Market Overview

North American Thermoplastic Elastomers (TPE) Market (2018-2023) is Forecast to Grow at a CAGR of 5.22% - ResearchAndMarkets.com

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The "North
America Thermoplastic Elastomers (TPE) Market - Segmentation by Product
Type, Application, and Geography - Growth, Trends, and Forecast (2018 -
2023)"
report has been added to ResearchAndMarkets.com's
offering.

The North American thermoplastic elastomers (TPE) market was valued at
USD 4.3 billion in 2017 is expected to expand at a CAGR of 5.22% during
2018-2023.

The thermoplastic elastomers (TPE) market will benefit from the growing
automotive industry and increasing R&D efforts. Also, growing segments,
such as bio TPEs, are emerging commercially and will prove to be very
effective due to cleanliness of the bio material and harmless wastage.

Growing Demand from Automotive Industry

TPEs are not only cheaper than metals but also help to make automobiles
more energy-efficient by reducing the weight, in addition to providing
durability, corrosion resistance, toughness, design flexibility,
resiliency, and high performance at low cost.

The light weight of TPE (special plastics) helps in making more
fuel-efficient vehicles. Every 10% reduction in vehicle weight is
estimated to result in a 5-7% reduction in fuel usage.

North America is witnessing huge demand for lightweight automobiles,
driven by the growing consumer preference for high-quality
fuel-efficient automobiles, thus increasing the utilization of TPE
resins for manufacturing automobiles.

Other Key Highlights

  • Rising Demand from the Building & Construction Sector
  • United States to Lead the Market

Notable Market Development

  • Mitsui Chemicals to set up production plant for Milastomer in the
    United States.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

  • BASF SE
  • Lyondell Basell
  • Ineos Olefins & Polymers
  • Total Petrochemicals
  • Akzonobel N.V.
  • Bayer MS
  • ExxonMobil Chemical Co.
  • Afton Chemical Corporation
  • Chemtura Corp.
  • SINOPEC Corp.
  • Braskem SA
  • Innospec Inc.
  • Cummins Inc.
  • Total SAA
  • Total Petrochemicals & Refining USA Inc.
  • Evonik Industries
  • Chevron Phillips Chemical Co.
  • SABIC
  • SIBUR
  • Mitsui Chemicals
  • Mitsubishi Chemical Holdings Corporation
  • Wanhua Chemical Group Company Limited
  • Schulman Incorporated
  • Royal DSM
  • Arkema SA
  • DowDuPont
  • Huntsman Corporation
  • PolyOne Corporation
  • LG Chemicals
  • Nippon
  • Kraton
  • Dynasol
  • Dushanzi

For more information about this report visit https://www.researchandmarkets.com/research/jj89hf/north_american?w=4

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