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PUBLISHER: Grand View Research | PRODUCT CODE: 1869625
PUBLISHER: Grand View Research | PRODUCT CODE: 1869625
North America Thermoplastic Elastomer Market Size, Share & Trends Analysis Report By Grade, By Material, By Application, By Country, And Segment Forecasts, 2025 - 2033
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North America Thermoplastic Elastomer Market Summary
The North America thermoplastic elastomer market size was estimated at USD 5.76 billion in 2024 and is projected to reach USD 12.14 billion by 2033, growing at a CAGR of 8.8% from 2025 to 2033. The growing demand from the automotive, electrical & electronics, medical, and consumer goods industries is driving the North America thermoplastic elastomer (TPE) market.
The North America thermoplastic elastomer (TPE) market by grade is characterized by a diverse range of material formulations tailored to meet specific performance and processing requirements across key industries such as automotive, consumer goods, construction, medical, and electronics. The market encompasses various grades including standard, specialty, and high-performance TPEs, each offering distinct advantages in terms of flexibility, chemical resistance, and durability. The regional demand is driven by the growing preference for lightweight, recyclable, and cost-efficient materials, coupled with advancements in compounding technologies that enable enhanced mechanical and thermal properties.
Drivers, Opportunities & Restraints
The market for thermoplastic elastomers (TPE) in North America is fueled by the rising need for lightweight and recyclable materials in the production of automotive and consumer goods. The movement towards sustainable material options, along with strict regulations on fuel efficiency and emissions, is encouraging the substitution of traditional rubber and thermoset materials with TPEs. Furthermore, innovations in polymer blending and compounding techniques have enhanced the performance features of TPEs, facilitating their use in applications that demand excellent flexibility, weather resistance, and chemical durability.
In North America, an increasing emphasis on circular economy principles and the development of bio-based products provides substantial opportunities for the TPE market. The introduction of advanced grades made from renewable resources and post-consumer recycled materials corresponds with the changing sustainability objectives across various industries. The growing applications in sectors such as electric vehicles, medical devices, and consumer electronics are creating fresh avenues for growth, bolstered by innovations in TPE formulations that deliver improved performance, design versatility, and processing efficiency.
Even with significant growth potential, the TPE market in North America encounters obstacles due to varying raw material prices and lower heat resistance relative to traditional elastomers. Relying on petroleum-based resources raises environmental issues and price fluctuations, and the steep initial costs for processing and tooling may hinder entry into cost-sensitive markets. Additionally, established alternatives like thermoset rubbers in specific heavy-duty and high-temperature uses continue to limit wider acceptance.
North America Thermoplastic Elastomer Market Report Segmentation
This report forecasts revenue growth at the regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the North America thermoplastic elastomer market report on the basis of grade, material, application, and region:
- Grade Outlook (Revenue, USD Million; Volume, Kilotons; 2021 - 2033)
- Styrenic Block Copolymers
- Thermoplastic Polyolefins
- Thermoplastic Vulcanizates
- Thermoplastic Polyurethanes
- Thermoplastic Copolyester Elastomers
- Thermoplastic Polyamides
- Material Outlook (Revenue, USD Million; Volume, Kilotons; 2021 - 2033)
- Butadiene
- Styrene
- Propylene / Polypropylene
- Ethylene
- Plasticizers, Oils, Additives, Fillers
- Other materials
- Application Outlook (Revenue, USD Million; Volume, Kilotons; 2021 - 2033)
- Automotive
- Electrical & Electronics
- Industrial
- Medical
- Consumer Goods
- Other Applications
- Country Outlook (Revenue, USD Million; Volume, Kilotons; 2021 - 2033)
- U.S.
