Polyethylene Adipate Market: Overview
Polyethylene adipate (also known as PEA) is an aliphatic polyester formed by the reaction of adipic acid and ethylene glycol. It is an amorphous material, which forms monoclinic crystals. It is primarily used as a raw material or pre-polymer for polyurethane. Polyethylene adipate is often blended with other polyesters to form soft segments. Alternate chemical name for polyethylene adipate is poly(oxyethylene-oxyhexane-dioyl) and poly(oxyethylene-oxyadipoyl). It is soluble in organic solvents such as benzene and tetrahydrofuran.
Polyethylene Adipate Market Trends
Polyurethane production is the major factor affecting the market scenario for polyethylene adipate. Polyurethane is used in almost all industries including furniture, construction, electronics, automotive, footwear, and packaging. The global polyurethane market is dominated by polyurethane foams. Coatings, adhesives and sealants, and elastomers are among the other key types of polyurethane product segments.
Major application areas of polyurethane include construction, packaging, transport, consumer goods, infrastructure, renewable energy and waste management system, health care and personal care, and agriculture & food. Building & construction and transportation are the prominent application segments of the polyurethane market. Shifting preference toward sustainability is expected to accelerate the demand for polyurethanes in the near future. Rise in demand for flexibility and durability fuels the polyurethane market.
Polyurethane is employed in various applications in construction and infrastructure industries. Adhesives and sealants offer good adhesion to various substrates such as wood, concrete, glass, and plastic. Polyurethane foams insulate roofs, wall cavities, and floors in residential housing. Polyurethane is employed in construction and infrastructure industries in insulation of walls, roofs, flooring, doors, windows, foundation and basements, structural elements, and insulation of infrastructure such as road, railway, district heating & cooling, sports complexes, etc. Polyurethane plays a key role in creating energy-saving solutions and reducing emission of greenhouse gases. Therefore, demand for polyurethane has been increasing. This, in turn, is also expected to provide major boost to the polyethylene adipate market during the forecast period.
Key manufacturers of polyurethane comprise Covestro AG, BASF SE, DowDuPont, Huntsman Corporation, Tosoh Corporation, RTP Company, LANXESS (Chemtura), and Mitsui Chemicals Inc. Many of these manufacturers focus on the production of rigid and flexible foams. The outstanding compatibility of polyurethane makes it well-suited to be mixed with numerous raw materials for a range of applications. Automotive manufacturers use polyurethane to improve quality, safety, and cost-effectiveness of modern vehicles.
Polyethylene Adipate Market: Region-wise Outlook
Based on geography, the global polyethylene adipate market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Polyethylene adipate is primarily employed in the manufacture of polyurethane. Asia Pacific dominated the global polyethylene adipate market in 2017. In terms of demand, China alone accounts for more than 50% share of the polyethylene adipate market in the region. Countries such as China, Taiwan, South Korea, and Japan are the leading consumers of polyethylene adipate in the regional market.
Europe is also a lucrative region of the polyethylene adipate market, as it is one the leading producers of polyurethane. Countries such as Germany, Italy, the Netherlands, Belgium, and Spain are the leading consumers of polyethylene adipate in the region.
In terms of demand, the U.S. dominates the polyethylene adipate market in North America with more than two-third share. Europe and North America have strong and developed automotive and refrigeration industries. Thus, demand for polyurethane is anticipated to increase in these regions during the forecast period. This, in turn, is estimated to boost the demand for polyethylene adipate.
Polyethylene Adipate Market: Key Players
Key players operating in the polyethylene adipate market include Alfa Aesar, Songwon, and Sigma-Aldrich.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.