The Asia Pacific Thermoplastic Elastomer Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,962.4 Kilo Tonnes, showcasing a growth of 5.6% (2019-2022).
The thermoplastic elastomer market has witnessed remarkable growth in recent years, fuelled by the ever-increasing demand for versatile, high-performance materials across various industries. Thermoplastic elastomer (TPEs) represents a class of polymers with elastomeric properties that can be moulded and shaped when heated, offering flexibility, resilience, and processability. This distinctive set of characteristics positions TPEs as a preferred choice for various applications, from automotive and consumer goods to medical devices and industrial components.
Additionally, the automotive industry has emerged as a key driver in the widespread adoption of thermoplastic elastomer (TPEs). The sector's relentless pursuit of lightweight materials to enhance fuel efficiency and reduce emissions aligns seamlessly with the properties of thermoplastic elastomers. Beyond automotive applications, TPEs have carved a significant niche in the consumer goods sector. Their adaptability to different processing techniques and the ability to achieve vibrant colours make them ideal for manufacturing household items, electronics, toys, and more. Likewise, TPEs have become instrumental in producing medical devices and equipment in the healthcare sector. Their biocompatibility, flexibility, and resistance to sterilization processes make them suitable for tubing, seals, and surgical instruments. The medical industry's stringent standards for safety and performance have been met by TPEs, positioning them as valuable materials in this critical domain.
As per the Invest India data for 2023, the electronics sector in India is valued at $155 Bn, with domestic production accounting for 65%. Technology advancements, including the proliferation of 5G networks and the Internet of Things, accelerate the adoption of electronic products. The demand for IoT in the electronics devices sector has increased due to initiatives like 'Smart City' and 'Digital India'; these projects will unquestionably mark the beginning of a new era for electronic products. Thus, the rising electronics sector in the Asia Pacific will boost the expansion of the regional market.
The China market dominated the Asia Pacific Thermoplastic Elastomer Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,405.7 million by 2030. The Japan market is experiencing a CAGR of 6.4% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 7.7% during (2023 - 2030).
Based on Material, the market is segmented into Polystyrenes, Polyolefins, Polyurethanes, Polyetherimides, Polyesters and Polyamides. Based on Application, the market is segmented into Automotive, Industrial, Electrical Electronics, Medical, Consumer Goods and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Thermoplastic Elastomer Market is Predict to reach USD 40.6 Billion by 2030, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arkema S.A., BASF SE, China Petrochemical Corporation (Sinopec Group), Evonik Industries AG (RAG-Stiftung), Huntsman Corporation, The Dow Chemical Company, Covestro AG, Mitsubishi Chemical Holdings Corporation, DuPont de Nemours, Inc., and Asahi Kasei Corporation
Scope of the Study
Market Segments Covered in the Report:
By Material (Volume, Kilo Tonnes, USD billion, 2019-2030)
- Polystyrenes
- Polyolefins
- Polyurethanes
- Polyetherimides
- Polyesters
- Polyamides
By Application (Volume, Kilo Tonnes, USD billion, 2019-2030)
- Automotive
- Industrial
- Electrical Electronics
- Medical
- Consumer Goods
- Others
By Country (Volume, Kilo Tonnes, USD billion, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Arkema S.A.
- BASF SE
- China Petrochemical Corporation (Sinopec Group)
- Evonik Industries AG (RAG-Stiftung)
- Huntsman Corporation
- The Dow Chemical Company
- Covestro AG
- Mitsubishi Chemical Holdings Corporation
- DuPont de Nemours, Inc.
