The United States Thermoplastic elastomer market is primarily driven by increasing demand from the automotive industry. Thermoplastic elastomers are widely used in automotive exterior and interior parts like bumper covers, body panels, interior trim, door handles and seals due to their cost efficiency, durability and ability to be recycled. The growing consumption of thermoplastic elastomers in automotive applications is attributed to regulatory mandates pertaining to vehicle weight reduction for improved fuel efficiency and emission norms.

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..

The United States Thermoplastic Elastomer Market is witnessing increasing foreign direct investments and strategic collaborations between domestic and international players to leverage growth opportunities in the regional market. Major global thermoplastic elastomer producers are focusing on expanding their production facilities in the United States to cater to the rising local demand.

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