Polyether Block Amide (PEBA) Market Report Overview
-
Request a Free Sample to learn more about this report
The global polyether block amide (PEBA) market size was USD 1271.76 million in 2021. As per our research, the market is projected to touch USD 4,964.67 million in 2031, exhibiting a CAGR of 14.43% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with polyether block amide (PEBA) experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Polyether block amide (PEBA) is made of flexible polyether and rigid polyamide. It is a multiblock copolymer. It is also known as Pebax.
The polyether block amide market is anticipated to expand due to the extensive use of the product in the manufacturing of PVC-free tubing, catheters, medical gowns, and others. It is widely used in packaging, medical, sportswear, fibers & fabrics, industrial, and others. Further, it has super dynamic and mechanical properties such as impact resistance, flexibility, and fatigue resistance. Growing awareness to follow a healthy and active lifestyle coupled with increased awareness about the benefits of the material among consumers is anticipated to drive market growth. Increased need for flexible and fatigue-resistant material in industrial applications and growing demand for sports footwear are predicted to foster market growth in the forthcoming years. On the contrary, high manufacturing costs and fluctuation of raw material prices are estimated to harm market growth in the coming years.
COVID-19 Impact: Fluctuation in Raw Material Prices to Harm Market Growth
Lower demand from the industrial sector due to lockdown restrictions to harm market growth. The market witnessed a fluctuation in raw material prices and a disruption of supply and chain. The shutdown of manufacturing units and a lower rate of production reduce the economic growth of the market.
However, huge demand for the product in the healthcare sector to recover market growth. Growing need for PVC-free tubing, catheters, medical gowns, and other healthcare products during the pandemic to fuel market growth.
LATEST TRENDS
High Adoption of the Material in Medical Products to Accelerate Market Growth
Increased adoption of the material in medical products such as PVC-free tubing, catheters, medical gowns, and others The product is used in manufacturing medical products for its good mechanical properties such as softness, and high & low temperature. These advantages of the product are estimated to boost the market growth in the medical sector. The product is made of flexible polyether and rigid polyamide, which makes it ideal for manufacturing medical products. Further, huge development in the healthcare sector is anticipated to fuel market growth in the forthcoming years. The product has excellent toughness, flexibility, and impact strength which is extensively required in manufacturing medical products, and growing demand for lightweight and flexible material is estimated to drive polyether block amide (PEBA) market progress.
Polyether Block Amide (PEBA) Market Segmentation
-
Request a Free Sample to learn more about this report
- By Type
Based on type, the market is divided into polyamide, 11 elastomer, polyamide 12 elastomer, and others.
Polyamide 12 elastomer is expected to be the top part of the segmentation type.
- By Application
Based on the application, the market is divided into industrial applications, medical industrial, consumer goods, and others.
Consumer goods are expected to be the top part of application segmentation.
DRIVING FACTORS
"High Demand from Sports Equipment to Foster Market Growth"
Increased demand for the material in sports equipment is estimated to surge market growth. The product is used in midsoles of high-end shoes such as football, running, baseball, basketball, trekking, and track & field. Such broad usage of the material in manufacturing sports shoes is estimated to drive market growth. Further, it has super dynamic and mechanical properties such as impact resistance, flexibility, and fatigue resistance. Growing awareness to follow a healthy and active lifestyle coupled with increased awareness about the benefits of the material among consumers is anticipated to drive market growth. Additionally, it is used in manufacturing winter sports participants such as ski boots. The material provides resistance to an extreme environment. Also, it offers UV exposure to moisture and low temperature. These features are expected to fuel market growth in the forthcoming years.
"Huge Adoption of Manufacturing of Electronic Equipment to Stimulate Market Growth "
The material is extensively used in manufacturing electric and electronic products such as wire coatings, cables, electronic device casings, and components. Further, it has excellent gas separation properties and it is used in several common industrial applications such as belting, wires, cables, films, and silent gear. This extensive use of the product in electronic and industrial applications is estimated to stimulate market progress. In addition, an increased standard of living and several properties of the material is likely to push market growth in the forthcoming years.
RESTRAINING FACTORS
"High Manufacturing Cost of the Material to Limit Market Growth "
High manufacturing costs and fluctuation of raw material prices are estimated to harm market growth in the coming years.
Polyether Block Amide (PEBA) Market Regional Insights
-
Request a Free Sample to learn more about this report
"Growing Popularity of Sportswear Brands and Government Schemes in Asia Pacific to Drive Market Share "
Asia Pacific is estimated to hold the largest polyether block amide (PEBA) market share owing to the increased popularity of international sportswear brands. Government schemes in India such as Fit India Movement and Khelo India Schemes are likely to fuel the adoption of the material. A rise in disposable income coupled with a growing standard of living in the region is predicted to surge market growth. Further, the availability of low-cost labor and low-production cost is predicted to surge market growth. Extensive use of the product in the manufacturing of PVC-free tubing, catheters, medical gowns, and others. It is widely used in packaging, medical, sportswear, fibers & fabrics, industrial, and others. These factors are estimated to drive market growth.
North America is predicted to witness prominent market growth due to increased demand for medical gowns, and PVC-free tubing. Expansion and development in the healthcare sector to estimate surge market growth. The presence of market players is predicted to fuel market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Arkema (France)
- EVONIK (Germany)
- UBE
- EMS
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 1271.76 Million in 2021 |
Market Size Value By |
US$ 4964.67 Million by 2031 |
Growth Rate |
CAGR of 14.43% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the polyether block amide (PEBA) market expected to touch by 2031?
The global polyether block amide (PEBA) market size is expected to reach USD 4,964.67 million in 2031.
-
What CAGR is the polyether block amide (PEBA) market expected to exhibit by 2031?
The polyether block amide (PEBA) market is expected to exhibit a CAGR of 14.43% by 2031.
-
Which are the driving factors of the polyether block amide (PEBA) market?
Drivers of this polyether block amide (PEBA) market are high demand from sports equipment and the huge adoption of manufacturing of electronic equipment.
-
Which are the top companies operating in the polyether block amide (PEBA) market?
Arkema, EMS, EVONIK and UBE are the top companies operating in the polyether block amide (PEBA) market.
