United States Thermoplastic Elastomer Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
United States Thermoplastic Elastomer Market is Segmented By Product Type (Styrenic Block Copolymer, Thermoplastic Polyolefin, Thermoplastic Polyureth....
United States Thermoplastic Elastomer Market Size
Market Size in USD
CAGR5.5%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 5.5% |
| Market Concentration | Medium |
| Major Players | Girard Rubber Corp, Aero Rubber Company, Inc, Dunnage Engineering, Alliance Rubber Company, Alpine Elastomer Products, LLC |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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United States Thermoplastic Elastomer Market Analysis
The United States Thermoplastic Elastomer Market is estimated to be valued at USD 1.77 Bn in 2024 and is expected to reach USD 2.21 Bn by 2031, growing at a CAGR of 5.5% from 2024 to 2031.
Thermoplastic elastomers find wide application in the automotive, medical, and construction industries which is driving the growth of this market. The increasing demand from the automotive industry is expected to be a key growth driver.