#Thermoplastic #Elastomer #Market #Size #Projected #Grow
Beijing, Aug. 28, 2022 (GLOBE NEWSWIRE) — The global thermoplastic elastomer market size was valued at USD 21,431 Million in 2021 and is predicted to be worth USD 39,009 Million By 2030, with a CAGR of 7.1% from 2022 to 2030.
Thermoplastic Elastomer Market Report Key Highlights
- Global thermoplastic elastomer market size was US$ 21,431 million in 2021 and expected to grow at CAGR of 7.1% from 2022 to 2030
- North America thermoplastic elastomer market is expected to lead with more than 30% market share
- Asia Pacific thermoplastic elastomer market is expected to grow at fastest CAGR during the forecast period from 2022 to 2030
- The market for new electric vehicles with lightweight passenger automobiles is expanding in the United States and Canada
- Asia-Pacific automotive industry is predicted to drive global expansion in the thermoplastic elastomers market share
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Thermoplastic Elastomers Market Report Coverage:
| Parameter | Thermoplastic Elastomer Market | |
| Thermoplastic Elastomer Market Size 2021 | USD 21,431 Million | |
| Thermoplastic Elastomer Market Forecast 2030 | USD 39,009 Million | |
| Thermoplastic Elastomer Market CAGR During 2022 – 2030 | 7.1% | |
| Thermoplastic Elastomer Market Analysis Period | 2018 – 2030 | |
| Thermoplastic Elastomer Market Base Year | 2021 | |
| Thermoplastic Elastomer Market Forecast Data | 2022 – 2030 | |
| Segments Covered | By Material, By Application, And By Geography | |
| Thermoplastic Elastomer Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
| Key Companies Profiled | Arkema S.A., Bayer MaterialScience LLC, BASF SE, Evonik Industries, EMS Group, LyondellBasell Industries, Huntsman Corporation, Kraton Polymers, Sinopec, Nippon Polyurethane Industry Company Ltd., TSRC Corporation, and The Dow Chemical Company | |
| Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis | |
With recent rapid industrialization and a…
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