ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET 2023-2030

Chemicals & Materials | Plastic

ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET 2023-2030

Market by Material Type, Industry Vertical, and Country Outlook | Forecast 2023-2030

Request For Customization

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

Triton’s analysis states that the Asia-Pacific thermoplastic elastomers market is estimated to register with a CAGR of 6.46% in revenue and 2.70% in volume during the forecast period 2023-2030.


Report scope can be customized per your requirements - Request Free Sample Report 

The countries examined in the studied region include:

•         China

•         Japan

•         South Korea

•         India

•         Australia

•         ASEAN Countries

•         Rest of Asia-Pacific

The Asia-Pacific region is expected to grow significantly due to the increasing demand for construction materials. This surge in infrastructure development coincides with a rapid increase in urbanization, spurring a greater need for affordable housing and commercial properties. In this regard, rapid urbanization is anticipated to surge TPE demand in the coming years. Moreover, the region has witnessed an increased demand for styrene-butadiene, primarily driven by the booming packaging sector. Hence, such industrial developments open significant opportunities for the Asia-Pacific thermoplastic elastomers market.

China captures the highest share of the studied market. The nation’s TPE market comprises numerous local small-to-medium-sized players, with several Tier 1 players acquiring or partnering with local rubber manufacturers. Despite China’s status as the world’s largest consumer of TPE, its vehicles per capita remain comparatively low compared to many other nations. This lower ratio can be attributed to various factors, including the rising labor cost. Nevertheless, the growing global demand for tires has prompted Chinese manufacturers to produce environmentally friendly tires, elevating the demand for thermoplastic elastomers. This, in turn, supports the reviewed market’s expansion to a large extent.

Japan, the world’s third-largest economy, has emerged as a prominent player in the global automotive industry. This is owing to substantial investments in automotive research and development, benefitting the studied market. Japan is progressively embracing energy-efficient vehicles to enhance cost-effectiveness and explore future technologies. However, domestic tire demand in Japan remains modest, resulting in a slower thermoplastic elastomers market growth compared to other Asian nations.

Thermoplastic elastomers (TPEs) are advanced materials progressively replacing conventional plastics and traditional elastomers due to their exceptional performance. TPEs are at the forefront of material development, offering extensive opportunities to combine elastic and thermoplastic properties. Approximately 40% of global TPE consumption is in the automotive sector, primarily utilized in belts, hoses, bellows, gaskets, sound insulation, flooring, and instrument panel coverings.

The market growth is assessed in terms of industry vertical and material type. Based on industry vertical, it is sectioned into automotive, medical, building & construction, consumer goods, electrical & electronics, industrial, and other industry verticals.

The renowned companies in the market consist of Dynasol Group, Asahi Kasei Corporation, Arkema SA, BASF SE, Covestro AG, and The Dow Chemical Company.

Asahi Kasei Corporation is primarily involved in various industries, including chemicals, fibers, housing, construction materials, electronics, and healthcare. Its product portfolio encompasses a wide range, including acrylonitrile, polymers, styrene, foam insulation panels, diagnostic reagents, foundation systems, adipic acid, polystyrene, membrane filtration systems, functional additives, ion-exchange membranes, and medical devices. These products are offered under brands such as Roica, Bemberg, Eltas, Lamous, and Bemliese. Asahi Kasei operates in multiple regions, headquartered in Tokyo, Japan.

Key deliverables of the report:

      Market CAGR during the forecasting years 2023-2030

      Detailed data highlighting key insights, industry components, and market strategies

      Comprehensive information and estimation of the thermoplastic elastomers market revenue growth in the Asia-Pacific and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

      A wide-ranging study of factors that will challenge the APAC thermoplastic elastomers market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

Related Reports

ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET 2019-2027
Chemicals & Materials

ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET 2019-2027

Market Segmented By Type, Appl ..

VIEW REPORT
ASIA-PACIFIC  POLYLACTIC ACID MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC POLYLACTIC ACID MARKET 2019-2028

Market By Raw Material, End-us ..

VIEW REPORT
ASIA-PACIFIC ACTIVATED CARBON MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC ACTIVATED CARBON MARKET 2019-2028

Market by Type, Raw Material, ..

VIEW REPORT
ASIA-PACIFIC ADHESIVES MARKET 2021-2028
Chemicals & Materials

ASIA-PACIFIC ADHESIVES MARKET 2021-2028

Market by Technology, Type, En ..

