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Thermoplastic Copolyester Elastomers Market Analysis, By Demand, By Region, By Applications and Forecast Report Till 2032

Thermoplastic Copolyester Elastomers Market Overview

The thermoplastic copolyester market report says the thermoplastic copolyester market is USD 1.35 billion in 2023 forecast to reach USD 2.2 billion by 2032, at a CAGR of 5.5 % from 2023 to 2032. Thermoplastic elastomers (TPE) are a versatile type of plastic that exhibit properties of both plastics and rubbers. TPCs have become increasingly popular in many high-strength applications as a substitute for metals and rubbers, thanks to their exceptional physical, mechanical, and dynamic properties

Global Thermoplastic Copolyester Elastomers Demand Supply Until 2032 (Kilotons)
Global Thermoplastic Copolyesters (TPC) Market Demand Supply 2016-2032 (Kilo Tons)

Thermoplastic copolyester elastomers (TPC) are produced from polycondensation of long chain ether or ester diols with chain extender like butanediol with terephthalic acid. TPC contains hard segment of PBT and soft segment of amorphous polyether. Variation of properties is determined by the ratio and molecular weight of hard and soft segments. They have random distribution of hard and soft segments with random length sequences. Thermoplastic copolyester elastomers are processed with the conventional techniques of injection moulding, compression, blow moulding and rotational moulding. They can readily be extruded. Processing conditions are related to the melting temperatures of polymers and hence the morphology. To achieve ultimate properties, it is important that the polymers and compounds prepared from them are dry. High melt strength of TPC’s make them suitable for blow moulding.

Major Thermoplastic Copolyester Elastomers Producers, Capacity- 2023 (KiloTons)

Major Thermoplastic Copolyesters Producers, Capacity-2021 (Kilo Tons)

Thermoplastic Copolyester Elastomers Capacity

Global Thermoplastic Copolyester Elastomers production capacity was estimated to be around 345 kilotons in 2022. Countries like the USA, Japan, South Korea, and Western Europe witnessed higher capacity utilization rates. However, lower capacity utilization rates in China and ideal production facilities in the country have brought down the global average capacity utilization rates to around 55% between 2016 and 2021. Capacity utilization rates were further hit due to the global COVID-19 pandemic which led to a decline in demand from the automotive sector which was the worst hit in 2020. Nationwide lockdowns and lower consumer confidence impacted global car production which declined by around 16% as per OICA. The industry faced another setback due to the global semiconductor chip shortage, adding to the woes for automotive manufacturers. Asia-Pacific accounted for around 60% of the global Thermoplastic Copolyester Elastomers capacity in 2022 which is further projected to reach 67% by 2032.

Thermoplastic Copolyester Elastomers Key Players

Dupont, Toyobo, Celanese, DSM, Eastman Chemicals, Jiangyin Hetron Elastomer New Materials Technology Co., Ltd, LG Chem, Blue Ridge Tunhe Polyester Company, Hengli Group, Chang-Chung Group, Shinkong Group, SK Chemicals and Samyang Corporation are some of the leading Thermoplastic Copolyester Elastomers producers.

Thermoplastic Copolyester Elastomers Demand

The global Thermoplastic Copolyester Elastomers demand in 2023 was estimated to be over 155 kilotons and global demand is expected to grow to cross 230 kilotons by 2032, at a CAGR of 4% between 2023 and 2032. Key demand drivers for TPC have been their application in automotive applications especially, CVJ boots and air ducts, and medical and industrial applications.

Asia-Pacific accounted for over 38% of the global demand and it is poised to register a CAGR of 6% between 2023 and 2032 to cross 100 kilotons by 2032. As a result of the continued shift of automobile production away from the mature markets to the developing regions in Asia-Pacific, the demand for Thermoplastic Copolyester Elastomers in Asia-Pacific is projected to witness strong growth in the coming years. Asia-Pacific has the presence of countries in which the automotive industry plays an important role. The region has high predicted growth rates on the back of China, India, and other Asia-Pacific countries. Several automotive manufacturers have already announced their projects while other foreign players are likely to set up automotive plants in the region.

Thermoplastic Copolyester Elastomers Trade

Asia Pacific Thermoplastic Copolyester Elastomers exports have averaged around 9 kilotons between 2016 and 2021, predominantly towards the European region. China (including Taiwan) is the largest Thermoplastic Copolyester Elastomers producer in Asia Pacific with an installed capacity of over 160 kilotons in 2022. Chang-Chung Group, Shinkong Group, Blue Ridge Tunhe Polyester Company, Hengli Group Shanghai and Yitan New Material Co., Ltd., are the major Thermoplastic Copolyester Elastomers manufacturers in China, accounting whopping share of around 90% of the total country’s total capacity. 

