Global Thermoplastic Polyamide Elastomers Market Size, Trends & Growth Opportunity and, By Product (Polyether-amide (PEBA), Polyester-amide (PEA), and Others), By Application (Sports & leisure, Automotive, Electrical & electronics, Medical, and Others), By Region and Forecast till 2027.

Global Thermoplastic Polyamide Elastomers Market

The Global Thermoplastic Polyamide Elastomers Market is expected to grow from US$ 1.8 Billion in 2021 to US$ 2.1 Billion by 2027; it is estimated to grow at a CAGR of 2.3% from 2021 to 2027.

Drivers: Thermoplastic polyamide elastomers are increasingly being used in the home appliances, electronics and electrical, sports accessories, anti-static additives, breathable films, and medical sectors, which is driving market expansion. Furthermore, the market for thermoplastic polyamide elastomers is expanding due to the increased usage of accessories in winter sports and the Winter Olympics. The use of such elastomers in footwear is due to their ability to provide lightweight, excellent comfort, and flexibility. Additionally, thermoplastic polyamide elastomers are frequently utilised in the production of medical devices such tubes, masks, catheters, bottles, patches, and connectors that need to be flexible and resistant to sterilisation.

Restraints: The market's growth is being constrained because the majority of producers want to produce green products.

Impact of Covid-19

The COVID 19 epidemic has compelled the governments to implement measures like a lockdown and a social segregation rule. Many of the marketing industries' manufacturing and shipping costs have decreased as a result. One of them was the market for thermoplastic elastomers. Demand for the products has decreased, and there is a labour shortage. Comparing the performance results of 2020 to those from the prior year, the global market's volume decreased. Overall, it can be claimed that the global pandemic has thrown off the global market's supply and demand chains. As a result, the main players have made use of the time to create fresh plans and boosted the growth of the thermoplastic elastomers market over the forecast year.

Segmentation By Product: The polyether-amide (PEBA) segment is anticipated to experience significant growth through 2028, based on product. The reason for this is due to a number of characteristics, including excellent flex fatigue and low temperature flexibility as well as exceptional resistance to chemicals, weathering, wear, and heat. Due to these characteristics, these elastomers are a great choice for applications requiring exceptional durability under repeated loading in a variety of chemical conditions and at different temperatures. In the upcoming years, these elements are expected to fuel segment growth.

Segmentation By Application: Through 2028, the thermoplastic polyamide elastomer market is expected to witness a respectable share from the sports & leisure application sector. This increase is attributed to the several uses of TPE, including its use in flying discs due to its flexibility, dependability, and sturdiness. TPE materials can also be developed to have good wet grip, which makes them perfect for use in surf pads and waterski clips. Additionally, thermoplastic elastomers offer outstanding spring properties that can be used for propulsion, diving fins, or flawless sealing in dry compartments of watercraft.

Segmentation By Region: Thermoplastic Polyamide Elastomers Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to the regional market, the thermoplastic polyamide elastomer market share in North America is anticipated to expand profitably over the study period. The launch of various products and the adoption of expansion plans by market participants are the causes of the regional growth. For instance, Solvay announced in September 2021 that a new TPC (thermoplastic composites) production facility would be built at its Greenville, South Carolina location. Over 30 new jobs will be added at the new plant as a result of the new line.

Competitive Landscape: The key players of Thermoplastic Polyamide Elastomers Market are LANXESS, LG Chem, Evonik and HP, SABIC, PolyOne, UBE INDUSTRIES,LTD, EMS-CHEMIE HOLDING AG, RTP Company, Inc, KRAIBURG, Kuraray America, Inc, Radici Partecipazioni SpA, and Brüggemann Chemical KG.

Industrial Development

• A brand-new, eco-friendly, easy-flowing compound named Durethan BLUEBKV60H2.0EF was introduced by LANXESS in October 2021. In this product, sustainable substitutes have been used in place of almost 92% of the raw ingredients.
• A partnership between LG Chem and Petronas Chemicals Group Bhd was established in June 2021 for the construction of an NBL manufacturing facility at the Pengerang Integrated Complex (PIC) in Johor, Malaysia.
• The creation of a TPE material that can be processed using HP's Multi Jet Fusion 3D printing technology was revealed by Evonik and HP in October 2020.

Market Taxonomy

By Product

• Polyether-amide (PEBA)
• Polyester-amide (PEA)
• Others

By Application

• Sports & leisure
• Automotive
• Electrical & electronics
• Medical
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Thermoplastic Polyamide Elastomers Market?
• What will be the growth rate from 2020 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?