NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET 2023-2030

According to Triton’s report, the thermoplastic elastomers market in North America is expected to advance in revenue and volume at a compound annual growth rate of 6.27% and 2.51%, respectively, during the forecasting years 2023-2030.

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The countries studied in the region are:

• United States

• Canada

The North American region is primarily focusing on the construction sector to attract foreign investment and acquire new construction technologies, which is expected to boost the region’s construction industry. Increasing income levels and ongoing innovation have also led to rising demand and production in the electronics industry. This, in turn, drives the demand for thermoplastic elastomers in electronic and construction applications. Consequently, the growth in the automotive industry is expected to fuel the demand for thermoplastic elastomers over the forecast period.

The United States leads the region’s market with a major share. This is because the country is a major consumer of TPE and plays a significant role in the tire and automotive product sectors. Over the past decade, the automotive sector has experienced substantial growth. This expansion creates opportunities for the thermoplastic elastomers market to a large extent.

Further, the US electronics sector is poised to maintain its leadership throughout the forecast period. This is attributed to the adoption of advanced technology, the proliferation of R&D centers, and growing consumer demand. The electronics industry witnesses substantial demand for faster and more innovative products, driven by the rapid pace of technological advancements and R&D efforts. This surge is expected to fuel the demand for thermoplastic elastomers in the foreseeable future.

Elastomeric Alloys, also known as TPVs, are thermoplastic blends that combine elastomers like EPDM, EPR, SBS, polybutadiene (BR), or butyl rubber (IIR) with a small amount of thermoplastic matrix, usually polyethylene or polypropylene. The automotive sector is the largest consumer of TPVs. Typical TPV automotive applications include hose coverings, ignition components, convoluted boots, seals, vibration dampeners, air inlet duct covers, bushings, strut covers, and window seals. The market is broadly segmented into material type and industry vertical. Based on material type, it is categorized into elastomeric alloy, polyurethane, polystyrene, polyolefin, polyamide, and other material types.

The companies thriving in the market include Kraton Corporation, The Dow Chemical Company, LG Chem Ltd, Lubrizol Corporation, and Evonik Industries AG.

Kraton Corporation, formerly known as Kraton Performance Polymers, is a major producer of styrenic block copolymers (SBCs) and engineered polymers. It markets products under three distinct brands: Kraton, Cariflex, and NEXARTM. Its products find applications in adhesives, coatings, consumer and personal care items, sealants, lubricants, medical, packaging, automotive, paving, roofing, and footwear products. With a global presence, Kraton is headquartered in Houston, Texas, US.

Key deliverables of the report:

● Market CAGR during the forecasting years 2023-2030

● Detailed data highlighting key insights, industry components, and market strategies

● Comprehensive information and estimation of the thermoplastic elastomers market revenue growth in North America and its influence on the parent market

● In-depth study of forthcoming trends in consumer behavioral patterns

● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

● A wide-ranging study of factors that will challenge the NA thermoplastic elastomers market’s growth during the upcoming years

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Major Players in the Market

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Table of Content

1. NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. PARENT MARKET ANALYSIS

2.2. IMPACT ANALYSIS ON THE THERMOPLASTIC ELASTOMERS MARKET

2.2.1. COVID-19 IMPACT

2.2.2. IMPACT OF RUSSIA-UKRAINE WAR

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. INDUSTRY COMPONENTS

2.4.1. RAW MATERIALS MANUFACTURER

2.4.2. POLYMER COMPOUNDING

2.4.3. END-USER

2.5. REGULATORY FRAMEWORK

2.6. KEY MARKET STRATEGIES

2.6.1. COLLABORATIONS

2.6.2. PRODUCT LAUNCHES

2.6.3. MERGERS & ACQUISITIONS

2.6.4. BUSINESS DIVESTITURES & EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. APPLICATION OF THERMOPLASTIC ELASTOMER AS A SUBSTITUTE FOR THERMOSET ELASTOMER