VIEW REPORT
ASIA-PACIFIC ADVANCED GLASS MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC ADVANCED GLASS MARKET 2019-2028

Market by Function, Product Ty ..

VIEW REPORT
ASIA-PACIFIC AESTHETIC FILLER MARKET 2019-2028
Chemicals & Materials

ASIA-PACIFIC AESTHETIC FILLER MARKET 2019-2028

Market by Product Type, Applic ..

VIEW REPORT
ASIA-PACIFIC ALUMINUM MARKET 2023-2030
Chemicals & Materials

ASIA-PACIFIC ALUMINUM MARKET 2023-2030

Market by Product, Industry Ve ..

VIEW REPORT
ASIA-PACIFIC ASEPTIC PACKAGING MARKET 2021-2028
Chemicals & Materials

ASIA-PACIFIC ASEPTIC PACKAGING MARKET 2021-2028

Market by Type, Material, Indu ..

VIEW REPORT

Table of Content

1. ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. PARENT MARKET ANALYSIS

2.2. IMPACT ANALYSIS ON THE THERMOPLASTIC ELASTOMERS MARKET

2.2.1. COVID-19 IMPACT

2.2.2. IMPACT OF RUSSIA-UKRAINE WAR

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET MATURITY ANALYSIS

2.5. INDUSTRY COMPONENTS

2.5.1. RAW MATERIALS MANUFACTURER

2.5.2. POLYMER COMPOUNDING

2.5.3. END-USER

2.6. REGULATORY FRAMEWORK

2.7. KEY MARKET STRATEGIES

2.7.1. COLLABORATIONS

2.7.2. PRODUCT LAUNCHES

2.7.3. MERGERS & ACQUISITIONS

2.7.4. BUSINESS DIVESTITURES & EXPANSIONS

2.8. MARKET DRIVERS

2.8.1. APPLICATION OF THERMOPLASTIC ELASTOMER AS A SUBSTITUTE FOR THERMOSET ELASTOMER

2.8.2. INTRODUCTION OF 3D PRINTING TECHNOLOGY

2.8.3. GROWING DEMAND IN THE AUTOMOTIVE SECTOR

2.9. MARKET CHALLENGES

2.9.1. REDUCED VOLUME CONSUMPTION DUE TO THE LIGHTWEIGHT AND MINIATURIZATION TRENDS

2.9.2. PRICE FLUCTUATIONS IN RAW MATERIALS

2.10. MARKET OPPORTUNITIES

2.10.1. LIGHTWEIGHT MATERIALS SUPPORT PRODUCT WEIGHT REDUCTION

2.10.2. GROWING USE OF THERMOPLASTIC ELASTOMERS IN RECYCLABILITY IMPROVEMENT PROJECTS

2.10.3. THERMOPLASTIC ELASTOMERS SUPPORT IN CO2 EMISSION REDUCTION

2.11. ANALYST PERSPECTIVE

3. ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET – BY MATERIAL TYPE

3.1. POLYSTYRENE

3.2. POLYAMIDE

3.3. POLYOLEFIN

3.4. POLYURETHANE

3.5. ELASTOMERIC ALLOY

3.6. OTHER MATERIAL TYPES

4. ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET – BY INDUSTRY VERTICAL

