North America Thermoplastic Elastomers Market, By Product Type (Styrenic Block Copolymer, Thermoplastic Polyurethane, Thermoplastic Polyolefins, Thermoplastic Vulcanizates, Copolyester Ether Elastomers, Polyether Block Amide Elastomers, Polyether-Ester Elastomer), Application (Automotive Building & Construction, Footwear, Engineering Adhesives, Sealants & Coatings, Wires & Cables, Medical, Advanced Materials, Others), Country (U.S., Canada, Mexico)-Industry Trends and Forecast to 2029
Market Analysis and Insights : North America Thermoplastic Elastomers Market
The thermoplastic elastomers market is expected to witness market growth at a rate of 6% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thermoplastic elastomers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand from medical industry is escalating the growth of thermoplastic elastomers market.
Thermoplastic elastomers, also known as thermoplastic rubbers are a mix of polymers that consists of both thermoplastic and elastomeric properties. Thermoplastic elastomers are used in a variety of applications such as automotive, medical, construction, packaging among others.
Major factors that are expected to boost the growth of the thermoplastic elastomers market in the forecast period are the rise in the acceptance adoption of thermoplastic elastomers by the end-user verticals. Furthermore, thermoplastic elastomers are highly in demand and are utilized as a alternative for plastic components because of their physical and chemical qualities is further anticipated to propel the growth of the thermoplastic elastomers market. Moreover, the rise in the construction activities and infrastructural development operations is further estimated to cushion the growth of the thermoplastic elastomers market. On the other hand, the variations in the prices of raw materials is further projected to impede the growth of the thermoplastic elastomers market in the timeline period.
In addition, the growing need for bio-based thermoplastic elastomers will further provide potential opportunities for the growth of the thermoplastic elastomers market in the coming years. However, the lack of skilled professionals might further challenge the growth of the thermoplastic elastomers market in the near future.
This thermoplastic elastomers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the thermoplastic elastomers market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
North America Thermoplastic Elastomers Market Scope and Market Size
The thermoplastic elastomers market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin product type, the thermoplastic elastomers market is segmented into styrenic block copolymer, thermoplastic polyurethane, thermoplastic polyolefins, thermoplastic vulcanizates, copolyester ether elastomers, polyether block amide elastomers and polyether-ester elastomer. Styrenic block copolymer is further segmented into styrene butadiene styrene (SBS), styrene isoprene styrene (SIS) and hydrogenated styrene block copolymers (HSBC). Thermoplastic polyurethane is further segmented into polyester, polyether and polycaprolactone. Thermoplastic polyolefins is further segmented into polyethylene and polypropylene.
- On the basis of application, the thermoplastic elastomers market is segmented into automotive building & construction, footwear, engineering adhesives, sealants & coatings, wires & cables, medical and advanced materials and others.
Thermoplastic Elastomers Market Country Level Analysis
The thermoplastic elastomers market is analyzed, and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the thermoplastic elastomers market report are the U.S., Canada and Mexico in North America.
United States dominates the thermoplastic elastomers market due to the advancing countries. Furthermore, the rise in the construction industry will further boost the growth of the thermoplastic elastomers market during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermoplastic Elastomers Market Share Analysis
The thermoplastic elastomers market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the thermoplastic elastomers market.
Some of the major players operating in the thermoplastic elastomers market are Dow, LyondellBasell Industries Holdings B.V., DuPont, Arkema S.A., Dynasol Elastomers LLC, Huntsman International LLC., Kraton Corporation, Exxon Mobil Corporation, Polyone Corporation, LCY Group, Celanese Corporation, Teknor Apex and The Lubrizol Corporation among others.
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