Asia Pacific Bio-based Elastomers Market Size & Outlook
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Asia Pacific bio-based elastomers market highlights
- The Asia Pacific bio-based elastomers market generated a revenue of USD 64.1 million in 2021.
- The market is expected to grow at a CAGR of 15.6% from 2022 to 2030.
- In terms of segment, bio-based thermoplastic was the largest revenue generating product in 2021.
- Bio-based Thermoplastic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 64.1 million |
| Market revenue in 2030 | USD 236.9 million |
| Growth rate | 15.6% (CAGR from 2021 to 2030) |
| Largest segment | Bio-based thermoplastic |
| Fastest growing segment | Bio-based Thermoplastic |
| Historical data covered | 2019 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bio-based Thermoplastic, Bio-based Thermoset |
| Key market players worldwide | Dow Inc, Basf SE, Trinseo PLC, Asahi Kasei Corp, Mitsubishi Corp, Arkema SA, Goodyear Tire & Rubber Co, Kuraray Co Ltd, Wacker Chemie AG, Huntsman Corp, Covestro AG, Avient Corp, FKuR, ARLANXEO, Eni, The Lubrizol Corp, HEXPOL TPE, DSM |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.0% of the global bio-based elastomers market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 236.9 million by 2030.
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Bio-based Elastomers Market Scope
Bio-based Elastomers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| HEXPOL TPE | View profile | 251-500 | Åmål, Vastra Gotaland, Sweden, Europe | http://www.hexpoltpe.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | http://www.lubrizol.com/ |
| Eni | View profile | 10001+ | Rome, Lazio, Italy, Europe | http://www.eni.com/en_IT/home.html |
| ARLANXEO | View profile | 1001-5000 | Maastricht, Limburg, The Netherlands, Europe | http://arlanxeo.com/ |
| FKuR | View profile | 51-100 | Willich, Nordrhein-Westfalen, Germany, Europe | https://fkur.com/ |
| DSM | View profile | 10001+ | Heerlen, Limburg, The Netherlands, Europe | http://www.dsm.com |
| Avient Corp | View profile | 9300 | 33587 Walker Road, Avon Lake, OH, United States, 44012 | https://www.avient.com |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Kuraray Co Ltd | View profile | 13161 | Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8115 | http://www.kuraray.co.jp |
| Goodyear Tire & Rubber Co | View profile | 71000 | 200 Innovation Way, Akron, OH, United States, 44316-0001 | https://www.goodyear.com |
| Arkema SA | View profile | 11039 | 420 rue d’Estienne d’Orves, Colombes, France, 92700 | https://www.arkema.com |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Asahi Kasei Corp | View profile | 48897 | 1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, Japan, 101-8101 | http://www.asahi-kasei.co.jp |
| Trinseo PLC | View profile | 3100 | 440 East Swedesford Road, Suite 301, Wayne, PA, United States, 19087 | https://www.trinseo.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Asia Pacific bio-based elastomers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bio-based elastomers market will help companies and investors design strategic landscapes.
Bio-based thermoplastic was the largest segment with a revenue share of 76.44% in 2021. Horizon Databook has segmented the Asia Pacific bio-based elastomers market based on bio-based thermoplastic, bio-based thermoset covering the revenue growth of each sub-segment from 2019 to 2030.
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Target buyers of Asia Pacific bio-based elastomers market databook
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Our clientele includes a mix of bio-based elastomers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bio-based elastomers market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bio-based elastomers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific bio-based elastomers market outlook size, by country, 2019-2030 (US$M)
Asia Pacific Bio-based Elastomers Market Outlook Share, 2021 & 2030 (US$M)
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