Market revenue in 2021 | USD 147.8 million |
Market revenue in 2030 | USD 255.3 million |
Growth rate | 6.3% (CAGR from 2021 to 2030) |
Largest segment | Injection molding |
Fastest growing segment | Injection Molding |
Historical data | 2019 - 2020 |
Base year | 2021 |
Forecast period | 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 |
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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 68.4% in 2021. Horizon Databook has segmented the China 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 is the world leader in plastics production. Low production costs in the country have triggered high investments in the plastics industry, including the plastics machinery manufacturing. China is not just the largest plastic producer but also the biggest plastic recycler globally.
The region is also home to several major industries with vast production capabilities and facilities, which in turn attracts higher investments in materials for innovative products.
Increasing consumer disposable income and growing expenditure on luxury consumer goods in line with transitioning lifestyles are also key factors driving innovation in the market. TPEE is being utilized for numerous equipment & products that foster easier consumer lifestyles and faster production processes.
Horizon Databook provides a detailed overview of country-level data and insights on the China thermoplastic polyester elastomer market, including forecasts for subscribers. This country databook contains high-level insights into China thermoplastic polyester elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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