Thermoplastic Polyamide Elastomers Market - Forecast(2024 - 2030)

Report Code: CMR 75796 Report Format: PDF + Excel

Thermoplastic Polyamide Elastomers Market Overview 

Thermoplastic polyamide elastomers market size is forecast to reach US$2.6billion by 2027, after growing at a CAGR of 5.7% during 2022-2027. Thermoplastic polyamide elastomers are thermoplastic block copolymers based on nylon and polyethers that have high efficiency and strong hydrogen-bonding. The structure and molecules of the thermoplastic polyamide elastomers are nuclear magnetic resonance and endure higher intact performance. Also, thermoplastic polyamide elastomers have multiple advantages such as reduced creep, good heat aging, and increased solvent resistance, this results in enhancing the durability of the products. Moreover, the thermoplastic polyamide elastomers market is majorly driven by the growth of the sports and leisure industry. Additionally, thermoplastic elastomers polyamide growing demand from the medical sector is also propelling the thermoplastic polyamide elastomers industry growth.

COVID-19 Impact 

The Covid-19 pandemic negatively impacted the growth of the thermoplastic polyamide elastomers. In the year 2020, major sports events were canceled or delayed because of the Covid-19 pandemic. For instance, in the year 2020, major sports events such as Tokyo Olympics, Euro 2020 Championship, ICC Men's T20 World Cups, and more were delayed because of the Covid-19 pandemic. Hence, due to the cancellation and delay of such sports events, the thermoplastic polyamide elastomers market suffered losses. However, with a limited capacity of audiences and more such measures in sports events resulted in revenue benefit for the thermoplastic elastomers market. Also, in the long run, the Covid-19 pandemic impact will be lowered, this will lead to the thermoplastic polyamide elastomers industry growth scenario as it was before the Covid-19 time.

Report Coverage 

The report: "Thermoplastic Polyamide Elastomers Market Report –Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Thermoplastic Polyamide Elastomers Industry. 

By ProductType: Polyether-amide (PEBA), Polyester-amide (PEA), and Others.
By Technology: Injection Molding, Film Extrusion, Blow Molding, Thermoforming, Rotational Molding, and Others.
By End-Use Industry: Sports and Leisure (Rackets, Golf ball, Skiing, Goggles, and Others), Medical (Catheters, Masks, Tubes, and Others), Automotive (Airbags, Tires, Seat and Seatbelts, Airduct Components, and Others), Electrical and Electronics (Cables and Wires, Washing Machine, Dryers, Dishwashers, Refrigerators, and Others), Textiles and Apparels (Sports Apparels, Winter Apparels, Casual Apparels, Industrial Apparels, and Others), Aerospace (Commercial, Military, and Others), Building and Construction (Flooring, Cladding Panels, Roof, and Others), Industrial, Agriculture, Food and Beverage, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest of Africa)).

Key Takeaways 

  • North America region dominated the thermoplastic polyamide elastomers market, owing to the growing golf events in the region. For instance, the Master's Golf Event will be conducted in April 2022 in the U.S. 
  • The increasing adoption of light materials in medical devices is fueling the demand for the thermal polyamide elastomers market. 
  • Furthermore, technological improvements in electronic gadgets and equipment open up lucrative potential in the thermoplastic polyamide elastomers market during the forecast period.
  • However, the fluctuating raw material prices are limiting the growth of the thermoplastic polyamide elastomers market. 


Figure: North-America Thermoplastic Polyamide Elastomers Market Revenue, 2021-2027 (US$ Billion) 

Thermoplastic Polyamide Elastomers Market

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Thermoplastic Polyamide Elastomers MarketSegment Analysis – By Product Type 

The polyether-amide (PEBA) held the largest share in the thermoplastic polyamide elastomers market in 2021 and is growing at a CAGR of 5.4% during 2022-2027. Polyether-amide block copolymers (PEBA) are economically relevant forms of thermoplastic polyamide elastomers, which make them ideal for applications in sports and leisure, textile and apparel, and more. This is due to several characteristics, including excellent flex fatigue and low-temperature flexibility, as well as chemical, weathering, wear, and heat resistance. These characteristics make these elastomers an ideal choice for applications that demand long-term endurance in a variety of chemical conditions and temperatures. Thus, due to these characteristics, the polyether-amide (PEBA) demand is increasing for the application in thermoplastic polyamide elastomers, also leading to the segmental growth of the market. 

