Global Ethylene Bis Stearamide Market – Industry Trends and Forecast to 2029

Global Ethylene Bis Stearamide Market, By Form (Beads, Powder, Fine Powder), Application (Plastic Manufacturing, Inks and Coatings, Adhesives and Tapes, Rubber Manufacturing, Asphalts and Potting Compounds, Powder Metallurgy, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Over the recent years, the global ethylene bis stearamide (EBS) market is expanding rapidly and is expected to continue doing so over the forecast period, with manufacturers emphasizing both natural and synthetic amide waxes across key industrial application segments. Leading players are focusing on single-use plastics in response to growing sustainability concerns about their disposal. Therefore, with product developments and other advancements, the market is projected to flourish at a high rate.

Global Ethylene Bis Stearamide Market was valued at USD 1260.00 million in 2021 and is expected to reach USD 1861.59 million by 2029, registering a CAGR of 5.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Report Scope and Market Segmentation

Market Definition

Ethylene bis stearamide (PFPE) is a low-molecular-weight fluorinated synthetic fluid. Ethylene bis stearamide is non-toxic and non-flammable in its natural state. It is utilized in severe temperatures ranging from 80°C to 200°C. PFPE's molecular structure might be linear, branched, or both, depending on the application. Temperature resistance, lubricity, wear resistance, and fluid volatility are all provided by PFPE.

Ethylene Bis Stearamide Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Demand Across End Users

The increased consumption of ethylene bis stearamide products in the manufacture of various end-use products in applications such as plastic manufacturing, inks and coatings, adhesives and tapes, rubber manufacturing and asphalts and potting compounds drives regional market expansion. The companies in the ethylene bis stearamide market are unlocking growth prospects in ink, paint, and textile applications and plastic and rubber manufacture. For instance, Acme-Hardesty, a distributor of oleochemicals based in the United States (U.S.), is extending its product line of dispersion agents and flow enhancers such as ethylene bis stearamide, which play an important role in textile, paint manufacturing, and ink applications. In wire drawing applications, ethylene bis stearamide is an important lubricant that minimizes friction. The ethylene bis stearamide is widely used as a levelling and anti-sticking agent in painting and printing. The high adoption of ethylene bis stearamide for these applications is estimated to accelerate the market growth over the forecasted period.

Furthermore, the increasing awareness about the advantage of using ethylene bis stearamide will further propel the growth rate of ethylene bis stearamide market. Additionally, the growth, as well as the expansion of the various end use industries, are projected to bolster the growth of the market.

Opportunities

• Surge in Developments and Investments

Furthermore, various developments by the market players and significant investments in research and development activities which further enhance the applications of product, extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

• Greener and Sustainable Alternatives by Manufacturers

 Additionally, there have been increasing environmental risks associated with the disposal of ethylene bis stearamide. With the surging plastic pollution concerns, the manufacturers are attempting to develop green alternatives by producing highly reinforced and recyclable grades, which has resulted in a large increase in demand for ethylene bis stearamide. This factor is estimated to generate various lucrative growth opportunities for the market growth of over the forecast period.

Restraints/Challenges

• Lesser Reliance on Plastic Materials

As worldwide concerns associated with the plastic consumption surge, different businesses are implementing more sustainable materials in their supply chains. It is estimated that the oceans contain about 5 trillion macro and micro plastic fragments weighing up to 269,000 tonnes, with 8 million pieces entering the environment every day. Due to various environmental concerns, the market is projected to have limited growth.

• Difficulties in Adhering to Regulations

Manufacturers are having difficulty adhering to tight requirements and selecting the appropriate additives for the production of rubber compounds. Therefore, this factor will challenge the ethylene bis stearamide market growth rate.

This ethylene bis stearamide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ethylene bis stearamide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Ethylene Bis Stearamide Market

The recent outbreak of coronavirus had a negative impact on the ethylene bis stearamide market. Due to manpower shortages and disruptions in raw material delivery, these enterprises' manufacturing activities have been reduced to 40-60% capacity. Chemical production fell by 2.4 percent globally in February 2020, with Asia-Pacific production falling by 3.9 percent in the same month. As per the National Bureau of Statistics of China, chemical manufacture in China fell by roughly 20% from the previous year, while earnings fell by 66%. Growth prospects slowed until 2020 as a result of the new coronavirus pandemic, which forced chemical firms to halt production operations in the early months. This resulted in a decrease in demand for ethylene bis stearamide across key end-use sectors. This led to huge financial setback for the market.

However, various market strategies developed by the manufacturers will keep the market's revenue trajectory on level even during the pandemic. Moreover, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. As pandemic's impact faded, growth returned to normal, as the suspended and canceled operations continued.

Recent Development

• In April 2021, Croda International Plc. was recently voted first in Barron's list of the Most Sustainable International Companies. This certification is expected to boost the company's sustainable manufacturing capabilities in the field of specialty chemicals, particularly ethylene bis stearamide, by utilising smart science.
• In February 2021, Kao Chemicals Global (Kao Corporation) created the NEWTLAC 5000, an asphalt changed using proprietary technology from recycled PET materials. The product outperforms traditional asphalt modifiers in terms of durability and microplastic production.

Global Ethylene Bis Stearamide Market Scope

The ethylene bis stearamide market is segmented on the basis of form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

• Beads
• Powder
• Fine Powder

Application

• Plastic Manufacturing
• Inks and Coatings
• Adhesives and Tapes
• Rubber Manufacturing
• Asphalts and Potting Compounds
• Powder Metallurgy
• Others

Ethylene Bis Stearamide Market Regional Analysis/Insights

The ethylene bis stearamide market is analysed and market size insights and trends are provided by country, form and application as referenced above.

The countries covered in the ethylene bis stearamide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increase in production of plastic-based products in countries such as China and India within the region.

On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing spending on research and development in the emerging economies in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ethylene Bis Stearamide Market Share Analysis

The ethylene bis stearamide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ethylene bis stearamide market.

Some of the major players operating in the ethylene bis stearamide market are

• Croda International plc (U.K.)
• BassTech International (U.S.)
• DEUREX AG (Germany)
• Tarak Chemicals Limited (India)
• GreenTech Plastics ltd (Ireland)
• Sinwon Chemical Co, Ltd., (South Korea)
• KLK OLEO (Malaysia)
• PMC Biogenix Inc.,  (U.S.)
• Kao Corporation (U.S.)
• Guangzhou Cardlo Biochemical technology Co., Ltd. (China)
• Valtris Specialty Chemicals (U.S.)
• Shandong Chuangying (China)
• Akrochem Corporation (U.S.)
• Lonza (Switzerland)
• Höganäs AB (Sweden)
•  KLK OLEO (Malaysia)
• Acme-Hardesty (U.S.)