2.7.2. INTRODUCTION OF 3-D PRINTING TECHNOLOGY

2.7.3. GROWING DEMAND IN THE AUTOMOTIVE SECTOR

2.8. MARKET CHALLENGES

2.8.1. REDUCED VOLUME CONSUMPTION DUE TO THE LIGHTWEIGHT AND MINIATURIZATION TRENDS

2.8.2. PRICE FLUCTUATIONS IN RAW MATERIALS

2.9. MARKET OPPORTUNITIES

2.9.1. LIGHTWEIGHT MATERIALS SUPPORT PRODUCT WEIGHT REDUCTION

2.9.2. GROWING USE OF THERMOPLASTIC ELASTOMERS IN RECYCLABILITY IMPROVEMENT PROJECTS

2.9.3. THERMOPLASTIC ELASTOMERS SUPPORT IN CO2 EMISSION REDUCTION

2.10. ANALYST PERSPECTIVE

3. NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET – BY MATERIAL TYPE

3.1. POLYSTYRENE

3.2. POLYAMIDE

3.3. POLYOLEFIN

3.4. POLYURETHANE

3.5. ELASTOMERIC ALLOY

3.6. OTHER MATERIAL TYPES

4. NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET – BY INDUSTRY VERTICAL

4.1. MEDICAL

4.2. BUILDING & CONSTRUCTION

4.3. INDUSTRIAL

4.4. CONSUMER GOODS

4.5. ELECTRICAL & ELECTRONICS

4.6. AUTOMOTIVE

4.7. OTHER INDUSTRY VERTICALS

5. NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET – BY COUNTRY OUTLOOK

5.1. UNITED STATES

5.1.1. UNITED STATES THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.2. CANADA

5.2.1. CANADA THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

6. COMPETITIVE LANDSCAPE

6.1. ARKEMA SA

6.1.1. OVERVIEW

6.1.2. PRODUCT PORTFOLIO

6.1.3. KEY STRENGTHS

6.1.4. KEY CHALLENGES

6.2. BASF SE

6.2.1. OVERVIEW

6.2.2. PRODUCT PORTFOLIO

6.2.3. KEY STRENGTHS

6.2.4. KEY CHALLENGES

6.3. ASAHI KASEI CORPORATION

6.3.1. OVERVIEW

6.3.2. PRODUCT PORTFOLIO

6.3.3. KEY STRENGTHS

6.3.4. KEY CHALLENGES

6.4. COVESTRO AG

6.4.1. OVERVIEW

6.4.2. PRODUCT PORTFOLIO

6.4.3. KEY STRENGTHS

6.4.4. KEY CHALLENGES

6.5. DYNASOL GROUP

6.5.1. OVERVIEW

6.5.2. PRODUCT PORTFOLIO

6.5.3. KEY STRENGTHS

6.5.4. KEY CHALLENGES

6.6. THE DOW CHEMICAL COMPANY

6.6.1. OVERVIEW

6.6.2. PRODUCT PORTFOLIO

6.6.3. KEY STRENGTHS

6.6.4. KEY CHALLENGES

6.7. EVONIK INDUSTRIES AG

6.7.1. OVERVIEW

6.7.2. PRODUCT PORTFOLIO

6.7.3. KEY STRENGTHS

6.7.4. KEY CHALLENGES

6.8. LG CHEM LTD

6.8.1. OVERVIEW

6.8.2. PRODUCT PORTFOLIO

6.8.3. KEY STRENGTHS

6.8.4. KEY CHALLENGES

6.9. LUBRIZOL CORPORATION

6.9.1. OVERVIEW

6.9.2. PRODUCT PORTFOLIO

6.9.3. KEY STRENGTHS

6.9.4. KEY CHALLENGES

6.10. KRATON CORPORATION

6.10.1. OVERVIEW

6.10.2. PRODUCT PORTFOLIO

6.10.3. KEY STRENGTHS

6.10.4. KEY CHALLENGES

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN KILOTON)

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: LIST OF COLLABORATIONS

TABLE 5: LIST OF PRODUCT LAUNCHES

TABLE 6: LIST OF MERGERS & ACQUISITIONS

TABLE 7: LIST OF BUSINESS DIVESTITURES & EXPANSIONS

TABLE 8: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY MATERIAL TYPE, 2023-2030 (IN $ MILLION)

TABLE 9: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY INDUSTRY VERTICAL, 2023-2030 (IN $ MILLION)

TABLE 10: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 11: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN KILOTON)

List of Figures

FIGURE 1: INDUSTRY COMPONENTS

FIGURE 2: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY MATERIAL TYPE, 2022 & 2030 (IN %)

FIGURE 3: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY POLYSTYRENE, 2023-2030 (IN $ MILLION)

FIGURE 4: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY POLYAMIDE, 2023-2030 (IN $ MILLION)

FIGURE 5: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY POLYOLEFIN, 2023-2030 (IN $ MILLION)

FIGURE 6: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY POLYURETHANE, 2023-2030 (IN $ MILLION)

FIGURE 7: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY ELASTOMERIC ALLOY, 2023-2030 (IN $ MILLION)

FIGURE 8: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY OTHER MATERIAL TYPES, 2023-2030 (IN $ MILLION)

FIGURE 9: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY INDUSTRY VERTICAL, 2022 & 2030 (IN %)

FIGURE 10: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY MEDICAL, 2023-2030 (IN $ MILLION)

FIGURE 11: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY BUILDING & CONSTRUCTION, 2023-2030 (IN $ MILLION)

FIGURE 12: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)

FIGURE 13: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY CONSUMER GOODS, 2023-2030 (IN $ MILLION)

FIGURE 14: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY ELECTRICAL & ELECTRONICS, 2023-2030 (IN $ MILLION)

FIGURE 15: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY AUTOMOTIVE, 2023-2030 (IN $ MILLION)

FIGURE 16: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY OTHER INDUSTRY VERTICALS, 2023-2030 (IN $ MILLION)

FIGURE 17: NORTH AMERICA THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 18: UNITED STATES THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 19: CANADA THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)