North America Consumption Of Thermoplastic Elastomers (TPE) Is 1027.7 K MT In 2016

The North America consumption of Thermoplastic Elastomers (TPE) increases from 876.1 K MT in 2012 to 1027.7 K MT in 2016, at a CAGR of more than 4.07%. In 2016, the North America Thermoplastic Elastomers (TPE) consumption market is led by USA and USA is the largest region consumption market, accounting for about 86.76% of North America consumption of Thermoplastic Elastomers (TPE).

Thermoplastic Elastomers (TPE) downstream is wide and recently Thermoplastic Elastomers (TPE) has acquired increasing significance in various fields of Building & Construction, Footwear, Automobile and others. The Thermoplastic Elastomers (TPE) market is mainly driven by growing demand for Automobile. Automobile accounts for nearly 41.65% of total downstream consumption of Thermoplastic Elastomers (TPE) in North America.

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Thermoplastic Elastomers (TPE) can be mainly divided into SBCs, TPOs, TPUs and TPVs which SBCs captures about 47.36% of Thermoplastic Elastomers (TPE) market in 2016. According to our research and analysis, manufacturers from USA are the major leaders in the North America market of Thermoplastic Elastomers (TPE).

North America market is expected to witness significant growth on account of rising applications, so in the next few years, Thermoplastic Elastomers (TPE) consumption will show a trend of steady growth. In 2023 the consumption of Thermoplastic Elastomers (TPE) is estimated to be 1379.0 K MT. On product prices, the slow downward trend in recent years will maintain in the future.

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