Market Challenge in Automotive Industry

One of the key challenges to the global TPEE market growth in automotive industry is the stringent safety legislation on production. For instance, in North America, regulations by agencies such as the US-EPA and the FDA had a significant impact on TPEE manufacturers and importers. These regulatory bodies have drawn up a list of hazardous raw materials that are used in the production of TPEE. Similarly, in the European Union, the ECHA implemented the Registration, Evaluation, Authorisation, and Restriction of Chemicals legislation, which affected the TPEE market in the automotive industry of the European Union. Such regulations require manufacturers and importers of TPEE materials to maintain a record of the environmental, health, and physiochemical properties of chemical substances. Vendors find it challenging to comply with such stringent regulations, which may limit the growth of the market in focus during the forecast period.

This TPEE market in automotive industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global TPEE market in automotive industry as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the TPEE market in automotive industry during the forecast period.

Who are the Major TPEE Market Vendors in Automotive Industry?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Celanese Corp.
  • Cesium Inc.
  • Chang Chun Group
  • Eastman Chemical Co.
  • Koninklijke DSM NV
  • Kraton Corp.
  • LCY Chemical Corp.
  • Mitsubishi Chemical Corp.
  • Radici Partecipazioni Spa
  • SABIC
  • SK Chemicals Co. Ltd.
  • Spiratex
  • DuPont de Nemours Inc.

 

This statistical study of the TPEE market in automotive industry encompasses successful business strategies deployed by the key vendors. The TPEE market in automotive industry is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Celanese Corp. - The company offers a wide range of thermoplastic elastomers such as antoprene TPV, Geolast TPV, and Forflex TPO.
  • knowde.com - The company offers a wide range of thermoplastic elastomers under KEYFLEX-BT such as Keyflex BT1072D, Keyflex BT1028D, and Keyflex BT115D

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The TPEE market in automotive industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

TPEE Market in Automotive Industry Value Chain Analysis

Our report provides extensive information on the value chain analysis for the TPEE market in automotive industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for TPEE Market in Automotive Industry?

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51% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for TPEE in automotive industry in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rise in the manufacturing sector, as TPEE contributes to lighter vehicle weight, due to the growing need in industries such as automotive, industrial machinery, packaging, and electrical and electronics industries will facilitate the TPEE market growth in automotive industry in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 affected the production and demand for TPEE and also created disruptions in the supply chain and market distribution due to the lockdown imposed in the region in 2020. However, by Q4 2020, the rules of lockdown in the region were relaxed, which led to the resumption of business activities of companies operating in the automotive industry resulting in increased demand for TPEE in 2021. Therefore, the regional market is expected to register growth during the forecast period.

What are the Revenue-generating Type Segments in the TPEE Market in Automotive Industry?

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The TPEE market share growth in automotive industry by the injection molding grade segment will be significant during the forecast period. The demand for injection molding grades is on the rise in automobile components as they offer high corrosion resistance and better design flexibility, as well as ensure safety. Therefore, automobile companies, including BMW have been focusing on improving the fuel efficiency of their vehicles by using lightweight and high-performance elements such as TPEE in vehicles. Such factors are expected to propel the growth of this segment in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the TPEE market size in automotive industry and actionable market insights on post COVID-19 impact on each segment.

 

TPEE Market Scope in Automotive Industry

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.77%

Market growth 2022-2026

$ 139.26 million

Market structure

Fragmented

YoY growth (%)

