Thermoplastic Polyamide Elastomer (TPE) Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3854
Thermoplastic Polyamide Elastomer Market size will be growing significantly as a high performance plastic material in automobile, medical and sports applications. It’s a type of thermoplastic elastomers, also referred as thermoplastic rubbers, known for providing properties of both plastics and rubber materials.
In 2017, according to the U.S. Department of Commerce, the U.S. medical device market accounted for USD 156 billion and was almost 40% of the global medical device market. Currently the U.S. is one of the largest global medical device market. The ageing population is increasing in the U.S. and other developed nations, especially Europe. In addition, the government policies and acts such as the Patient Protection and Affordable Care Act of 2010 passed in the U.S., have increased the access to healthcare services for sections of the population of the country, that were previously uninsured. These factors have pushed the medical devices demand and overall investment in healthcare. Thermoplastic polyamide elastomers demand will increase significantly with these developments over the forecast timeframe.
The product segment of the thermoplastic polyamide elastomer market size is divided on basis of block copolymer based chemistry. Thermoplastic polyamide elastomers are made from co-polymerization of polyamide with ether and ester elastomer blocks. It includes polyether-amide (PEBA), polyester-amide (PEA) and others block copolymer. PEBA held a prominent share in TPE market and shall steadily grow over the forecast timeframe. It is produced by number of processes, including, thermoforming, heat shaping, injection molding, blow and rotational molding; and extrusion. It offers a significant low temperature resistance and flex fatigue. It is largely resistant to weather, mechanical wear & tear and chemicals reactions. It makes the product superior than conventional rubbers when used for the same applications. For some severe low temperature applications, where rigidity and high strength are required, the product is also reinforced with carbon or glass fibers.
The application segment of thermoplastic polyamide elastomers market includes sports & leisure, automotive, electrical & electronics, medical and others. Sports & leisure segment accounted for a substantial share in thermoplastic polyamide elastomers market in 2018. TPEs have low weight; good flexibility and display high impact resistance. A variety of sports & leisure products are made using thermoplastic polyamide elastomers, such as outsoles, goggles, alpine ski boots, bike handles, tennis rackets, etc. Polyamide elastomers provide high temperature resistance in cold regions, compared to other types of thermoplastic elastomers. It makes the product an ideal material for sports utility and are suitable for use in winter sports such as skiing, sledding, mountaineering and ice skating.
Thermoplastic polyamide elastomers provide good flexibility, chemical and solvent resistance. It is non-reactive with other polymers, making the product a suitable material for medical devices production. Medical devices such as tubing, grips, catheters, screens, drug supply, vial closures, connectors, and monitoring patches, are increasingly being manufactured using thermoplastic polyamide elastomer. Certain grades of the product exhibit antistatic properties that is largely utilized in production of number of automotive electric & electronic parts and consumer goods.
North America and Europe will be demand driving regions for thermoplastic polyamide elastomer market over the forecast timeframe. The growing use of EV cars, medical devices and sports equipment will be prime factors accelerating thermoplastic polyamide elastomer demand in Europe from 2019 to 2025. In developing countries of Asia Pacific, product demand is growing in medical equipment manufacturing. Additionally, a large number of global sports manufacturers have outsourced their manufacturing to countries such as Bangladesh, China and India. As a result of these developments, the thermoplastic polyamide elastomer market is likely to foresee healthy growth over next few years.
The companies operating in thermoplastic polyamide elastomer business are Solvay S.A., LANXESS Corporation Nexeo Solutions, Polyone, NYCOA, Arkhema, RTP company, Evonik Industry, LG Chem and BASF SA.
Thermoplastic Polyamide Elastomer Market, By Product, 2014-2025 (Tons) (USD Million)
- Polyether-amide (PEBA)
- Polyester-amide (PEA)
Thermoplastic Polyamide Elastomer Market, By Application, 2014-2025 (Tons) (USD Million)
- Sports & leisure
- Electrical & electronics
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Solvay S.A.
- LANXESS Corporation
- Nexeo Solutions
- RTP company
- Evonik Industry
- LG Chem
- BASF SA
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