U.S. Thermoplastic Polyester Elastomer Market Size & Outlook
U.S. thermoplastic polyester elastomer market, 2019-2030 (US$M)
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U.S. thermoplastic polyester elastomer market highlights
- The U.S. thermoplastic polyester elastomer market generated a revenue of USD 306.5 million in 2021 and is expected to reach USD 484.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.2% 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.
Thermoplastic polyester elastomer market data book summary
| Market revenue in 2021 | USD 306.5 million |
| Market revenue in 2030 | USD 484.3 million |
| Growth rate | 5.2% (CAGR from 2021 to 2030) |
| Largest segment | Injection molding |
| Fastest growing segment | Injection Molding |
| Historical data | 2019 - 2020 |
| Base year | 2021 |
| Forecast period | 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, U.S. accounted for 20.9% of the global thermoplastic polyester elastomer market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. thermoplastic polyester elastomer market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 484.3 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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U.S. 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 68.38% in 2021. Horizon Databook has segmented the U.S. thermoplastic polyester elastomer market based on injection molding, extrusion molding, blow molding covering the revenue growth of each sub-segment from 2019 to 2030.
In 2007, shale gas discoveries led to a new source of natural gas in U.S. that brought the prices down and significantly increased the availability of natural gas liquids, including ethane, which is used to produce plastics.
This phenomenon reshaped the competitiveness of U.S. plastic resins globally. Before 2007, the U.S. was among the highest cost producers of ethylene globally. The country witnessed a sharp fall in ethylene prices due to increased production, which projected U.S. as one of lowest cost producers of ethylene by the end of 2010.
Following the discovery, many chemical producers tried to capitalize on the US shale advantage and invested around $80 billion dollars in the chemical manufacturing capacity building between 2009 and 2012, including USD 7 billion investments for a new thermoplastic plastic resin plant, which boosted the plastic production in the country.
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Target buyers of U.S. thermoplastic polyester elastomer market databook
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Our clientele includes a mix of thermoplastic polyester elastomer market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. thermoplastic polyester elastomer market, including forecasts for subscribers. This country databook contains high-level insights into U.S. thermoplastic polyester elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. Thermoplastic Polyester Elastomer Market Share, 2021 & 2030 (US$M)
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