Asia Pacific Thermoplastic Polyester Elastomer Market Size & Outlook
Asia Pacific thermoplastic polyester elastomer market, 2019-2030 (US$M)
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Asia Pacific thermoplastic polyester elastomer market highlights
- The Asia Pacific thermoplastic polyester elastomer market generated a revenue of USD 472.2 million in 2021.
- The market is expected to grow at a CAGR of 5.7% from 2022 to 2030.
- In terms of segment, injection molding was the largest revenue generating type in 2021.
- Injection Molding is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 472.2 million |
| Market revenue in 2030 | USD 774.7 million |
| Growth rate | 5.7% (CAGR from 2021 to 2030) |
| Largest segment | Injection molding |
| Fastest growing segment | Injection Molding |
| Historical data covered | 2019 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Injection Molding, Extrusion Molding, Blow Molding |
| Key market players worldwide | SABIC, DuPont de Nemours Inc, Basf SE, Covestro AG, Celanese Corp Class A, LG Chem, Mitsubishi Electric Corp, Arkema SA, Toyobo Co Ltd, Radici Group, Sunshine Global, Teijin Ltd, Chang Chun Group, Entec Polymers |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.1% of the global thermoplastic polyester elastomer market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 774.7 million by 2030.
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Thermoplastic Polyester Elastomer Market Scope
Thermoplastic Polyester Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific thermoplastic polyester elastomer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermoplastic polyester elastomer market will help companies and investors design strategic landscapes.
Injection molding was the largest segment with a revenue share of 68.47% in 2021. Horizon Databook has segmented the Asia Pacific thermoplastic polyester elastomer market based on injection molding, extrusion molding, blow molding covering the revenue growth of each sub-segment from 2019 to 2030.
China, India and Southeast Asia are expected to be the primary growth markets in the region. Growing manufacturing sector shall drive TPEE compounds demand in automotive, industrial machinery, packaging and electrical & electronics industries.
In the recent past, China and India have witnessed a spike in automotive production due to the technology transfer to the sector from western markets. Also, a well-established electrical & electronics manufacturing base in China, Taiwan, and South Korea shall provide further impetus for growth. India, on the other hand, has a strong chemical industry which strengthened its plastic production.
Growing economies, rapid urbanization, burgeoning manufacturing ecosphere and increasing infrastructural activities are supporting the growth of plastic compounding market in Asia Pacific region. Countries such as China, India, Vietnam, Indonesia and the Philippines are witnessing a rapid GDP growth and offer a lucrative opportunity for plastic manufacturers.
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Our clientele includes a mix of thermoplastic polyester elastomer market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific thermoplastic polyester elastomer market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific thermoplastic polyester elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific Thermoplastic Polyester Elastomer Market Share, 2021 & 2030 (US$M)
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