Global High-Performance Polyamides Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global High-Performance Polyamides Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global high-performance polyamides market report has been segmented on the basis of product, application, and region
Global High-Performance Polyamides Market: Overview
Polymers are used in combination with other ingredients to make a various product. Combination of polymer and additives is often referred to as plastic. Ingredients that ate used to produce composites are fiberglass, mineral, heat stabilizers, and flame retardants.
Global High-Performance Polyamides Market: Dynamics
Rapid advancements in thermoplastics polymer, coupled with high adoption of high-performance polyamides by automotive manufacturers, owing to properties such as excellent strength and toughness when exposed to hot, aggressive fluids and to hot air whether humid or dry is a major factor expected to drive growth of the global high-performance polyamides market. In addition, increasing automotive sale across the globe is another factor expected to support growth of the target market. In 2017, according to India Brand Equity Foundation, overall automobile sales increased 24.05% as compared to the previous year which was to 19,39,671 units.
The flourishing electronic sector in developed and developing countries, rising demand for advanced electronic devices, and manufacturers approach towards integration of high-performance polyamides in various components is another factor expected to further boost growth of the global market. Total production of electronics hardware goods in India reached US$ 31.6 Bn in FY15 and is expected to reach US$ 104 Bn by 2020.
Moreover, increasing government expenditure in the pharmaceutical sector and high demand from the pharmaceutical sector is another factor expected to further support growth of the global high-performance polyamides market
However, high cost of high performance polyamides is a major factor expected to hamper growth of the global market. In addition, the availability of various alternatives is another factors expected to limit growth of the global high-performance polyamides market.
Technological advancements and innovative product offerings by major players are expected to create new opportunities in terms of romance is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period.
Global High-Performance Polyamides Market: Segment
Among the product segments, polyamide 11 segment is expected to dominate in the target market over the forecast period.
Among the application segments, the automotive segment is expected to contribute significant revenue shares in the target market over the forecast period.
Global High-Performance Polyamides Market: Region
The market in North America is expected to dominate in the global high-performance polyamides market and is expected to continue its dominance over the forecast period. This can be attributed to high demand by medical manufacturers, coupled with new products offered by major players operating in the countries. In addition, strategic expansion activities by major players through mergers and acquisitions is expected to further support growth of the market in this region.
The market in the Asia Pacific is expected to witness faster growth, owing to increasing demand from the electronic sector, automotive sale, and the presence of prominent players operating in emerging economies in this region. The market in Latin America is expected to witness moderate growth over the net few years
Global High-Performance Polyamides Market Segmentation
Segmentation by product type
- Polyamide 11 (PA 11)
- Polyamide (PA 12)
- Polyamide 9T (PA 9T)
- Polyacrylamide (PARA)
- Polyphthalamide (PPA)
- Polyamide 46 (PA 46)
Segmentation by end-user industry
- Electrical & Electronics
- Others (Textile, Oil & Gas, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Arkema Group
- I. Du Pont De Nemours and Company
- EMS-Chemie Holding AG
- Evonik Industries AG
- Kuraray Co., Ltd.
- Mitsubishi Gas Chemical Company, Inc.
- Mitsui Chemicals, Inc.
- Royal DSM N.V.
- Solvay SA
- Toyobo Co., Ltd.
- Ube Industries, Ltd.
- Zhejiang NHU Co., Ltd.
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