North America Thermoplastic Elastomer Market Size, Share & Industry Trends Analysis Report By Material (Polystyrenes, Polyolefins, Polyurethanes, Polyetherimides, Polyesters and Polyamides), By Application, By Country and Growth Forecast, 2023 - 2030

The North America Thermoplastic Elastomer Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,683.5 Kilo Tonnes, showcasing a growth of 5.1% (2019-2022).

Integrating smart packaging technologies is a growing trend in the industry. With their adaptability to incorporate sensors and indicators, TPEs contribute to the development of smart packaging solutions. These solutions may include temperature-sensitive labels, freshness indicators, and other technologies that enhance packaging functionality. Packaging is increasingly viewed as a branding opportunity, and customization is gaining importance. TPEs offer the flexibility to create customized packaging solutions that align with brand aesthetics and messaging. Manufacturers are exploring ways to leverage the versatility of TPEs for unique and eye-catching packaging designs.

In addition, one notable trend in the market is the increasing focus on customization and the development of tailored solutions. The ability to customize TPE formulations to meet specific performance requirements has become a significant driver. Manufacturers are investing in developing specialty grades of TPEs that address industry-specific challenges, offering precise combinations of hardness, flexibility, and other properties tailored to diverse applications.

Sustainability has become a cornerstone in material innovation, and the market is no exception. There is a growing emphasis on developing sustainable TPE formulations and exploring bio-based alternatives. Manufacturers are exploring eco-friendly sourcing methods, including bio-based production and renewable resources. This aligns with broader sustainability goals, contributing to the market's growth and meeting the demands of environmentally conscious industries and consumers.

Likewise, TPEs can be formulated to exhibit properties suitable for applications ranging from medical tubing and catheters to seals and gaskets, addressing the diverse needs of the medical industry in North America. As per the data from the International Trade Administration, in 2022, Canada’s medical device sector size was estimated to be US$6.8 billion. Therefore, North America's growing medical devices sector will help increase demand for thermoplastic elastomers in the region.

The US market dominated the North America Thermoplastic Elastomer Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,070.6 million by 2030. The Canada market is showcasing a CAGR of 8.7% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 7.8% during (2023 - 2030).

Based on Material, the market is segmented into Polystyrenes, Polyolefins, Polyurethanes, Polyetherimides, Polyesters and Polyamides. Based on Application, the market is segmented into Automotive, Industrial, Electrical Electronics, Medical, Consumer Goods and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Thermoplastic Elastomer Market is Predict to reach USD 40.6 Billion by 2030, at a CAGR of 6.9%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arkema S.A., BASF SE, China Petrochemical Corporation (Sinopec Group), Evonik Industries AG (RAG-Stiftung), Huntsman Corporation, The Dow Chemical Company, Covestro AG, Mitsubishi Chemical Holdings Corporation, DuPont de Nemours, Inc., and Asahi Kasei Corporation

Scope of the Study

Market Segments Covered in the Report:

By Material (Volume, Kilo Tonnes, USD billion, 2019-2030)

• Polystyrenes
• Polyolefins
• Polyurethanes
• Polyetherimides
• Polyesters
• Polyamides

By Application (Volume, Kilo Tonnes, USD billion, 2019-2030)

• Automotive
• Industrial
• Electrical Electronics
• Medical
• Consumer Goods
• Others

By Country (Volume, Kilo Tonnes, USD billion, 2019-2030)

• US
• Canada
• Mexico
• Rest of North America

Key Market Players

List of Companies Profiled in the Report:

• Arkema S.A.
• BASF SE
• China Petrochemical Corporation (Sinopec Group)
• Evonik Industries AG (RAG-Stiftung)
• Huntsman Corporation
• The Dow Chemical Company
• Covestro AG
• Mitsubishi Chemical Holdings Corporation
• DuPont de Nemours, Inc.
• Asahi Kasei Corporation

