Press release
Thermoplastic Polyamide Elastomers Market Set to Reach USD 3.02 Bn by 2030 at 5.7% CAGR
Thermoplastic Polyamide Elastomers Market
The global thermoplastic polyamide elastomers market is poised for significant expansion, driven by increasing demand across various industries. In 2023, the market was valued at approximately USD 2.05 billion and is projected to reach nearly USD 3.02 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period.
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Competitive Landscape
The market features a blend of prominent international and regional players. Leading companies such as Arkema S.A., Evonik Industries AG, EMS-Chemie Holding AG, UBE Industries, Ltd., and BASF SE are at the forefront, continually innovating to meet the evolving demands of sectors like automotive, consumer goods, and healthcare. These companies invest heavily in research and development, marketing, and expanding their distribution networks to maintain a competitive edge.
Regional Demand Highlights
The Asia-Pacific region dominates the thermoplastic polyamide elastomers market, accounting for a significant share of global revenue. This dominance is attributed to the region's robust automotive sector and the presence of major market players. Countries like China and India contribute substantially to this leadership, with a CAGR of around 5.8% during the forecast period.
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Segmentation Analysis
by Type
Ester-based
Ether-based
Others.
by Application
Automotive
Medical
Consumer Goods
Electrical & Electronics
Industrial
Others
Over the course of the projected period, the consumer goods segment is anticipated to increase at a CAGR. It is the market's main end-user industry. Outsoles, ski boots, goggles, tennis rackets, bike grips, and other items are made from elastomers. Additionally, it is anticipated that the sports and recreation sector would add to the market share of the consumer goods sector.
by Product
Styrenic Block Copolymer (TPE-S)
Thermoplastic Olefin (TPE-O)
Elastomeric Alloy (TPE-V or TPV)
Thermoplastic Polyurethane (TPU)
Thermoplastic Copolyester
Thermoplastic Polyamide
Others
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Key Market Participants:
1 LG Chem Ltd
2 Evonik Industry AG
3 BASF SE
4 Solvay S.A.
5 LANXESS Corporation
6 Nexeo Solutions
7 NYCOA
8 Huntsman International LLC
9 LyondellBasell Industries Holdings B.V.
10 Exxon Mobil Corporation
11 KRATON CORPORATION
12 The Lubrizol Corporation
13 Celanese Corporation
14 Asahi Kasei Corporation
15 TSRC
16 Tosoh Corporation.
17 Arkema S.A.
18 PolyOne
19 SABIC
20 RTP Company, Inc.
21 KRAIBURG
22 Kuraray America Inc
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