Asia-pacific Thermoplastic Elastomers Market 2023-2030

Asia-pacific Thermoplastic Elastomers Market 2023-2030



Market Outlook

Triton’s research report on the thermoplastic elastomers market in Asia-Pacific is expected to register a CAGR of 6.46% in revenue and 2.70% in volume during the forecast period 2023-2030. China, Japan, India, South Korea, Australia, ASEAN countries, and Rest of Asia-Pacific are considered in the given region.

Japan, the world’s third-largest economy, has emerged as a significant player in the global automotive industry. Its substantial investments in automobile research and development have fueled the expansion of the tire industry. Moreover, the shift towards energy-efficient vehicles to reduce expenses and foster future technology has increased. Given the automotive sector’s growth, the demand for thermoplastic elastomers for tire production is expected to elevate, driving the overall market.

India hosts the fourth-largest tire industry globally, following China and the US. In this regard, the nation’s TPE consumption in the automotive industry has soared in recent years. The Indian tire industry confronts challenges stemming from rising raw material costs and tire manufacturers’ drive for operational modernization. Manufacturers aim to cater to various vehicle types, including passenger cars, buses, military vehicles, motorcycles, and trucks.

Competitive Outlook

The companies listed in the thermoplastic elastomers market include Arkema SA, BASF SE, Dynasol Group, Asahi Kasei Corporation, and LG Chem Ltd.


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
Table List
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)
Figure List
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)

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