5.42

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 51%

Key consumer countries

US, Canada, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Celanese Corp., Cesium Inc., Chang Chun Group, Eastman Chemical Co., Koninklijke DSM NV, Kraton Corp., LCY Chemical Corp., Mitsubishi Chemical Corp., Radici Partecipazioni Spa, SABIC, SK Chemicals Co. Ltd., Spiratex, and DuPont de Nemours Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this TPEE Market in Automotive Industry Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive TPEE market growth in automotive industry during the next five years
  • Precise estimation of the TPEE market size in automotive industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the TPEE market in automotive industry across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of TPEE market vendors in automotive industry 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Injection molding grade - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Injection molding grade - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Injection molding grade - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Injection molding grade - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Injection molding grade - Year-over-year growth 2021-2026 (%)
    • 5.4 Extrusion grade - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Extrusion grade - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Extrusion grade - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Extrusion grade - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Extrusion grade - Year-over-year growth 2021-2026 (%)
    • 5.5 Blow molding grade - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Blow molding grade - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Blow molding grade - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Blow molding grade - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Blow molding grade - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Canada - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Celanese Corp.
              • Exhibit 97: Celanese Corp. - Overview
              • Exhibit 98: Celanese Corp. - Business segments
              • Exhibit 99: Celanese Corp. - Key offerings
              • Exhibit 100: Celanese Corp. - Segment focus
            • 10.4 Cesium Inc.
              • Exhibit 101: Cesium Inc. - Overview
              • Exhibit 102: Cesium Inc. - Product / Service
              • Exhibit 103: Cesium Inc. - Key offerings
            • 10.5 DuPont de Nemours Inc.
              • Exhibit 104: DuPont de Nemours Inc. - Overview
              • Exhibit 105: DuPont de Nemours Inc. - Business segments
              • Exhibit 106: DuPont de Nemours Inc. - Key offerings
              • Exhibit 107: DuPont de Nemours Inc. - Segment focus
            • 10.6 Eastman Chemical Co.
              • Exhibit 108: Eastman Chemical Co. - Overview
              • Exhibit 109: Eastman Chemical Co. - Business segments
              • Exhibit 110: Eastman Chemical Co. - Key offerings
              • Exhibit 111: Eastman Chemical Co. - Segment focus
            • 10.7 Koninklijke DSM NV
              • Exhibit 112: Koninklijke DSM NV - Overview
              • Exhibit 113: Koninklijke DSM NV - Business segments
              • Exhibit 114: Koninklijke DSM NV - Key news
              • Exhibit 115: Koninklijke DSM NV - Key offerings
              • Exhibit 116: Koninklijke DSM NV - Segment focus
            • 10.8 Mitsubishi Chemical Corp.
              • Exhibit 117: Mitsubishi Chemical Corp. - Overview
              • Exhibit 118: Mitsubishi Chemical Corp. - Business segments
              • Exhibit 119: Mitsubishi Chemical Corp. - Key news
              • Exhibit 120: Mitsubishi Chemical Corp. - Key offerings
              • Exhibit 121: Mitsubishi Chemical Corp. - Segment focus
            • 10.9 Radici Partecipazioni Spa
              • Exhibit 122: Radici Partecipazioni Spa - Overview
              • Exhibit 123: Radici Partecipazioni Spa - Product / Service
              • Exhibit 124: Radici Partecipazioni Spa - Key offerings
            • 10.10 SABIC
              • Exhibit 125: SABIC - Overview
              • Exhibit 126: SABIC - Business segments
              • Exhibit 127: SABIC - Key offerings
              • Exhibit 128: SABIC - Segment focus
            • 10.11 SK Chemicals Co. Ltd.
              • Exhibit 129: SK Chemicals Co. Ltd. - Overview
              • Exhibit 130: SK Chemicals Co. Ltd. - Business segments
              • Exhibit 131: SK Chemicals Co. Ltd. - Key offerings
              • Exhibit 132: SK Chemicals Co. Ltd. - Segment focus
            • 10.12 Spiratex
              • Exhibit 133: Spiratex - Overview
              • Exhibit 134: Spiratex - Product / Service
              • Exhibit 135: Spiratex - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 136: Inclusions checklist
                • Exhibit 137: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 138: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 139: Research methodology
                • Exhibit 140: Validation techniques employed for market sizing
                • Exhibit 141: Information sources
              • 11.5 List of abbreviations
                • Exhibit 142: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The tpee market in automotive industry market growth will increase by $$ 139.26 million during 2023-2026.
              The tpee market in automotive industry market is expected to grow at a CAGR of 5.77% during 2023-2026.
              Technavio has segmented the tpee market in automotive industry market by type (Injection molding grade, Extrusion grade, and Blow molding grade) and geography (APAC, Europe, North America, Middle East and Africa, and South America).
              Celanese Corp., Cesium Inc., Chang Chun Group, Eastman Chemical Co., Koninklijke DSM NV, Kraton Corp., LCY Chemical Corp., Mitsubishi Chemical Corp., Radici Partecipazioni Spa, SABIC, SK Chemicals Co. Ltd., Spiratex, DuPont de Nemours Inc. are a few of the key vendors in the tpee market in automotive industry market.
              APAC will register the highest growth rate of 51% among the other regions. Therefore, the tpee market in automotive industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the tpee market in automotive industry market growth are:
              • Superior quality of TPEE and better performance
              • Increasing opportunities in APAC
              The tpee market in automotive industry market vendors should focus on grabbing business opportunities from the injection molding grade segment as it accounted for the largest market share in the base year.
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