Chapter 1. Market Scope Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Thermoplastic Elastomer Market, by Material
1.4.2 North America Thermoplastic Elastomer Market, by Application
1.4.3 North America Thermoplastic Elastomer Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis

Chapter 4. Strategies Deployed in Thermoplastic Elastomer Market

Chapter 5. North America Thermoplastic Elastomer Market by Material
5.1 North America Polystyrenes Market by Country
5.2 North America Polyolefins Market by Country
5.3 North America Polyurethanes Market by Country
5.4 North America Polyetherimides Market by Country
5.5 North America Polyesters Market by Country
5.6 North America Polyamides Market by Country

Chapter 6. North America Thermoplastic Elastomer Market by Application
6.1 North America Automotive Market by Country
6.2 North America Industrial Market by Country
6.3 North America Electrical Electronics Market by Country
6.4 North America Medical Market by Country
6.5 North America Consumer Goods Market by Country
6.6 North America Others Market by Country

Chapter 7. North America Thermoplastic Elastomer Market by Country
7.1 US Thermoplastic Elastomer Market
7.1.1 US Thermoplastic Elastomer Market by Material
7.1.2 US Thermoplastic Elastomer Market by Application
7.2 Canada Thermoplastic Elastomer Market
7.2.1 Canada Thermoplastic Elastomer Market by Material
7.2.2 Canada Thermoplastic Elastomer Market by Application
7.3 Mexico Thermoplastic Elastomer Market
7.3.1 Mexico Thermoplastic Elastomer Market by Material
7.3.2 Mexico Thermoplastic Elastomer Market by Application
7.4 Rest of North America Thermoplastic Elastomer Market
7.4.1 Rest of North America Thermoplastic Elastomer Market by Material
7.4.2 Rest of North America Thermoplastic Elastomer Market by Application

Chapter 8. Company Profiles
8.1 Arkema S.A.
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Product Launches and Product Expansions:
8.1.3 SWOT Analysis
8.2 BASF SE
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 China Petrochemical Corporation (Sinopec Group)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Research Development Expenses
8.3.4 SWOT Analysis
8.4 Evonik Industries AG (RAG-Stiftung)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Huntsman Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segment and Regional Analysis
8.5.4 Research Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 The Dow Chemical Company
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research Development Expenses
8.6.5 SWOT Analysis
8.7 Covestro AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Geographical Expansions:
8.7.6 SWOT Analysis
8.8 Mitsubishi Chemical Holdings Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Research Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 DuPont de Nemours, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research Development Expense
8.9.5 SWOT Analysis
8.10. Asahi Kasei Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research Development Expenses
8.10.5 SWOT Analysis