- Canada
- Mexico
Product Code: GVR-4-68040-777-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List to Data Sources
Chapter 2. Executive Summary
- 2.1 Market Snapshot 2024
- 2.2 Segment Snapshot (1/3)
- 2.3 Segment Snapshot (2/3)
- 2.4 Segment Snapshot (3/3)
- 2.5 Competitive Landscape Snapshot
Chapter 3. North America Thermoplastic Elastomer Market: Variables and Trends
- 3.1 Market Lineage Outlook
- 3.1.1 North America Elastomers Market
- 3.2 Average Price Trend Analysis, 2021 - 2033
- 3.2.1 Key Factors Influencing Price Trend
- 3.3 Industry Value Chain Analysis
- 3.3.1 Major Raw Material Trends
- 3.3.1.1 Styrenic Block Copolymers
- 3.3.1.2 Thermoplastic Polyolefin Elastomers
- 3.3.1.3 Thermoplastic Vulcanizates
- 3.3.1.4 Thermoplastic Polyurethane Elastomers
- 3.3.1.5 Thermoplastic Copolyester Elastomers
- 3.3.1.6 Thermoplastic Polyamide Elastomers
- 3.3.1 Major Raw Material Trends
- 3.4 Trade Statistics, Import and Export, 2024
- 3.4.1 HS 3901 - Polymers Of Ethylene (For TPES Based On Pe/Pp Blends, E.G., TPOs)
- 3.4.2 Hs 3902 - Polymers Of Propylene Or Other Olefins (Covers Many TPOS And TPVS)
- 3.4.3 Hs 3903 - Polymers Of Styrene (Covers SBCs, SBs, SEBs)
- 3.4.4 Hs 3904 - Polymers Of Vinyl Chloride And Other Halogenated Olefins (Less Common For TPEs)
- 3.4.5 Hs 3908 - Polyamides (For TPAEs - Thermoplastic Polyamides)
- 3.4.6 Hs 3909 - Amino-Resins, Phenolic Resins, Polyurethanes (Covers TPU - Thermoplastic Polyurethanes)
- 3.5 Technology Trends
- 3.5.1 Shift Toward Advanced Compounding & Blending Techniques
- 3.5.2 Adoption of Dynamic Vulcanization (TPV)
- 3.5.3 Expansion of SEBS and Olefin-Based TPEs for Soft-Touch Applications
- 3.5.4 Emergence of 3D Printing-Compatible TPEs
- 3.5.5 Advancements in Injection Molding Techniques
- 3.5.6 Shift Toward Eco-Friendly and Recyclable TPEs
- 3.5.7 Automation & Digitalization in TPE Processing
- 3.6 Regulatory Framework
- 3.6.1 Policies and Incentive Plans
- 3.6.2 Standards & Compliances
- 3.6.3 Safety
- 3.7 Market Dynamics
- 3.7.1 Market Driver Analysis
- 3.7.1.1 Robust Automotive Manufacturing & Lightweighting Trends
- 3.7.1.2 Booming e-commerce and quick commerce sector
- 3.7.2 Market Restraint Analysis
- 3.7.2.1 Raw Material Price Volatility
- 3.7.3 Industry Opportunities
- 3.7.4 Industry Challenges
- 3.7.1 Market Driver Analysis
- 3.8 Market Business Environment Analysis
- 3.8.1 Industry Analysis: Porter's Five Forces Model
- 3.8.2 Macroeconomic Environment Analysis
Chapter 4. North America Plastic Thermoplastic Elastomer: Grade Estimates & Trend Analysis
- 4.1 Grade Movement Analysis & Market Share Volume, 2024 & 2033
- 4.2 Grade Movement Analysis & Market Share Revenue, 2024 & 2033
- 4.3 North America Thermoplastic Elastomers Market Estimates & Forecasts, by Grade (Kilotons) (USD Million)
- 4.3.1 Styrenic Block Copolymers
- 4.3.1.1 North America Styrenic Block Copolymers Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.3.2 Thermoplastic Polyolefins
- 4.3.2.1 North America Thermoplastic Polyolefins Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.3.3 Thermoplastic Vulcanizates
- 4.3.3.1 North America Thermoplastic Vulcanizates Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.3.4 Thermoplastic Polyurethanes
- 4.3.4.1 North America Thermoplastic Polyurethanes Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.3.5 Thermoplastic Copolyester Elastomers
- 4.3.5.1 North America Thermoplastic Copolyester Elastomers Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.3.6 Thermoplastic Polyamides
- 4.3.6.1 North America Thermoplastic Polyamides Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.3.1 Styrenic Block Copolymers
Chapter 5. North America Plastic Thermoplastic Elastomer: Material Estimates & Trend Analysis
- 5.1 Material Movement Analysis & Market Share Volume, 2024 & 2033
- 5.2 Material Movement Analysis & Market Share Revenue, 2024 & 2033
- 5.3 North America Thermoplastic Elastomers Market Estimates & Forecasts, by Grade (Kilotons) (USD Million)
- 5.3.1 Butadiene
- 5.3.1.1 Butadiene Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 5.3.2 Styrene