Thermoplastic Polyamide Elastomers MarketSegment Analysis – By End-Use Industry 

The sports and leisure industry held a significant share in the thermoplastic polyamide elastomers market in 2021 and is growing at a CAGR of 5.9% during 2022-2027. Thermoplastic polyamide elastomers are used in the sports industry for damping system components and outsoles of high-end shoes such as racing, track & field, football, baseball, basketball, trekking, and so on, where its low density, damping capabilities, energy return, and flexibility are valued. Moreover, thermoplastic polyamide elastomers are also ideal for winter sports since it allows for the creation of the lightest alpine and nordic ski boots while yet giving excellent resistance to the elements (low temperatures, UV expositions, moisture). The ongoing and upcoming sporting events at the global level are anticipated to drive up the thermoplastic polyamide elastomers market growth. For instance, the FIFA World Cup will be held in Qatar from November to December 2022, the Summer Olympics with games such as running, badminton, and more will be conducted in Paris, France in 2024, and more such sports events will create an increase in demand for sports accessories. Hence, the increasing sports and leisure industry is projected to boost the demand for thermoplastic polyamide elastomers, also benefiting the market growth. 

Thermoplastic Polyamide Elastomers MarketSegment Analysis – By Geography

North America held the largest share in the thermoplastic polyamide elastomers market in 2021up to36%. Industries such as sports and leisure, medical, and more are growing in the North American region. This growth is ultimately accelerating the thermoplastic polyamide elastomers market growth. In the U.S the government is taking initiatives to increase sports youth participation in the country. In March 2019, the HHS Office of Minority Health and the Office of Women's Health, both within OASH, announced a grant opportunity called Youth Engagement in Sports.?The YES Initiative aims to uncover the features of effective collaborations that boost physical activity and nutrition through increasing involvement in sports. Moreover, according to Select USA (U.S. Department of Commerce), the medical device industry of the U.S is projected to grow to US$208 billion by 2023. Therefore, the growing promotion of sports by the government and medical industry growth in the North American region is propelling the growth of the thermoplastic polyamide elastomers market. 

Thermoplastic Polyamide Elastomers Market Drivers 

Increasing Medical Device Production 

Thermoplastic polyamide elastomers are widely utilized in the medical devices industry because of their multiple beneficial properties such as high sterilization resistance, ease of mixing with other polymers, high torque transmission, great impact resistance, and resistance to harsh chemicals. The increasing production of medical devices at the global level is expected to propel the thermoplastic polyamide elastomers demand, also accelerating the market growth. For instance, according to International Trade Administration (ITA), in the year 2019, the total medical device production in France was US$31,202, an increase of 2% when compared to 2018. Moreover, in 2019, the total medical device production in Mexico was US$15.27 million, and in 2020 it was US$16.80 million, an increase of 10%. Thus, the increasing medical devices production at the global level is driving the growth of the thermoplastic polyamide elastomers market growth.

Growing Demand for Electrical and Electronics 

In the electrical and electronics sector thermoplastic polyamide elastomers are majorly employed to enhance the durability of the products such as refrigerators, cables & wires, and more. The increasing demand for electrical and electronics is expanding the thermoplastic polyamide elastomers market growth. For instance, according to PricewaterhouseCoopers (PwC), consumer electronics consumption, which includes electronic appliances and gadgets such as washing machines, televisions, computers, and refrigerators, is expected to rise by 8.1 percent, 5.7 percent, 1.4 percent, and 1.7 percent by the end of 2022 in countries such as India, China, the United States, and Europe. This shows that demand for such home equipment is increasing. Furthermore, according to the Statistical Handbook of Japan 2021, consumer electronic equipment production and shipments, which include televisions, computers, refrigerators, and other items, reached US$ 52.6 billion in the fourth quarter of 2020, and are expected to rise in the coming year, indicating an increase in consumer electronics demand. Thus, the growing demand for electrical and electronics is benefiting the growth of the thermoplastic polyamide elastomers market growth.

