| Product Code: ETC069467 | Publication Date: Jul 2023 | Updated Date: Feb 2026 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In the Indonesia thermoplastic elastomers market, the import trend showed a slight growth from 2023 to 2024, with a rate of 0.26%. However, the compound annual growth rate (CAGR) for the period 2020-2024 was -5.29%. This decline could be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.

Indonesia's Thermoplastic Elastomers market is anticipated to experience a growing growth rate of 9.61% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

Indonesia thermoplastic elastomers market is estimated to witness a heathyb CAGR in the near future. The market growth is driven by increasing demand from various end-user industries such as automotive, footwear and others. In addition, technological advancements in the production processes are expected to fuel the growth of Indonesia`s thermoplastic elastomers market over the forecast period.
The major factors driving the market include increasing demand for lightweight materials from numerous end user industries such as automotive and footwear sectors due to their superior properties like flexibility & elasticity along with high strength and durability; rising consumer preference towards environment friendly materials; growing focus on manufacturing sustainable products by using ecofriendly raw material resources; shifting trends towards designing innovative products coupled with advanced technologies like 3D printing technology, etc., have been boosting up the growth of thermoplastic elastomer industry in Indonesia.
Strict government regulations against polymeric waste disposal that affects industrial production process can hamper its market growth over outlook period. Moreover fluctuation in prices of raw material inputs may also affect profitability margins for manufacturers operating in this industry which could restrain further investments into developing better product lines or cost effective solutions which limits potential opportunities for new entrants into this space restrict overall prospects for players present within Indonesia thermoplastic elasotmer industry.
Key players operating in Indonesia Thermoplastic Elastomers Market are Arkema S.A., BASF SE Asahi Kasei Corporation , DowDuPont Inc., Dynasol Elastomers LLC , Evonik Industries AG , Huntsman International LLC , LG Chem Ltd., Mitsui Chemicals Inc., Polyone Corporation , Royal DSM NV among other domestic manufacturers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Thermoplastic Elastomers Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Thermoplastic Elastomers Market Revenues & Volume, 2020 & 2027F |
3.3 Indonesia Thermoplastic Elastomers Market - Industry Life Cycle |
3.4 Indonesia Thermoplastic Elastomers Market - Porter's Five Forces |
3.5 Indonesia Thermoplastic Elastomers Market Revenues & Volume Share, By Products, 2020 & 2027F |
3.6 Indonesia Thermoplastic Elastomers Market Revenues & Volume Share, By End users, 2020 & 2027F |
4 Indonesia Thermoplastic Elastomers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in various industries |
4.2.2 Growing automotive and construction sectors in Indonesia |
4.2.3 Rising awareness about the benefits of thermoplastic elastomers over traditional materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of skilled labor in the thermoplastic elastomers industry in Indonesia |
4.3.3 Stringent regulations and environmental concerns related to the use of thermoplastic elastomers |
5 Indonesia Thermoplastic Elastomers Market Trends |
6 Indonesia Thermoplastic Elastomers Market, By Types |
6.1 Indonesia Thermoplastic Elastomers Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Products, 2018 - 2027F |
6.1.3 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Thermoplastic Polyurethane, 2018 - 2027F |
6.1.4 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Thermoplastic Vulcanizates, 2018 - 2027F |
6.1.5 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Thermoplastic Polyolefins, 2018 - 2027F |
6.1.6 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Copolymer Esters, 2018 - 2027F |
6.1.7 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Styrene Block Copolymer, 2018 - 2027F |
6.1.8 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Others, 2018 - 2027F |
6.2 Indonesia Thermoplastic Elastomers Market, By End users |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Automotive & Transportation, 2018 - 2027F |
6.2.3 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Building & Construction, 2018 - 2027F |
6.2.4 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Appliances & Whitegoods, 2018 - 2027F |
6.2.5 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Footwear, 2018 - 2027F |
6.2.6 Indonesia Thermoplastic Elastomers Market Revenues & Volume, By Others, 2018 - 2027F |
7 Indonesia Thermoplastic Elastomers Market Import-Export Trade Statistics |
7.1 Indonesia Thermoplastic Elastomers Market Export to Major Countries |
7.2 Indonesia Thermoplastic Elastomers Market Imports from Major Countries |
8 Indonesia Thermoplastic Elastomers Market Key Performance Indicators |
8.1 Percentage of companies in Indonesia using thermoplastic elastomers in their manufacturing processes |
8.2 Research and development investment in new thermoplastic elastomers technologies |
8.3 Number of patents filed for thermoplastic elastomers innovations |
8.4 Adoption rate of thermoplastic elastomers in emerging applications |
8.5 Rate of growth in the thermoplastic elastomers market compared to overall polymer market in Indonesia |
9 Indonesia Thermoplastic Elastomers Market - Opportunity Assessment |
9.1 Indonesia Thermoplastic Elastomers Market Opportunity Assessment, By Products, 2020 & 2027F |
9.2 Indonesia Thermoplastic Elastomers Market Opportunity Assessment, By End users, 2020 & 2027F |
10 Indonesia Thermoplastic Elastomers Market - Competitive Landscape |
10.1 Indonesia Thermoplastic Elastomers Market Revenue Share, By Companies, 2020 |
10.2 Indonesia Thermoplastic Elastomers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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