by Thermoplastic elastomers (TPEs) have seen significantly rising demand in the United States over the past decade. These materials offer flexibility similar to rubber but can be easily melted and reshaped like conventional plastics. Unlike materials like rubber that vulcanize during processing, TPEs do not undergo any chemical change and can be recycled repeatedly.
According to a report by Grand View Research, the U.S. thermoplastic elastomer size is expected to reach $13.5 billion by 2027, growing at a CAGR of 5.3%. Increased usage across various end-use industries such as automotive, medical, consumer goods, and construction is driving this growth. In the automotive alone, TPEs are being increasingly used to manufacture lightweight components, seals, hoses, gaskets, insulation, bumpers, and other parts requiring flexibility and resilience.
The ease of processing TPEs using existing plastic fabrication methods like injection molding and extrusion has also contributed to their rise in popularity. Manufacturers can achieve design flexibility, reduce tooling costs, and quickly modify or customize parts using TPEs. This has led to their adoption in new and improved applications across sectors.
Segmentation Based On United States Thermoplastic Elastomer Type And Applications
The U.S. thermoplastic elastomer can be broadly segmented based on thermoset type into Styrenic Block Copolymers (SBCs), Thermoplastic Polyolefins (TPO), Thermoplastic Vulcanizates (TPVs), Polyurethanes (TPUs), and Copolyester Ethers (COPE).
In terms of volume, the SBC type segment accounted for over 35% of the share in 2020 owing to its versatile properties and wide use in footwear, adhesive, sealants & coatings. The TPU segment is anticipated to witness the fastest CAGR during the forecast period due to growing applications in the automotive, medical and wire & cable industries.
The Key End-Use Industries Utilizing Types In The U.S. Are:
– Automotive: Hoses, seals, bumpers, door panels.
– Construction: Roofing membranes, window profiles.
– Medical: Gloves, stopcocks, tubing, implants.
– Footwear: Soles, heels.
– Wire & Cable: Insulation.
– Consumer Goods: Sports equipment, toys.
Leading Companies And Their Strategies
Some of the major players operating in the U.S. thermoplastic elastomer are Arkema SA, Asahi Kasei Corporation, BASF SE, DowDuPont, Covestro AG, Huntsman Corporation, Teknor Apex and Lubrizol Corporation. These companies have made significant investments in research and development to introduce new thermoset varieties and cater to the dynamic demands of customers.
For instance, in 2021, Teknor Apex launched Medalist Solflex ES41-360, a new high flow styrenic TPE for the medical device tubing . It provides improved flexibility at elevated temperatures and gamma radiation resistance for steam sterilization processes.
Lubrizol has focused on expanding its Sapphire engineered thermoplastic vulcanizate (TPV) grades for applications demanding enhanced physical properties. Examples include wire and cable jacketing, o-rings and seals requiring chemical and solvent resistance.
To gain a competitive edge, leading firms are optimizing production methods, forming strategic partnerships and acquiring niche players with complementary technologies. Companies are also tapping opportunities in high growth sectors like electric vehicles and renewable energy infrastructure using specialized TPE formulations.
Outlook For TPE Innovation And Adoption In The Coming Years
The future of the U.S. thermoplastic elastomer remains positive with expectations of sustained demand growth driven by newer applications emerging across industries. Increased regulatory push for sustainability and lightweight materials will further spur TPE consumption to replace traditional rubbers and metals.
Advancements in material science are allowing manufacturers to develop TPEs with enhanced performance characteristics like higher temperature stability, improved flexibility at low temperatures and greater chemical resistance. Grades tailored for 3D printing, membrane technology and miniature medical devices present lucrative opportunities.
Startups are bringing innovative TPE formulations to address the unique requirements of industries like consumer electronics, aerospace and clean energy. Collaborations between material providers, OEMs and molders would accelerate product development and time-to- abilities.
The thermoplastic elastomers will continue to be technology-driven with demand expanding into non-traditional areas. The opportunities for product substitution along with design flexibility and recyclability place TPEs in a positive position to serve the evolving needs of U.S. manufacturing sectors.
About Author - Ravina Pandya
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