- Asahi Kasei Corporation
TABLE 1 Asia Pacific Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Polystyrenes Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Polystyrenes Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Polystyrenes Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Polystyrenes Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Polyolefins Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Polyolefins Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Polyolefins Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Polyolefins Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Polyurethanes Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Polyurethanes Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Polyurethanes Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Polyurethanes Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Polyetherimides Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Polyetherimides Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Polyetherimides Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Polyetherimides Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Polyesters Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Polyesters Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Polyesters Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Polyesters Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Polyamides Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Polyamides Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Polyamides Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Polyamides Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Automotive Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Automotive Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Asia Pacific Industrial Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Industrial Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Industrial Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Asia Pacific Industrial Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Asia Pacific Electrical Electronics Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Electrical Electronics Market by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Electrical Electronics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Asia Pacific Electrical Electronics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Asia Pacific Medical Market by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Medical Market by Country, 2023 - 2030, USD Million
TABLE 51 Asia Pacific Medical Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 Asia Pacific Medical Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 Asia Pacific Consumer Goods Market by Country, 2019 - 2022, USD Million
TABLE 54 Asia Pacific Consumer Goods Market by Country, 2023 - 2030, USD Million
TABLE 55 Asia Pacific Consumer Goods Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 Asia Pacific Consumer Goods Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 58 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 59 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 60 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 61 Asia Pacific Thermoplastic Elastomer Market by Country, 2019 - 2022, USD Million
TABLE 62 Asia Pacific Thermoplastic Elastomer Market by Country, 2023 - 2030, USD Million
TABLE 63 Asia Pacific Thermoplastic Elastomer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 64 Asia Pacific Thermoplastic Elastomer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 65 China Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 66 China Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 67 China Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 68 China Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 69 China Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 70 China Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 71 China Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 72 China Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 73 China Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 74 China Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 75 China Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 China Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Japan Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 78 Japan Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 79 Japan Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Japan Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Japan Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 82 Japan Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 83 Japan Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 84 Japan Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 85 Japan Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 86 Japan Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 87 Japan Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Japan Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 India Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 90 India Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 91 India Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 92 India Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 93 India Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 94 India Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 95 India Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 96 India Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 97 India Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 98 India Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 99 India Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 India Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 South Korea Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 102 South Korea Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 103 South Korea Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 104 South Korea Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 105 South Korea Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 106 South Korea Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 107 South Korea Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 108 South Korea Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 109 South Korea Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 110 South Korea Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 111 South Korea Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 South Korea Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Singapore Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 114 Singapore Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 115 Singapore Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Singapore Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Singapore Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 118 Singapore Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 119 Singapore Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 120 Singapore Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 121 Singapore Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 122 Singapore Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 123 Singapore Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 124 Singapore Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 125 Malaysia Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 126 Malaysia Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 127 Malaysia Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 128 Malaysia Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 129 Malaysia Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 130 Malaysia Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 131 Malaysia Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 132 Malaysia Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 133 Malaysia Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 134 Malaysia Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 135 Malaysia Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 136 Malaysia Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 137 Rest of Asia Pacific Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 138 Rest of Asia Pacific Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 139 Rest of Asia Pacific Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 140 Rest of Asia Pacific Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 141 Rest of Asia Pacific Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 142 Rest of Asia Pacific Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 143 Rest of Asia Pacific Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 144 Rest of Asia Pacific Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 145 Rest of Asia Pacific Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 146 Rest of Asia Pacific Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 147 Rest of Asia Pacific Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 148 Rest of Asia Pacific Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 149 Key information – Arkema S.A.
TABLE 150 Key Information – BASF SE
TABLE 151 Key Information – China Petrochemical Corporation
TABLE 152 Key Information – Evonik Industries AG
TABLE 153 key Information – Huntsman Corporation
TABLE 154 Key Information – The Dow Chemical Company
TABLE 155 key information – Covestro AG
TABLE 156 Key Information – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 157 Key Information –DuPont de Nemours, Inc.
TABLE 158 Key Information – Asahi Kasei Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Thermoplastic Elastomer Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Thermoplastic Elastomer Market
FIG 4 Porter’s Five Forces Analysis – Thermoplastic Elastomer Market
FIG 5 Asia Pacific Thermoplastic Elastomer Market share by Material, 2022
FIG 6 Asia Pacific Thermoplastic Elastomer Market share by Material, 2030
FIG 7 Asia Pacific Thermoplastic Elastomer Market by Material, 2019 - 2030, USD Million
FIG 8 Asia Pacific Thermoplastic Elastomer Market share by Application, 2022
FIG 9 Asia Pacific Thermoplastic Elastomer Market share by Application, 2030
FIG 10 Asia Pacific Thermoplastic Elastomer Market by Application, 2019 - 2030, USD Million
FIG 11 Asia Pacific Thermoplastic Elastomer Market share by Country, 2022
FIG 12 Asia Pacific Thermoplastic Elastomer Market share by Country, 2030
FIG 13 Asia Pacific Thermoplastic Elastomer Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Arkema S.A.
FIG 15 Recent strategies and developments: BASF SE
FIG 16 SWOT Analysis: Basf Se
FIG 17 Swot Analysis: China Petrochemical Corporation
FIG 18 Recent strategies and developments: Evonik Industries AG
FIG 19 SWOT Analysis: Evonik Industries AG
FIG 20 SWOT Analysis: Huntsman Corporation
FIG 21 SWOT Analysis: The Dow Chemical Company
FIG 22 SWOT Analysis: Covestro AG
FIG 23 SWOT Analysis: Mitsubishi Chemical Holdings Corporation
FIG 24 SWOT Analysis: DuPont de Nemours, Inc.
FIG 25 SWOT Analysis: Asahi Kasei Corporation