Thermoplastic Polyamide Elastomers Market Is Expected To Grow At About 5.9% CAGR

As per the report released by the analysts at Zion Market Research, the global Thermoplastic Polyamide Elastomers Market was worth USD 2.29 Billion in 2023. The market is forecast to reach USD 3.84 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period 2024-2032.. The key players actively participating in the global thermoplastic polyamide elastomers market consist of Evonik Industries AG, Arkema S.A, PolyOne, BASF SE, LG Chem Ltd, SABIC, KRAIBURG, Kuraray America Inc., and RTP Company, Inc.

Rising Alertness About Fitness Activity Benefits Likely To Spur The Thermoplastic Polyamide Elastomers Demand

Rising alertness regarding the health advantages of fitness activities is deemed to be the main factor propelling the thermoplastic polyamide elastomers' demand. Further, technological improvement in the athletic footwear industry enables the makers to make footwear that is durable, lightweight, comfortable, and fashionable. The capability of thermoplastic polyamide elastomers to endure chilly temperature conditions is also stimulating their use in ski boots, skis, and other winter sports tools.

In addition, thermoplastic polyamide elastomers demand has also been rising in the making of medical devices like tubes, catheters, bags, and masks. Characteristics of thermoplastic polyamide elastomers like easy amalgamation with other polymers, exceptional impact resistance, high sterilization resistance, resistance to strong chemicals, and high torque transference are also anticipated to drive the growth of the thermoplastic polyamide elastomers market.

Consumer Goods Segment Anticipated Grow At A Remarkable Rate During The Forecast Period

The global thermoplastic polyamide elastomers market is segmented based on application, product, and region. The application segment of the market is bifurcated into medical, automotive, industrial, electrical & electronics, consumer goods, and others. The consumer goods segment is further sub-segmented into home appliances and sports accessories, whereas the others segment includes breathable films and anti-static additives. Based on product, the global thermoplastic polyamide elastomers market is categorized into ester based and ether based. Consumer goods segment is expected to witness a considerable growth during the forecast period.

Asia Pacific Likely To Register A Considerable Growth Rate In The Coming Period

Based on region, in 2018, North America ruled the global thermoplastic polyamide elastomers market in terms of volume and revenue, with key use from the U.S. Europe follow North America, in terms of consumption. France, Italy, and Germany are key nations of the European thermoplastic polyamide elastomers market. Further, Asia Pacific is also anticipated to witness considerable growth in the thermoplastic polyamide elastomers market owing to the expansion of the medical device market, low labor costs, and government initiatives.

China and Japan are the key nations ruling the Asia Pacific thermoplastic polyamide elastomers market. Also, the stipulation for thermoplastic polyamide elastomers in Latin America and Middle East & Africa has been growing at a modest rate since the past few years and projected to carry on in the coming period.

Browse the full “Thermoplastic Polyamide Elastomers Market - By Product Type (Polyether Ester Amide, Polyester Amide, And Polyether Block Amide), Application Type (Sports Accessories, Leisure Goods, Mechanical Equipment, Electrical & Electronics Items, Automotive Parts, Breathable Films, And Anti-Static Additives): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032” Report at https://www.zionmarketresearch.com/report/thermoplastic-polyamide-elastomers-market

The global thermoplastic polyamide elastomers market is segmented as follows:

By Product

• Ether based
• Ester based

By Application

• Automotive
• Electrical & Electronics
• Medical
• Industrial
• Consumer goods
  • Sports accessories
  • Home appliances
• Others (anti-static additives and breathable films)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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