PEBA-ester market size is forecasted to reach US$1,401.3 million by 2027 after growing at a CAGR of 4.2% during 2022-2027. These elastomers are flexible, lightweight, and possess good chemical properties, making them suitable for a wide range of applications. PEBA esters are used extensively in the electrical and electronics industry where they are utilized in the manufacturing of products such as smartphones, flexible screens, wearable devices, cables, and several other electronic items. The electrical and electronic sector is expanding globally owing to the increasing demand for electronic products and this is expected to propel the market’s growth during the forecast period. For instance, as per the stats by Ericsson, smartphone subscriptions are on the rise, and the number is expected to touch US$7.7 billion in 2027.
Competitive Landscape:
The top 5 players in the PEBA-ester industry are –
1. Arkema
2. Evonik
3. EMS-GRIVORY
4. UBE
5. BASF SE
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Segmental Analysis:
1. Soft PEBA elastomer dominated the PEBA-ester market in 2021 and is expected to grow at a CAGR of 4.6% during the forecast period. This type of ester comes with a low compression set, robust electrical properties, and high resistance to solvents, greases, and oils.
2. Asia-Pacific region held the largest market share in the PEBA-ester market in 2021, up to 32%. The high demand for PEBA-ester is attributed to the massive growth in the region’s electronic sector.
3. The electrical and electronic sector dominated the PEBA-ester market in 2021 and is projected to grow at a CAGR of 5.2% during the forecast period. The block copolymer is used massively in the manufacturing of several electronic products and components such as wires, smartphones, flexible screens, and wearable devices.
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Report Coverage |
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Report Attributes |
Details |
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By Type |
Soft Elastomer, Hard Elastomer
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By Application |
Wire and Cable, Radiation Shielding, Medical Devices, Food Storage, Alcohol Recovery, Sports and Leisure Goods, and Others.
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By End User |
Automotive (Passenger Vehicle, Commercial Vehicle, Light Commercial Vehicles, Heavy Commercial Vehicles), Electrical and Electronics, Aerospace, Packaging, Healthcare, Hospitals, Long Term Care Facilities
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By Geography |
North America, Europe, Asia-Pacific, South America and Rest of World |
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Market Drivers and Challenges:
1. The expanding automobile sector is driving the market growth : The automotive sector is expanding robustly with increasing vehicle production and sales and this is expected to contribute to the market’s growth during the forecast period.
2. The increasing demand for electronic products is influencing the market growth : PEBA esters are used extensively in the electrical and electronic sector for the manufacturing of several electronic components and products. The thermoplastic elastomer is utilized in the production of smartphones, wearable devices, cables, flexible screens, and various other electronic products.
3. The fluctuation in raw material price might hamper the market growth : PEBA esters are usually made of polyamide material which is petroleum-derived. The price of this raw material is fluctuating due to the fluctuation in the price of petroleum and this might hamper the growth of the PEBA ester market.
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