Thermoplastic Polyamide Elastomers Market Challenges 

Dryness Issues Pose a Major Challenge

Dryness issues, limited hardness, and more such factors are restricting the growth of the market. The material melts at high temperatures, the thermoplastic polyamide elastomers parts can only be used at temperatures much below their melting point because of this intrinsic characteristic. For a brief exposure to that temperature, a thermoset rubber would most likely be appropriate. Thermoplastic polyamide elastomers with low hardness are less in number. Most thermoplastic polyamide elastomers materials need to be dried before they can be processed. This process is rarely employed in the production of traditional rubber materials, but it is rather prevalent in thermoplastic fabrication in general. Hence, these factors are posing as a major bottleneck for the growth of the thermoplastic polyamide elastomers market. 

Thermoplastic Polyamide Elastomers Industry Outlook

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in this market. Thermoplastic Polyamide Elastomers top 10 companies include:

  1. Arkema S.A 
  2. Evonik Industries AG 
  3. BASF SE, 
  4. PolyOne 
  5. LG Chem Ltd 
  6. UBE INDUSTRIES, LTD 
  7. EMS-CHEMIE HOLDING AG 
  8. RTP Company, Inc, 
  9. KRAIBURG, and Kuraray America, Inc. 
  10. SABIC 

Recent Developments

  • In October 2021, LANXESS a German specialty chemicals market manufacturer launched Durethan BLUEBKV60H2.0EF a polyamide 6 compound made from 92% sustainable raw materials. Such polyamide product development will benefit the market.
  • In October 2020, Evonik Industries based in Germany launched new VESTAMID polyamide elastomer foam technology for application in sports & leisure and footwear. Hence, such new technology will create an opportunity for market growth.
  • In October 2020, HP and Evonik collaborated on the creation of a thermoplastic elastomer material that can be generated using HP's Multi Jet Fusion 3D printing technology. Such collaboration between companies for the development of new products will benefit the market during the projected forecast period. 