TABLE 1 North America Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 2 North America Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 3 North America Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 6 North America Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 7 North America Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Polystyrenes Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Polystyrenes Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Polystyrenes Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Polystyrenes Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Polyolefins Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Polyolefins Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Polyolefins Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Polyolefins Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Polyurethanes Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Polyurethanes Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Polyurethanes Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Polyurethanes Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Polyetherimides Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Polyetherimides Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Polyetherimides Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Polyetherimides Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Polyesters Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Polyesters Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Polyesters Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Polyesters Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Polyamides Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Polyamides Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Polyamides Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Polyamides Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 34 North America Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 35 North America Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Industrial Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Industrial Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 North America Electrical Electronics Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Electrical Electronics Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Electrical Electronics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 North America Electrical Electronics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 North America Medical Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Medical Market by Country, 2023 - 2030, USD Million
TABLE 51 North America Medical Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 North America Medical Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 North America Consumer Goods Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Consumer Goods Market by Country, 2023 - 2030, USD Million
TABLE 55 North America Consumer Goods Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 North America Consumer Goods Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 58 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 59 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 60 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 61 North America Thermoplastic Elastomer Market by Country, 2019 - 2022, USD Million
TABLE 62 North America Thermoplastic Elastomer Market by Country, 2023 - 2030, USD Million
TABLE 63 North America Thermoplastic Elastomer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 64 North America Thermoplastic Elastomer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 65 US Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 66 US Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 67 US Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 68 US Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 69 US Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 70 US Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 71 US Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 72 US Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 73 US Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 74 US Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 75 US Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 US Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Canada Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 78 Canada Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 79 Canada Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Canada Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Canada Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 82 Canada Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 83 Canada Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 84 Canada Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 85 Canada Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 86 Canada Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 87 Canada Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Canada Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Mexico Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 90 Mexico Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 91 Mexico Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Mexico Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Mexico Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 94 Mexico Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 95 Mexico Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 96 Mexico Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 97 Mexico Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 98 Mexico Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 99 Mexico Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Mexico Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Rest of North America Thermoplastic Elastomer Market, 2019 - 2022, USD Million
TABLE 102 Rest of North America Thermoplastic Elastomer Market, 2023 - 2030, USD Million
TABLE 103 Rest of North America Thermoplastic Elastomer Market, 2019 - 2022, Kilo Tonnes
TABLE 104 Rest of North America Thermoplastic Elastomer Market, 2023 - 2030, Kilo Tonnes
TABLE 105 Rest of North America Thermoplastic Elastomer Market by Material, 2019 - 2022, USD Million
TABLE 106 Rest of North America Thermoplastic Elastomer Market by Material, 2023 - 2030, USD Million
TABLE 107 Rest of North America Thermoplastic Elastomer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 108 Rest of North America Thermoplastic Elastomer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 109 Rest of North America Thermoplastic Elastomer Market by Application, 2019 - 2022, USD Million
TABLE 110 Rest of North America Thermoplastic Elastomer Market by Application, 2023 - 2030, USD Million
TABLE 111 Rest of North America Thermoplastic Elastomer Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 Rest of North America Thermoplastic Elastomer Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Key information – Arkema S.A.
TABLE 114 Key Information – BASF SE
TABLE 115 Key Information – China Petrochemical Corporation
TABLE 116 Key Information – Evonik Industries AG
TABLE 117 key Information – Huntsman Corporation
TABLE 118 Key Information – The Dow Chemical Company
TABLE 119 key information – Covestro AG
TABLE 120 Key Information – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 121 Key Information –DuPont de Nemours, Inc.
TABLE 122 Key Information – Asahi Kasei Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Thermoplastic Elastomer Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Thermoplastic Elastomer Market
FIG 4 Porter’s Five Forces Analysis – Thermoplastic Elastomer Market
FIG 5 North America Thermoplastic Elastomer Market share by Material, 2022
FIG 6 North America Thermoplastic Elastomer Market share by Material, 2030
FIG 7 North America Thermoplastic Elastomer Market by Material, 2019 - 2030, USD Million
FIG 8 North America Thermoplastic Elastomer Market share by Application, 2022
FIG 9 North America Thermoplastic Elastomer Market share by Application, 2030
FIG 10 North America Thermoplastic Elastomer Market by Application, 2019 - 2030, USD Million
FIG 11 North America Thermoplastic Elastomer Market share by Country, 2022
FIG 12 North America Thermoplastic Elastomer Market share by Country, 2030
FIG 13 North America Thermoplastic Elastomer Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Arkema S.A.
FIG 15 Recent strategies and developments: BASF SE
FIG 16 SWOT Analysis: Basf Se
FIG 17 Swot Analysis: China Petrochemical Corporation
FIG 18 Recent strategies and developments: Evonik Industries AG
FIG 19 SWOT Analysis: Evonik Industries AG
FIG 20 SWOT Analysis: Huntsman Corporation
FIG 21 SWOT Analysis: The Dow Chemical Company
FIG 22 SWOT Analysis: Covestro AG
FIG 23 SWOT Analysis: Mitsubishi Chemical Holdings Corporation
FIG 24 SWOT Analysis: DuPont de Nemours, Inc.
FIG 25 SWOT Analysis: Asahi Kasei Corporation