Polyetheramide Market to Witness the Highest Growth Globally in Coming Year with Key Players: Solvay S.A, Huntsman Corporation, Du Pont, Hexion, Mitsui Chemicals, DIC Corporation, Henkel and MorePolyetheramide, abbreviated as PEBA, is a high-performance thermoplastic elastomer and is widely used as an alternative of common elastomers such as polyester elastomers, thermoplastic polyurethanes, thermoplastic polyurethanes, and silicones. The most widely sold brands of polyetheramide are VESTAMID E by Evonik Industries and PEBAX by Arkema S.A. It is a block copolymer obtained by the polycondensation of carboxylic acid polyamides with an alcohol termination polyether.
The major players operating in the global market focus on key market strategies, such as mergers, acquisitions, collaborations, and partnerships, to strengthen their market reach and maintain their position in the competitive market.
Some Of The Key Players In The Global Market Include Solvay S.A, Huntsman Corporation, Du Pont, Hexion, Mitsui Chemicals, DIC Corporation, Henkel.
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Although being highly sensitive to UV degradation, it offers superior dynamic and mechanical properties such as impact resistance, flexibility, fatigue resistance, energy return, lower density, and resistance against a broad category of chemicals. Moreover, major applications of PEBA include sports equipment, damping system components, outsoles of shoes, and winter sports wear. PEBA is used in medical products, such as catheters, due to its better flexibility and mechanical properties at both high and low temperatures. Some hydrophilic grades of PEBA are also used for their anti-dust and antistatic properties.
Increase in demand for PEBA, especially in automotive industry, technological advancements in the processing industry, and surge in purchasing power among middle-class population groups, especially in developing economies, drive the market growth. In addition, increase in consumer spending in medical, automotive, construction, and footwear sectors; supportive regulatory amenabilities for sustainable products; and effective physical and chemical benefits, such as elastomeric and thermoplastic properties, in structural applications are expected to boost the demand for PEBA in the future.
Furthermore, rise in consumer awareness pertaining to safety and protection in electrical and electronics applications is further anticipated to augment the global PEBA market. Moreover, increase in concentration of automotive manufacturers, especially in India and China, presents major opportunities in the global PEBA market. However, strict regulations on the production of PEBA due to emission of toxic gases and increase in number of alternatives might hamper the market growth.
The global polyetheramide market is segmented on the basis of product, application, and geography. Based on product, it is divided into industrial grade, pharmaceutical grade, and others. The application segment includes adhesives & sealants, paints & coatings, composites, medicines, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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