Relevant Reports 

Report Code: CMR 0098 

Report Code: CMR 75796 

Report Code: CMR 1030

For more Chemicals and Materials related reports, please click here

1. Thermoplastic Polyamide Elastomers Market: Market Overview
    1.1 Definitions and Scope
2. Thermoplastic Polyamide Elastomers Market- Executive Summary 
    2.1 Key Trends by Product Type
    2.2 Key Trends by Technology 
    2.3 Key Trends by End-Use Industry 
    2.4 Key Trends by Geography
3. Thermoplastic Polyamide Elastomers Market– Comparative analysis
    3.1 Market Share Analysis- Major Companies 
    3.2 Product Benchmarking- Major Companies 
    3.4 Top 5 Financials Analysis 
    3.5 Patent Analysis- Major Companies 
    3.6 Pricing Analysis (ASPs will be provided) 
4. Thermoplastic Polyamide Elastomers Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis: 
        4.1.1 Investment 
        4.1.2 Revenue 
        4.1.3 Product portfolio 
        4.1.4 Venture Capital and Funding Scenario 
5. Thermoplastic Polyamide Elastomers Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview 
    5.2 New Business and Ease of Doing Business Index 
    5.3 Successful Venture Profiles 
    5.4 Customer Analysis – Major companies 
6. Thermoplastic Polyamide Elastomers Market- Market Forces 
    6.1Market Drivers 
    6.2 Market Constraints 
    6.3 Porters Five Force Model 
        6.3.1 Bargaining Power of Suppliers 
        6.3.2 Bargaining Powers of Buyers 
        6.3.3 Threat of New Entrants 
        6.3.4 Competitive Rivalry 
        6.3.5 Threat of Substitutes
7. Thermoplastic Polyamide Elastomers Market– Strategic Analysis 
    7.1 Value/Supply Chain Analysis 
    7.2 Opportunity Analysis 
    7.3 Product/Market Life Cycle 
    7.4 Distributor Analysis – Major Companies 
8. Thermoplastic Polyamide Elastomers Market-ByProduct Type(Market Size –US$ Million/Billion) 
    8.1 Polyether-amide (PEBA) 
    8.2 Polyester-amide (PEA) 
    8.3 Others 
9. Thermoplastic Polyamide Elastomers Market- By Technology (Market Size-US$ Million/Billion) 
    9.1 Injection Molding 
    9.2 Film Extrusion 
    9.3 Blow Molding 
    9.4 Thermoforming 
    9.5 Rotational Molding 
    9.6 Others 
10. Thermoplastic Polyamide Elastomers Market-By End-Use Industry (Market Size –US$ Million/Billion) 
    10.1 Sports and Leisure 
        10.1.1 Rackets 
        10.1.2 Golf ball 
        10.1.3 Skiing 
        10.1.4 Goggles 
        10.1.5 Others 
    10.2 Medical 
        10.2.1 Catheters 
        10.2.2 Masks 
        10.2.3 Tubes 
        10.2.4 Others 
    10.3 Automotive 
        10.3.1 Airbags 
        10.3.2 Tires 
        10.3.3 Seat and Seatbelts 
        10.3.4 Airduct Components 
        10.3.5 Others 
    10.4 Electrical and Electronics 
        10.4.1 Cables and Wires 
        10.4.2 Washing Machine 
        10.4.3 Dryers 
        10.4.4 Dishwashers 
        10.4.5 Refrigerators 
        10.4.6 Others 
    10.5 Textiles and Apparels 
        10.5.1 Sports Apparels 
        10.5.2 Winter Apparels 
        10.5.3 Casual Apparels 
        10.5.4 Industrial Apparels 
        10.5.4 Others 
    10.6 Aerospace 
        10.6.1 Commercial 
        10.6.2 Military 
        10.6.3 Others 
    10.7 Building and Construction 
        10.7.1 Flooring 
        10.7.2 Cladding Panels 
        10.7.3 Roof 
        10.7.4 Others 
    10.8 Industrial 
    10.9 Agriculture 
    10.10 Food and Beverage 
    10.11 Others
11. Thermoplastic Polyamide Elastomers Market-By Geography (Market Size -US$ Million/Billion) 
    11.1 North America 
        11.1.1 USA 
        11.1.2 Canada 
        11.1.3 Mexico 
    11.2 Europe 
        11.2.1 UK 
        11.2.2 Germany 
        11.2.3 France 
        11.2.4 Italy 
        11.2.5 Netherlands 
        11.2.6 Spain 
        11.2.7 Russia 
        11.2.8 Belgium 
        11.2.9 Rest of Europe 
    11.3 Asia-Pacific 
        11.3.1 China 
        11.3.2 Japan 
        11.3.3 India 
        11.3.4 South Korea 
        11.3.5 Australia and New Zealand 
        11.3.6 Indonesia 
        11.3.7 Taiwan 
        11.3.8 Malaysia 
        11.3.9 Rest of APAC 
    11.4 South America 
        11.4.1 Brazil 
        11.4.2 Argentina 
        11.4.3 Colombia 
        11.4.4 Chile 
        11.4.5 Rest of South America 
    11.5 Rest of the World 
        11.5.1 Middle East 
            11.5.1.1 Saudi Arabia 
            11.5.1.2 UAE 
            11.5.1.3 Israel 
            11.5.1.4 Rest of Middle East 
        11.5.2 Africa 
            11.5.2.1 South Africa 
            11.5.2.2 Nigeria 
            11.5.2.3 Rest of Africa 
12. Thermoplastic Polyamide Elastomers Market – Entropy 
    12.1 New Product Launches 
    12.2 M&As, Collaborations, JVs and Partnerships 
13. Thermoplastic Polyamide Elastomers Market–Industry / Segment Competition landscape Premium Premium 
    13.1 Company Benchmarking Matrix – Major Companies 
    13.2 Market Share at Global Level - Major companies 
    13.3 Market Share by Key Region - Major companies 
    13.4 Market Share by Key Country - Major companies 
