Thermoplastic Polyamide Elastomers Market Outlook 2031

  • The global thermoplastic polyamide elastomers market was valued over US$ 1.8 Bn in 2021
  • It is estimated to grow at a CAGR of 5.8% from 2022 to 2031
  • The global thermoplastic polyamide elastomers market is expected to cross value of US$ 3.1 Bn by the end of 2031

Overview of Global Thermoplastic Polyamide Elastomers Market

Thermoplastic polyamide elastomers are lightweight polymers based on polyamides, with properties such as high elasticity and flexibility; and high resistance to greater impacts. They are block copolymers based on polyether or polyester and nylon. They are widely used across different sectors such as consumer goods, automotive, electrical & electronics, and medical.

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Thermoplastic polyamide elastomers are primarily used in areas where thermoplastic elastomers are inefficient, especially at lower temperatures. Blow molding, injection molding, thermoforming, extrusion, and rotational molding are some of the techniques used to produce thermoplastic polyamide elastomers.

Properties of Thermoplastic Polyamide Elastomers such as Sub-zero Temperatures Endurance to Drive Global Market

The sports accessories sub-segment of the consumer goods segment accounted for the largest revenue share of more than 36% of the thermoplastic polyamide elastomers market in 2021. Technological advancements in the sports footwear sector have enabled manufacturers to create durable, lightweight, trendy, and comfortable footwear. The ability of thermoplastic polyamide elastomers to endure freezing temperatures is driving their usage in ski boots, and ski and other winter sports gear.

Advantages of thermoplastic polyamide elastomers include low weight, excellent comfort, toughness, flexibility, impact resistance, cold temperature performance, rapid shape recovery, and ease of manufacturing. The rise in awareness about the advantages of fitness activities is expected to boost the thermoplastic polyamide elastomers market.

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Ether-based thermoplastic polyamide elastomers are largely used compared to ester-based thermoplastic polyamide elastomers due to their ability to withstand low temperatures. Ether-based polyamide elastomers or PEBA (polyether-amide block copolymers) are commercially important types of thermoplastic polyamide elastomers. These elastomers possess outstanding low-temperature flexibility, and good resistance to weathering, chemicals, wear, and heat. This makes them ideal for usage in applications that require high durability in varying temperatures and chemical environments. In terms of volume, the ether-based segment accounted for a significant share of 64.6% of the global market in 2021. Its share is anticipated to increase by 1.1% by 2031.

Thermoplastic Polyamide Elastomers Offer Design Benefits in Production of Medical Equipment

An increase in demand for thermoplastic polyamide elastomers in the medical industry is expected to propel the thermoplastic polyamide elastomers market. Thermoplastic polyamide elastomers are being increasingly used in applications such as grips, tubing, screens, catheters, vial closures, and connectors as they provide several benefits in the design and production of medical equipment. Superior features such as strong sterilization resistance, impact resistance, simple blending with other polymers, excellent torque transfer, and resistance to harmful chemicals are driving the demand for thermoplastic polyamide elastomers in the medical industry.

High Energy Return and Durability Offered by Thermoplastic Polyamide Elastomers in Shoes Boost Market Growth

The thermoplastic polyamide elastomers are widely used in consumer goods (sports accessories and home appliances), automotive, medical, electrical & electronics, industrial, and others (including anti-static additives and breathable films). The consumer goods segment dominated the global thermoplastic polyamide elastomers market with a market share of 55.9% in 2021. The segment is expected to register the highest CAGR of 5.7% during the forecast period.

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The rise in the sale of items such as garments and accessories, including a range of sports gear and equipment, is projected to propel the demand for thermoplastic polyamide elastomers. Running shoe components, cleated shoe components, equipment components, gear, and ski boots require advanced materials with high energy return and durability. This has prompted key sportswear producers to use thermoplastic polyamide elastomers as crucial materials in the production of sports goods. Furthermore, thermoplastic polyamide elastomers are used in the manufacture of tubes and components required for household appliances.

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