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.
The report “Thermoplastic Polyester Engineering Resins (TPER) Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/thermoplastic-polyester-engineering-resins-tper-market
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