    13.5 Market Share by Key Application - Major companies 
    13.6 Market Share by Key Product Type/Product category- Major companies 
14. Thermoplastic Polyamide Elastomers Market – Key Company List by Country Premium Premium 
15. Thermoplastic Polyamide Elastomers Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments 
    15.1 Company 1 
    15.2 Company 2 
    15.3 Company 3 
    15.4 Company 4 
    15.5 Company 5 
    15.6 Company 6 
    15.7 Company 7 
    15.8 Company 8 
    15.9 Company 9 
    15.10 Company 10 and more 
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Thermoplastic Polyamide Elastomers and Value Analysis, by Product Market 2023-2030 ($M)
2.Global Competition Landscape Market 2023-2030 ($M)
2.1 Arkema Group Market 2023-2030 ($M) - Global Industry Research
2.2 Evonik Industries AG Market 2023-2030 ($M) - Global Industry Research
2.3 BASF SE Market 2023-2030 ($M) - Global Industry Research
2.4 SABIC Market 2023-2030 ($M) - Global Industry Research
3.Global Thermoplastic Polyamide Elastomers and Value Analysis, by Product Market 2023-2030 (Volume/Units)
4.Global Competition Landscape Market 2023-2030 (Volume/Units)
4.1 Arkema Group Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Evonik Industries AG Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 BASF SE Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 SABIC Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Thermoplastic Polyamide Elastomers and Value Analysis, by Product Market 2023-2030 ($M)
6.North America Competition Landscape Market 2023-2030 ($M)
6.1 Arkema Group Market 2023-2030 ($M) - Regional Industry Research
6.2 Evonik Industries AG Market 2023-2030 ($M) - Regional Industry Research
6.3 BASF SE Market 2023-2030 ($M) - Regional Industry Research
6.4 SABIC Market 2023-2030 ($M) - Regional Industry Research
7.South America Thermoplastic Polyamide Elastomers and Value Analysis, by Product Market 2023-2030 ($M)
8.South America Competition Landscape Market 2023-2030 ($M)
8.1 Arkema Group Market 2023-2030 ($M) - Regional Industry Research
8.2 Evonik Industries AG Market 2023-2030 ($M) - Regional Industry Research
8.3 BASF SE Market 2023-2030 ($M) - Regional Industry Research
8.4 SABIC Market 2023-2030 ($M) - Regional Industry Research
9.Europe Thermoplastic Polyamide Elastomers and Value Analysis, by Product Market 2023-2030 ($M)
10.Europe Competition Landscape Market 2023-2030 ($M)
10.1 Arkema Group Market 2023-2030 ($M) - Regional Industry Research
10.2 Evonik Industries AG Market 2023-2030 ($M) - Regional Industry Research
10.3 BASF SE Market 2023-2030 ($M) - Regional Industry Research
10.4 SABIC Market 2023-2030 ($M) - Regional Industry Research
11.APAC Thermoplastic Polyamide Elastomers and Value Analysis, by Product Market 2023-2030 ($M)
12.APAC Competition Landscape Market 2023-2030 ($M)
12.1 Arkema Group Market 2023-2030 ($M) - Regional Industry Research
12.2 Evonik Industries AG Market 2023-2030 ($M) - Regional Industry Research
12.3 BASF SE Market 2023-2030 ($M) - Regional Industry Research
12.4 SABIC Market 2023-2030 ($M) - Regional Industry Research
13.MENA Thermoplastic Polyamide Elastomers and Value Analysis, by Product Market 2023-2030 ($M)
14.MENA Competition Landscape Market 2023-2030 ($M)
14.1 Arkema Group Market 2023-2030 ($M) - Regional Industry Research
14.2 Evonik Industries AG Market 2023-2030 ($M) - Regional Industry Research
14.3 BASF SE Market 2023-2030 ($M) - Regional Industry Research
14.4 SABIC Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
2.Canada Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
3.Mexico Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
4.Brazil Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
5.Argentina Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
6.Peru Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
7.Colombia Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
8.Chile Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
9.Rest of South America Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
10.UK Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
11.Germany Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
12.France Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
13.Italy Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
14.Spain Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
15.Rest of Europe Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
16.China Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
17.India Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
18.Japan Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
19.South Korea Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
20.South Africa Thermoplastic Polyamide Elastomers Market Revenue, 2023-2030 ($M)
21.North America Thermoplastic Polyamide Elastomers By Application
22.South America Thermoplastic Polyamide Elastomers By Application
23.Europe Thermoplastic Polyamide Elastomers By Application
24.APAC Thermoplastic Polyamide Elastomers By Application
25.MENA Thermoplastic Polyamide Elastomers By Application