- 5.3.2.1 Styrene Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 5.3.3 Propylene / Polypropylene
- 5.3.3.1 Propylene / Polypropylene Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 5.3.4 Ethylene
- 5.3.4.1 Ethylene Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 5.3.5 Plasticizers, Oils, Additives, Fillers
- 5.3.5.1 Plasticizers, Oils, Additives, Fillers Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 5.3.6 Other materials
- 5.3.6.1 Other materials Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 5.3.1 Butadiene
Chapter 6. North America Plastic Thermoplastic Elastomer: Application Estimates & Trend Analysis
- 6.1 Application Movement Analysis & Market Share Volume, 2024 & 2033
- 6.2 Application Movement Analysis & Market Share Revenue, 2024 & 2033
- 6.3 North America Thermoplastic Elastomers Market Estimates & Forecasts, by Grade (Kilotons) (USD Million)
- 6.3.1 Automotive
- 6.3.1.1 North America Thermoplastic Elastomer in Automotive Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.2 Electrical & Electronics
- 6.3.2.1 North America Thermoplastic Elastomer in Electrical & Electronics Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.3 Industrial
- 6.3.3.1 North America Thermoplastic Elastomer in Industrial Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.4 Medical
- 6.3.4.1 North America Thermoplastic Elastomer in Medical Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.5 Consumer Goods
- 6.3.5.1 North America Thermoplastic Elastomer in Consumer Goods Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.6 Other Applications
- 6.3.6.1 North America Thermoplastic Elastomer in Other Applications Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.1 Automotive
Chapter 7. North America Thermoplastic Elastomer Market: Country Estimates & Trend Analysis
- 7.1 North America Thermoplastic Elastomer Market: Country Outlook
- 7.1.1 U.S.
- 7.1.1.1 U.S. Thermoplastic Elastomer Market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 7.1.2 Canada
- 7.1.2.1 Canada Thermoplastic Elastomer Market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 7.1.3 Mexico
- 7.1.3.1 Mexico Thermoplastic Elastomer Market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 7.1.1 U.S.
Chapter 8. North America Thermoplastic Elastomer Market: Competitive Landscape
- 8.1 Recent Developments & Their Impact Analysis, by Key Market Participants
- 8.2 Company Categorization
- 8.3 Vendor Landscape
- 8.3.1 List Of Key Type Suppliers And Their Customers
- 8.3.2 List Of Key End-Users
- 8.4 Company Market Positioning Analysis, 2024
- 8.5 Strategy Mapping
- 8.5.1 Expansions
- 8.5.2 Mergers & Acquisitions
- 8.5.3 Product Launches
- 8.5.4 Partnerships/Collaborations
- 8.6 Company Heat Map Analysis
Chapter 9. Thermoplastic Elastomer Market: Company Profiles
- 9.1 Participant's Overview
- 9.2 Financial Performance
- 9.3 Product Benchmarking
- 9.3.1. ExxonMobil Chemical
- 9.3.2. Hexpol TPE
- 9.3.3. Mitsui Chemicals
- 9.3.4. Teknor Apex
- 9.3.5. Lubrizol Advanced Materials
- 9.3.6. Celanese Corporation
- 9.3.7. DIC Corporation
- 9.3.8. BASF SE
- 9.3.9. DSM Engineering Materials (DSM-Firmenich)
- 9.3.10. KRAIBURG TPE GmbH & Co. KG
Product Code: GVR-4-68040-777-1
List of Tables
- Table 1 North America Thermoplastic Elastomers Market Estimates and Forecasts, by Grade, 2021 - 2033 (Kilotons)
- Table 2 North America Thermoplastic Elastomers Market Estimates and Forecast, by Grade, 2021 - 2033 (USD Million)
- Table 3 North America Thermoplastic Elastomers Market Estimates and Forecasts, by Grade, 2021 - 2033 (Kilotons)
- Table 4 North America Thermoplastic Elastomers Market Estimates and Forecast, by Grade, 2021 - 2033 (USD Million)
- Table 5 North America Thermoplastic Elastomers Market Estimates and Forecasts, by Grade, 2021 - 2033 (Kilotons)
- Table 6 North America Thermoplastic Elastomers Market Estimates and Forecast, by Grade, 2021 - 2033 (USD Million)
- Table 7 Recent Developments & Their Impact Analysis, by Key Market Participants
- Table 8 List Of Key Raw Material Suppliers (Butadiene, Styrene, Propylene, Ethylene, Plasticizers/Oil, Additives/Fillers)