Global Thermoplastic Copolyester Elastomers Demand, By Application - 2023 (KiloTons)

Global Thermoplastic Copolyesters Demand, By Application - 2021 (Kilo Tons)


Thermoplastic Copolyester Demand, By Application

Automotive remains the largest application of Thermoplastic Copolyester Elastomers with major use in making high-performance engineering components occupying around 50% of the overall Thermoplastic Copolyester Elastomers demand globally. Metal replacement has been a key driver of the use of Thermoplastic Copolyester Elastomers in the automobile industry. CVJ boots are the largest area with a share of 40% and air-ducts with a share of 27% globally. Other parts of automobiles such as airbag covers, torque couplings, door latch bumpers, gears, steering gear bellows, oil & gas cap seals, hinges, air brake tubing, air dams, body panels, weather stripping and armrests accounted for the remaining 33%. The stiffness and abrasion resistance of TPC makes it suitable for snowmobile tracks. The shifting trend from conventional thermoset rubbers like EPDM to TPCs is driving the demand for Thermoplastic Copolyester Elastomers in the automotive sector.

The growth opportunities for most of performance elastomers and other engineering plastics in the automotive industry are primarily linked with the industry’s drive for lower emissions and increased fuel efficiency. Thermoplastic Copolyester Elastomers to an extent also provide the option of replacement of metals with elastomers to reduce some weight of the vehicle to achieve fuel efficiency. These high-performance materials in coming years are more likely to play an important role across the automotive sectors to help meet the objectives of the Paris Climate Agreement like reducing the greenhouse gases in the environment.

Scope of Report 

The Thermoplastic Copolyesters report describes the global Thermoplastic Copolyesters market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)

•  Demand Analysis
•  Capacity 
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review

•  Demand Balance 
•  Thermoplastic Copolyesters Market data in terms of volume and value for each end-use at regional and country level
•  Thermoplastic Copolyesters Market analysis for capacity and demand, at the regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Application
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2023 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      • Automotive
      • Industrial
      • Medical
      • Consumer products
      • Electrical & Electronics 
      • Others 
5.  Introduction to Thermoplastic Copolyester and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges

7.  Global Thermoplastic Copolyester Demand Analysis, By Application, (Volume, Value) (2016–2032)

      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Thermoplastic Copolyester Market, By Application
          - Automotive
              - CVJ boots
              - Air ducts
              - Others
          - Electrical & Electronics
              - Connectors
              - Wire & Cables
          - Industrial
              - Belts
              - Seals
              - Hose & Tube
          - Medical
              - Tubing
              - First aid bandage/plaster
              - Medical Drapes And Gowns
         - Personal Care
              - Diapers
              - Dispensers
          - Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Thermoplastic Copolyester Market, By Application
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Recent Developments
         -  Companies Covered
             - Eastman Chemicals
             - Toyobo
             - Jiangyin Hetron Elastomer New Materials Technology Co., Ltd
             - Blue Ridge Tunhe Polyester Company
             - Hengli Group
             - Chang-Chung Group
             - Shinkong Group
             - SK Chemicals
             - Samyang Corporation
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Thermoplastic Copolyesters report describes the global Thermoplastic Copolyesters market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)

•  Demand Analysis
•  Capacity 
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review

•  Demand Balance 
•  Thermoplastic Copolyesters Market data in terms of volume and value for each end-use at regional and country level
•  Thermoplastic Copolyesters Market analysis for capacity and demand, at the regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations


Frequently Asked Questions

What is the current market size of global TPC market?
The thermoplastic copolyester market report says the thermoplastic copolyester market is USD 1.35 billion in 2023 forecast to reach USD 2.2 billion by 2032, at a CAGR of 5.5 % from 2023 to 2032.
Who are some of the key players in the global TPC market?
Dupont, Toyobo, Celanese, DSM, Eastman Chemicals, Jiangyin Hetron Elastomer New Materials Technology Co., Ltd, LG Chem, Blue Ridge Tunhe Polyester Company, Hengli Group, Chang-Chung Group, Shinkong Group, SK Chemicals and Samyang Corporation are some of the leading Thermoplastic Copolyester Elastomers producers.
Which applications are the largest consumers of TPC?
Automotive remains the largest application of TPC with major use in making high performance engineering components occupying around 50% of the overall TPC demand globally. Metal replacement has been a key driver of use of TPC in automobile industry. CVJ boots are the largest area with share of 40% and air-ducts with share of 27% globally. Other parts of automobile such as airbag covers, torque couplings, door latch bumpers, gears, steering gear bellows, oil & gas cap seals, hinges, air brake tubing, air dams, body panels, weather stripping and arm rests accounted for the remaining 33%.
Which region dominates the global TPC market?
Asia-Pacific accounted for over 38% of the global demand and it is poised to register a CAGR of 6% between 2022 and 2032 to cross 100 kilo tons by 2032