Market Size of Asia-Pacific Thermoplastic Elastomer (TPE) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.50 % |
| Market Concentration | High |
Major Players_Market.webp)
*Disclaimer: Major Players sorted in no particular order |
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APAC Thermoplastic Elastomers Market Analysis
The Asia-Pacific thermoplastic elastomer market is estimated to witness a healthy growth, at an estimated CAGR of over 6.5%, over the forecast period. The major factors driving the growth of the market studied are extensive demand from the automotive industry and growing application in the HVAC industry.
- Growing demand for bio-based thermoplastic elastomers are likely to create opportunities for the market in the coming years.
- Volatility in raw material prices are expected to hinder the market demand in the future.
- China is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
