세계의 열가소성 코폴리에스테르 엘라스토머(TPC) 시장, 수요 분석 : 지역별, 용도별, 예측(-2034년)

Thermoplastic copolyester elastomers (TPCs) are high-performance materials that are used to combine the flexibility of rubber with the strength and processability of various plastics. These elastomers are composed of alternating hard and soft segments typically based on polybutylene terephthalate (PBT) and polyether, respectively formed through polycondensation reactions involving ether or ester diols with chain extenders such as butanediol and terephthalic acid. The resulting material offers excellent physical and mechanical strength, dynamic resilience, and chemical resistance.

As of 2024, the global TPC market is valued at approximately USD 1.35 billion and is projected to reach USD 2.2 billion by 2032, growing at a CAGR of 5.5%. Their versatility and compatibility with various processing methods, including injection and blow molding, have positioned TPCs as vital alternatives to metal and thermoset rubber components, particularly in automotive, medical, and industrial sectors.

Demand Analysis

The global demand for thermoplastic copolyester elastomers was over 155 kilo tons in 2024 and is expected to surpass 230 kilo tons by 2032, poised to grow at a CAGR of 4%. TPCs have found extensive applications in the automotive industry, where they are primarily used in constant velocity joint (CVJ) boots, air ducts, and a wide range of interior and under-the-hood components. Automotive applications account for about 50% of the global TPC demand, with CVJ boots and air ducts collectively representing two-thirds of that segment. Their ability to replace heavier or more rigid materials while maintaining strength and resilience supports ongoing industry goals related to fuel efficiency and emissions reduction. Beyond automotive, the materials are also used in medical tubing, consumer goods, electrical insulation, and food processing equipment due to their stability, flexibility, and resistance to oils and chemicals.

Regional Demand Analysis

Asia-Pacific dominates both production and demand for TPCs, accounting for over 38% of global demand in 2023, and is expected to cross 100 kilo tons by 2032 with a regional CAGR of 6%. The region benefits from strong automotive manufacturing hubs in China, India, South Korea, and Southeast Asia. Several global and regional automotive manufacturers are expanding production in these countries, further driving TPC consumption. China, including Taiwan, remains the largest producer in the region, with companies like Chang-Chung Group and Shinkong Group commanding about 90% of the domestic capacity. Meanwhile, developed markets in North America and Europe show steady demand, especially in performance-critical applications, but growth is comparatively slower due to market saturation and stricter regulatory landscapes.

Key Manufacturers

Leading global producers of thermoplastic copolyester elastomers include DuPont, Celanese, DSM, Eastman Chemicals, LG Chem, Toyobo, Jiangyin Hetron Elastomer New Materials Technology, Blue Ridge Tunhe Polyester Company, Hengli Group, Chang-Chung Group, Shinkong Group, SK Chemicals, and Samyang Corporation. These companies have established a strong presence in both mature and emerging markets, with ongoing investments in capacity expansion and R&D.

Market Driver: Rising demand from the automotive industry

A major driver for the TPC market is the growing emphasis on lightweighting in the automotive sector. With global environmental regulations pushing the industry toward fuel-efficient and lower-emission vehicles, manufacturers are increasingly replacing heavier metal parts and less versatile rubbers with high-performance thermoplastics like TPCs. These materials enable carmakers to meet strict performance requirements while contributing to weight reduction, better fuel economy, and compliance with international climate commitments such as the Paris Agreement.

Market Restraint: High Costs

A notable restraint in the TPC market is the relatively high cost of production, especially when compared to conventional rubbers and thermoplastics. The complexity of their synthesis, combined with the dependency on specialty monomers and strict moisture control during processing, results in higher manufacturing costs. This limits their use in price-sensitive applications and small-scale operations. Additionally, fluctuating raw material prices and supply chain disruptions-exacerbated by global events like the COVID-19 pandemic and semiconductor shortages-pose ongoing challenges for consistent market growth.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Application
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • 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 Elastomers (TPC) and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Thermoplastic Copolyester Elastomers (TPC) Demand Analysis, By Application (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018- 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Thermoplastic Copolyester Elastomers (TPC) 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), (2018- 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Thermoplastic Copolyester Elastomers (TPC) Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) 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 (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Thermoplastic Copolyester Elastomers (TPC) Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• Celanese
• Dow-DuPont
• DSM
• LG Chemical
• Toyobo
• 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