- Table 9 List Of Key TPE Suppliers And Their Customers
- Table 10 List Of Key End-Users
- Table 11 Key companies undergoing expansions
- Table 12 Key companies undergoing M&A
- Table 13 Key companies carrying out product launches
- Table 14 Key companies involved in partnerships/collaborations
List of Figures
- Fig. 1 North America Thermoplastic Elastomer Market Segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot, 2024
- Fig. 7 Segment snapshot, 2024 (1/3)
- Fig. 8 Segment snapshot, 2024 (2/3)
- Fig. 9 Segment snapshot, 2024 (3/3)
- Fig. 10 Competitive Landscape Snapshot, 2024
- Fig. 11 Average Price Trend Analysis, 2021 - 2033
- Fig. 12 North America Thermoplastic Elastomer Market - Industry Value Chain Analysis
- Fig. 13 North America Thermoplastic Elastomer Market Dynamics
- Fig. 14 Total Vehicle Production, 2018 - 2024 (Million Units)
- Fig. 15 Average Raw Material Price, 2018 to 2024 (USD/Kg)
- Fig. 16 North America Thermoplastic Elastomer Market: PORTER's Analysis
- Fig. 17 North America Thermoplastic Elastomer Market: PESTEL Analysis
- Fig. 18 North America Plastic Thermoplastic Elastomer, by Grade: Key Takeaways
- Fig. 19 North America Plastic Thermoplastic Elastomer, by Grade: Market Share Volume, 2024 & 2033
- Fig. 20 North America Plastic Thermoplastic Elastomer, by Grade: Market Share Revenue, 2024 & 2033
- Fig. 21 North America Styrenic Block Copolymers Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 22 North America Thermoplastic Polyolefins Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 23 North America Thermoplastic Vulcanizates Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 24 North America Thermoplastic Polyurethanes Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 25 North America Thermoplastic Copolyester Elastomers Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 26 North America Thermoplastic Polyamides Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 27 North America Plastic Thermoplastic Elastomer, by Material: Key Takeaways
- Fig. 28 North America Plastic Thermoplastic Elastomer, by Material: Market Share Volume, 2024 & 2033
- Fig. 29 North America Plastic Thermoplastic Elastomer, by Material: Market Share Revenue, 2024 & 2033
- Fig. 30 Butadiene Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 31 Ceiling Boxes / Fan Boxes Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 32 Propylene / Polypropylene Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 33 Ethylene Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 34 Plasticizers, Oils, Additives, Fillers Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 35 Other Materials Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 36 North America Plastic Thermoplastic Elastomer, by Application: Key Takeaways
- Fig. 37 North America Plastic Thermoplastic Elastomer, by Application: Market Share Volume, 2024 & 2033
- Fig. 38 North America Plastic Thermoplastic Elastomer, by Application: Market Share Revenue, 2024 & 2033
- Fig. 39 North America Thermoplastic Elastomer in Automotive Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 40 North America Thermoplastic Elastomer in Electrical & Electronics Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 41 North America Thermoplastic Elastomer in Industrial Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 42 North America Thermoplastic Elastomer in Medical Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 43 North America Thermoplastic Elastomer in Consumer Goods Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 44 North America Thermoplastic Elastomer in Other Applications Market Estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 45 Country marketplace: Key takeaways
- Fig. 46 U.S. Thermoplastic Elastomer Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 47 Canada Thermoplastic Elastomer Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 48 Mexico Thermoplastic Elastomer Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- Fig. 49 Market snapshot, 2024
- Fig. 50 Company Market Positioning Analysis, 2024 (1/2)
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