Global Copolyester Elastomers Market Size Study, by Type (Injection Molding, Blow Molding, Others), by Application (Automotive, Electrical, Industrial, Medical, Others) and Regional Forecasts 2022-2032
The Global Copolyester Elastomers Market is valued at approximately USD 1.12 billion in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 7.1% during the forecast period of 2024-2032. Copolyester elastomers, known for their unique combination of flexibility, strength, and durability, are rapidly gaining traction across diverse industries such as automotive, healthcare, and industrial applications. These high-performance materials offer an excellent balance between mechanical strength and elasticity, enabling their use as substitutes for traditional rubbers and plastics. Additionally, advancements in manufacturing technologies and the rising emphasis on sustainability have made copolyester elastomers a preferred choice for industries looking to meet stringent performance and environmental standards.
The increasing demand for lightweight materials in the automotive sector is one of the primary drivers propelling the growth of the copolyester elastomers market. Automakers are prioritizing fuel efficiency and emission reduction, which has led to the adoption of innovative materials that deliver superior performance without adding significant weight to vehicles. Moreover, the healthcare industry is witnessing a paradigm shift toward non-toxic, recyclable, and non-allergenic materials, further fueling the demand for copolyester elastomers in medical devices and applications. These elastomers are increasingly being utilized in medical tubing, IV bags, and syringe stoppers, replacing conventional materials like PVC and silicone due to their superior safety and environmental benefits.
The growing consumer preference for sustainable and biodegradable materials is a notable trend shaping the market landscape. Industries are increasingly adopting copolyester elastomers to align with global sustainability goals. The versatility of these materials allows their application in diverse end-use industries, including electrical, industrial, and consumer goods, enhancing their market potential. However, challenges such as high production costs and limited awareness in emerging economies may slightly hamper the market growth during the forecast period.
The Asia Pacific region dominated the copolyester elastomers market in 2024, accounting for the largest revenue share, driven by rapid industrialization, growing automotive production, and the demand for lightweight materials. Countries such as China and India are at the forefront of adopting copolyester elastomers, supported by favorable government regulations promoting fuel efficiency and reduced emissions. Meanwhile, Latin America is expected to exhibit the fastest growth during the forecast period, fueled by rising investments in the automotive and industrial sectors and a growing emphasis on sustainability. North America and Europe remain key regions, driven by robust demand from the automotive and healthcare industries, coupled with advanced manufacturing capabilities.
Major market players included in this report are:
BASF SE
DuPont
Arkema Group
Eastman Chemical Company
Celanese Corporation
PolyOne Corporation (Avient)
Mitsubishi Chemical Corporation
DSM Engineering Plastics
Kuraray Co., Ltd.
LyondellBasell Industries N.V.
SABIC
Teknor Apex Company
ExxonMobil Chemical
RTP Company
LG Chem
The detailed segments and sub-segment of the market are explained below:
By Type:
Injection Molding
Blow Molding
Others
By Application:
Automotive
Electrical
Industrial
Medical
Others
By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Denmark
Sweden
Norway
Asia Pacific
China
India
Japan
Australia
South Korea
Indonesia
Vietnam
Latin America
Brazil
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
Years considered for the study are as follows:
Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032
Key Takeaways:
Market estimates & forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.
Table of Contents
Chapter 1. Global Copolyester Elastomers Market Executive Summary
1.1. Global Copolyester Elastomers Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Type
1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Copolyester Elastomers Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Copolyester Elastomers Market Dynamics
3.1. Market Drivers
3.1.1. Rising Demand for Lightweight and High-Performance Materials
3.1.2. Advancements in Manufacturing Technologies
3.1.3. Growing Adoption in Automotive and Healthcare Sectors
3.2. Market Challenges
3.2.1. High Production Costs of Specialty Materials
3.2.2. Limited Awareness in Emerging Economies
3.3. Market Opportunities
3.3.1. Increasing Demand for Sustainable and Biodegradable Solutions
3.3.2. Expanding Applications in Medical and Industrial Sectors
Chapter 4. Global Copolyester Elastomers Market Industry Analysis
4.1. Porter's Five Forces Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Copolyester Elastomers Market Size & Forecast by Type (2022-2032)
5.1. Segment Dashboard
5.2. Global Copolyester Elastomers Market: Type Revenue Trend Analysis, 2022-2032 (USD Billion)
5.2.1. Injection Molding
5.2.2. Blow Molding
5.2.3. Others
Chapter 6. Global Copolyester Elastomers Market Size & Forecast by Application (2022-2032)