Global Thermoplastic Polyester Elastomer Market Size & Outlook
Global thermoplastic polyester elastomer market, 2019-2030 (US$M)
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Global thermoplastic polyester elastomer market highlights
- The global thermoplastic polyester elastomer market generated a revenue of USD 1,468.7 million in 2021 and is expected to reach USD 2,282.9 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 5% by 2030.
- In terms of segment, injection molding accounted for a revenue of USD 1,006.0 million in 2021.
- Injection Molding is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Spain is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 1,468.7 million |
| Market revenue in 2030 | USD 2,282.9 million |
| Growth rate | 5% (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 |
Other key industry trends
- In terms of revenue, the North America accounted for 27.8% of the global thermoplastic polyester elastomer market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Spain is the fastest growing regional market and is projected to reach USD 84.8 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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Global 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 68.5% in 2021. Horizon Databook has segmented the Global thermoplastic polyester elastomer market based on injection molding, extrusion molding, blow molding covering the revenue growth of each sub-segment from 2019 to 2030.
Thermoplastic elastomers are distinguished by their thermoplastic processing and unique elastic properties. Polymer resins become homogenized liquid when heated and then hard when cooled. Thermoplastic elastomer processing allows these compounds to be reheated, reshaped or frozen repeatedly, eliminating wastage and promoting recyclability. U.S. Environment Protection Agency (EPA) has also determined control techniques and guidelines regarding carbon emissions from various automotive vehicles, mentioned in the Clean Air Act, effective from October 2008.
Mounting costs for complex systems are being met by the ability of TPEEs to be molded and reshaped into any fitting as per vehicle/consumer requirement. PP currently makes up 32% of car component plastics whereas PU accounts for 17% & PVC for 16%.
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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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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 global-level data and insights on the Global thermoplastic polyester elastomer market, including forecasts for subscribers. This global databook contains high-level insights into Global thermoplastic polyester elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Global thermoplastic polyester elastomer tpee market size, by region, 2019-2030 (US$M)
Top 10 countries: Thermoplastic polyester elastomer tpee market size, 2021 (US$M)
Global thermoplastic polyester elastomer tpee market share, by type, 2021 & 2030 (%, US$M)
Thermoplastic polyester elastomer market: Opportunity assessment by country
Global thermoplastic polyester elastomer market, by region, 2021 (US$M)
| Type | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 381.1 | 358.7 | 407.6 | 423.2 | 440.9 | 461.0 | 483.4 | 508.4 | 535.8 | 566.2 | 599.9 | 637.3 | 5.1% |
| Europe | 403.0 | 382.4 | 431.8 | 446.1 | 462.4 | 481.2 | 502.2 | 525.6 | 551.4 | 580.0 | 611.8 | 647.0 | 4.6% |
| Asia Pacific | 443.2 | 414.9 | 472.2 | 492.8 | 516.1 | 542.5 | 571.9 | 604.7 | 640.8 | 680.8 | 725.3 | 774.7 | 5.7% |
| Latin America | 80.4 | 76.8 | 86.2 | 88.7 | 91.7 | 95.1 | 98.9 | 103.1 | 107.8 | 113.0 | 118.7 | 125.1 | 4.2% |
| MEA | 66.0 | 63.4 | 71.0 | 72.8 | 74.8 | 77.2 | 79.9 | 83.0 | 86.3 | 90.0 | 94.2 | 98.7 | 3.7% |
| Overall | 1,373.8 | 1,296.3 | 1,468.8 | 1,523.5 | 1,586.0 | 1,656.9 | 1,736.3 | 1,824.7 | 1,922.1 | 2,030.0 | 2,149.8 | 2,282.9 | 5.0% |
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