Specialty Polyamide Market Demand | Size, Overview, Report Analysis, Trends Reports, Scope and Forecast
Specialty polyamide Market–Market Overview: The global Specialty Polyamide Market Demand has been estimated to register a significant growth on account of increasing demand from the transportation sector on the backdrop of expanding global trade and consumer goods. The primary factors driving growth of the market are the rising use of the light weight vehicles, growing demand for light weight, heat resistant and durable coating material in numerous industrial applications. The global automotive market is estimated to grow at higher CAGR to reach over USD 90 billion revenue in 2017. The production and use of light weight cars and other automotive, as projected by Morgan Stanley analysts, is set to rise to 2.9 percent of 99 million new vehicles in 2020 and to 9.4 percent of 102 million new vehicles in 2025, from 1.1 percent of 86.5 million this year. This is projected to boost demand for the specialty polyamide in manufacturing light yet durable parts for an automotive. Additionally