4.1. MEDICAL

4.2. BUILDING & CONSTRUCTION

4.3. INDUSTRIAL

4.4. CONSUMER GOODS

4.5. ELECTRICAL & ELECTRONICS

4.6. AUTOMOTIVE

4.7. OTHER INDUSTRY VERTICALS

5. ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET – BY COUNTRY OUTLOOK

5.1. CHINA

5.1.1. CHINA THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.2. JAPAN

5.2.1. JAPAN THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.3. INDIA

5.3.1. INDIA THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.4. SOUTH KOREA

5.4.1. SOUTH KOREA THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.5. ASEAN COUNTRIES

5.5.1. ASEAN COUNTRIES THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.6. AUSTRALIA & NEW ZEALAND

5.6.1. AUSTRALIA & NEW ZEALAND THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.7. REST OF ASIA-PACIFIC

5.7.1. REST OF ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

6. COMPETITIVE LANDSCAPE

6.1. ARKEMA SA

6.1.1. OVERVIEW

6.1.2. PRODUCT PORTFOLIO

6.1.3. KEY STRENGTHS

6.1.4. KEY CHALLENGES

6.2. BASF SE

6.2.1. OVERVIEW

6.2.2. PRODUCT PORTFOLIO

6.2.3. KEY STRENGTHS

6.2.4. KEY CHALLENGES

6.3. ASAHI KASEI CORPORATION

6.3.1. OVERVIEW

6.3.2. PRODUCT PORTFOLIO

6.3.3. KEY STRENGTHS

6.3.4. KEY CHALLENGES

6.4. COVESTRO AG

6.4.1. OVERVIEW

6.4.2. PRODUCT PORTFOLIO

6.4.3. KEY STRENGTHS

6.4.4. KEY CHALLENGES

6.5. DYNASOL GROUP

6.5.1. OVERVIEW

6.5.2. PRODUCT PORTFOLIO

6.5.3. KEY STRENGTHS

6.5.4. KEY CHALLENGES

6.6. THE DOW CHEMICAL COMPANY

6.6.1. OVERVIEW

6.6.2. PRODUCT PORTFOLIO

6.6.3. KEY STRENGTHS

6.6.4. KEY CHALLENGES

6.7. EVONIK INDUSTRIES AG

6.7.1. OVERVIEW

6.7.2. PRODUCT PORTFOLIO

6.7.3. KEY STRENGTHS

6.7.4. KEY CHALLENGES

6.8. LG CHEM LTD

6.8.1. OVERVIEW

6.8.2. PRODUCT PORTFOLIO

6.8.3. KEY STRENGTHS

6.8.4. KEY CHALLENGES

6.9. LUBRIZOL CORPORATION

6.9.1. OVERVIEW

6.9.2. PRODUCT PORTFOLIO

6.9.3. KEY STRENGTHS

6.9.4. KEY CHALLENGES

6.10. KRATON CORPORATION

6.10.1. OVERVIEW

6.10.2. PRODUCT PORTFOLIO

6.10.3. KEY STRENGTHS

6.10.4. KEY CHALLENGES

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN KILOTON)

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: LIST OF COLLABORATIONS

TABLE 5: LIST OF PRODUCT LAUNCHES

TABLE 6: LIST OF MERGERS & ACQUISITIONS

TABLE 7: LIST OF BUSINESS DIVESTITURES & EXPANSIONS

TABLE 8: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY MATERIAL TYPE, 2023-2030 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY INDUSTRY VERTICAL, 2023-2030 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN KILOTON)

List of Figures

FIGURE 1: INDUSTRY COMPONENTS

FIGURE 2: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY MATERIAL TYPE, 2022 & 2030 (IN %)

FIGURE 3: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY POLYSTYRENE, 2023-2030 (IN $ MILLION)

FIGURE 4: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY POLYAMIDE, 2023-2030 (IN $ MILLION)

FIGURE 5: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY POLYOLEFIN, 2023-2030 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY POLYURETHANE, 2023-2030 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY ELASTOMERIC ALLOY, 2023-2030 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY OTHER MATERIAL TYPES, 2023-2030 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY INDUSTRY VERTICAL, 2022 & 2030 (IN %)

FIGURE 10: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY MEDICAL, 2023-2030 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY BUILDING & CONSTRUCTION, 2023-2030 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY CONSUMER GOODS, 2023-2030 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY ELECTRICAL & ELECTRONICS, 2023-2030 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY AUTOMOTIVE, 2023-2030 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY OTHER INDUSTRY VERTICALS, 2023-2030 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 18: CHINA THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 19: JAPAN THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 20: INDIA THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 21: SOUTH KOREA THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 22: ASEAN COUNTRIES THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 23: AUSTRALIA & NEW ZEALAND THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 24: REST OF ASIA-PACIFIC THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

Purchase Options

  • Licence Type
  • Price
  • User/Sharing
  • Printing
  • Delivery Formats
  • Free customization (Pre-sale)
  • Analyst hour support (Post Sale)
  • Customized notification for newly published report
  • Free report on update (within 180 days)

Single User PDF

$1,500.00

  • User/Sharing
  • Restricted to one authorized user
  • Printing
  • Not printable
  • Delivery Formats
  • Pdf
  • Free customization (Pre-sale)
  • 10% Free customization
  • Analyst hour support (Post Sale)
  • 3 hours
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Enterprise Online/PDF

$2,200.00

  • User/Sharing
  • Unlimited
  • Printing
  • Unlimited
  • Delivery Formats
  • Pdf and market estimation excel
  • Free customization (Pre-sale)
  • 20% Free customization
  • Analyst hour support (Post Sale)
  • 8 hour
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Request free Sample

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying