Polyamide Market size | Research Report 2020 Analysis, Demand, Insight, Key Players, Segmentation and Forecast to 2027
Overview
The global polyamide market, during the forecast
period 2017–2025, will register growth at a CAGR of 5%. The market for
polyamide is set to reach US$38.56 billion by 2025. As
per market analysts, the global market is anticipated to witness
growth owing to the factors such as the increasing demand from the automotive
industry as well as growing R&D investments. However,
the market will face challenges and restraints due to fluctuating
crude prices and stringent government regulations during the forecast period
2017–2025.
The increasing
demand for polyamide 6 and polyamide 66 in
the polyamide market is set to play a key role in determining
the growth potential during 2017–2025years. Analysts have also studied
the market to understand potential threats and challenges
the market companies could face. Although the market is
poised to grow at a fast pace across application, class, end-use industry, and
type segments, factors such as fluctuating crude oil prices could slow down
the market's growth worldwide.
Market
Segmentation
The polyamide market has been segmented into
application, class, end-use industry, and type. Based on the segment which is
application, the market is categorized on the basis of 3D printing, brakes
& transmission parts, engine components, fibers, household goods &
appliances, sports equipment, and wire & cables. The global market for
polyamide is further segmented based on class into Aliphatic Polyamides (PA 11,
PA 6, PA 6, PA 6, PA 6,10,6,6,9, PA 4), Semi-Aromatic & Aromatic Polyamides
(PA 6T, PA 6I and Poly(p-phenylene Terephthalamide)]. Furthermore, the market,
on the basis of the end-use industry is segmented into aerospace & defense,
automotive, consumer goods, electrical & electronics, packaging, and
textile. Based on the segment which is type, the market is categorized on the
basis of bio polyamides & specialty polyamides, PA 6, and PA 66.
The global market research report covers all the aspects of
the polyamide market based on the segmental analysis of these
application, class, end-use industry, and type segments. Analysts have also
studied the global market's regional markets spread across many continents
and countries. The application, class, end-use industry, and type segments
along with their sub-segments have been analyzed and companies functioning in
the market across these segments are profiled and analyzed based on
input and feedback from polyamide market based decision makers
as well as primary and secondary sources. The market research report
presents analysis based information for companies functioning in
the market.
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https://www.marketresearchfuture.com/reports/polyamides-market-5264
Regional Overview
The volatile prices of raw materials may hinder
the market growth. The market research report suggests that companies
in the polyamide market could be supported by large-scale
developments in the automotive industry as well as growing adoption from the
automotive sector during the forecast period. The market is set to
register growth at a high CAGR owing to these key factors.
The market is spread across North America, Europe, Asia-Pacific, and
other parts of the world. The global market research report reveals
that APAC, North America, and Europe regional markets will dominate the
global market for polyamide during the forecast period 2017–2025. As
per market analysts, the market is set to witness tremendous growth
across aliphatic polyamides (nylon class) and engine parts segments in North
America which covers markets across the United States, Canada, Mexico and
several other regional markets. Companies active in the market are
also analyzed and studied in the market research report.
The polyamide market for Europe covers smaller
market segments of Germany, Italy, France, and the United Kingdom.
Additionally, the polyamide market research report covers the
Asia-Pacific region covering markets from India, China, Japan, Australia,
and others. The market is also spread across the rest of the world.
The market report covers all such regions including the Middle East,
Africa, Brazil, and others.
Competitive Landscape
Polyamide has seen increased demand over the years, due to high
demand for polyamides in the automotive industry and the rise in demand for
luxury cars. Companies functioning in the global market are also
being challenged due to competition from elastomer-based alternatives and
strict government regulations. Mergers and acquisitions
by market companies are anticipated to help the market during the
forecast period 2017–2025. As the market is set to register a high
CAGR of 5% and is also anticipated to reach a US$38.56 billion by 2025, the
report highlights key areas companies need to focus on. The report suggests
that the market will see a healthy growth in the long run till 2027.
Based on SWOT analysis and market’s analysis based on Porters’ Five Force
Model presented in the market report. Mergers and acquisitions
by market companies are anticipated to help the market during the
forecast period 2017–2025.
Industry News
The Solvay polyamide acquisition (PA 6.6) enterprise was
concluded by BASF. With creative and well-known brands such as technyl, the
exchange extends BAS F's multifarious capabilities. This allows BASF to provide
its clients albeit with nice quality technological solutions, for example
self-support and e-mobility. The deal further improves the business in Asia as
well as North and South America's proximity to development markets. BASF is now
present along the complete production chain of polyamide 6.6 and improves
supply stability through its reverse incorporation in the main raw material
adiponitrile (ADN).
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