North America Thermoplastic Polyester Elastomer Market Size & Outlook
North America thermoplastic polyester elastomer market, 2019-2030 (US$M)
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North America thermoplastic polyester elastomer market highlights
- The North America thermoplastic polyester elastomer market generated a revenue of USD 407.6 million in 2021.
- The market is expected to grow at a CAGR of 5.1% from 2022 to 2030.
- In terms of segment, injection molding was the largest revenue generating type in 2021.
- Injection Molding is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 407.6 million |
| Market revenue in 2030 | USD 637.3 million |
| Growth rate | 5.1% (CAGR from 2021 to 2030) |
| Largest segment | Injection molding |
| Fastest growing segment | Injection Molding |
| Historical data covered | 2019 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Injection Molding, Extrusion Molding, Blow Molding |
| Key market players worldwide | SABIC, DuPont de Nemours Inc, Basf SE, Covestro AG, Celanese Corp Class A, LG Chem, Mitsubishi Electric Corp, Arkema SA, Toyobo Co Ltd, Radici Group, Sunshine Global, Teijin Ltd, Chang Chun Group, Entec Polymers |
Other key industry trends
- In terms of revenue, North America region accounted for 27.8% of the global thermoplastic polyester elastomer market in 2021.
- Globally, Asia Pacific 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 774.7 million by 2030.
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Thermoplastic Polyester Elastomer Market Scope
Thermoplastic Polyester Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America thermoplastic polyester elastomer 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 thermoplastic polyester elastomer market will help companies and investors design strategic landscapes.
Injection molding was the largest segment with a revenue share of 68.42% in 2021. Horizon Databook has segmented the North America thermoplastic polyester elastomer market based on injection molding, extrusion molding, blow molding covering the revenue growth of each sub-segment from 2019 to 2030.
The North America region is one of the largest consumer of plastics owing to high demand in automotive, electrical & electronics, packaging, and construction sectors. TPEE & other polymers have many applications in each industry due to its versatile benefits, easy molding & desired shape formation. TPEE & other polymers have many applications in each industry due to its versatile benefits, easy molding & desired shape formation.
Many automobile manufacturers prefer plastic vehicle parts, which help the company to achieve low-cost production, and increases their bottom line. The U.S., which is a major market in North America, is characterized by technological advancements in TPEE production methods and high awareness among consumers regarding health and environmental effects of plastics.
Regulatory policies framed by EPA, FDA and other relative agencies are likely to act as a restraint force for growth, but the impact of this factor is expected to be mitigated by alternative production processes and sustainability through the life cycle of the product.
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Our clientele includes a mix of thermoplastic polyester elastomer 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 North America thermoplastic polyester elastomer market, including forecasts for subscribers. This continent databook contains high-level insights into North America thermoplastic polyester elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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North America thermoplastic polyester elastomer tpee market size, by country, 2019-2030 (US$M)
North America Thermoplastic Polyester Elastomer Market Share, 2021 & 2030 (US$M)
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