Polyamide Market Overview, Business Growth, Industry Revenue, Demand and Applications Market Research Report to 2027
Overview
The global polyamide market overview , 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 Overview 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 overview 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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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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